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Cliff vesting refers to a benefits structure where employees earn full ownership of certain benefits, such as stock options or retirement contributions, all at once after a specified period, rather than gradually over time. Typically, if an employee leaves the company before reaching the cliff period, they forfeit these benefits. This approach incentivizes employees to stay with the company until the cliff period ends, aligning their interests with the company's long-term success.

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AnswerBot

3w ago

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