3 ms·
a standard vesting schedules is 4 years with a one year cliff. That means that after one year the person will have vested options worth 10% of the company. they
by mijoharas 6y ago
a standard vesting schedules is 4 years with a one year cliff.
That means that after one year the person will have vested options worth 10% of the company. they will then accrue more options every month until they've fully vested their 40%.
That doesn't mean they'll only get 40% after 4 years.
- jacquesm 6y agoAnd typically when you are terminated without cause a good vesting contract will foresee in that and trigger the 'accelerated vesting' portion of the contract. Ditto with an early sale and possibly other trigger conditions.