Non-Vested Benefit
/ˈnɒn-ˈvɛstɪd ˈbɛnɪfɪt/
Definitions
- (n.) A benefit entitlement that has not yet become legally secured or guaranteed to a participant, often contingent on future conditions such as continued employment or vesting schedules.
The employee forfeited the non-vested benefit when leaving the company before the vesting period ended.
Forms
- non-vested benefit
- non-vested benefits
Related terms
See also
Commentary
Non-vested benefits are crucial in employment law to delineate which benefits an employee has a secured right to and which remain conditional, helping employers manage entitlements and avoid premature liabilities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.