How is POC Employees defined in a legal contract?
- POC Employees means those individuals who are on the payroll of [organization] as of [date], inclusive of those not currently working due to leave, illness, holiday, disability or other sanctioned forms of absence. This does not include key staff kept on by the seller or those receiving long-term disability benefits. Seen in 2 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
POC Employees means workers of an organization on a specific date, excluding key personnel retained by a seller and anyone receiving long-term disability benefits.
Relevant Contract Types
Relevant Circumstances
- Hiring processes
- Business acquisitions
- Company restructuring
- Company mergers
Relevant Sectors
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POC Employees means workers of an organization on a specific date, excluding key personnel retained by a seller and anyone receiving long-term disability benefits.
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