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Vesting is usually quarterly. If someone gets fired at 4 years minus a day, that's still 15 quarters. An equity "cliff" that is more than 6 months is an unfair
by michaelochurch 15y ago
Vesting is usually quarterly. If someone gets fired at 4 years minus a day, that's still 15 quarters.
An equity "cliff" that is more than 6 months is an unfair and unreasonable term.
- kelnos 15y agoAre you talking in general, or for very early employees? My understanding is that a 1-year cliff is standard (with monthly vesting after that). That's what everyone (including employee #1) got at a startup I worked for. (Of course I'd never consider that company a good example to follow wrt to treating employees with respect.) If it's customary at least for early employees to get better terms, that'd be (awesome) news to me.