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

  • Transferable interest means the right, as originally associated with a person’s capacity as a member, to receive distributions from a limited liability company in accordance with the operating agreement, whether or not the person remains a member or continues to own any part of the right.

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

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

  • Eligible interests means interests or memberships.

  • Uncertificated Distributable Interest As defined in Section 2.11(g) with respect to any REMIC I Regular Interest for any Distribution Date and in Section 2.13(g) with respect to any REMIC II Regular Interest for any Distribution Date.