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Compensation at REEF

Vesting Schedule

20%

20%

20%

20%

20%

YR 1

YR 2

YR 3

YR 4

YR 5

Stock Type

Options

At REEF, Options are subject to a 5-year vesting schedule: 20% vests at the end of the 1st year (cliff), then 20% in each of the 2nd, 3rd, 4th and 5th years (1.67% every month).