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Overview

PlanRules define the stable, legal framework of the ESOP as specified in the plan document. These rules change infrequently and require plan amendments.
See Design Principles for the distinction between PlanRules and OperatingAssumptions.

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Schema

{
  "plan_name": "string",
  "plan_year_end": "MM/DD",
  "vesting_schedule": {
    "type": "graded" | "cliff",
    "schedule": [0, 0, 20, 40, 60, 80, 100]
  },
  "distribution_policy": {
    "timing": "immediate" | "termination_plus_1_year",
    "form": "lump_sum" | "installments"
  },
  "cash_usage_policy": ["source1", "source2", "source3"],
  "diversification_rules": { }
}

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Example

plan_rules = PlanRules(
    plan_name="Acme Corp ESOP",
    plan_year_end="12/31",
    vesting_schedule=VestingSchedule(type="graded"),
    distribution_policy=DistributionPolicy(timing="termination_plus_1_year"),
    cash_usage_policy=["unallocated_company_contributions", "unallocated_forfeiture_cash"]
)