Define: Employment Status

How is Employment Status defined in a legal contract?

• Employment Status means whether an individual is a full-time or part-time worker, inclusive of the duration of the job. Seen in 6 SEC filings.
• Employment Status means classification that covers actions such as appointments, promotions, transfers, reassignments, and discretionary salary increases. Seen in 6 SEC filings.
• Employment Status means a worker is either working regularly scheduled hours for which they are paid the negotiated wage, on approved sick leave or paid vacation, or on an approved leave of absence with documentation on record. Seen in 6 SEC filings.
• Employment Status means a position held for a given period of time. This could be for a continuous twelve month period or for a duration that falls outside this scope. Seen in 6 SEC filings.
• Employment Status means the rights and circumstances of an individual if laid off due to lack of work, including their capability to replace part-time or temporary employees within a determined period post-notification of the layoff. Seen in 4 SEC filings.
• Employment Status means the conditions for an employed individual who is then laid-off due to the scarcity of work but subsequently offered and accepts re-employment within a one-year period following layoff. Seen in 4 SEC filings.

Please note, the above summaries have been simplified.

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 employment status' yourself to verify these results. We are always keen to point people to source documents.

‍

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

Employment Status means a classification denoting full-time or part-time working hours held, and active or on-approved leave conditions.

Relevant Contract Types

• Employment Agreement
• Casual Employment Agreement
• Fixed-Term Employment Agreement
• Contractor Agreement

Relevant Circumstances

• Hiring new employees
• Adjusting current employee contracts
• Creating employment policies
• Managing company-wide human resources procedures

Relevant Sectors

• Healthcare
• Information Technology
• Education
• Manufacturing

‍

Genie Definition 2

Employment Status means the set of rights and circumstances when an individual's job is temporarily interrupted or ended due to lack of work.

Relevant Contract Types

• Redundancy Agreement
• Employment Termination Agreement

Relevant Circumstances

• Managing redundancies
• Negotiating termination packages
• Establishing fair work practices in periods of economic downturn

Relevant Sectors

• Transport & Logistic
• Hospitality
• Construction
• Retail

‍