What are the different types of vesting schedules?
An example of an AI chatbot conversation about types of vesting schedules.
What are the different types of vesting schedules?
There are several types of vesting schedules, including cliff vesting, graded vesting, and immediate vesting. Would you like to know more about each type?
Yes, please explain cliff vesting.
Cliff vesting means that employees receive 100% of their benefits after a specific period, usually 3-5 years, without any partial vesting.
What about graded vesting?
Graded vesting allows employees to earn their benefits gradually over time, typically in increments, such as 20% per year over five years.
And what is immediate vesting?
Immediate vesting means that employees have full ownership of their benefits as soon as they are granted, with no waiting period.
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