To set up your ESOP Pool, simply navigate over to the ESOP tab on the left side of your screen, and click "Add Pool". Remember, Equity Pools are a collection of shares that can be allocated to different Equity Plans (ESOPs, SARs, etc.).

Once you've included the details of your Pool, you can then add legal materials like relevant contracts and notarized documents.

You're now ready to set up your Plan(s). Start by adding details of the Plan, legal documentation for this plan, and the participants of the plan.

Tip💡

All the participants come from your list of Stakeholders. If you haven't added the participants in your Stakeholder menu, you can add them in the dropdown of the participants section.

Once you've added participants to the Plan, you need to set the Conditions for your plan. Either each participant has the same rights and pricing, or there are customer rights and pricing per participant. Once this is set for your Plan, you can not change it.

After you set your Plan's Conditions, you you can enter in all vesting period and cliff details. Remember, your Vesting Period is the amount of time the employee needs to be employed by the company before this employee can exercise the full number of the shares of their grant(s). The Cliff Period is the first moment that an employee can exercise a portion of their shares.

For example, a 4 year Vesting Period with a 1 year Cliff Period means that 25% of the shares are vested per year (for 4 years), and that 25% of shares are available for the employee to exercise after 1 year.

The final step is to review the list of Grants within the plan.