vest


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Vest

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.

Vesting

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.

vest

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 ?
Since its inception in 1983, HD Vest Financial Services[sup.
Both pockets will be on the outside of the vest; one pocket located on each side of the vest.
Chapter Two Global Bulletproof Vest Market Status Analysis
Under the law, the police should have immediately filed an FIR about the missing vest, but they didn't do that.
Although there are some other quick release ballistic vests available in the market - all have cumbersome systems to jettison the vest of the users body, once taken off, it is a very cumbersome process to reassemble the jacket back again due to the various wire systems used in the vests, it takes a lot of training and time for a soldier to put it back again and then also chances are that a normal soldier would not be able to put reassemble it a manner which will ensure a safe jettison in the eventuality of an emergency", said Manish Khandelwal, the Business Manager - Personal Protection, MKU.
From luxury neutrals, to stylish or neon brights, plain, bold or pastel cotton vests sufficiently versatile to fit in with any of this trends.
Noting growth in the number of string vest 'adherents' in the summer months in Britain, the report's authors set out to fathom the 'indefiniteness of its function'.
Other advantages of the vest are that it weighs less than five pounds and it lasts up to two and one-half hours in a 100 degree environment," said Parker.
Born in Vienna, Austria, Vest spent his early childhood and training in Colorado before moving to New York City in 1968 to dance with American Ballet Theatre, where Alvin Alley and Eliot Feld, among others, set roles on hint in The River and Theatre, respectively.
Further, the additional weight and bulkiness of the vest may reduce the speed and maneuverability of the canine, while offering the suspect the ability to use the vest as a gripping point during a physical confrontation.
Assume Tom exercises the options this year when the stock is worth $50, but the stock is restricted until he fully vests by completing another year of employment.