vesting in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Vesting refers to the process by which an employee earns the right to receive full benefits from a retirement plan or employer contributions after a specified period of service.
Sample Sentences
- Vesting in a retirement plan can significantly affect an employee's financial future.
- The vesting schedule outlined in the agreement determines when the employee gains full ownership of the benefits.
- After five years of dedicated service, she finally reached the vesting milestone for her stock options.
- Understanding the concept of vesting is crucial for anyone considering a job with equity compensation.
- The company offers a gradual vesting process to encourage long-term commitment from its employees.