vesting

Definition

An ERISA guideline stipulating that employees must be entitled to their benefits from a pension fund, profit-sharing plan or Employee Stock Ownership Plan, within a certain period of time, even if they no longer work for their employer.

Use vesting in a sentence

You may have a vesting interest in how another company may pan out if it may have a direct effect on you.

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I was glad that there was such a thing as vesting because it made sure that employees were taken care of in the long run.

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Fortunately for the soon to be retired office worker, vesting was valid so the employee would be sure to receive his money.

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graduated vesting option schedule