Vested Interest definition

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

Vested Interest means the portion of a Participant’s, former Participant’s or Former BJS Participant’s Accounts which, pursuant to the Plan, is nonforfeitable.

Vested Interest means the portion, if any, of an Award that is vested in accordance with Article V.

Examples of Vested Interest in a sentence

• Vested Interest Employees do not have a right to SUB payments except for supplementation of benefits during the unemployment period as specified in the plan.

• A subdivider will be eligible for Vested Interest Refunds for payments for Line Installations outside the subdivision.

• Additional Applicants that become Vested Interest Holders will be eligible to receive refunds up to their total contribution less 20 percent of the original construction cost.

• A Vested Interest Holder and the Company may agree to waive the Vested Interest payment requirements of Additional Applicants with loads less than an agreed upon level.

• Customers requesting additional Line Installations within a Subdivision will be considered new Applicants and become eligible for Vested Interest Refunds.

More Definitions of Vested Interest

Vested Interest or “Vested Accrued Benefit” shall mean the portion of a Participant’s Accrued Benefit that is non-forfeitable.

Vested Interest means the vested interest determined in accordance with Section IV.

Vested Interest means the amount of benefit to which a member has a nonforfeitable right in accordance with the provisions of this Act.

Vested Interest means any of the following:

Vested Interest means a Grantee's nonforfeitable interest in his Award determined under the terms of his Award Agreement.

Vested Interest means the portion of the Participant’s applicable benefit under the Plan that is nonforfeitable.

Vested Interest means, as of any date, the amount equal to a fixed, non-forfeitable percentage of a Participant’s Account balance or contribution as determined pursuant to section 8.3(b).