How is Personnel Action defined in a legal contract?
- Personnel Action means any measure related to employment such as recruitment, pay, promotion, transfer, layoffs, dismissal, discipline or praise, or any other action that has an impact on employment status. Seen in 32 SEC filings
- Personnel Action means a transaction that causes a change in a person's employment or position. Seen in 23 SEC filings
- Personnel Action means any action that impacts compensation, appointment, promotion, transfer, assignment, reassignment, reinstatement or performance evaluation. Seen in 9 SEC filings
- Personnel Action means an action that affects an employee’s compensation, promotion, demotion, transfer, work assignment, or performance assessment. Seen in 7 SEC filings
- Personnel Action means actions like reappointment, non-renewal of appointment, promotion, and awarding of Tenure. Seen in 6 SEC filings
- Personnel Action means an action that affects a public employee's compensation, promotion, demotion, transfer, work assignment, or performance assessment. Seen in 4 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.
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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
Personnel Action means any action that impacts an employee's role, performance assessment or employment status.
Relevant Contract Types
Relevant Circumstances
- Hiring of new employees or updating employment terms
- During companywide performance evaluations
- In situations of employee promotion, demotion, transfer, or reassignment
Relevant Sectors
Genie Definition 2
Personnel Action means any change to a person's employment or position due to a transaction.
Relevant Contract Types
Relevant Circumstances
- During M&A transactions where employee positions or terms could be affected
- In situations of employee restructuring
Relevant Sectors
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Personnel Action means any action that impacts an employee's role, performance assessment or employment status.
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