Define: Key Employee
any employee who is or was during the Period employed by any Group Company at management grade or in a senior capacity;
any employee who is or was during the Period employed by any Group Company at management grade or in a senior capacity;.
Relevant Circumstances
- When senior staff are subject to extended notice or restrictive covenants
- If departure of a key employee triggers warranty or earn-out adjustments
- Where management grade or senior status determines coverage