How is Gross annual earnings defined in a legal contract?
- Gross annual earnings means the total income an employee has earned up to the present time, which includes pay for holiday leave.
Seen in 7 SEC filings. - Gross annual earnings means an employee’s equivalent pay for the year, excluding pay for vacation. This total covers the yearly period from January 1st to December 31st.
Seen in 2 SEC filings. - Gross annual earnings means the total income an employee has earned to the present date, inclusive of both holiday pay and contributions to retirement savings plans.
Seen in 1 SEC filing. - Gross annual earnings means complete pay provided by the employer, excluding funds received from workers compensation board, unemployment insurance or long-term disability insurance.
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 gross annual earnings’ 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
Gross annual earnings means total income earned by an employee up to a deterministic date, inclusive of pay for leave.
Relevant Contract Types
Relevant Circumstances
- Hiring of a new employee
- Renegotiation of terms for an existing employee
- Discussing bonuses or raises with employees
- Resolving disputes over pay and benefits
Relevant Sectors
Genie Definition 2
Gross annual earnings means all wages paid by an employer, excluding certain benefits and insurance payments.
Relevant Contract Types
Relevant Circumstances
- Drafting or modifying an employee benefits policy
- Discussing insurance coverage with employees
- Calculating an employee's taxable income
- Reporting earnings to small business investors or partners
Relevant Sectors
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Gross annual earnings means total income earned by an employee up to a deterministic date, inclusive of pay for leave.
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