The word "vesting" is correct and usable in written English.
It is often used in legal and financial contexts to refer to the process of giving someone the right to receive full ownership or control of something. Example: The company's employee stock ownership plan includes a three-year vesting period, after which employees are entitled to full ownership of their shares.
Mr Clement, who takes the lectern at the Supreme Court about as regularly as the rest of us brush our teeth, seemed to persuade a majority of the justices that Arizonans' "avowed effort to redelegate [redistricting] authority to an unelected and unaccountable commission is plainly repugnant to the Constitution's vesting of that authority in the legislatures of the states".
He has done away with the post of prime minister, vesting the powers of a head of government in the director of his own office.
Nor is there any early vesting of share options as part of the severance process, as happens in America.
Such saving confers immediate pension rights, with no vesting period.
Many of the longtime executives let new employees handle the work while they themselves lolled around, waiting for the next vesting period when they could exercise more options—a behavior known derisively by the younger hires as "rest and vest.
It seems unlikely that the period of vesting would routinely come at times when the need for such spending had fallen.
Hobbled by huge write-downs, UBS raised the proportion of shares in its 2007 bonuses but softened the blow by reducing vesting periods to just one year from the normal three.
But if the world has learned one thing about this age of terrors, it is that wishful thinking, succumbing to blackmail, and vesting false hopes in unverifiable agreements are no answer at all.
The other would remove responsibility for prosecuting lawmakers from the Supreme Court, vesting it in the attorney-general.
According to an example in a discussion paper published in 2000 by the IASB's predecessor, the grant-date method produces a cost roughly a third lower than the vesting-date method, which the paper concluded was the best one.To narrow, and eventually eliminate, the differences between American GAAP and international standards, FASB recently said that it would work more closely with the IASB.
Cisco offered to pay one-third of salary, plus full health care and options-vesting, to laid-off workers taking jobs at not-for-profit organisations.More controversially, firms are doing more to choose those they dismiss aided by software that ensures they do not fall foul of anti-discrimination laws.
