How are vesting schedules established?
Vesting schedules are established by the board of directors. The board sets vesting schedules either when it approves the stock plan or whenever an option is granted.
If it's approved in advance, the schedule is usually set forth in the plan document. If it's determined at grant, the schedule will be in the grant agreement.
See a related FAQ on the key stock plan documents you want to review for your grant details and rules.