Funding and ownership
Good leaver
Someone who leaves in circumstances the equity scheme treats kindly, such as illness, redundancy or after an agreed time. Good leavers usually keep their vested options, with a set period to exercise them, or keep their shares at full value.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
As a good leaver, you keep everything that's vested.
Why it matters to you.
What counts as a good leaver is written in the option scheme or shareholders' agreement, not in law. Read it before you sign, not when you're leaving.
Related terms.
Videos.
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