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.
Redcurrants, a type of berry derived from a simple (one-carpel) inferior ovary. Kiwi fruit, a berry derived from a compound (many carpellate) superior ovary. In botanical terminology, a berry is a fleshy fruit without a stone produced from a single flower containing one ovary.