[V017]

vesting

The point in time in which an employee who is a participant in a retirement or pension plan becomes eligible to receive any or all of the employer's contributions to the plan. The contributions of the employee are always fully or 100% vested from the point of contribution; however, the employer's portion of the contributions are not fully invested at the time of contribution, but become earned over a scheduled period of time.

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100