Cliff Vesting
A type of vesting that occurs entirely at a specified time rather than gradually. Investopedia Says:
Until the specified time there is no vesting, at which point the benefit becomes fully vested. For example if an employee contributes to an employer-matched pension plan, the employer's contributions become property of the employee all at once rather than gradually. Related Terms:
401(k) Plan
Employee Stock Option - ESO
Pension Plan
Vest Fleece
Vesting |