Prerequisites

Before you begin to set up your stock purchase plans:

  • Review and decide how your stock administration application integrates with other HCM applications. Specific steps you should take are:

    • Have your benefits administrator establish a stock purchase benefit plan ID. If you offer more than one stock purchase plan, for example a domestic plan and an international plan, define an individual benefit plan for each.

    • Have your benefits administrator establish a stock purchase savings plan.

    • If you use Payroll for North America, have your payroll administrator set up payroll for processing stock purchase contributions by setting up deductions.

  • Define your stock administration business rules, then set up the tables that are common to, and used by, both stock purchase and stock option plans. Specific steps you should take are:

    • Establish the Section 423 rules using the Governing Body Rules - Stock Purchase Rules page.

    • Define Fair Market Values (FMV) using the FMV Method Table page.

    • Set up earning codes using the Stock Details - Stock Purchases page.

    • Set up the stock purchase plans and allocate funds using the Stock Plan Table - General page.

    • Define blackout periods using the Stock Blackout page.

    • Set up the stock exchange using the Stock Exchange Table - General page.

    • Set up the transfer agents and escrow agents using the Transfer/Escrow Agency - General page.

    • Set up the stock brokerages and stock branches using the Brokerage Table page, the Brokerage/Branch Table page, and the Stock Branch Table - General page.

    • Set up process groups to use for background processing with the Process Group page.

    • Set up issuance instructions using the Maintain Issuance Instructions page.

    • Indicate your insiders using the Insider Data page.

    • Specify the daily prices using the Daily Prices Tracking page.

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