Understanding Award Granting and Vesting in Qapita

Understanding Award Granting and Vesting in Qapita 

The process for granting awards in Qapita is designed to be straightforward and intuitive. When an employee is awarded performance-based vesting rights, the vesting schedule for that employee is manually updated to reflect this change.

As a next step, the company must recognize or approve the performance parameters as achieved, partially achieved, or not achieved at the grant level. This allows the company to verify the performance against the vesting rights and approve the appropriate percentage (%) of vesting. Any remaining options that do not meet the performance criteria will be cancelled.

Example: If a company decides that only 60% of the options should be vested based on performance, the balance 40% is considered not achieved and will be unvested and cancelled.

Note on Tranche Validations for Performance Conditions:

• The same vest date is allowed if one tranche is time-based and another is performance-based.
• The same vest date is allowed if there are two tranches with two unique performance conditions for the same date.
• However, the same vest date is not allowed if there are two time-based vesting tranches.