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One has a vested right to an asset that cannot be taken away by any third party, even though one may not yet possess the asset. When the right, interest, or title to the present or future possession of a legal estate can be transferred to any other party, it is termed a vested interest .
Assignment [a] is a legal term used in the context of the laws of contract and of property. In both instances, assignment is the process whereby a person, the assignor, transfers rights or benefits to another, the assignee. [1] An assignment may not transfer a duty, burden or detriment without the express agreement of the assignee.
This legislation does allow schools, however, to release information without student approval for the purpose of institutional audit, evaluation, or study, student aid consideration, institutional accreditation, compliance with legal subpoenas or juvenile justice system officers [103] or in order to comply with laws requiring identification of ...
The money from your employer match may be required to vest, potentially for years, before it becomes entirely yours.
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
The first is likely to cost college sports as much as, or more than, $1 billion in back-pay (damages) owed to athletes over the four years preceding the NCAA permitting athletes to earn ...
Since ultimate responsibility over the direction of a university is usually vested in a Chancellor or President appointed by the Board, some conflicts may arise between Student Government and the institution's administration, especially in the area of fiscal matters. In addition to a student government, many institutions also establish ...
Once a pension has vested, you should be entitled to keep those funds, even if you're fired. However, you aren't always entitled to all the money in your pension fund. In some cases, you might ...