Cliff Vesting

Common stock represents part ownership in an incorporated entity. A company’s common stock can be found under the “stockholders’ equity” section on the company’s balance sheet. Common stock is a US term, in the UK we would say “Share capital”.

A reserved number of shares set aside for future issuance to employees, advisors, and other service providers as part of an equity incentive plan.

SaaS (software as a service) is sometimes called “cloud-based software.” Over the past decade or two, it’s become the default method of software provision.