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invest in four oneyear Cliffs I can buy 25% of my shares under my option the first year 50 the second Etc with Founders we usually do something that we
call reverse vesting so you buy all of your stock on day one and the company has a right to repurchase it which lapses over time it's really the same
concept your right to keep that stock grows over time just like your right to exercise the option grows over time but you're actually buying the stock on day
Listen to native speakers pronounce “lapses” as a verb in real conversational contexts with synchronized timestamps and subtitles.