A type of employees' share scheme where the employee is granted a right to acquire shares (an option) exercisable at the end of a specified period. The price at which the option can be exercised is fixed at the date the option is granted. Employee share options are often granted by deed. For information on employee share options, see Practice note, Employee share options: overview. For information on formalities for granting share options, see Practice note, Formalities for granting employee share options and awards.