You may need to pause vesting to reflect an employee leave of absence, or for other operational reasons.
To pause vesting on a security, an admin will need to modify its vesting schedule by following the steps below. For the purpose of this article, we will use the workflow for option grants as an example. Please, bear in mind that the same process is valid for all types of equity awards.
1. Go to Equity Awards > Options (or applicable equity award type) > Grants.
2. Locate the grant that needs to be corrected and click on the three-dotted button on the right-hand side of the grant.
3. Click Change grant details.
4. Click Register amendment.
5. Locate the Vesting schedule section and click Edit vesting schedule.
6. Click Add vesting pause.
7. Add the time period you wish to pause the vesting schedule of the grant - then click the green button Add pause.
8. The vesting schedule will automatically change to a custom one as you now have the option to edit any tranches within the grant.
9. Once done, you can either save it as Draft or Publish amendment. Please note that publishing the amendment will not notify the grantholder.