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 ?
50, Limited Edition at Marks & Spencer THE OFFICE SMART 3 Swap your blazer for a waistcoat - smarter styles work well in the office.
But I should warn you that 10 minutes into Saturday's edition I crossed my fingers and said: "Maybe they won't stretch this joke about Ricky's waistcoats out for the ENTIRE show.
Despite dating back to the time of the French Revolution, the silk waistcoat, embroidered with flowers, is in remarkable condition.
The design combines our Mk II Police Tactical Waistcoat with a buoyancy floatation collar.
When Sir Thomas won the Derby in 1788 for the Prince of Wales, the silks were described as crimson waistcoat, purple sleeves, black cap.
Waistcoats are also on trend, adding an air of sophistication and style to the dress code, without having to add the dinner jacket to the outfit when heading out.
JALALABAD (PAN): Infuriated national army soldiers opened fire at shopkeepers at a plaza in Jalalabad, centre of eastern Nanagarhar province after a dispute over price of waistcoats,killing three people, officials and witnesses said Monday.
Think Kate Moss in her famous Jaeger star shirt, teamed with fitted waistcoat and tailored trousers.
The gentleman in the white waistcoat asserts himself again: "'I never was more convinced of anything in my life,' said the gentleman in the white waistcoat, as he knocked at the gate and read the bill next morning: 'I never was more convinced of anything in my life, than I am, that that boy will come to be hung'" (12).
It was virtually unintelligible, a drawing room piece in which Riedel in waistcoat, called "Him" in the program, stalks broodily about the stage space, while Mary Ford, as "Her" in long dress, comes and goes, trying to depict a picture of unexplained anxiety and anguish.
In the new millennium with my magical paintbrush I will change this world into a better place, with the magical swirls of Vincent Van Gogh's paintings, In my painting, I have painted myself wearing my country's traditional "Sindhi Topi" and waistcoat.