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How is Priority Status defined in a legal contract?

• Priority Status means rank given to redundancies over all other potential candidates in the hiring process. Seen in 29 SEC filings
• Priority Status means the applicant's position that reduces penalty within the queue of applicants. Seen in 6 SEC filings
• Priority Status means an application will be considered first for a housing assignment compared to other applications based on a system that considers the date of the Completed Housing Application and the student's status. Seen in 1 SEC filing

Note: 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.

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

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Which definition should you use?

🤔 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

Priority Status means a rank or position giving preferential attention or consideration in a process.

Relevant Contract Types

• Employment Contracts
• Vendor Agreements
• Franchise Agreements

Relevant Circumstances

• Appointing a new member to a board
• Establishing a new partnership
• Deciding on redundancy or layoff situations
• Arranging a chain of command

Relevant Sectors

• Human Resources
• Management
• Occupational Health and Safety

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Genie Definition 2

Priority Status means an application's preferential consideration for an assignment or position.

Relevant Contract Types

• Rental Agreements
• Scholarship Applications

Relevant Circumstances

• Applying for rental accommodations
• Scholarship applications
• Applying for established positions

Relevant Sectors

• Education
• Real Estate
• Occupational Health and Safety

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