Create a vesting schedule
Vesting schedules can be created and saved in the 'Templates' so that they can be easily applied to certificates, equity awards, and warrants. Vesting schedule templates can be created by users with Legal Administrative permissions.
1. After navigating to 'Templates' under Securities, click 'Vesting Schedules' and then click 'Create vesting schedules.'
2. Enter the necessary information into the popup, such as the schedule name.
For a standard vesting schedule template, the length of the schedule (in number of months), and a cliff or immediate vesting percentage (if applicable) is added, then click 'Save vesting schedule.'
For a custom vesting schedule template, tranches can be added with various lengths, frequency (days/months/years), percentage (must total to 100%), and when vesting occurs.
Once set, click on "create vesting schedule" to save. You will then be able to apply the schedule template to any securities that you wish.
3. You can apply the schedule in the draft creation process and 'Include acceleration terms' or selecting 'Add vesting schedule' from the drop-down bar for the appropriate security.