Full Vesting

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Full Vesting

Describing a stock option or qualified retirement plan to which a person is entitled to the benefits of ownership, even if he/she no longer works at the company providing it. Vesting occurs after an employee has worked at the company for a certain number of years; once a benefit is fully vested, the benefits of the stock option or plan cannot be revoked.
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One-fourth of the shares underlying each employee's option will vest on the one-year anniversary of the Grant Date and thereafter 1/48th of the shares underlying each employee's option will vest monthly, such that the shares underlying the option granted to each employee will be fully vested on the fourth anniversary of the Grant Date, in each case, subject to each such employee's continued employment with Sarepta on such vesting dates.
The stock options are exercisable at a price of $0.135 per share and will vest 25% on the date of grant and thereafter, 25% on each anniversary of the date of grant until fully vested. The options expire on August 26, 2024.
One-fourth of the shares will vest on the one year anniversary of his or her date of hire and thereafter 1/48th of the shares underlying each employee's option will vest monthly, such that the shares underlying the option granted to each employee will be fully vested on the fourth anniversary of his or her date of hire, in each case, subject to each such employee's continued employment with Audentes on such vesting dates.
Saim will be fully vested on the fourth anniversary of their respective dates of grant, subject to the terms of each grant.
Dividend payout increases by length of time with LWCC, with long-term policyholders who have been with LWCC for at least five years being fully vested in the dividend program and earning the highest return, 32 percent of their average premium over the last five years.
Subject to the employee's continued service with the company through the applicable vesting dates, the stock options each have a ten year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's new hire date and 6.25% of the original number of shares vesting at the end of each subsequent three-month period thereafter until fully vested.
The restricted stock will become fully vested upon achievement of certain milestones included in the restricted stock agreement.
Its outstanding stock options will be fully vested upon consummation of the merger, and all outstanding SCB options that are unexercised prior to the closing will be cashed out.
He notes that employer contributions must be fully vested by the date of deposit into the plan.
The stock options are exercisable for a term of ten years at an exercise price of USD0.16 per common share, and vesting will occur over a period of two years, with an initial 25 percent of the stock options vesting on the sixth month immediately after the date of grant, followed by an additional 25 percent of the stock options every six months thereafter until fully vested.
The options are to vest one-third in 12 months and then in additional one-third increments every 12 months thereafter until fully vested. The options are to be exercisable at a price of CDN0.55 per common share and expire after five years and are conditionally granted contingent on Snipp obtaining disinterested shareholder approval of a new fixed stock option plan at the company's next AGM.

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