2 ms·
I'd say that 4 year vesting with a 1 year cliff is pretty much standard across the valley.
by salsakran 15y ago
I'd say that 4 year vesting with a 1 year cliff is pretty much standard across the valley.
- chollida1 15y agoI've never had such a contract but i'll take your word for it. However, I was referring to when your options expire, which seems more appropriate to the story:)
- salsakran 15y agoIt's not a question of them expiring. It's that the company issuing them had an opportunity to rebuy them at cost. I.e. your vesting schedule is completely meaningless. It's one of those situations where someone uses a word that has a specific set of associations (i.e. "I vest 25%, that means I get them right?") and then attaches terms that make it mean something else entirely ("yes, you get them, but I can take them away at my option without compensating you").
- kevinpet 15y agoAlso: with right of first refusal, not this crazy "we can steal them back at strike price" crap.