Forfeitable Interest definition

Forfeitable Interest means a Participant's or former Participant's forfeitable interest in amounts credited to his Account determined in accordance with Article VII.

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Forfeitable Interest means a Participant’s or former Participant’s forfeitable interest in his Account balance determined under Article VII.

Forfeitable Interest means a Participant’s or former Participant’s Forfeitable Interest in amounts credited to his Account determined in accordance with Article VIII.

Examples of Forfeitable Interest in a sentence

• To the extent that a Participant or former Participant does not have a Nonforfeitable Interest in amounts credited to his Matching Contribution Account or his Supplemental Contribution Account, he has a Forfeitable Interest in amounts credited to such accounts.

• Subject to the possible application of Section 12.05, except as specified above, a Participant or former Participant has a Forfeitable Interest in his Account balance and shall not be entitled to any benefits under the Plan upon or following his Separation From Service.

• To the extent that a Participant or former Participant does not have a Nonforfeitable Interest in amounts credited to his Basic Matching Contribution Account, Supplemental Matching Contribution Account or Supplemental Contribution Account, he has a Forfeitable Interest in amounts credited to such accounts.

• Subject to the possible application of Section B.2.3 of Appendix B or Section 13.05, except as specified above, a Participant or former Participant has a Forfeitable Interest in his Account balance and shall not be entitled to any benefits under the Plan upon or following his Separation From Service.

More Definitions of Forfeitable Interest

Forfeitable Interest means a Member's forfeitable interest in his Account balance determined under Article VIII.

Forfeitable Interest means a Member’s forfeitable interest in amounts credited to his Account. A Member has a Forfeitable Interest in amounts credited to his Account to the extent that he does not have a Nonforfeitable Interest in amounts credited to his Account.

Forfeitable Interest means, as of any date, the amount equal to the percentage of a Participant’s Account balance or contribution that is not the Participant’s Vested Interest.