good leaver/bad leaver

good leaver/bad leaver
good leaver/bad leaver
A description of the circumstances in which a person ceases to be an employee of a company. Good leaver will usually mean leaving employment on grounds of death or disability. Bad leaver will usually mean leaving in circumstances justifying the summary dismissal of the employee. These expressions are most commonly used in the context of the treatment of shares held by managers on a private equity transaction should they subsequently leave and also in the context of earn-outs and employee share schemes. Where either the company gives the employee contractual notice or vice versa often produces debate as to whether these grounds constitute good or bad leaver. One also has to take account of the possibility of redundancy or constructive dismissal being the reason for departure.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • good leaver — good leaver/bad leaver A description of the circumstances in which a person ceases to be an employee of a company. Good leaver will usually mean leaving employment on grounds of death or disability. Bad leaver will usually mean leaving in… …   Law dictionary

  • bad leaver — good leaver/bad leaver A description of the circumstances in which a person ceases to be an employee of a company. Good leaver will usually mean leaving employment on grounds of death or disability. Bad leaver will usually mean leaving in… …   Law dictionary

  • Опцион эмитента — (Option Issuer) Содержание Содержание Определения описываемого предмета как средство долгосрочного вознаграждения Круг участников программы Условия получения акций участниками Акции, распределяемые между участниками программы Количество акций,… …   Энциклопедия инвестора

  • Музыка из сериала «Остаться в живых» — Ниже представлен список песен и сопроводительной музыки в телесериале «Остаться в живых» (2004 2010). Содержание 1 Песни 1.1 Сезон 1 1.2 Сезон 2 1.3 Сезон 3 …   Википедия

  • Lost Original Television Soundtracks — La orquesta de Lost está compuesta y producida por Michael Giacchino y ha sido lanzada en una serie de bandas sonoras por Varèse Sarabande. Contenido 1 Soundtracks 1.1 Temporada 1 1.2 Temporada 2 1.3 …   Wikipedia Español

  • John Hill & Company — or Johillco were a British toy company specialising in the manufacture of hollowcast metal and later plastic toy soldiers becoming second to W. Britain in popularity. No one knows where the name of John Hill came from. HistoryJohn Hill Co was… …   Wikipedia

  • Blade Runner — This article is about the 1982 film. For other uses, see Bladerunner. Blade Runner Original theatrical release poster by John Alvin …   Wikipedia

  • Clavier-Übung III — Johann Sebastian Bach, 1746 The Clavier Übung III, sometimes referred to as the German Organ Mass, is a collection of compositions for organ by Johann Sebastian Bach, started in 1735–6 and published in 1739. It is considered to be Bach s most… …   Wikipedia

  • Computerspieler-Jargon — Der Computerspieler Jargon ergänzt den üblichen Wortschatz des Netzjargons um Computerspiel spezifische Ausdrücke. Er hat sich vor allem durch das Internet entwickelt und ist von Anglizismen geprägt. Viele Onlinespiele bieten Chatfunktionen, um… …   Deutsch Wikipedia

  • The Famous Five (series) — This article is about the novels. For the first TV adaptation, see The Famous Five (1970s TV series). The Famous Five   …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”