nonvested

nonvested

(ˌnɒnˈvɛstɪd)
adj
1. (Law) not entrusted with power over or possession of a given thing
2. (Law) (of a thing) not entrusted to a given person
References in periodicals archive ?
Nonvested and nonmatured: This situation occurs when the employee has terminated employment and only has rights to the amount of his or her contributions to the plan, plus interest.
The ruling expanded the role of the state in reallocation of water as public values changed; asserted that existing rights were nonvested and therefore could be reallocated without compensation; and affirmed broad, open standing to citizens to raise a claim of harm under the public trust against private water users.
On their individual tax returns for 2000 through 2003, the taxpayers took the position that their stock was subject to a substantial risk of forfeiture and was thus substantially nonvested within the meaning of Regs.
Journalist Audrey Watters travels as much as she possibly can to bring you a smart, snarky, and nonvested take on ed tech and the future of Learning.
In its efforts to stem pension deficits, the Colorado General Assembly has attempted an act of bravery--or foolishness--not readily undertaken by other states: unilaterally modifying the rights of existing retirees and nonvested employees.
1b) Regulations provide that agreements triggered by divorce and forfeiture provisions that cause a share of stock to be substantially nonvested will be disregarded in determining whether a corporation's shares confer identical rights to distribution and liquidation proceeds.
If the employee's rights change from substantially nonvested to substantially vested, the value of his interest in the trust or the value of the annuity contract on the date of change (to the extent such value is attributable to post-August 1, 1969 contributions) must be included in his gross income for the taxable year in which the change occurs.
When a qualified plan is terminated, all nonvested amounts in participants' accounts become 100% vested.
If employment is terminated before the employee is 100% vested--or achieving full ownership of the employer's contributions--the nonvested contributions can be used by the employer to offset future employer contributions.
15) Section 83 provides that, in the case of a nonvested partnership interest (or a nonvested award of stock), a partner may choose to recognize gain either at the time the interest is received or at the time that the interest vests.
93-27 does not state that Code [section] 83 will apply with regard to whether the partner has a vested or nonvested profits interest or whether such interest could be taxable at grant or subject to a Code [section] 83(b) election.