vesting period
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Vesting — In law, vesting is to give an immediately secured right of present or future enjoyment. One has a vested right to an asset that cannot be taken away by any third party, even though one may not yet possess the asset. When the right, interest or… … Wikipedia
vesting — n. An employee’s acquisition of an unconditional right to receive retirement benefits after working for an employer for the required period. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell.… … Law dictionary
vesting — Nonforfeitable ownership (or partial ownership) by an employee of the retirement account balances or benefits contributed on the employees behalf by an employer. The Tax Reform Act of 1986 established minimum vesting rights for employees based on … Financial and business terms
vesting — /ves ting/, n. 1. cloth that is usually of medium or heavy weight and has figures or ridges, as piqué, jacquard, dobby silk, or Bedford cord, originally used for decorative vests and now also for a variety of other garments. 2. the granting to an … Universalium
vesting — noun a) The entitlement of an employee to receive the full benefit of a pension at normal retirement age or a reduced pension upon early retirement even upon change of employer before retirement. b) The entitlement of an employee to exercise a… … Wiktionary
Graded Vesting — The process by which employees gain a certain percentage of irrevocable rights over employer contributions made to the employee s retirement plan account each year until the employee is fully vested. With graded vesting, an employee will become… … Investment dictionary
Cliff Vesting — The process by which employees earn the right to receive full benefits from the employee s qualified retirement plan account at a specified date, rather than becoming vested gradually over a given period of time. Cliff vesting happens when… … Investment dictionary
Accelerated Vesting — A form of vesting that takes place at a faster rate than the initial vesting schedule in a company s stock option plan. This allows the option holder to receive the monetary benefit from the option much sooner. If a company decides to undertake… … Investment dictionary
Unconditional Vesting — Pension benefits that are entitled to the employee without any restrictions. The employee is fully entitled to the vested benefits, even if he or she chooses to withdraw plan contributions. This is opposite to conditional vesting, in which… … Investment dictionary
exercise period — The period of time during which shares may be acquired under an option or other type of share award granted under an employee share scheme. This will be the period between the award first becoming capable of exercise (often referred to as the… … Law dictionary
Vested Interest — 1. The lawful right of an individual or entity to gain access to tangible or intangible property now or in the future. A vested interest is an entitled benefit, which can be conveyed to a separate party. There is usually a vesting period before… … Investment dictionary
