1. the process by which an employee gains the right to receive full benefits from an employer-sponsored retirement plan or stock option program
Usage: finance; business
2. the act of giving someone official authority or power
Usage: legal; formal

Examples

• The company’s vesting schedule requires employees to work for three years before they own their stock options.
• After five years of employment, full vesting of retirement benefits occurs.
• The vesting period for the pension plan is gradually reduced each year.
• She left the company before vesting was complete and lost some benefits.
• The vesting of authority in the new manager took place at the board meeting.
• Constitutional vesting of executive power occurs during the presidential inauguration.