What to do when an employee leaves the company?

Employees do not always stay for the full vesting schedule of their grants. With Ledgy you can easily keep track of their vested grants at their departure.

If the employee is leaving for good: Terminate grants  

Go to the Equity Plans > Grants page, search for the employee who left, click to see their options, and then click on the three dots on the right hand side and click Terminate. You will then be able to input the date of their departure and the Amount to Terminate

Ledgy automatically calculates the vested amount at the date you have entered depending on the parameters of the grant.

However, you can also input the amount according to your company’s own calculations.