nonforfeitable benefit

Definition

Benefits that are vested, meaning that they belong fully to the employee and may not be rescinded.

Use this term in a sentence

You should try and get a nonforfeitable benefit in your contract that you know will always be with you no matter what.

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It was a nonforfeitable benefit and that meant that it belonged to me because I was the employee and it could not be taken away.

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The nonforfeitable benefit was fully realized by employee who changed companies but was allowed to continue in his retirement plans exactly as before.

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non-financial asset nonhomogenic