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 ?
I dug a sandwich out of myown fishing vest and gave it to him, and patted him on the shoulder.
Bring a fishing or hunting license if appropriate.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.
"Done and done," Doc said, opening a bag of mini-Snickers, and stuffing his fishing vest with a handful for the upcoming outing.
The next morning, I began the search, having traded the refrigerator-sized pack for a fishing vest. I'd thought of borrowing a GPS device, but my father the purist would have considered that cheating.
I always carry a well supplied box of caddisfly imitations in my fly fishing vest during trout season.
If you are working or fishing, buy some of the very functional work or fishing vests produced by Stearns, Mustang, or other safety-conscious manufacturers.
The Budweiser site has a chat room and posters of bikini-clad women, which might appeal to adolescents, but it also sells fishing vests and offers an online magazine, The Great Outdoors, with articles on conservation and hunting and shooting safety - not exactly kids' stuff.