All Definitions
Genie AI's algorithm has begun to pull terms, relevant taxonomical data from legal templates and databases worldwide. Wherever possible we will cite the source of the legal definition to support your legal research needs.
Lease Area
Lease Area means the predetermined section of a property to which a lease applies
Lease Expiration Date
Lease Expiration Date means the day when the last obligations of a lease are fulfilled.
Leasehold Rights
Leasehold Rights means possessing all relevant rights connected to a lease of a property, as set out in a Leasehold Agreement.
Lease Liability
Lease Liability means financial obligations stemming from leases, recognized on balance sheets in accordance with IFRS 16
Leave Credits
Leave Credits means earned but unused personal, legal holiday, sabbatical, termination, or annual leave, excluding sick leave and time off compensation
Leave Day
Leave Day means a day when a person is not present in a designated environment but is expected to return
Leaver's Percentage
in relation to and for the purposes of determining the number of Employee Shares that are required (pursuant to Article 19) to be converted into Deferred Shares or to be transferred as a result of a Founderan Employee ceasing to be an Employee within the period commencing on the Commencement DateDate of Adoption and ending on the Effective Termination Date, the percentage (rounded to the nearest two decimal places) as calculated using the formula below
Ledger Balance
Ledger Balance means the existing amount of funds in an [account], including posted transactions but excluding pending operations and holds.
Legacy Product
Legacy Product means any previously commercialized product that is no longer in current production, distribution, or standard support.
