Definition of "nonqualified" []

• Not qualified. (adjective)

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• "A pension plan can’t “fail”, for practical purposes, unless its sponsor goes into bankruptcy (an eventuality that the reduction in nonqualified benefit liabilities makes modestly less likely)."
• "Stock Options and Restricted Shares So-called nonqualified stock options and restricted stock are now the most common forms of executive stock compensation."
• "These benefits are generally referred to as nonqualified benefits."