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How to create a security with multiple vesting conditions (Multi-triggers, multi-conditions)

You need to create a security whose vesting depends on both time condition, performance condition, and/or the occurrence of a specific event? Here are the steps to follow.

① Create the vesting conditions

Go to Equity Awards > Vesting Conditions > +Add a condition.

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② Set up the different vesting conditions

In the example below, we choose to create two vesting conditions:

  • A time-based condition with a standard vesting schedule

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  • A performance condition: 2 years of presence in the company

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③ Create the security and link the relevant conditions

Click +Add > Security:

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Choose the type of security you want to create and configure it:

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At the Vesting step, select the vesting conditions to link:

  • Indicate whether the security depends on a vesting condition

  • Choose the condition to link to the security

  • Choose the performance condition and its weight in the vesting

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Click Save, then indicate whether there is an exercise window applicable in case of departure, and save the security.