wex definitions

priority date

The priority date is used by the Department of State to determine an individual’s place in line in the visa queue where there are a limited number of immigrant visas available in a given year. For family sponsored immigration, the priority date is the date that the petition is properly filed with U.S. Citizenship and Immigration Services (USCIS). The priority date for an immigrant petition that is based on employment is either the date the petition was filed with USCIS, or the date the labor certification application was accepted for processing by the Department of Labor.

Poison pill

Definition

A corporation’s defensive strategy against a hostile takeover bid in which current shareholders other than the tender-offer bidder or prospective bidder, upon a triggering event, have the right to purchase additional corporate stocks at a deeply discounted price. The effect is to dilute the value of the stock and increase the bidder’s acquisition costs. Also called a shareholder rights plan.

 

PERM

PERM is the Program Electronic Review Management system developed by the U.S. Department of Labor to replace the previous labor certification program. Labor certification is required of U.S. employers seeking to employ foreign citizens on a permanent basis. The new program was proposed with the goal of creating a more streamlined system to verify that there are no U.S. workers able, willing and qualified to fill a permanent position that is being offered to a foreign national.

 US Department of Labor, Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} OFLC Frequently Asked Questions and Answers, www.foreignlaborcert.doleta.gov/faqsanswers.cfm#Perm_Program

20 CFR Parts 655 and 656

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