Good Leaver (see also Bad Leaver)

May 23, 2019 by James Woolfenden

A mechanism through which shares held by an employee can be bought back by the company (or purchased by the other shareholders) at their full value if the employee leaves for ‘good’ reasons. Good reasons usually mean employment ceasing because of the employee’s death or ill-health or because the employee has been made redundant or been given notice by the company.