Defining equity grant information for planning rules

Note: 

This procedure applies only to equity-type planning rules.

When you define an equity planning rule, you can also define equity grant information by eligibility group. This information will be assigned to equity awards at the time they are finalized.

  1. Select Compensation > Set Up > Compensation Planning > Planning Rules.
  2. Open the planning rule.
  3. On the Equity Grant Information tab, click New.
  4. On the Equity Grant Information form, use the following guidelines to enter field values.
    Eligibility Group

    Select an eligibility group for the equity grant. If you do not select an eligibility group, this information will be used as the default for employees who are not part of any eligibility group for which grant information is defined.

    Note: 

    You cannot have duplicate eligibility groups on a planning rule, and can have only one blank eligibility group.

    Grant Price

    If you specify a grant price, it is displayed on the resource's compensation record. It is not used in any calculations.

    Grant Date

    Required. Specify the grant date.

    Grant Expiration Date

    Optional. If the grant has an expiration date, Specify it here.

    Amounts To Units Conversion Value

    You can specify a value here only if the equity grant type is Amounts. This is the value that will be used in converting amounts to units for the employee record. It can be the same value as the Grant Price.

    If this is left blank, the equity grant amount will not be converted to units when the equity grant is finalized.

    Vesting Schedule

    Select the vesting schedule that is applicable for this eligibility group.

    Vesting Start Date

    Specify a vesting start date, or specify a vesting start date calculation.

    Vesting Start Date Calculation

    If you do not specify a vesting start date, select the date that will be used to calculate the vesting start date at the time the equity grant is finalized.

  5. Click Save.