VestingPeriodInMonths

Type - Vesting Period in Months#

https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/vesting/VestingPeriodInMonths.schema.json

Describes a period of time expressed in months (e.g. 3 months) for use in Vesting Terms.

Data Type: OCF TYPE

Properties:

Property	Type	Description	Required
length	`INTEGER`	The quantity of `type` units of time; e.g. for 3 months, this would be `3`; for 30 days, this would be `30`	`REQUIRED`
type	Constant: `MONTHS`	Scalar Constant	`REQUIRED`
occurrences	`INTEGER`	The number of times this vesting period triggers. If vesting occurs monthly for 36 months, for example, this would be `36`	`REQUIRED`
day_of_month	`Enum - Vesting Day of Month` Description: Enumeration representing a vesting "day of month". Since not all months have 29, 30, or 31 days, this enum requires those values to also specify an overflow behavior. - `01` - `28` : Day 1, 2... 28 of the month; e.g. `03` means vesting occurs on the 3rd of the month. - `29_OR_LAST_DAY_OF_MONTH` - `31_OR_LAST_DAY_OF_MONTH` : Day 29, 30, or 31 of the month, defaulting to the last day of the month for shorter months; e.g. `31_OR_LAST_DAY_OF_MONTH` means monthly vesting occurs on Jan 31, Feb 28/29, Mar 31, Apr 30, etc. - `VESTING_START_DAY_OR_LAST_DAY_OF_MONTH` vests on the same day of month as the day of the `VESTING_START` condition; e.g. if vesting commences on Jan 15 then any vesting will accrue on the 15th of future vesting months. If vesting commencement occurs on days 29-31, this has the same behavior as the other `_LAST_DAY_OF_MONTH` values. ONE OF:* • 01 • 02 • 03 • 04 • 05 • 06 • 07 • 08 • 09 • 10 • 11 • 12 • 13 • 14 • 15 • 16 • 17 • 18 • 19 • 20 • 21 • 22 • 23 • 24 • 25 • 26 • 27 • 28 • 29_OR_LAST_DAY_OF_MONTH • 30_OR_LAST_DAY_OF_MONTH • 31_OR_LAST_DAY_OF_MONTH • VESTING_START_DAY_OR_LAST_DAY_OF_MONTH	The calendar day of a month to award vesting.	`REQUIRED`

Source Code: schema/types/vesting/VestingPeriodInMonths