Udaan extends ESOPs to all staff, removes 1-year cliff clause for vesting

All future ESOP allocations at the B2B e-commerce start-up Udaan, will vest every quarter. The one year cliff period is a widely prevalent industry practice for employees' ESOPs to start vesting.

Udaan
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Deepsekhar Choudhury Bengaluru
B2B e-commerce start-up Udaan has announced that employee stock option plans (ESOPs) will be extended to all its employees and the ‘cliff’ vesting clause of ESOPs will be removed.

All future ESOP allocations at Udaan will vest every quarter. The one year ‘cliff’ period is a widely prevalent industry practice that requires employees to wait for one year for their ESOPs to start vesting. Udaan has done away with this waiting period.

As a part of the revamp, the company also announced that every employee at Udaan, regardless of their tenure or job profile will be allotted ESOPs under their

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First Published: Feb 16 2022 | 11:50 AM IST

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