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Merge pull request clef#88 from jelyman2/patch-2
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minor spelling fix.
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B committed Jan 8, 2016
2 parents 0de5f80 + 78863e7 commit 92ed12e
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2 changes: 1 addition & 1 deletion Employment Policies/Salary and Equity Compensation.md
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Expand Up @@ -39,7 +39,7 @@ Note: The three Clef founders' salaries do not follow this rubric and are all $5

##Equity

Every employee will be offered 41,963 Clef stock options (~.9% of outstanding shares, including the option pool these are drawn from). As mentioned above, they can also choose to reduce their salary by $5k/year in exchange for 4,663 more options (totalling ~1% of outstanding shares).
Every employee will be offered 41,963 Clef stock options (~.9% of outstanding shares, including the option pool these are drawn from). As mentioned above, they can also choose to reduce their salary by $5k/year in exchange for 4,663 more options (totaling ~1% of outstanding shares).

These equity grants are larger than industry standard, but also vest over a longer period of time. Employee equity vests over 6 years with a 1 year cliff (while 4 years with a 1 year cliff is standard).

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