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 ?
Ivory waistcoat with oockets, PS29.99; Bermuda shorts with pockets, 25.99; flat leather sandals, PS89.99, all Zara
While wearing a cummerbund is not obligatory, however, if you intend to wear a tuxedo without the waistcoat it is necessary that you wear a cummerbund.
he was first confronted by ShowSec security staff shortly after arrival for wearing a waistcoat emblazoned with the British flag - because it was not in line with the venue's 'no colours' policy.
Southgate's trademark waistcoat was missing when he appeared on stage to receive his Coach of the Year award earlier in the evening.
Even after that period privileged class used to hire our services for ceremonial dresses especially sherwani and waistcoat,' said Anjum Jalil who owns the shop along with his father Jalil.
Imran Khan reached parliament wearing a white shalwar kameez and had to ask for a waistcoat as a necessity for the photograph.
Usually, MNAs take their official photographs wearing a coat or waistcoat but Mr Khan was dressed in a plain white suit.
Football continues to score in the world of fashion with an iconic waistcoat becoming the latest must wear accessory inspired by England coach Gareth Southgate.
Burgundy waistcoat PS35, Burton Pale pink waistcoat PS19, F&F at Tesco Debonair dusky pink slim plain wool waistcoat was PS140, now PS89, Ted Baker John Lewis Henry linen cotton waistcoat PS59, John Lewis *Prices correct at time of going to print.
High-class Huddersfield tailors Owen Scott has teamed up with Huddersfield Fine Worsteds to create a special waistcoat with the phrase 'It's Coming Home' woven into the pinstripe.