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Cliff vesting is another type of vesting in which employees do not receive any partial benefits. They either receive nothing when they quit or everything the employer contributed. The company will set a time limit that must be reached by the employee before becoming fully vested.
Vesting. The attainment of a benefit right by a participant, attributable to employer contributions, that is not contingent upon a participant's continuation in specified employment. See also Contingent Vesting, Deferred Vesting and Immediate Vesting.Previous Search New Term Next.he attainment of a benefit right by a participant, attributable to employer contributions, that is not contingent upon a participant's continuation in specified employment. See also Contingent Vesting, Deferred Vesting and Immediate Vesting.