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Become applicable or exercisable. A term mainly used on the context of employee stock ownership or option programs. Employees might be given equity in a firm but they must stay with the firm for a number of years before they are entitled to the full equity. This is a vesting provision. It provides incentive for the employee to perform.


The process by which an employee with a qualified retirement plan and/or stock option becomes entitled to the benefits of ownership, even if he/she no longer works at the company providing the retirement plan or stock option. Vesting occurs after an employee has worked at the company for a certain number of years; once vesting occurs, the benefits of the plan or stock option cannot be revoked.


To give immediate rights in property, even if possession or enjoyment will be delayed until later.The question of when property rights vest is critical to future interests, taxation, and creditors' rights.

References in periodicals archive ?
As far as we could figure out, the lunch apparently washed out of the pocket in the back of his fishing vest.
For day trips from a base camp, it's handier to tote a backpacker's fishing rod than a two-piece pole, a fishing vest rather than a tackle box.
FLY-FISHING GUIDE and instructor Dick Galland stuffs the last of the rods, waders, and fishing vests into the back of his van as he ticks off our options: "We can drift nymphs in the Pit River, or we can work the pocket water on upper Burney Creek.
RADIUS' costume designer fashioned gritty soldiers' uniforms from painters' overalls and fishing vests bought at a thrift store.
Other July raids uncovered an additional 34,000 garments, including parkas, ball caps and fishing vests.
Designed by and for avid anglers and outdoor sports enthusiasts, Redington's comprehensive product offering includes outerwear, sportswear, fly fishing vests and accessories.
The lotion, packaged in bright yellow-and-green bottles, will be available to anglers and their families in a handy travel size that fits nicely into tackle boxes, fishing vests and backpacks.