Ƶ

Define: Voluntary Exit

The meaning of “Voluntary Exit” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

  • Voluntary Exit means the termination of participation in the agreement by one or more [parties], through their own initiative in accordance with a certain [clause]. Seen in 1 SEC filing
  • Voluntary Exit means the voluntary termination of the employment relationship between the employee and an [organization] by the employee. 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.

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.

Genie Definition 1

Voluntary Exit means the chosen termination of a [parties]’ participation or employment with [organization].

Relevant Contract Types

Relevant Circumstances

  • End of employment contract by mutual agreement.
  • Termination of participation in business partnerships.
  • Withdrawal of a shareholder from a company.
  • End of a service provider’s contract by mutual agreement.

Relevant Sectors

Are you creating, reviewing or negotiating a document?

Looking for further advice on how to define “Voluntary Exit" in your document? 

🚀 Try It can suggest a definition just for your specific needs (Simply , then ask it to draft a definition suitable for your document, that's it!)

What is the most popular definition of 'Voluntary Exit'?

Voluntary Exit means the chosen termination of a [parties]’ participation or employment with [organization]