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· 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 CourtListener

Sourced 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.