QapMap mainly helps you manage equity award plans (including common stock, restricted stock units, bonus awards, stock appreciation rights and performance-based stock awards) and how they are disbursed in a single module.
To add an award plan in QapMap:
Click Equity Awards in the left menu, select Plans.
Click Create Award Plan
Basic Plan Details
In the displayed Create Award Plan dialog box, start by entering the Basic Details.
Type the Name of Award Plan.
Select the Type of Award. Awards may be Option awards, Share awards, or SARs.
Select the Share Class in the plan.
Plan Details & Approvals
Next, enter the plan details & approvals.
Type the Plan Size in units.
Select the Board Approval Date.
Select the Stakeholder Approval Date.
Enter the Term in years.
Vesting Details
Next, enter the vesting details like vesting schedule, percentage vested, cliff details, and exercise dates.
Note: Vesting means to give or earn a right to a present or future payment, asset, or benefit. This is typically used to give employees an incentive to perform well and remain with a company. In the context of retirement plan benefits, vesting gives employees the rights to employer-provided assets over time.
You can select the Vesting Templates. To create a new template, click Create New Vesting Template. To learn more on creating this template, click here.
You can select the Exercise Period Templates. To create a new exercise period template, click Create New Exercise Period Templates. To learn more on creating this template, click here.
SPV Details
If the round includes a Special Purpose Vehicle or SPV, click Yes.
You can either Select SPV from the existing list or create a new SPV.
3. If you choose to create a new SPV:
Type the Legal Name of the SPV.
Select the Type of SPV it will be. An SPV may be an Employee Trust or a Special Purpose Vehicle.
Next, select the Beneficiary Instrument. A If the round includes a Special Purpose Vehicle or SPV may be a depository receipt, one to one shares or any other type of instrument you decide.
Type the name of the Trust Manager, Contact Person, their Contact Email ID, and Contact Number.
Separation Details
Use this section to specify how award plans awards should be handled when an employee leaves the company.
For each of the above separation, you can select the following:
Resignation: Use this section to specify how award plans awards should be handled when an employee voluntarily leaves the job.
You can Enable separation rule linked to tenure of employee with the company.
Selecting the above option enables Tenure with the company is less than or same as. You can enter the number of days, month, or years in Value and Unit.
Select the appropriate option for Unvested Awards.
d. Select the appropriate option for Vested Awards.
Involuntary Termination: Use this section to specify how award plans awards should be handled when an employee is terminated from their job.
Select the appropriate option for Unvested Awards.
Select the appropriate option for Vested Awards.
Termination With Cause: Use this section to specify how award plans awards should be handled when an employee is terminated due to misconduct.
Select the appropriate option for Unvested Awards.
Select the appropriate option for Vested Awards.
Retirement: Use this section to specify how award plans awards should be handled when an employee retires.
Select the appropriate option for Unvested Awards.
Select the appropriate option for Vested Awards.
Death: Use this section to specify how award plans awards should be handled when an employee passes away while in service.
Select the appropriate option for Unvested Awards.
Select the appropriate option for Vested Awards.
Disability: Use the to specify how award plans awards should be handled for a disabled employee or one who is disabled due to an injury.
Select the appropriate option for Unvested Awards.
Select the appropriate option for Vested Awards.
Documents
You can upload supporting documents for the round by dragging and dropping the files.
Review Plan Details
Finally, you can review all the details entered and click Create Plan.
