Cliff Vesting
A type of vesting that occurs entirely at a specified time rather than gradually.
Until the specified time there is no vesting, at which point the benefit becomes fully vested. For example if an employee contributes to an employer-matched pension plan, the employer's contributions become property of the employee all at once rather than gradually.
Until the specified time there is no vesting, at which point the benefit becomes fully vested. For example if an employee contributes to an employer-matched pension plan, the employer's contributions become property of the employee all at once rather than gradually.
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