A Stock Ownership Plan (SOP) is a program that allows employees to acquire shares in the company they work for. This plan is designed to align the interests of employees with those of the company, encouraging them to contribute to its success. Employees may receive stock options or shares as part of their compensation, which can motivate them to work harder and stay with the company longer. SOPs can also provide tax benefits for both the company and its employees. By participating in an SOP, employees can build wealth over time as the value of the company's stock increases. This can lead to a sense of ownership and pride in the company's achievements.