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

His holdings include previously reported shares of common stock underlying restricted stock units, which are subject to certain vesting conditions.

From Barron's

OpenAI shortened its “vesting cliff” for new employees, a shift in compensation policy that’s meant to help retain new hires from leaving in the midst of a fierce talent war.

From The Wall Street Journal

OpenAI shortened its vesting period for new employees to six months from the industry standard of 12 months in April.

From The Wall Street Journal

Other filings indicate these options are subject to vesting schedules, which define when Kulkarni earns ownership and when he can exercise them.

From Barron's

Carlos had SAG-AFTRA coverage, the kind of “forever” insurance that came with vesting.

From Los Angeles Times