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How is Holidays Observed defined in a legal contract?

• Holidays Observed means New Year’s Day, [Day], Presidents Day, Memorial Day, Independence Day, Labor Day, [Day], Veteran’s Day, Thanksgiving Day, Christmas Day. Any national holiday that is declared in the future. If any of these holidays fall on Saturday or Sunday, then the observed holiday is the following Monday.
  Seen in 6 SEC Filings
• Holidays Observed means all Federal holidays.
  Seen in 1 SEC Filing
• Holidays Observed means New Year’s Day, [Day], Presidents Day, Memorial Day, Independence Day, Labor Day, [Day], Veteran’s Day, Thanksgiving Day, Christmas Day. Any national holiday that is declared in the future. If any of these holidays fall on Saturday or Sunday, then the observed holiday is the following Monday.
  Seen in 1 SEC Filing
• Holidays Observed means New Year’s Day, [Day], Independence Day, Constitution Day, Election Day, Thanksgiving Day, Three Kings Day, President’s Day, Good Friday, Labor Day, Veteran’s Day, Christmas Day, Abolition Day, Memorial Day, Columbus Day, [Day].
  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 '������ý definitions' below, with guidance on which documents and which industry to use for each.

������ý Definition 1

• Holidays Observed means New Year’s Day, [Day], President’s Day, Memorial Day, Independence Day, Labor Day, Veteran’s Day, Thanksgiving Day, Christmas Day, and any future national holidays.

Relevant Contract Types

• Employment Contract
• Service Agreement
• Consulting Agreement
• Lease Agreement

Relevant Circumstances

• When there’s a need to specify holidays to determine time off work in employment or service contracts.
• When major holidays need to be recognized during a specified contract period, such as leasing contracts.

Relevant Sectors

• Information Technology
• Construction
• Manufacturing
• Healthcare
• Education

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������ý Definition 2

• Holidays Observed means a pre-identified list of Federal and national holidays, which include any holidays declared later.

Relevant Contract Types

• Collective Bargaining Agreement
• Employee Handbook
• Service Level Agreement

Relevant Circumstances

• When indicating the holidays observed across an entire organization or industry.
• Widely applicable for public sector or government-related contracts.

Relevant Sectors

• Public Sector
• Retail
• Transportation
• Utilities

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