Good Leaver definition

Good Leaver means, unless otherwise specified herein, the Owner’s ceasing to be a member of the executive management or an employee of the Company or a subsidiary for any reason other than due to (i) death, (ii) being a Voluntary Leaver, or (iii) being a Bad Leaver. The Owner’s employment shall be deemed ceased at the time the notice of termination served by the Owner to the Company or a subsidiary expires.

Good Leaver means the Grantee’s employment was terminated by the Company without Cause (including if due to disability), the Grantee died or the Grantee resigned with Good Reason (but only to the extent the Grantee has an employment agreement with the Company or an Affiliate of the Company that defines Good Reason).

Good Leaver means that, during the Term, either the Employee has resigned for Good Reason (as defined in Section 4(e) below), the Employer has terminated the Employee’s employment without Cause (as defined in Section 4(d) below or the Employee terminates employment on account of death or Disability (as defined in Section 4(b) below). For avoidance of doubt, being a Good Leaver entitles the Employee to be fully vested with respect to any stock options with vesting conditions based solely on continued employment, and to be entitled to payment with respect to any long-term incentive award subject to corporate or business goals to the extent that such goals are met during the performance period on the same basis as if he had remained continuously employed with the Employer.

Examples of Good Leaver in a sentence

Upon a Good Leaver Termination, any PSUs that have time vested (after giving effect to any accelerated vesting that applies on such Good Leaver Termination) but not performance vested remain outstanding and eligible to vest for 12 months following such Good Leaver Termination.
Any unvested PSUs after giving effect to the preceding sentences and the Performance Vesting Terms shall immediately be forfeited and canceled effective as of the date of the Participant’s Good Leaver Termination.
The Participant shall be entitled to receive the accelerated vesting provided for in the foregoing Section 2(b)(ii) and (iii) of this Agreement only if the Participant executes and does not revoke a general release of claims in favor of the Company and its Subsidiaries, in a form to be provided by the Company, within sixty (60) days following (but in no event prior to) the date of such Good Leaver Termination.
If the Participant’s employment is terminated pursuant to a Good Leaver Termination, a number of PSUs shall time vest immediately upon such Good Leaver Termination equal to the number of PSUs that would have time vested on the next Vesting Date following the date of such Good Leaver Termination (assuming the Participant’s employment had continued through such Vesting Date).
The Participant shall be entitled to receive the accelerated vesting provided for in the foregoing Section 2(e)(ii) of this Agreement only if the Participant executes and does not revoke a general release of claims in favor of the Company and its Subsidiaries, in substantially the form attached to the Employment Agreement, within sixty (60) days following (but in no event prior to) the date of such Good Leaver Termination.

More Definitions of Good Leaver

Good Leaver means, unless other- wise provided herein, the termina- tion of the Holder's employment re- lationship with the Company or any subsidiary which is not due to the Holder being a Bad Leaver. The Holder's employment will be deemed to have terminated on the date of death if the Holder dies and otherwise on the date when the Holder's termination notice, as given by the Company or such sub- sidiary or the Holder, expires.

Good Leaver means a Participant whose employment or service with the Company Group is terminated by the Company for a reason other than Cause, is terminated by the Participant for Good Reason or is terminated due to the Participant’s death or Disability.

Good Leaver means a person who is a Leaver (i) as a result of his death or serious ill health; or (ii) who has otherwise been determined by the Company’s board of directors acting reasonably to be a Good Leaver;

Good Leaver means Executive if his employment with the Company is terminated by the Company for a reason other than Cause, is terminated by Executive for Good Reason or is terminated due to Executive’s death or Disability.

Good Leaver means the involuntary termination of the Employee’s employment by the Company other than a Termination for Cause, the Employee’s resignation for Good Reason, or the Employee’s termination of employment due to death, Disability or a Qualifying Retirement.

Good Leaver means a person who has ceased to be employed or engaged by the Company or its subsidiary as a result of that person's:

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