Support - Growing your team: How can I terminate an employee?
Updated 20 July 2022
If you wish to terminate a company officer or board member, please visit this article.
If you wish to terminate a contractor or advisor, please visit this article.
Step 1. Go to your Capbase Dashboard > Team > Employees & Contractors > Terminate employee.
Step 2. Select the employee you wish to terminate.
Please note that this action is not reversible. Any unvested shares that have been early exercised will be repurchased upon termination of the Employee's agreement with the company.
If you are unsure what to do here, please consult with your legal counsel.
Step 3. Enter the termination date and specify if you want to send separation papers on a different date.
Step 4. Select whether the employee will be eligible for re-hire.
Step 5. Select whether the employee is a member of, or potentially a member of, any protected employment classes.
Step 6. Enter a final settlement amount.
Step 7. Choose whether or not the employee will be granted accelerated vesting.
Step 8. Review the termination details and sign the generated documents.
The employee will need to sign the paperwork as well. You will find these documents on your Document Room page.
Once all the paperwork is fully executed, the employee will be removed from the Employees & Contractors page.
If you have any questions, feel free to reach out to our support team through live chat or via email at email@example.com.
If you cannot find the answer to your question, you can always contact us.