What is cliff vesting?
An example of an AI chatbot conversation about cliff vesting in employee benefits.
Can you explain what cliff vesting is?
Sure! Cliff vesting is a type of vesting schedule where employees gain full ownership of their benefits after a specific period.
How long is the typical cliff period?
Typically, a cliff period lasts for one to four years, depending on the company's policy.
What happens if I leave the company before the cliff period ends?
If you leave before the cliff period ends, you usually forfeit any unvested benefits.
Are there any advantages to cliff vesting?
Yes, it encourages employee retention, as employees must stay for a certain period to receive their benefits.
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