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Common use of Nonforfeitable Clause in Contracts

Nonforfeitable. The depositor’s interest in the balance in the custodial account is nonforfeitable.

Appears in 2 contracts

Sources: Traditional Ira Custodial Agreement, Traditional Ira Custodial Agreement

Related Clauses

  • Performance Shares
  • Vesting; Forfeiture
  • Forfeiture of Restricted Stock Units
  • Performance Share Units
  • RSUs

Parent Clauses

  • Participant Loans
  • NORMAL RETIREMENT AGE
  • CONTRIBUTIONS TREATED AS ELECTIVE CONTRIBUTIONS
  • ADDITIONAL LIMITATION ON ELECTIVE DEFERRALS
  • DEFINITIONS

Sub-Clauses

  • COVERAGE UNDER DEFINED BENEFIT PLAN
  • Amounts
  • WITHDRAWALS
  • DIRECT TRANSFERS
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