Nonforfeitable Interest definition

Nonforfeitable Interest means a Participant’s or former Participant’s nonforfeitable interest in his Account balance determined under Article VII, Section 13.06, Appendix B and other applicable provisions of the Plan.
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Nonforfeitable Interest means a Participant's nonforfeitable interest in amounts credited to his Account determined in accordance with Article VII.
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Nonforfeitable Interest means a Participant’s or former Participant’s nonforfeitable interest in amounts credited to his Account determined in accordance with Article VIII.
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Examples of Nonforfeitable Interest in a sentence

  • Prior to normal retirement age, your interest in the contributions the employer makes on your behalf become vested in accordance with the following schedule: 5 8 PERCENT OF YEARS OF SERVICE NONFORFEITABLE INTEREST ---------------- ----------------------- Less than 1 ............................

  • Prior to normal retirement age, your interest in the contributions the employer makes on your behalf become vested in accordance with the following schedule: NON TOP HEAVY SCHEDULE PERCENT OF YEARS OF SERVICE NONFORFEITABLE INTEREST ---------------- ----------------------- Less than 3 .

  • Prior to normal retirement age, your interest in the contributions the employer makes on your behalf become vested in accordance with the following schedule: PERCENT OF YEARS OF SERVICE NONFORFEITABLE INTEREST ---------------- ----------------------- Less than 2 .

  • NONFORFEITABLE INTEREST The entire interest of the owner of this certificate is nonforfeitable.

  • Noninterest expense increased by $711,000, or 15.0%, to $5.4 million for the three months ended March 31, 2005 over the comparable period in 2004.

  • Anything to the contrary herein notwithstanding, a Covered Employee who was a Participant in the Kalamazoo Plan on September 30, 1981, shall be entitled to the benefits generally provided by this Plan and, in addition, shall be entitled to the following: 123 (a) NORMAL OR EARLY RETIREMENT OR TERMINATION OF EMPLOYMENT WITH A NONFORFEITABLE INTEREST.


More Definitions of Nonforfeitable Interest

Nonforfeitable Interest means a Participant's nonforfeitable interest in amounts credited to his Account determined in accordance with Article VIII.
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Nonforfeitable Interest means a Participant's or former Participant's nonforfeitable interest in amounts credited to his Account determined in accordance with Article VII.
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Nonforfeitable Interest means a Member's nonforfeitable interest in his Account balance determined under Article VII, Section 12.05, Appendix B and other applicable provisions of the Plan.
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Nonforfeitable Interest. A Participant's ATOP Account shall be fully vested and nonforfeitable at all times.
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Nonforfeitable Interest means the interest of the Participant or e Participant's Spouse, Depend- ent or Beneficiary (whichever is applicable) in the percentage of Employer's contribu- tion which has vested pursuant to the vesting schedule A Partici- pant shall, at all times, have a one hundred percent
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Related to Nonforfeitable Interest

  • Vested Interest means a Participant’s nonforfeitable interest in his or her Account, determined in accordance with Article V.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Grandfathered Amounts means, if applicable, the amounts that were deferred under the Plan and were earned and vested within the meaning of Section 409A of the Code and regulations thereunder as of December 31, 2004. Grandfathered Amounts shall be subject to the terms designated in the Adoption Agreement.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Employer Contributions means all amounts paid into ASRS by an

  • Grandfathered Percentage means, with respect to any Grandfathered Person, the percentage of the outstanding shares of Common Stock of the Company that such Grandfathered Person, together with all Affiliates and Associates of such Grandfathered Person, Beneficially Owns as of the Grandfathered Time, plus an additional 1/2%; provided, however, that, in the event any Grandfathered Person shall sell, transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company after the Grandfathered Time, the Grandfathered Percentage shall, subsequent to such sale, transfer or disposition, mean, with respect to such Grandfathered Person, the lesser of (i) the Grandfathered Percentage as in effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding shares of Common Stock of the Company that such Grandfathered Person Beneficially Owns immediately following such sale, transfer or disposition, plus an additional 1/2%.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Company Matching Contributions means the Company contributions described in Section 3.4.