vesting schedule: A schedule indicating the length of time employees are required to remain with their employer before they earn the right to their stock options or retirement account balances.
Graded vesting schedule
A graded vesting schedule applies when an award vests in specific quanta over a specific period; for example, 25 percent over each of four years. Contrast graded vesting schedule to cliff vesting.
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A vesting schedule under which an employee is partially vested, typically 25%, after a certain number of years of service, with the vesting schedule increasing until full vesting is achieved.
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Otherwise, a time-vesting schedule would remain in effect. Performance attribution analysis The decomposition of a money manager's performance results to explain the reasons why those results were achieved.
In the case of partial vesting, a vesting schedule is a table or chart showing the portion of a right that is vested over time.
Beginning in 2002, an accelerated vesting schedule applies to employer matching contributions to a defined contribution plan.
Among ERISA requirements are that plan participants receive a detailed document that explains how their plan operates, what employee rights are - including qualifying to participate and uniform vesting schedules - and what the grievance and appeals ...
CLIFF VESTING: A vesting schedule under which an employee is not entitled to any percentage of his or her retirement benefit until he or she is fully vested after the attainment of a specific amount of years of service.
Vesting of Employer Contributions: The Internal Revenue Code outlines two minimum vesting schedules for employer contributions for employee benefit plans.
A form of vesting that takes place at a faster rate than the initial vesting schedule in a company's stock option plan. This allows the option holder to receive the monetary benefit from the option much sooner.
A document that explains the fundamental features of an employer's defined benefit or defined contribution plan, including eligibility requirements, contribution formulas, vesting schedules, benefit calculations, and distribution options.
A Participant's ownership of his/her account balance or pension benefit, including Employer contributions. The nonforfeitable portion is determined by the program's vesting schedule, which is usually tied into the Employee's length of Service.
stock ("PARS") and time-accelerated restricted stock award plans ("TARSAPs"). Grants of restricted stock or restricted stock units which may vest early upon attainment of specified performance objectives. Otherwise, a time-vesting schedule would ...
Vesting Schedule Schedule setting forth when, and to what extent, options become exercisable or restricted stock or stock units are no longer subject to forfeiture (for example, 20% per year over five years).
Summary plan description (SPD) A document that explains the fundamental features of an employer's defined benefit or defined contribution plan, including eligibility requirements, contribution formulas, vesting schedules, benefit calculations, ...
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