Explain briefly Share Based Payment Transaction and Arrangement with suitable examples of SBP Arrangement.

Share Based Payment (SBP) transaction is a transaction in which the entity: (a) receives goods or services from the supplier of those goods or services in a SBP arrangement, or (b) incurs an obligation to settle the transaction with the supplier in a SBP arrangement when another group entity receives those goods or services. SBP arrangement is an agreement between the entity (or another group entity or any shareholder of any group entity) and another party that entitles the other party to receive; (a) cash or other assets of the entity for amounts that are based on the price (or value) of equity instruments of the entity or another group entity, or (b) equity instruments of the entity or another group entity, provided the specified vesting conditions, if any, are met. Example of Share-Based Payment (SBP) Arrangements: Share ownership plans where employees receive an entity's shares in exchange for their services. An external consultant (not an employee) may provide services in return for shares in the entity.