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What do you mean by this rights have already been vested?

Updated: 8/17/2019
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Q: What do you mean by this rights have already been vested?
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What does the vest term mean?

Vested is defined as acquired by law or contract. Vested is having possession of a person. Vested can also mean entitled or earned. For a retirement program, vested means the amount of time and work required for the employee to complete before they are entitled to their retirement funds.


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What does vested mean?

Are you asking in terms of 'vesting'? Such as in stock options or 401K? If so, it just means you earn the right to what ever it is. So, if the company contributes to your 401K but you're not vested, the money isn't yours. If you are 20% vested, then 20% of what they contributed is now your money.