Graded Vesting
Definition Vesting according to a schedule where the participant is vested at a percentage amount (that is less than 100%) each year until he/she accrues
Often used in inheritance law, vested balance is the right to a present or future payment, asset, or benefit.
Definition Vesting according to a schedule where the participant is vested at a percentage amount (that is less than 100%) each year until he/she accrues
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