How is Concurrently defined in a legal contract?
- Concurrently means the benefit or action occurring at the same time as other eligible actions or types of leave. Seen in 3 SEC filings.
- Concurrently means an individual cannot take two forms of leave to cover the same period of absence. Basically, one cannot receive double compensation for the same period. Seen in 3 SEC filings.
- Concurrently means both deficits in intellectual functioning and deficits in adaptive behavior have to exist at the same time. Seen in 2 SEC filings.
- Concurrently means using an unpaid, protected leave along with income replacement while being absent for the birth or adoption of a child. For every hour of increased paid leave, an equivalent amount of unpaid leave must also be tracked, when eligible. Seen in 1 SEC filing.
- Concurrently means occurring at the same time, simultaneously. Seen in 1 SEC filing.
- Concurrently means simultaneously in time, or at different times during the course of a common treatment schedule. Seen in 1 SEC filing.
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.
Genie Definition 1
- Concurrently means occurring at the same time as another event or action.
Relevant Contract Types
Relevant Circumstances
- When two projects or tasks are carried out at the same time by an employee.
- When two leases or rental agreements for different properties start at the same time.
- During simultaneous infrastructure developments in a construction project.
Relevant Sectors
Genie Definition 2
- Concurrently means overlapping periods during a common schedule or treatment.
Relevant Contract Types
Relevant Circumstances
- When a patient undergoes multiple treatments with overlapping schedules in a healthcare setting.
Relevant Sectors
Genie Definition 3
- Concurrently means taking multiple forms of leave or benefits during the same period, without double compensation.
Relevant Contract Types
Relevant Circumstances
- When an employee takes maternity leave and sick leave at the same time.
Relevant Sectors
Are you creating, reviewing or negotiating a document?
🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)
Concurrently means occurring at the same time as another event or action
Download our whitepaper on the future of AI in Legal
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs