nonqualified
Adjective
Meaning
nonqualified (not comparable)
Not qualified.
Examples
Amounts reflect earnings or losses on all amounts deferred in 2017 and prior years in nonqualified plans, net of deductions for fees.
But remember, nonqualified withdrawals would be subject to same penalties.
The Company currently has stock option plans under which both incentive and nonqualified stock options have been granted to certain key employees, consultants and directors.