word
Cliff Period
klif PEER-ee-ud
/klɪf ˈpɪəriəd/Listen
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Syllable breakdown
cliffperiod
Dictionary meaning
The initial period — typically one year — before any equity vesting begins; if an employee leaves before the cliff, they receive nothing
Examples
- The engineer quit at 11 months, before his one-year cliff, losing all unvested shares.
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