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 ?
This vest made in Rwanda was developed by our technicians and took two years of preparations to bring it on board after discussions with partners,' revealed Iradukunda.
Keen to be distanced from the pro-Brexit protesters, hetold The BBC: "We are absolutely not allowing the far right to take over the yellow vest movement in this country.
Dan Patrick announced in October that he wants Texas to buy rifle-resistant vests for all patrol officers in the state.
Deters said Vest's tools allow advisors to "sell the benefits of options" to clients "rather than selling options." In addition, it also provides advisors "with a sense of the all-in costs" of using options to protect client portfolios.
The "Occasions" campaign for Groupon Grassroots to outfit police K9s with bullet and stab protective vests ran Feb.
Fundraising activities for Nikita's vest included book, candy and bake sales, which raised nearly $1,500.
According to her website, Chow worked in collaboration with Andy Payne and Phil Seaton in the MIT Media Lab to create the puffy black vests.
Adam is currently using the vest for 20 minutes, three times a day.
Even if your dog is fitted with a neoprene vest, it helps to towel dry the dog after every retrieve.
In examining these four texts, Vest identifies four primary themes, which include "politically powerless protagonists/narrators," "politically powerful oligarchies," "reality breakdowns," and "language mediat[ing] the story's political, ideological, and humanist concerns" (57-58).
Gatar said he mistakenly put the 8- 9 kg vest along with other medical waste and it landed up at the Deonar dumping ground.
The cost of the vest depends on which features military officials include in the final design.