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

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

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.

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 ?
There are two kinds of such vests: The first one is powered by solar energy and the second one is powered by electricity.
Crowds wearing yellow vests marched from outside the BBC's Broadcasting House on Saturday to a rally in Trafalgar Square, where they were addressed by politicians, political activists and trade unionists.
Initial testing revealed substantial drops in the number of workers with high blood pressure while workers' average body temperatures also dropped while wearing the vests.
Phil King, R-Weatherford, said the bill is a response to the Dallas ambush, in which the perpetrator used a rifle, a weapon many law enforcement agencies' traditional vests can't properly withstand.
Browning also has a new shooting vest contoured for women.
The system is comprised of an inflatable vest attached to a compressor unit, which delivers air pulses that "thump" the chest and loosen and clear mucus.
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.
Except for maybe buck hunters or glee club front-persons, wearing a vest endures as one of the most intimidating style gambles there is.
The vests let hugs "be given via Facebook, bringing us closer together despite physical distance," Chow said in a post.
OUT of hours university security staff are wearing stab vests, it has been revealed.