How is Discretionary Leave defined in a legal contract?
- Discretionary Leave means unused discretionary time-off which, at the time of retirement, carries forward to the end of the year.
Seen in 3 SEC filings - Discretionary Leave means the earned benefit for all regularly working individuals at the rate of three days per the chosen time period. These days may be used for personal activities or in case of ill health. The primary intention of Discretionary Leave is to provide these individuals with three days of paid time-off while respecting their role in the [organization]
Seen in 2 SEC filings - Discretionary Leave means any unused time-off which, at the time of retirement, carries forward to the end of the year. Retirees hired for specific time-bound assignments shall work within the hours specified by the hiring [organization], and will be required to keep accurate records of hours worked and submit them monthly.
Seen in 1 SEC filing - Discretionary Leave means after completing a certain time period of service with an [organization], an individual will be eligible to take one leave of up to a specific number of days during their career. If an individual uses less than the allotted days of discretionary leave, the remaining days will be lost. Discretionary leave days must be taken consecutively within one working period and may be combined with personal leave.
Seen in 1 SEC filing - Discretionary Leave means all regularly working individuals shall earn Discretionary Leave at the rate of three days per chosen time period. These days may be used for personal activities or in case of ill health. The intent of Discretionary Leave is [not specified in source].
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 discretionary leave’ 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
- Discretionary Leave means earned time-off, carrying forward to year-end at retirement, usable for personal activities or ill health.
Relevant Contract Types
Relevant Circumstances
- Retirement benefits planning
- Annual leave allocation and policies
- Health and wellbeing policy planning
Relevant Sectors
Genie Definition 2
- Discretionary Leave means a finite leave benefit granted after a specified service period, consumed in consecutive days within a defined period.
Relevant Contract Types
Relevant Circumstances
- Long-term service benefits planning
- Special leave policy formulation
- Employee benefits planning
Relevant Sectors
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Discretionary Leave means earned time-off, carrying forward to year-end at retirement, usable for personal activities or ill health.
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