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Finance Dictionary and Glossary of Investment Terms
vesting
Definition 1.
An ERISA guideline stipulating that employees must be entitled to their benefits from a pension fund, profit-sharing plan or Employee Stock Ownership Plan, within a certain period of time, even if they no longer work for their employer.
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Definition 2.
A process by which employees accrue non-forfeitable rights to employer contributions that are made to the employee's qualified retirement plan account.
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