A hidden flaw or defect which is not readily discoverable by a competent person using reasonable skill in an ordinary inspection.
A hidden flaw or defect which is not readily discoverable by a competent person using reasonable skill in an ordinary inspection.
The attainment of a benefit right by a participant, attributable to employer contributions, that is not contingent upon a participant’s continuation in specified employment. See also Contingent Vesting, Deferred Vesting, and Immediate Vesting.