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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).