5 ms·
Monthly vesting without a year one cliff is not really done, AFAIK. I also don't think that there is a lot of wiggle room for negotiated severance terms. But si
by jameslevy 6y ago
Monthly vesting without a year one cliff is not really done, AFAIK. I also don't think that there is a lot of wiggle room for negotiated severance terms. But sign on bonuses and 200k base pay could certainly be on the table.
- mav3rick 6y agoIt happens at both F & G in FAANG.
- monktastic1 6y agoMonthly vesting in the first year?
- Domenic_S 6y agoCan confirm that at G.
- chapplap 6y agoMonthly at Google, quarterly at Facebook.
- Zhenya 6y agoThe vest frequency depends on the size of the grant. Some grants (small) once a year Bigger - quarterly Large - monthly
- freepor 6y agoThe only point of the one year cliff is to pay someone less, or keep a startup’s cap table clean. For a public company there would be no point.
- eru 6y agoThe other point is to bind people to the company. It's very similar to a sign-on bonus you can claw back in the first year or two.
- seangrogg 6y agoYep. That's what I had at Google. Was selling shares as soon as I acquired them (no issue with GOOG but I preferred more diversification). I recall there being some admin time needed (~2-3 months?) before I had access to said shares but as soon as I did all 2-3 months worth were "vested" and I started cashing out.
- mav3rick 6y agoLooks like finally a comment thread where there are no pitch forks against G. Still waiting for someone to concoct a reason as to why this maybe bad for employees :D Also it's quarterly at FB.
- eru 6y agoI had a first year cliff at Google a few years ago. But they might have changed that. Facebook definitely doesn't have a cliff in 2020.
- pedrosorio 6y agoSnap does monthly no cliff as well.
- deleted 6y ago[deleted]