Definition of "nonforfeitable" [nonforfeitable]

• Not forfeitable. (adjective)

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• "GAAP requires unvested equity based compensation awards that have nonforfeitable rights to dividends or dividend equivalents whether paid or unpaid to be included in the two class method of the computation of EPS."
• "Service based phantom units receive nonforfeitable distribution rights; thus, we have presented distributions paid to phantom unit holders in our total distributions paid to Partners."
• "An attempt to reduce benefits could trigger a lawsuit, because the state constitution calls pension obligations a "nonforfeitable right," according to Crawford and Albert Porroni, executive director of the nonpartisan Office of Legislative Services."