How to Fix a Mistake in a Signed Award

Mistakes happen! If an award has already been signed but contains incorrect information, you'll need to correct it by following these two steps:

1. Terminate the incorrect award.
2. Create a new award with the correct details.

If an award contains inaccurate details regarding the number of assets, initial value, or vesting terms, cancellation is required before issuing a corrected version.

Step 1: Terminate the incorrect award

• Open the award detail page for the incorrect award.
• Click the "…" menu in the top-right corner and select "Terminate Award."
• Review the draft termination (like other processes in ELP).
• Check for any generated termination document template.
• Publish the termination process.
• Complete the signing process if required.
• Confirm the award is terminated; associated assets become available for reallocation.

Step 2: Create a new award with the correct details

• Access the Awards section.
• Click "Create New Award."
• Enter accurate details for number of assets, initial value, and vesting schedule.
• Generate and review documents if applicable.
• Publish and complete the signing process.

The fixed award is now active and correctly issued.

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