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 ?
Certainly, it is impossible to imagine macho-man Whitby wearing a string vest.
He thanked volunteers for their efforts and signed photographs, after staff looked through the stock to give him a new string vest.
If tests conducted by the War Office in Egypt are any guide, the humble string vest - particularly the loose-knit Sherpa version - may well be the greatest boon to mankind since the invention of air conditioning.
Noting growth in the number of string vest 'adherents' in the summer months in Britain, the report's authors set out to fathom the 'indefiniteness of its function'.
Whether it's Dr Who's Tardis, Rab C Nesbitt's string vest or David Brent rotating in his swivel chair while sharing his wisdom with the world, the paraphernalia of these hit shows could now become marketable commodities.
He is forced to strip down to a string vest while his clothes go in the wash - revealing some fetching tattoos.
Lo at House of Fraser; legwarmers, pounds 18, Peekaboo at Topshop; sandals, pounds 49, Zara (020 7534 9500); string vest worn under jumpsuit, pounds 16, Therapy at House of Fraser; visor, pounds 12, Kangol (www.
This page Bra, pounds 7, Etam; string vest, pounds 25, Morgan; skirt, pounds 19.
Jessie J flashed the flesh as she performed in what appeared to be a designer string vest and a pair of white knickers.
After meeting his double, Ricky had his Llandudno audience in stitches, donning Jim Royle's string vest for the first half of the show and appearing as himself in the second, answering questions from the audience on his life and career.
Two male lackeys stepped in to tease the star's nipples so they protruded through her string vest on her recent Los Angeles video shoot.
No matter what else she wears, GWEN STEFANI's mum never lets her leave the house without her string vest on in case she catches cold.