Term Definition
vesting date for a share

The vesting date for a share is the date when any conditions which apply to granting the share have been met and the employee's legal or beneficial interest in the share cannot be rescinded. From 1 July 2011, the vesting date for a share is the earlier of either the date as defined above or the date at the end of the 7 years from the date on which the share is granted to the employee.

vesting date for an option

The vesting date for an option is the earlier of either one of two dates (and from 1 July 2011, one of the three dates). The dates are:

  • when the share to which the option relates is granted to the employee, or 
  • when the right under the option to have the relevant share transferred, allotted or vested is exercised by the employee 
  • (or, from 1 July 2011) at the end of the period of 7 years from the date on which the option is granted to the employee
voting share

The same meaning as in section 9 of the Corporations Act 2001 of the Commonwealth.