Define:

Leaver's Percentage

The meaning of “

Leaver's Percentage

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

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🤔 Our AI Legal Assistant 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.

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Leaver's Percentage

" in your document?

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What is the most popular definition of '

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

Model Articles of Association (BVCA)

The Model Articles of Association (BVCA) under UK law is a legal template that outlines and governs the internal workings and regulations of a private limited company in the United Kingdom. The template is specifically designed and recommended by the British Private Equity & Venture Capital Association (BVCA).

This document provides a comprehensive framework for the structure, operation, and management of a company, ensuring compliance with UK company law and industry standards. It covers various aspects, including the division and rights of shares, appointment and powers of directors, issuance of dividends, decision-making processes, and procedures for meetings.

The Model Articles of Association aim to facilitate effective corporate governance, protect the interests of shareholders, and provide a clear set of guidelines for directors and officers to follow. This legal template serves as a starting point for private limited companies, offering a flexible and adaptable framework that can be customized to suit specific needs and requirements.

By adopting the Model Articles of Association, companies can benefit from the expertise and experience of the BVCA, which represents the private equity and venture capital industry in the UK. The template ensures consistency and familiarity with commonly accepted practices, enabling companies to establish a strong foundation for their operations and enhance investor confidence.

It is important to note that while the Model Articles of Association provide a reliable template, companies should always seek legal advice to ensure compliance with applicable laws and appropriate customization according to specific circumstances.
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The 2nd most popular definition of '

Leaver's Percentage

' is:

The 3rd most popular definition of '

Leaver's Percentage

' is:

The 4th most popular definition of '

Leaver's Percentage

' is:

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Leaver's Percentage

' is:

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