What do I do if I'm terminating an employee?
Last updated: August 29, 2024
If you're terminating an employee, follow these steps to manage their token grant:
Set Archive Date: When archiving the plan, set the archive date to the employee's termination date. This date is crucial for determining the status of vested tokens after the termination.
After archiving the token grant, no action needs to be taken directly on the stakeholder. Their plan will be frozen as of the archive date, and no further modifications can be made to it. Any vested tokens can still be distributed if needed.
Remember, when you archive a token grant, any vested amounts up to the archive date can still be marked as delivered. Any vest events that occur after the archive date will be considered archived and cannot be updated.
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