I just did a little googling, and somehow found a chart used by a major airline's meteorology department. Anyhow, here's what they say:
Light: ≤ 200 fpm, +/- 10 kts
Light/Mod: 201-400 fpm, +/- 15 kts
Mod: 401-550 fpm, +/- 20 kts
Mod/Strong: 551-650 fpm, +/- 25 kts
Strong: > 650 fpm, > 25 kts
As a glider pilot, I like to use knots for vertical speed, but this is still great info.