Define: Personal Benefits

How is Personal Benefits defined in a legal contract?

• Personal Benefits means privileges that aren't directly associated to job performance, provided to extensive groups of employees without favouritism towards officers or directors. Those that are job-related are factored out from total payment calculations, while unrelated benefits are disclosed as pay. Uncertainties should be resolved in favour of revelation. Necessity for disclosure in a contract is subject to [organization]'s review. Seen in 4 SEC filings
• Personal Benefits means personal and non-transferable rights of a member to reserve and use resources and to participate in [organization]'s exchange programme along with further benefits, rights, and privileges determined by the responsible entity as being personal to a member and non-transferable except on death. Seen in 2 SEC filings
• Personal Benefits means any cover provided and payable under a policy due to specified complications of pregnancy, any children's death benefit or multi-fracture cover. Seen in 2 SEC filings
• Personal Benefits means the benefits which are provided on account of an employee under this plan. Seen in 1 SEC filing
• Personal Benefits means the value of personal benefits which are not directly related to a person's job performance, furnished by an organization directly or through third persons. Seen in 1 SEC filing

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 personal benefits' 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

Personal Benefits means non-transferable privileges provided to employees or members by an organization, not directly related to their job performance.

Relevant Contract Types

• Employment Contract
• Membership Agreement
• Executive Compensation Agreement

Relevant Circumstances

• Hiring of new employees.
• Revision of employee benefits package.
• Creation of a new member benefit program.

Relevant Sectors

• Human Resources
• Non-Profit Sector
• Hospitality Sector

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Genie Definition 2

Personal Benefits means any cover or policy benefits due to specified conditions, provided to employees or members by an organization.

Relevant Contract Types

• Insurance Policy Agreements
• Employee Benefit Plans

Relevant Circumstances

• Creation of a new insurance policy.
• Addition of new categories of coverage in existing policies.
• Change in conditions, rules, or categories in employee benefits plans.

Relevant Sectors

• Insurance Sector
• Employee Benefits Administration

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