vesting

American  

[ves-ting] / ˈvɛs tɪŋ /

noun

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 eligible employee of the right to specified pension benefits, regardless of discontinued employment status, usually after a fixed period of employment.

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Other Word Forms

• nonvesting adjective

Etymology

Origin of vesting

First recorded in 1805–15; vest (noun) + -ing ¹

Example Sentences

On top of that, some startups have gotten rid of vesting cliffs altogether, meaning an employee owns his or her shares from the moment they start working for the company.

From The Wall Street Journal

The rationale for vesting awesome powers in a politically insulated central bank is that sage technocrats will make wise decisions.

From The Wall Street Journal

But high employee turnover in the industry often prevents those shares from vesting, Luria pointed out.

From MarketWatch

Filings indicated the sales included amounts to cover tax obligations following the vesting of equity awards.

From Barron's

Lowry describes his youth as “a classic case of a father vesting a son with his own ambitions.”

From The Wall Street Journal