vesting

[ ves-ting ]

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.

Other Words From

• non·vesting adjective noun

Word History and Origins

Origin of vesting¹

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

Example Sentences

He triggered a vesting option of $20 million for 2025 by exceeding 300 innings the last two years but is expected to test the market instead.

From Los Angeles Times

Mercer also recommends improving vesting rights for all retirement plan members and improving inflation protection — a feature of Social Security, but not of many private or corporate retirement plans.

From Los Angeles Times

Some employees donned vests on their one-year anniversary at Cameo in a nod to some shares vesting, two former staffers said.

From New York Times

Since then its U.S. operations have dropped a rule requiring a "liquidity event", such as an IPO or company sale, as a condition for the vesting to occur.

From Reuters

Laid-off employees will receive severance packages based on tenure, 60 days minimum of transition leave, accelerated vesting of their next stock vest, continued tuition reimbursement, career transition services and a T-Mobile service discount for life.

From Seattle Times