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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
This will depend on the version and how many undershirts you decide to get with the device.
The undershirts were then turned over to the respective city directors and provincial directors of the different provinces in the region.
The undershirt had it caked on and was walking around, constantly moving.
They viewed the sleeveless undershirt as a working-class garment, and someone -- or a whole bunch of people -- gave it this racialised label as a way to "otherise" Italian immigrants, who were often poor and did manual labour.
However, you better believe that each jumpsuit hid beneath its cloth an undershirt, which usually would be uncovered in times of climatic necessity or on work breaks.
Eventually, as it got hotter and hotter in the smoky, perfumed stage, Boyd eventually let go of his black undershirt and gave concert-goers more than what their money is worth, as he finally let go of his undershirt to show his world-famous six-pack abs and tattoos.
"All these equipment, including light transport vehicles, submachine guns, anti-riot shields, helmets and body armors, and undershirt vests were acquired to ensure the safety of our personnel when conducting police operations by enhancing their survivability in armed confrontation with law offenders."
A photo was passed around social media sites of Egyptian superstar Amr Diab wearing only his underwear and undershirt. The photo revealing a whitey tightey Amr getting his head and beard shaved solved the ever aged question of what Amr wears when he's at the barber shop.
Temperatures had dropped to 23 degrees, and William was wearing only a thermal undershirt and was ripping up his only other shirt to wrap around his feet as socks.
Hook yourself a fishing hat, undershirt from BD24.700 down to BD17.500.
The incident is reminiscent of when prominent footballer Mohamed Abu Trika flashed an undershirt with the text "Sympathize with Gaza" written on it after he scored a goal against Sudan in the 2008 African Cup of Nations amid the January 2008 conflict between Gaza's Hamas and the Israeli Defense Force.
Murray wore a tight undershirt yesterday, which might have been a sign that he is having to nurse his back more now than earlier in the tournament, but he again denied it is a problem.