video1.0<iframe src="https://www.loom.com/embed/28c7af5bb9c9422eb473728cf6d404fa" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/28c7af5bb9c9422eb473728cf6d404fa-0d64b64aad09d607-full.jpg523.9343This 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. Key Customization Options 1. Pricing Set default strike prices or purchase prices for all grants within a plan Particularly useful for warrant, phantom, option, and stock plans Changes only affect future grants, not existing ones 2. Vesting Schedules Configure default vesting parameters (duration, frequency, cliff periods) Example: 48-month duration with monthly vesting and a 6-month cliff Can be overridden on individual grants if needed 3. Document Templates Attach grant letter templates to automatically generate documents Enable signature request preparation (non-automatic) Add supplementary documents for read-only purposes (policies, terms, conditions) 4. Additional Settings Rounding options: Choose between down, up, or nearest Custom fields: Store plan-specific information (board approval dates, etc.) Termination rules: Decide if terminated grants return to the pool Conversion ratios: Set custom ratios for different share types Benefits Single Grant Creation When 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. Bulk Import Efficiency The 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. Important Notes Plan-level changes are not retroactive and only affect grants created after the changes are made Signature requests are prepared but not automatically sent, allowing users to review before sending Vesting charts can only be previewed at the grant level, not during plan setup