Nonforfeitable Interest definition

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

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: PERCENT OF YEARS OF SERVICE NONFORFEITABLE INTEREST ---------------- ----------------------- Less than 2 .


More Definitions of Nonforfeitable Interest

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.
Nonforfeitable Interest. A Participant's ATOP Account shall be fully vested and nonforfeitable at all times.
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

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 have the meanings specified in ERISA.

  • 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.

  • 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.