What Is Vesting Plan For 1/24 Monthly, No Cliff?
There are six different pre-set vesting plans to choose from or create your vesting plan in Eqvista.
Here is one such basic vesting plan:
Step 1: Log into your Eqvista account and select the company account to view the vesting plan. On the dashboard, click on “Cap Table” on the left-hand side to get a drop-down menu. Then click on “Vesting and plans” to view already pre-set plans available that would save time.
![Vesting and plans](https://eqvista.com/support/app/uploads/2023/11/Vesting-and-Plans-2.png)
Step 2: Apart from viewing existing pre-set plans, click on “New Vesting Plan” to create a new plan and if you have created one, you will see them there. Check out our support guide to learn how to create a new vesting plan on Eqvista.
![New vesting plan](https://eqvista.com/support/app/uploads/2023/11/image7-1-9.png)
Step 3: Once you click “View Plan”, you can get the overview of the plan along with details such as name, type, created at, and description.
Note: If you want to edit the plan, you can modify the plan by clicking “Actions”. Check out our support article on how to modify the vesting plan on Eqvista.
![Vesting plan details](https://eqvista.com/support/app/uploads/2023/11/image9-7.png)
The description includes details for the vesting plan 1/24 monthly, no cliff as an example:
- Vesting Period (months): After a period of 24 months, the shareholder gets complete ownership of the asset.
- Cliff (months): There is no cliff period for the shareholder to get the first portion of the share.
- After Cliff, vest every (months): After 1 month, the next portion of the asset will be given to the shareholder.
Step 4: The vesting schedule can be implemented while issuing equities, options and warrants by clicking “Yes” for if you need a vesting schedule and selecting the plan.
Note: You can add a vesting schedule while issuing shares, options and warrants. Check out the respective support articles to learn about this.
![vesting time](https://eqvista.com/support/app/uploads/2023/11/image5-12.png)
After selecting the plan, choose the vesting start date and any restrictions for issued equities.
Note: If you have issued equities, you need to choose Restrictions – No restrictions, Restricted Stock Units, Restricted Stock Awards and Phantom Stock. Check out the respective support articles to learn about this.
Step 5: On the vesting and plans page under Cap Table, you will see all the grants that are vested under the plan based on the type of security – Equity Grants, Warrant Grants and Option Grants. Then, click on “Warrant Grants” to see the details of the grant vested under this plan.
![Warrant grant](https://eqvista.com/support/app/uploads/2023/11/image1-4-16.png)
Step 6: To see the vesting schedule of the plan, click on the grant name “CW-003” and you will be redirected to the warrant grant details page with the vesting schedule.
![Warrant grant details](https://eqvista.com/support/app/uploads/2023/11/image3-1-19.png)
![vesting schedule](https://eqvista.com/support/app/uploads/2023/11/image8-6.png)
Step 7: The vested option grant can also seen by clicking “Securities” on the left-hand side to get a drop-down menu. Then, click on “Warrants” and you will reach the page with the vested option grant under the plan.
![securities](https://eqvista.com/support/app/uploads/2023/11/image2-2-19.png)
Further to the plan that was discussed above, the other 5 vesting plans—vesting plan 1, vesting plan 2, vesting plan 3, vesting plan 4, and vesting plan 6 —have similar processes.
To know more about Eqvista’s processes, check out our support articles and knowledge base. For further queries, get in touch with us!