Subsistence Expenses

How is Subsistence expenses defined in a legal contract?

• Subsistence expenses means costs related to accommodation, meals, and non-alcoholic beverages that are required when a person due to their professional duties is obligated to spend at least one night away from their usual place of residence. Seen in 3 SEC filings
• Subsistence expenses means the costs for food, drink, and temporary overnight accommodation. Further details can be found in [appendix]. Seen in 2 SEC filings
• Subsistence expenses means expenditures for food, drink, and temporary overnight accommodation. More information is available in the guidance document. Seen in 2 SEC filings

Note: The Genie AI Legal Assistant 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.

Search EDGAR for 'Definitions of subsistence expenses' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant 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.

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Genie Definition 1

• Subsistence Expenses means costs for accommodation, meals, and non-alcoholic drinks during mandatory overnight business travel.

Relevant Contract Types

• Employment Contract
• Consulting Agreement
• Executive Compensation Agreement
• Freelance Contract

Relevant Circumstances

• Out of town meetings or conferences
• Extended business trips
• Training or seminars requiring overnight stay

Relevant Sectors

• Business Services
• Healthcare
• Education
• Finance
• Technology
• Tourism
• Nonprofit

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