What Is a Bad Leaver?

'Bad leavers', such as those who breach their contract of employment, are dismissed for gross misconduct or leave within a certain defined period, often get simply the nominal value of the shares.

What does a bad leaver mean?

Related Content. 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.

What is considered a good leaver?

Good leaver bad leaver clauses are also known as shareholder employee dismissal and resignation clauses. ... A good leaver is usually defined as an employee and shareholder of a company who dies, becomes incapacitated through physical or mental illness, is made redundant or is unfairly dismissed.