What is Cliff Vesting? Explained Simply

What is cliff vesting, and how does it impact your stock options? Cliff vesting refers to a type of vesting schedule where employees become fully vested in their benefits after a certain period, rather than gradually over time. This period is often referred to as the "cliff period." During this time, employees must remain with the company to receive any benefits. Understanding cliff vesting is crucial for maximizing the value of your stock options and planning for your financial future.