You can terminate an optionholder's grant when they leave your company or your collaboration with them has ended. This will then allow the optionholder to exercise their options (if applicable) on Capdesk.
Before you can terminate an option grant online, you will need to:
Once you have done all of the above, then you will be able to terminate an option grant online.
To terminate an option grant, go to the 'Options' page, find the option grant you wish to terminate, and click the action button (3 dots far right of option grant). Select the 'Terminate Online' option from the drop-down menu.
If you try to terminate an option grant but do not succeed, this could be due to:
Find more information in the screenshot below. If you are still unsure why your online termination is not supported, please contact support at firstname.lastname@example.org.
If your online termination is successful, you will be shown the page below:
Please make sure you review the grantholder's email address here and ensure that they will have access to it throughout the process.
You will need to input:
You will then need to select on the termination start date whether to:
If you need to cancel part of the unvested and accelerate vesting for the rest, please contact support for further help at email@example.com.
Please note that once you start the termination, you will be unable to cancel this process, so make sure you check the information on this page before you click on 'Start Termination'.
Once you are done, click on the “Start Termination” green button. This will then start the termination process. You can see that the option grants' status is now 'Terminating'.
The optionholder will receive an email notification that they can exercise their options. Read here if you want to find out how optionholders can exercise their options.
You can review the 'Tasks section' (under 'Status') to find out what the status is for any potential exercises.
These are the different statuses you might encounter: