To create a vesting schedule template you will need to be logged into Orchestra and have access as a company administrator. Click on 'ESOP & Options' from the left side menu. Click on the 'Manage pool' button. Click into an option holder name where you want to set up vesting schedules.
Click the 'Create schedules' button.
Select the type of vesting schedule you would like to use. You can choose from three types. You can use multiple schedules together but will need to set them up one at a time.
Enter the vesting schedule details such as date, number of options to vest, grant duration, vesting frequency and vesting cliff. You can give your schedule a name and description too (optional). Click the 'Create' button.
Select another schedule type, if required. You can have multiple schedules of the same type.
When you have entered all of your schedules click 'Save as template'.
Or if you'd like to enter the vesting schedules as a one-off for the individual option holder only, click 'Done'.
Saved templates can be used for new option grants and will speed up the loading of your ESOP vesting schedules where a consistent arrangement is used repetitively across multiple option holders.
Here's how to set up an offer of options to an employee and use your new vesting schedule template: