vesting

  1. Noun.  (legal) 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.
  2. Noun.  (legal) The entitlement of an employee to exercise a stock option after a predetermined period of time.
  3. Verb.  (present participle of, vest) .

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This entry was last updated on RefTopia from its source on 3/20/2012.