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 ?
1 Flame retardant vests have the material chemically treated after being assembled.
whose mission is to provide bullet- and stab-protective vests for law enforcement dogs throughout the U.
Recently, an official K-9 "vesting ceremony" was held at D'Ambrosio Eye Care, in Lancaster, to formally present the vest to Nikita and Worcester County Sheriff Lewis Evangelidis.
It comes as a survey revealed that 40% of universities in Yorkshire now employ security guards who wear stab vests while on duty.
Hospital " mistakenly" dumped Hemant Karkare's bullet- proof vest the night he was killed by terrorists during the 26/ 11 attack.
Instavest would be a boon for wounded soldiers who can get can be immediately treated by Doctors by just releasing the vest with a single and split second action (ballistic vests normally cannot be torn of or cut through and in all cases need to be divested completely before a soldier can be treated).
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.
By comparison, the "flak vest" of Vietnam came in at about 25 pounds, and the original flak vest worn by airmen during World War II weighed around 40 pounds, Air Force Museum officials said.
The report shows that a subsequent mini-study was ordered to verify if the trend against vests was widespread.
Joseph Greene, the 599th safety manager, added that using the vests to counteract heat disorders is part of remaining vigilant to port safety issues for the 599th Team.
The reporting of such events only perpetuated the growing perception that protective vests for police officers and police canines would prove the difference between life and death.