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 ?
As far as we could figure out, the lunch apparently washed out of the pocket in the back of his fishing vest.
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.
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.
This can be a regular PFD or one of the inflatable fishing vests, suspenders,or packs sold by Orvis, Stearns, among others.
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.
FLY-FISHING GUIDE and instructor Dick Galland stuffs the last of the rods, waders, and fishing vests into the back of his van as he ticks off our options: "We can drift nymphs in the Pit River, or we can work the pocket water on upper Burney Creek.
RADIUS' costume designer fashioned gritty soldiers' uniforms from painters' overalls and fishing vests bought at a thrift store.
Designed by and for avid anglers and outdoor sports enthusiasts, Redington's comprehensive product offering includes outerwear, sportswear, fly fishing vests and accessories.