A Stock Ownership Plan (SOP) is a program that allows employees to acquire shares in the company they work for. This can be done through direct purchases or as part of their compensation package. The goal is to align the interests of employees with those of the company, encouraging them to contribute to its success. SOPs can take various forms, including Employee Stock Ownership Plans (ESOPs) and Stock Option Plans. These plans often provide tax benefits and can enhance employee motivation and retention by giving them a stake in the company's performance.