As it turns out I did not understand the documenation for
load/upgrade/unload correctly. load/upgrade are called conditionally if
there's code in the VM for the NIF. Ie, no code means load is called,
where as if code exists, upgrade is called.
unload is called regardless once per load/unload. This means that
load/upgrade in Jiffy's case will each create a state object and unload
will free it each time. I was missing the fact that unload is called
every time and hence I don't need to clear the state in upgrade.