Offboarding employees | Cake Equity Changelog
Manage employee departures with easy offboarding
06 December 2024
Update by
Aaron Blakemore
Senior Product Manager
When team members leave your company, managing their equity shouldn't be a manual headache. Our new offboarding feature automates the complex process of terminating equity grants, ensuring accuracy and compliance every time.
What's new:
- Smart stakeholder selection and automated communications
- Manage all grants across ESOPs, RSUs, and RSAs in one step
- Intelligent vesting termination based on termination dates
- Flexible PTEP management
- Automated lapsing and buy-backs
Simply select the employee you're offboarding, set their off-boarding date, choose your communication preferences, and the system automatically processes all their equity grants—ESOPs, RSUs, and RSAs—based on their termination date and your company's policies.
See more updates
Cake on your team's home screen, with push notifications
Cash bonuses your team can see and work towards
Lists: keep your stakeholder groups up to date automatically