Description
Apply a supplied continuous linear vesting schedule with cliff catch-up and a full-vesting cap.
Equity percentages depend on the share base, issuance timing and security terms. A primary investment, option-pool expansion, vesting rule and liquidation preference change different parts of ownership or payout arithmetic; a local formula does not establish legal rights.
Apply a supplied continuous linear vesting schedule with cliff catch-up and a full-vesting cap.
When to use this tool
Use Founder Vesting Cliff Share when checking one explicit equity, vesting or payout convention.
How to use the tool and how it works
- Enter elapsed, cliff, totalDuration, totalShares. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read vestedShare, vestedShares. Use the output convention below.
Require positive totalDuration, nonnegative elapsed, cliff <= totalDuration and totalShares. Before cliff return vestedShare = 0; at and after cliff return min(elapsed/totalDuration,1). vestedShares = totalShares*vestedShare.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| elapsed | Elapsed | Required. Finite number; minimum 0. |
| cliff | Cliff | Required. Finite number; minimum 0. |
| totalDuration | Total Duration | Required. Finite number; strictly above 0. |
| totalShares | Total Shares | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| vestedShare | Vested Share | Required. Finite number. |
| vestedShares | Vested Shares | Required. Finite number. |
{
"input": {
"elapsed": 12,
"cliff": 12,
"totalDuration": 48,
"totalShares": 400
},
"output": {
"vestedShare": 0.25,
"vestedShares": 100
}
}Limitations and assumptions
- All times share one elapsed-time basis. This assumes catch-up linear vesting at the cliff, permits fractional shares and does not establish contractual vesting rights.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Reconcile the complete capitalization table and relevant agreements before using a local share or payout term in a financing decision.
References
Similar or alternative tools
- Founder Repurchase Right Expired Share Term
Reconcile supplied founder shares into those still subject to repurchase and retained shares no longer subject to it.
- Funding Round Ownership Factor
Calculate post-money value and old/new ownership fractions for a simple primary equity investment.