Define: Good Leaver
a person who ceases to be an Employee at any time during the Relevant Period and who is not a Bad Leaver and shall include, without limitation, when the Board (including Investor Director Consent) determines that a perso
a person who ceases to be an Employee at any time during the Relevant Period and who is not a Bad Leaver and shall include, without limitation, when the Board (including Investor Director Consent) determines that a person is not a Bad Leaver;.
Relevant Circumstances
- When an employee leaves on terms that do not trigger forfeiture or repurchase at discount
- If the board (with investor director consent) determines leaver status
- Where vesting acceleration depends on good leaver classification
Relevant Sectors
- Investment
- HR
- Data & Privacy