Press Release - EASi offers expanded support for Performance-based plans

PLEASANTON, Calif., Dec. 2 CA-Equity-Admin-Sol-I


PLEASANTON, Calif., Dec. 2 /PRNewswire/ -- Equity Administration
Solutions, Inc. (EASi), the leading independent stock plan management software
company, today announced it has expanded its support for Performance Awards.


"At a time when most firms are cutting back on R&D and software
development, EASi continues to invest in product development and is committed
to being the industry leader in FAS123R, IFRS 2, and Performance Awards," said
Mark Ebersole, Chief Technology Officer for EASi.


With its November software release, EASi now provides the accounting and
administration support for awards where greater or less than 100% of the
target granted shares can be earned.  EASi supports both the auditable
addition of incremental shares to the original target grant when earning is
greater than 100% and the automated cancellation of shares when target
performance goals are not met.


"In response to Pay for Performance compensation trends, EASi continues to
enhance its support for Performance Awards," explains Denise Vitale, Vice
President of Product Development for EASi.  EASi supports cliff-vested
performance awards using a multiplier model and having an underlying base of a
restricted award.  The new PSA grant type is the performance equivalent of an
RSA and the PSU is the performance equivalent of an RSU.


Under a multiplier model, a target number of shares is designated with an
earning potential ranging from zero to a specified amount above 100%.  EASi
makes it possible to enter the target number of shares for each grant.  EASi
supports three possible outcomes for total shares earned including target with
earnings at 100%, target plus Incremental with earning at greater than 100%
and target minus cancelled with earning at less than 100%.


EASi plans to continue adding performance award functionality.  According
to Mark Ebersole, "Our customers appreciate the convenience of using our
software to process the accounting and administration for their incentive
stock awards.  We are currently looking at expanding the product to support a
banking model with multiple performance goal measurement periods and will
eventually support all the major models in the industry including performance
stock options."



Equity Administration Solutions, Inc. sells industrial strength stock plan
management software designed to handle the accounting, tax and administration
needs of companies that grant equity awards.  Headquartered in Pleasanton, CA,
EASi is setting the new standard by delivering the most complete FAS123R
solution available; addressing valuation, expensing, corporate tax, dilution
and disclosure.

 Contact: Amy Damianakes
  EASi
  amy@damianakes.com
  (925) 937-4561




SOURCE  Equity Administration Solutions, Inc.