Overview
At various stages of the bonus lifecycle on Keep, there are different statuses that are shown on the Employees menu to administrators. This article describes the various bonus statuses within the Keep platform.
Bonus Statuses
Draft
This is the status of the bonus when an administrator creates a bonus but has not yet sent the bonus invitation to the employee.
Pending
Once the bonus invitation has been sent over to the employee but they are still reviewing it and haven't signed. In this state, the administrator can choose to send the bonus over to the employee again by clicking on send bonus invitation.
Accepted
The employee has accepted the bonus but the loan attached to the bonus has not yet been approved by Keep. Keep will evaluate the employee status and complete any regulatory checks before approving the loan.
Active
This state is when Keep has approved the loan for the Keep Bonus and the employee can withdraw the bonus amount.
Vested
The bonus state is vested when all the vesting milestones are completed and the employee has fully earned their bonus amount.
Voided
When an employee bonus has been sent but is subsequently canceled or declined by the employee, it is moved to a Voided state.
Please sign in to leave a comment.
Articles in this section
- Verifying a bank account using Micro-Deposits
- Bonus statuses on Keep
- How are collections handled?
- How can I educate my employees and potential hires on how Keep works?
- What happens in the event of death/disability of an employee that receives a Keep Bonus?
- How do Keep Vesting Cash Plans impact my financial statements?
- How are taxes handled on a Vesting Cash Bonus?
- How are the vesting milestones tracked?
- How long does it take Keep to process payments to the employees?
- How do I fund my Keep Vesting Cash Plans?