{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/28c7af5bb9c9422eb473728cf6d404fa\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/28c7af5bb9c9422eb473728cf6d404fa-0d64b64aad09d607-full.jpg","duration":523.9343,"title":"Customising your equity plans","description":"This tutorial explains how to customize plans in Ledgy to streamline the grant creation process. By setting default configurations at the plan level, users can avoid repetitive data entry when awarding individual or bulk grants. This feature significantly reduces administrative burden and maintains consistency across all grants within a plan.\n\nKey Customization Options\n1. Pricing\nSet default strike prices or purchase prices for all grants within a plan\nParticularly useful for warrant, phantom, option, and stock plans\nChanges only affect future grants, not existing ones\n\n2. Vesting Schedules\nConfigure default vesting parameters (duration, frequency, cliff periods)\nExample: 48-month duration with monthly vesting and a 6-month cliff\nCan be overridden on individual grants if needed\n\n3. Document Templates\nAttach grant letter templates to automatically generate documents\nEnable signature request preparation (non-automatic)\nAdd supplementary documents for read-only purposes (policies, terms, conditions)\n\n4. Additional Settings\nRounding options: Choose between down, up, or nearest\nCustom fields: Store plan-specific information (board approval dates, etc.)\nTermination rules: Decide if terminated grants return to the pool\nConversion ratios: Set custom ratios for different share types\n\nBenefits\nSingle Grant Creation\nWhen creating individual grants, all plan-level settings are automatically inherited, including strike prices, templates, and vesting schedules. This eliminates manual data entry and ensures consistency.\nBulk Import Efficiency\nThe same customizations apply when bulk importing grants via Excel. Users only need to specify the plan name in the import file, and Legi automatically applies all plan-level configurations to the imported grants.\nImportant Notes\n\nPlan-level changes are not retroactive and only affect grants created after the changes are made\nSignature requests are prepared but not automatically sent, allowing users to review before sending\nVesting charts can only be previewed at the grant level, not during plan setup"}