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 ?
Jackson County Sheriffs Office K9 officer, Gunner, has received a bullet and stab protective vest thanks to a charitable donation from non-profit organization Vested Interest in K9s, Inc.
Terry Canales, D-Edinburg, acknowledged that but said even those traditional bulletproof vests are running short in local communities.
1 Flame retardant vests have the material chemically treated after being assembled.
New K9 graduates as well as K9s with expired vests are eligible to participate.
Recently, an official K-9 "vesting ceremony" was held at D'Ambrosio Eye Care, in Lancaster, to formally present the vest to Nikita and Worcester County Sheriff Lewis Evangelidis.
It comes as a survey revealed that 40% of universities in Yorkshire now employ security guards who wear stab vests while on duty.
Hospital " mistakenly" dumped Hemant Karkare's bullet- proof vest the night he was killed by terrorists during the 26/ 11 attack.
Instavest would be a boon for wounded soldiers who can get can be immediately treated by Doctors by just releasing the vest with a single and split second action (ballistic vests normally cannot be torn of or cut through and in all cases need to be divested completely before a soldier can be treated).
From luxury neutrals, to stylish or neon brights, plain, bold or pastel cotton vests sufficiently versatile to fit in with any of this trends.
David Cannan, a former dog handler, said the department experimented with vests in the late 1980s, but they were abandoned because they proved cumbersome.
The Interceptor armor--the vest and SAPI plates, along with neck and groin protection--weigh in at about 16 pounds.
While coming down firmly in favour of the Sherpa vest, the real surprise for the authors came in the finding that more than 60 per cent of participants did not usually wear vests at all.