Define: POC Employees

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: 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 poc employees' 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

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

• Employment Agreement
• Business Sale Agreement
• Company Acquisition Agreement
• Company Merger Agreement

Relevant Circumstances

• Hiring processes
• Business acquisitions
• Company restructuring
• Company mergers

Relevant Sectors

• Human Resources Sector
• Mergers & Acquisitions Sector
• Business Management Sector

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