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Global employee record

A technology for historical records and information records, applied in data processing applications, finance, instruments, etc., to solve problems such as equity and performance compensation plans and complex systems

Inactive Publication Date: 2005-08-10
TRANSCENTIVE INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0008] Equity and performance compensation schemes and systems governing these schemes can also be complex when the company and its employees are located in multiple countries (such as jurisdictions with different tax and / or securities rules)

Method used

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  • Global employee record
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Examples

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Embodiment Construction

[0024] figure 1 Illustrated is a data processing system 10 configured and operative to implement the techniques described herein for storing and managing information in equity and performance compensation plans in accordance with one embodiment of the present invention. System 10 includes a data processor 20 coupled to data storage 50 . Data processor 20 includes an input device 30 and an output device 40 . The input device 30 includes, for example, a keyboard, a mouse, a touch screen, an electronic pen, or other commonly used input devices for inputting information to the data processor 20 . Output device 40 includes, for example, a display device or monitor, printer, or other conventional output device for receiving and displaying information to a user of data processor 20 . In one embodiment, data processor 20 includes, for example, a personal computer, workstation, or portable computing device such as a laptop or tablet computer, a personal digital assistant (PDA), or th...

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Abstract

A system and method are presented for storing and managing information in equity and performance compensation plans. The method includes storing information records (52) including data regarding participants (54) in the compensation plans and their residency history (60) over participant-specified time periods, one or more companies sponsoring one or more compensation plans (56), and jurisdictional (58) requirements and restrictions applicable to participants, companies and compensation plans. The company data (56) includes company-imposed requirements and restrictions (72, 74) of the plan for granting, vesting and exercising options. The jurisdictional data (58) includes a history (62) of one or more jurisdictional requirements over jurisdictionally-specified time periods. In response to a triggering event (116), the method includes retrieving participant (54), compensation (56) and jurisdictional (58) information records corresponding to the trigger, comparing portions of the participant's residency history (60) and the jurisdictional history (62), and satisfying the triggering event by complying with company and jurisdictionally imposed requirements and restrictions in accordance with applicable time periods.

Description

[0001] Cross References to Related Applications [0002] This patent application claims the benefit of U.S. Provisional Patent Application Serial No. 60 / 381502, entitled "System and Method for Storing and Managing Global Employee Records," filed May 17, 2002, and concurrently with Commonly owned U.S. Patent Application Serial No. ____ (Attorney Docket No. 102206-200). The disclosures of these patent documents are hereby incorporated by reference in their entirety as if fully set forth herein. [0003] Copyright statement [0004] Portions of the disclosure of this patent document contain material that is protected by copyright. The copyright owner has no objection to the exact reproduction of the patent document or the patent disclosure, as it appears in the Patent and Trademark Office patent file or records, and all copyrights are reserved in all cases. technical field [0005] The present invention relates generally to computer processing systems for equity and performanc...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q10/00G06Q40/00
CPCG06Q10/10G06Q40/02G06Q40/06
Inventor 窦瑞斯·兰戴塔辛西娅·加弗尼安尼·梅瑟里尤
Owner TRANSCENTIVE INC
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