The Orioles today announced that they have partnered this season with Chick-fil-A on a promotion called âOâs Days at Chick-fil-A.â During the regular season, there will be one date each month when Orioles fans wearing orange clothing or Orioles apparel can visit any participating Baltimore area Chick-fil-A between the hours of 11:00 a.m. and 8:00 ...
In the case of restricted stock, the former date is generally known as the vesting date and is the date when the employee recognizes income for tax purposes (assuming that the restricted stock is not transferable at an earlier date, which is how employers generally structure their restricted stock awards).
Four Years with a One Year Cliff is the typical vesting schedule for startup foundersâ stock. Under this vesting schedule, founders will vest their shares over a total period of four years. The one year cliff means that the founders will not get vested with regards to any shares until the first anniversary of the founders stock issuance. Upon the one-year anniversary, the founders will each vest 25% of their total shares. Vesting will usually occur monthly after the cliff expires. Hereâs what a â4 Years with a One Year Cliffâ vesting schedule looks like in a legal document: