What to do when an employee leaves the company?

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

If the employee is leaving for good: Terminate options  

Go to the Equity Plans 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 Options. 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, this is shown with the red line on the vesting schedule. The Amount to Terminate according to Ledgy is therefore: Amount of shares initially granted - The Amount that is shown on this red line. However, you can also input the amount according to your company’s own calculations.