How is Summary Dismissal defined in a legal contract?
- Summary Dismissal means the act of ending the affiliation due to certain undisclosed events or conditions. Seen in 6 SEC filings.
- Summary Dismissal means the act of rejecting a complaint when particular undisclosed criteria are met. Seen in 6 SEC filings.
- Summary Dismissal means the act of releasing a party from their duties within an [organization] for undisclosed reasons, which may include acts of dishonesty resulting in personal gain for the party at the expense of the [organization]. Seen in 4 SEC filings.
- Summary Dismissal means the act of ending an employment contract without giving advance notice or pay in lieu of notice. Seen in 3 SEC filings.
- Summary Dismissal means the act of terminating a contract with an employee without warning or justification due to serious misconduct. Seen in 3 SEC filings.
- Summary Dismissal means the process of ending an employment contract without notice or any other benefits otherwise payable under a [number] of unspecified conditions. Seen in 3 SEC filings.
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Summary Dismissal means instant termination of an employment contract without advance warning due to undisclosed serious circumstances.
Relevant Contract Type
Relevant Circumstances
- Serious misconduct by an employee or contractor
- Violation of company policies
Relevant Sectors
Genie Definition 2
Summary Dismissal means immediate rejection of a complaint when undisclosed specific criteria are fulfilled.
Relevant Contract Type
Relevant Circumstances
- Dissatisfactory service provided
- Violation of agreement terms
Relevant Sectors
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Summary Dismissal means instant termination of an employment contract without advance warning due to undisclosed serious circumstances.
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