EquityList Product Updates

For every ESOP scheme, we've introduced granular control over stock option expiry periods with the new configurable vesting leg expiry settings. This enhancement gives you more flexibility to define customized expiry rules both during employment and post-termination.

What's new?

• Vesting leg-based expiry at scheme level: You can now set a uniform expiry duration for all vesting legs across all grants within a scheme, establishing a consistent policy for when options expire if not exercised.

• Extended post-termination expiry options: While termination-based expiry rules have always been available, you can now additionally configure vesting leg-based expiry under these conditions, with the ability to set standard time periods like weeks/months/years.

• Tenure-based expiry calculations: Create expiry rules that scale based on employee tenure, such as:
  • 0.5x tenure for employees who served less than 2 years
  • 2x tenure for employees who served 2+ years

This feature lets you set up expiry rules at the scheme level that automatically apply to all grants, saving you from having to manually configure these settings for each employee.

[To find these settings, select any ESOP scheme - listed under ‘Equity Plans’ in Equity Awards > Grants - and edit the ‘Exercise Period’.]