EASi Repricing and Accounting Modifications

Best-in-Class Solutions

• Financial Reporting, Administration, and Employee Self-Service
• Stand-Alone FAS 123R/ASC 718 Reporting and Compliance
• Expert Financial Reporting & Reconciliation Service
• EASi Echo
• WorkStream Payroll and HR Interface

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Unparalleled Capabilities

• Employee Portal
• Mobility Tracking
• Modeling
• Performance Awards
• Repricing and Accounting Modification
• Reporting and Recordkeeping
• Section 16 Solution
• WorkStream
• World-class FAS 123R/ASC 718

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Find out more: Call us at
866-336-3274

EASi supports any modification to exercise (grant) price, shares, length of grant term, period to exercise after termination and extension of benefits after termination. For these types of modifications, there is a process that allows the user to select the grant to be modified and the parameters for the replacement grant. From there, a single command cancels the original grant and creates the new replacement grant. A link between the cancelled and new grant is maintained and identification flags are placed to indicate special accounting requirements. In addition, EASi has a simple process that does not require cancellation of the grant to accommodate vesting acceleration modifications.

To give customers complete flexibility, EASi's system allows for the new grant to have different parameters and be of a different award type from the original grant. When grants are cancelled, the software properly handles expense recognition and does not create a forfeiture for the cancelled grant. The incremental expense is calculated for the new grant with proper attribution based on the new vesting schedule. Cancelled shares go back into the plan share reserve pool for future use.