Common use of Vesting of Deferred Compensation Clause in Contracts

Vesting of Deferred Compensation. A Participant shall be fully vested at all times in his or her Deferred Compensation. The foregoing shall in no way limit a reduction in a Participant’s Deferred Compensation for fees and charges as may be imposed by an Investment Sponsor or the University’s right to adjust a Participant’s Deferred Compensation for any earnings allocated incorrectly.

Appears in 2 contracts

Sources: 457(b) Deferred Compensation Plan, 457(b) Deferred Compensation Plan