Create Vesting Schedules

Role feature access: Compensation Setup > Equity Setup

In the Vesting Schedules tab of Compensation Setup > Equity Setup, you can configure multiple vesting schedules to define the period for employees in the organization to receive their equity. The vesting schedule is associated with the equity type in the Pay Components tab of Compensation Setup > Compensation Cycles.

To add a vesting schedule:

1. Go to Compensation Setup > Equity Setup and click the Vesting Schedules tab.
2. Click Add. A record is added in the left-side panel, and the configuration fields are shown to the right.
3. In the General section:
   1. Name: Enter a name for the vesting schedule.
   2. Reference Code: Enter a unique reference code for the vesting schedule. Third-party equity systems use this code to identify the vesting schedule for equity.
   3. Note: Don’t use special characters such as hyphens in reference codes.
   3. Active:(Optional) By default, the checkbox is selected, and the vesting schedule is active. You can clear the checkbox to set the record as inactive. Only active vesting schedules are available when configuring equity pay components for compensation cycles.
   4. Description:(Optional) Enter the detailed explanation for the vesting schedule.
4. Click Save. The vesting schedule is added to the left-side panel in alphabetical order.

You can use the Active/All switch to toggle between active vesting schedules and all vesting schedules.

Note: You can edit the vesting schedule by clicking the record in the left-side panel and editing the details on the right even after the compensation cycle is published.