Cliff vesting is a common concept in the world of employee benefits and compensation, particularly in the context of stock options, retirement plans, and other long-term incentive programmes. It ...
I have a retirement plan with an employer match, but it takes 5 years of working at the company before the employer contributions vest. What happens to that money if I don’t reach the 5 years? How ...
Following a ruling earlier this year by the Regional Labor Court of Munich on the validity of negative vesting clauses (more on this in one of our last Legal Ninja Snapshot), another ruling by a ...
If you have a 401(k) account that offers an employer match, you may have to stay at the job for a certain length of time before those contributions become yours. That’s called vesting and it’s ...