How to create a milestone vesting schedule?
Worked example where a company Administrator wants to create a vesting schedule which has four milestones linked.
Tranche | Tranche % | Milestone | Description | Target Date |
|---|---|---|---|---|
1 | 10% | Company - QFA $50m | Company gets funding of $50 million | No target date |
2 | 20% | Company - $100m revenue | The company makes $100m in yearly sales | 31-Dec-2023 |
3 | 30% | Individual - Sales Target of $10m | Employee attains a sales target of $10m by Q4 | 31-Dec-2023 |
4 | 40% | Individual - Sales Target of $6m | Employee attains a sales target of $10m by Q3 | 30-Sep-2023 |
First, you need to add milestones before linking them to the vesting schedules.