vesting


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Related to vesting: Vesting schedule

vest

 (vĕst)
n.
1. A sleeveless garment, often having buttons down the front, worn usually over a shirt or blouse and sometimes as part of a three-piece suit.
2. A waist-length, sleeveless garment worn for protection: a warm down vest; a bulletproof vest.
3. A fabric trim worn to fill in the neckline of a woman's garment; a vestee.
4. Chiefly British An undershirt.
5. Obsolete An ecclesiastical vestment.
v. vest·ed, vest·ing, vests
v.tr.
1. To place (authority, property, or rights, for example) in the control of a person or group, especially to give someone an immediate right to present or future possession or enjoyment of (an estate, for example). Used with in: vested his estate in his daughter.
2. To invest or endow (a person or group) with something, such as power or rights. Used with with: vested the council with broad powers; vests its employees with full pension rights after five years of service.
3. To clothe or robe, as in ecclesiastical vestments.
v.intr.
1. To become legally vested: stock options that vest after the second year of employment.
2. To dress oneself, especially in ecclesiastical vestments.

[French veste, robe, from Italian vesta, from Latin vestis, garment; see wes- in Indo-European roots.]

vesting

(ˈvɛstɪŋ)
n
(Law) law the act of conferring a right upon (someone) which is immediately secured

vest•ing

(ˈvɛs tɪŋ)

n.
the granting to an employee of the right to pension benefits despite retirement before the usual time or age.
[1940–45]
References in classic literature ?
They are only declaratory of a truth which would have resulted by necessary and unavoidable implication from the very act of constituting a federal government, and vesting it with certain specified powers.
In conjunction, the company's stock options vest over four years, with 25% of the shares vesting on 6 September 2017 for Couturier and 25% of the shares vesting on 22 August 2017 for Long and another 6.
The new stock option awards will vest over a period of four years, with 25 percent of the option vesting after one year and the remainder vesting in equal monthly installments for 36 months thereafter, subject to the grantee's continued employment with Millennial Media on the applicable vesting date.
Kesko Corporation's Board has decided the target group for the 2013 vesting period under Kesko's three-year share-based compensation plan to consist of some 150 Kesko management employees and other named key persons, the vesting criteria for the vesting period, and the maximum share award amount of each target group member.
In some places, though, the vesting of laypeople is par for the liturgical course.
These include cases in which employees forfeit an option before it is vested, the company cancels an option after vesting or an option expires unexercised, typically because it is underwater.
Section 409A imposes stringent requirements on unfunded arrangements as the price of permitting continued deferral under the constructive receipt rules; otherwise they will be taxed like funded arrangements, that is to say, upon vesting, and subjected to hefty penalties.
These decisions can be postponed somewhat if vesting is not immediate (discussed below).
Most valuation techniques consider six standard inputs: current stock price, exercise price, option duration, risk-free interest rate, dividend yield and volatility These options are completely transferable, do not have vesting requirements and are not forfeitable.
Tom expects the stock to be worth $70 at the end of his vesting year.
Proposals that must be approved by the City Council will include changing the current vesting procedure from borough-wide actions to tax class actions, and doing away with the current 20-month discretionary redemption period, giving owners merely four months before such vesting is final.
Since the enactment of ERISA in 1974 vesting status is attained sooner for most workers and is more easily obtained for mobile workers