A term mainly used on the context of employee stock ownership or option programs An employee might be given equity in a firm but must stay associated with the firm for a number of years before they are entitled to the full equity This is a vesting provision It prevents the employee from taking the equity immediately selling it and quiting the job
To come or descend; to be fixed; to take effect, as a title or right; followed by in; as, upon the death of the ancestor, the estate, or the right to the estate, vests in the heir at law
A provision that a pension participant will, after meeting certain requirements, retain a right to all or part of the accrued benefits, even though the employee may leave the job before retirement
{f} dress oneself or another (as with clerical garments); give authority and/or right of possession to someone (usually over an estate); grant certain rights or the control of something to a person or group of people
Worn instead of cummerbund or suspenders Comes in a variety of colors, patterns, and styles Can be low cut with three buttons on the front, or high cut with as many as eight buttons Can be backless or full back Single or double breasted
{i} sleeveless garment that is usually worn over a shirt and often under a suit jacket, waistcoat; sleeveless garment worn for protection (i.e. life vest, bulletproof vest); undershirt (British); dickey, vestee