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I did not know that. So the options are either 100% vested at match time (which is what I have now) or a three-year cliff? In that case I suppose you could arg
by jsolson 11y ago
I did not know that. So the options are either 100% vested at match time (which is what I have now) or a three-year cliff?
In that case I suppose you could argue Amazon is just trying for the most liberal interpretation of the law; bully for them. Except of course that the other option was to ditch the cliff entirely and give people their 401k match from the get go.
- giaour 11y agoYeah, they could just vest employer contributions immediately. That's pretty rare in my experience but not w/o precedent. One other option I've seen is incremental vesting of 20% year over year. You only have to vest in three years if you do it all at once; otherwise you can take up to five years.