· 4/24/1981
Nicely v. Bank of Virginia Trust Co.
Citations
- 277 S.E.2d 209
- 221 Va. 1084
- 1981 Va. LEXIS 252
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding that employer can condition vesting of a right to disability benefits on more than the onset of a disability
- holding that employer can con- dition vesting of a right to disability benefits on more than the onset of a disability
- finding that noncontributory profit sharing plan is in the nature of a unilateral contract
- finding no vested right because the employee had not fully satisfied the conditions placed on his right to receive benefits
- finding no vested right because the employee had not fully satisfied the conditions placed on his right to receive benefits
- “Full performance by the employee constitutes acceptance of the offer, and his previously inchoate rights to receive payments under the plan vest and become legally enforceable”
Source: CourtListener parenthetical corpus (CC0).
Judges: Carrico, Harrison, Cochran, Poll, Compton, Thompson
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.