Define: Bad Leaver
a person who ceases to be an Employee at any time during the Relevant Period as a consequence of
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
a person who ceases to be an Employee at any time during the Relevant Period as a consequence of.
Relevant Circumstances
- When an employee leaves under circumstances that trigger forfeiture or repurchase
- If misconduct or breach during the relevant period qualifies the leaver as bad
- Where vesting acceleration is denied to bad leavers