nonvested
/nɑnˈvɛstɪd/
adjective
- Not having full ownership or legal rights to something, such as retirement funds or stock options, because certain conditions have not been met.
- Employees with nonvested stock options cannot sell them until they have worked at the company for three years.
- The company's policy states that nonvested benefits are lost if an employee resigns early.
- She left the job after only one year, so her retirement account remained nonvested.
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