Nice, when we started playing with some financial engineering we also noticed that vesting could be any unit of time.

So we did grants with super low cost basis (it was very early there was nobody else to placate), and the recipients did 83(b) elections to recognize the income at the low cost basis, so when they exercised at fair market value soon after it wouldnt be income at that point in time, only capital gains when they sale (which is offsettable much more easily than income, or gets a lower tax rate if you hold it ling enough anyway). This just nullifies a big income tax bill.

Fun game, if you know what you’re doing. Expensive annoying game if you dont.