Objectives (in some cases also called as Goals) define what do you want to achieve, within a specific time duration. Read more here
Key results are the measurable components that tell you whether an objective is achieved or not. Read more here
Punch in is an action through which an objective or key result makes progress. When there are no key results & contributing objectives for an objective, it can be punched-in directly. Whereas if there are key results and/or contributing objectives the objective's progress is linked with their progress & cannot be independently updated (unless all linkages carry 0 weightage).
Alignment links different objectives with each other. This linking creates a hierarchy. Based on the weightage of these alignments, whether one objective progress has an impact on the other is determined.
Usual alignment flows from top-bottom or bottom-up linking Company, Department, Sub-Department, Team, Individual objectives.
Weightage is a number associated with a link (either key result/objective or an objective/objective). It determines the magnitude of impact the association is going to have on the progress of objective that is at a higher level.
For example, if Objective B is contributing to Objective A and weightage of this alignment is 0 - in that case the progress on Objective B wouldn't impact progress on Objective A.
On reaching due date, objectives & key results become eligible to be graded. Grading gives you the ability to rate efforts on a specific objective/key result. OKR framework suggests that a grade/assessment at the objective level should be an average of grades on all associated key results.
UpRaise allows associating multiple labels against each of the objectives. The purpose of objective labels is to allow classification of objectives into multiple different categories. This lets teams analyze progress and overall effort based on various categories.
For example, stretch & operational labels can help companies categorize objectives according to their nature. Note that one objective can be associated with one or more labels.