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| Employees Shares Plan Management System (cqESPM) |
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Employees Shares Plan Management System is a web-based system that manages the shares
distributions to the employees. This system incorporates 3 modules, namely Employees Shares Options Scheme (cqESOS),
Employees Shares Ownership Plan (cqESOP) and Employees Shares Purchase Plan (cqESPP)
, to provide companies with a one-stop solution in managing share benefit schemes.
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- Employees Shares Options Scheme (cqESOS)
- Employees Shares Ownership Plan (cqESOP)
- Employees Shares Purchase Plan (cqESPP)
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CqESOS manages the entire stock options process, from the creation of the plan, its announcement, the granting and the exercising of the options.
All employees will be notified at the same time as their Singapore Counterparts regardless of where they are based. They are able to accept
and exercise the options within the time frame stipulated without having to worry about documents not being delivered promptly.
Employees can check the live share price and projected gain if they exercise immediately, and track the live status of
their transactions in the system.
Employees Shares Options Scheme (cqESOS) Overview
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In CqESOP, shares are granted to employees to motivate them. Once the vesting period is over,
shares are credited to the employees’ CDP accounts and the employees can either sell or hold on to the shares.
The company may also choose to grant a cash settlement of an equivalent amount to the employees instead of shares.
Employees Shares Ownership Plan (cqESOP) Overview
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In CqESPP, shares are purchased on a regular basis. There is a cap on the amount of shares an employee can purchase,
e.g 10% of employee’s salary, or $200 per month. This gives employees the flexibility on the number of shares that
they can purchase in different periods, and also convenience as HR can deduct the payment of employees’ purchase
through their salary.
Employees Shares Purchase Plan (cqESPP) Overview
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- The 3 shared-based systems can be installed and operated independently
- Reduce administration effort, and ease status tracking , with auto-reporting
- Integrated modules with Share Registrar, Trustee, Broker, and Dealer
- Providing self-service to employees on a 24x7 basis
- Reduce manual computation of shares distribution and minimizing human error
- Auto-monitoring and reminder when plan vesting period is approaching or expiring
- The system owner (HR/Legal/Finance/Trustee) will know the Big Picture with real-time information:
- The total no. of shares issued and issuable to employees
- The no. of employees who have accepted, rejected or pending before due date of a shares plan, and the
associated no. of shares
- The increase in share capital due to share-based incentive schemes
- The total no. of shares pending approval/waiting for payment
- Every stage of the process flow to minimize delays as work-flow management exists in the system
- Allow acceleration on the conversion of shares under exceptional circumstances
- Alerted to take appropriate action for staff who is no longer with the firm
- Blackout periods will be strictly enforced by the system
- Paperless transactions unless reports need to be printed
- IR8B and forms for SGX & CDP are automatically generated
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