Cake runs a structured offboarding workflow the moment a stakeholder's exit date is set. Equity admins set an employee's departure date and the platform applies the company's lapse rules across all of that person's grants simultaneously, then sends the departing employee an automatic reminder to exercise before their window closes. All unvested options automatically lapse and return to the pool as of the off-boarding date.
Offboarding starts with a single action: selecting the departing stakeholder and setting their exit date inside the option plan. From there, Cake applies the lapse rules the company has already set across all of that person's grants at once, rather than someone working through each grant individually.
A mid-level employee who leaves after two years typically has a meaningful chunk of vested options. Instead of a founder or HR lead manually pulling the grant history to calculate what's vested and remembering to notify the employee, Cake sends the exercise reminder automatically the moment the off-boarding date is set, while the unvested portion lapses and returns to the option pool.
That automatic reminder matters more than it sounds. A missed exercise window is one of the more common sources of disputes after someone leaves. Read more about offboarding a stakeholder.
Offboard without the manual math
Setting an exit date applies the company's lapse rules across all of a departing employee's grants and triggers an exercise reminder automatically. With Cake, you can:
- Set a departing stakeholder's exit date in one action
- Apply lapse rules across all their grants simultaneously, not grant by grant
- Send the departing employee an automatic reminder to exercise
- Have unvested options automatically return to the pool as of the off-boarding date
See how Cake's stock options tools work.
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