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ABC For Legal And Co-Founder Agreement

Usually applying to vesting schedules, Cliff vesting is when an employee or investor becomes fully vested on a specified date rather than becoming partially vested in increasing amounts over an extended period.

The value of shares issued by a startup (or other company). e.g. she owns 63% of the startup’s equity.

Vesting (Schedule)
The schedule under which founders and employees must remain in the company before receiving their full share of the equity.