What Happens to ICP Transactions When Using “Default Action Date to Next Payroll Period Start Date”

Summary:

Hello Experts, I am using the seeded ICP template “Default Action Date to Next Payroll Period Start Date.” It correctly defaults the action date to the next payroll period start date, but I need to understand what happens if the manager does not approve or reject the ICP transaction before that date arrives.

Content (please ensure you mask any confidential information):

We are using the delivered ICP template “Default Action Date to Next Payroll Period Start Date.” When an HR initiates an Individual Compensation transaction, the system automatically sets the Action Date to the start date of the next payroll period