DEFINITION of 'Unit Benefit Formula'. A method of calculating an employer's contribution to an employee's defined benefit plan. The employer calculates the contribution by multiplying an employee's years of service by a percentage of his or her salary. Next Up.
Currants are glossy red or black berries that grow on thornless upright shrubs. To be classified as a currant, the bush must be in the genus Ribes. Native to the Northern Hemisphere, these plants have been cultivated throughout Europe and Asia for centuries.
Noun [edit]. claret â(countable and uncountable, plural clarets). ( 1 chiefly Britain) A dry red wine produced in the Bordeaux region of France, or a similar wine made elsewhere. 2  A deep purplish-red colour, like that of the wine.oun [edit]. claret â(countable and uncountable, plural clarets). ( 1 chiefly Britain) A dry red wine produced in the Bordeaux region of France, or a similar wine made elsewhere. 2  A deep purplish-red colour, like that of the wine.