This policy outlines procedures related to restricted stock vesting in an organization.
In this sample, employees select the tax withholding method by contacting the call center or logging onto the online equity administrator website. Depending on the employee’s election, the tax liability is satisfied through one of the following processes – cash payment, reduced shares (withhold), sell to cover, sell all. Vesting schedules are maintained in the third-party administration system, online equity administrator. After a vest has occurred, the senior accountant runs the vesting period report from the online equity administrator to determine the next vest date.