Legal Definitions - nonforfeitable

Definition: Not subject to forfeiture. Forfeiture is the loss of a right, privilege, or property because of a crime, breach of obligation, or neglect of duty. Nonforfeitable means that something cannot be taken away as a penalty or punishment.

Example: A nonforfeitable pension plan is a retirement plan where the employee has a guaranteed right to receive the benefits, even if they leave the company before retirement age. The benefits cannot be taken away as a penalty or punishment.

This example illustrates the definition of nonforfeitable because the employee's pension benefits are protected and cannot be forfeited, even if they leave the company before retirement age.