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 ?
CBOE's investment in Vest was funded with existing cash.
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.
David Cannan, a former dog handler, said the department experimented with vests in the late 1980s, but they were abandoned because they proved cumbersome.
Store the vest as flat as possible to keep the materials from bunching.
A check of the books revealed that 8,000 of the vests did not go through inspection, Spoehr said.
If an employee leaves the company after options vest but does not exercise them, the company cancels the options.
With temperatures soaring to 98F (36C), soldiers were ordered to try out different models of vest under their bush jackets and rate them to get to the bottom of the vexing question: whether string vests had any 'definite advantage' as a summer garment.
To help combat the heat faced by Deployment and Distribution Support Teams serving in these areas, the 599th Transportation Group is testing an innovative safety vest created by GlacierTek, a West Melbourne, Fla.
ONE OF THE MOST USEFUL ADJUNCTS WHEN CARRYING A CONCEALED FIREARM LARGER THAN A POCKET REVOLVER OR POCKET PISTOL IS A VEST DESIGNED TO COVER THE HANDGUN OR, IN SOME CASES, TO ACTUALLY CARRY THE WEAPON.
Via message coordinated between Commander Fleet Forces Command (CFFC) N7/N9 and Commander Naval Sea Systems Command (NAVSEASYSCOM) N4 the LBT 1620 G/R floatation tactical vest IAW message COMFLTFORCOM 251951Z FEB 03 (NOTAL) requests NAVSEA direct Naval Sea Logistics Center (NAVSEALOGCEN) to remove the tactical vest load (NICN 1HS 0000-ll-CQA-6963 and NSNS 1HS 1005-01-474-5157 and 1HS 100501-4745159) on the physical security AEL 2-320024503, columns six (6) and seven (7) for all submarines.