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.
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Related Terms
graduated vesting, cliff vesting, vesting period
'vesting
' appears in the definitions of these terms on BusinessDictionary.com
intra vires, ultra vires, power
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