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Compensation at Justworks

Vesting Schedule

40%

40%

15%

5%

YR 1

YR 2

YR 3

YR 4

30%

30%

30%

10%

YR 1

YR 2

YR 3

YR 4

Stock Type

Options

At Justworks, Options are subject to a 4-year vesting schedule: 5% vests at the end of the 1st year (cliff), 15% in the 2nd year (1.25% every month), then 40% in each of the 3rd and 4th years (3.33% every month). Alternatively, Justworks also has the following 4-year vesting schedule: 10% vests at the end of the 1st year (cliff), then 30% in each of the 2nd, 3rd and 4th years (2.5% every month).

Justworks has two alternative backloaded vesting schedules.

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