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Long-term Incentive Planning provides organizations the ability to manage market-based and performance-based long term compensation programs. Softscape Apex provides the ability to administer both option and award plans. Plan vesting and lapsing schedules can be established, option prices set and eligibility criteria defined. Administrators can also establish policies for employee exit, both voluntarily and for cause.
Using a worksheet-like interface, Long Term Incentive administrators will review and approve award grants based on the established criteria. Administrators also have the ability to record exercise of options and to manage employee exit on an exception basis.
- Manage market-based and performance-based long term compensation programs
- Administer both option and award plans
- Pre-established effective dates
- Separate plans by business area and job type
- Review and approve award grants based on the established criteria
- Manage long term incentive plans including stock option plans, stock appreciation rights, restricted stocks and phantom stocks
- On-line tracking of proposed changes
- User specific dashboards
- Instant access to critical organizational information
- Analyze incentive data by title, performance, and variable pay
- Automatic rollups through organizations
- Easy duplication of plans across companies
- Flexibility to integrate with any HRIS System
- Compensation plans migrated to future years
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