vest

(redirected from vesting)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
Related to vesting: Vesting schedule

keep (one's) cards close to (one's) vest

To keep one's plans, intentions, or tactics secret from everyone else. Refers to holding one's playing cards close to one's chest in a card game, so as not to allow other players to see one's hand. We're all curious about what the boss has been discussing in those meetings with the lawyers, but she's keeping her cards close to her vest. Sorry for not being more straightforward about my plans, but I'm keeping my cards close to my vest for the time being.
See also: card, close, keep, vest

play (one's) cards close to (one's) vest

To keep one's plans, intentions, or tactics secret from everyone else. Refers to holding one's playing cards close to one's vest in a card game, so as not to allow other players to see one's hand. We're all curious about what the boss has been discussing in those meetings with the lawyers, but she's playing her cards close to her vest. Sorry for not being more straightforward about my plans, but I'm playing my cards close to my vest for the time being.
See also: card, close, play, vest

play one's cards close to one's chest

 and play one's cards close to one's vest; keep one's cards close to one's chest; keep one's cards close to one's vest
Fig. to keep to oneself or be very cautious in one's dealing with people. (As if one were playing cards and not permitting anyone to see any of the cards.) He is very cautious. He plays his cards close to his chest. You seem to be playing your cards close to your vest.
See also: card, chest, close, play

vest someone with something

to grant power, rights, or ownership to someone. Who vested you with the power to order me around? The dictator vested himself with the power to imprison almost anyone.
See also: vest

vest something in someone or something

to grant sole power or control over something to someone or some group. The king vested all the military power in his own hands. The constitution vests the power to tax in the legislature.
See also: vest

vest in

v.
To place something, such as authority, property, or rights, in the control of someone or some group: I vested my estate in my son. The judge is very conscientious about the duties and responsibilities that are vested in her.
See also: vest

vest with

v.
To invest or endow someone or some group with something, such as power or rights: The company vests its employees with full pension rights after five years of service. The council is vested with broad powers.
See also: vest

vest

1. n. an important businessman or businesswoman. (see also suit.) Some vest jumped out the window this afternoon.
2. n. a bullet-proof vest. The cop wasn’t wearing a vest, and the shot killed him.
References in periodicals archive ?
Company Secretary, Mondi plc Number of shares vesting 25,891
As a condition to the acceleration, the Board required that each executive officer and non-employee director refrain from selling common shares acquired upon the exercise of accelerated options (other than shares needed to cover the exercise price and satisfy withholding taxes) until the date on which the exercise would have been permitted under the option's pre-acceleration vesting terms or, if earlier, the officer's or director's last day of employment or upon a change in control.
The Company anticipates that the accelerated vesting of these options will eliminate potential pre-tax compensation expense recognition in future periods of approximately $715,000, of which approximately $375,000 would have been incurred during the year ending December 31, 2006.
The decision to accelerate the vesting of these Options, which the Company believes is in the best interests of its stockholders, was made primarily to reduce non-cash compensation expense that would have been recorded in its income statement in future periods upon the adoption of Financial Accounting Standards Board Statement No.
The acceleration of vesting eliminates compensation expense that the Company would otherwise be required to recognize with respect to these unvested stock options upon adopting Financial Accounting Standards Board Statement No.
By accelerating the vesting of these options effective as of December 31, 2005, the Company estimates that it will reduce non-cash compensation expense in future periods by approximately $1 million.
The purpose of this accelerated vesting is to enable the company to avoid recognizing compensation expense associated with these options in future periods as required by Statement of Financial Accounting Standards (SFAS) No.
The accelerated vesting of the Options is intended to eliminate any future reportable compensation expense relating to the Options upon the adoption of Statement of Financial Accounting Standards (SFAS) No.
These include cases in which employees forfeit an option before it is vested, the company cancels an option after vesting or an option expires unexercised, typically because it is underwater.
Section 409A imposes stringent requirements on unfunded arrangements as the price of permitting continued deferral under the constructive receipt rules; otherwise they will be taxed like funded arrangements, that is to say, upon vesting, and subjected to hefty penalties.
These decisions can be postponed somewhat if vesting is not immediate (discussed below).
Most valuation techniques consider six standard inputs: current stock price, exercise price, option duration, risk-free interest rate, dividend yield and volatility These options are completely transferable, do not have vesting requirements and are not forfeitable.
Tom expects the stock to be worth $70 at the end of his vesting year.
Proposals that must be approved by the City Council will include changing the current vesting procedure from borough-wide actions to tax class actions, and doing away with the current 20-month discretionary redemption period, giving owners merely four months before such vesting is final.
Since the enactment of ERISA in 1974 vesting status is attained sooner for most workers and is more easily obtained for mobile workers