Good Leaver Event definition

Good Leaver Event is defined as:

Good Leaver Event shall have the meaning as described in Section 5.1.

Good Leaver Event. : means the termination of the Professional Relationship between a Participant and a Group Company due to any of the reasons described in Article 6.1 of this Plan;

Examples of Good Leaver Event in a sentence

• If the Key Employee’s employment ceases and this is not due to a Good Leaver Event, the right to further grants of Warrants will lapse automatically and without compensation at the time that the employment ends.

• However, each such option shall be immediately exercisable in full if, on or prior to the first anniversary of the date of the consummation of the Liquidity Event, the Beneficiary’s services with the Company or the acquiring or succeeding corporation (or an affiliate thereof) is terminated due to a Good Leaver Event.

• If a Beneficiary’s service or employment relationship with the Company ends during the term of the SOP due to an event other than a Good Leaver Event (a “Bad Leaver Event”), all options of the Beneficiary vested but not exercised at the time a Bad Leaver Event occurs shall forfeit.

• Except to the extent that the Board determines otherwise, where a Participant ceases to be an Employee other than as a result of circumstances that constitute a Good Leaver Event, all of the Participant's Unvested Share Rights will automatically lapse on the day after the period of one month after cessation of employment.

• A termination by Employee for Good Reason (as defined below) shall be treated as a termination “by such Management Limited Partner for a Special Event” for purposes of the definition of Good Leaver Event in the LP Agreement.

More Definitions of Good Leaver Event

Good Leaver Event means the termination of the employment of any Manager with the Company or its Affiliate: (i) due to the death of the Manager; (ii) due to the Total Disability of the Manager; (iii) by the Company or its Affiliate without Cause; (iv) by the Manager for Good Reason; or (v) by the Company or its Affiliate or the Manager for any reason other than Cause on or after October 11, 2011;

Good Leaver Event means the termination of a Key Employee without Cause, the resignation of a Key Employee with Good Reason, or such Key Employee’s death or Disability.

Good Leaver Event means with regard to the relevant Partner With Asset Share any termination, without replacement, of the consultancy, employment and/or service relationship of the relevant Partner With Asset Share or the relevant individual holding all of the shares in the relevant Partner With Asset Share, respectively, with the Company or any Affiliate which does not qualify as a Bad Leaver Event and which is not made for reason of Disability (as defined below) or death of the relevant Partner With Asset Share or the relevant individual holding all of the shares in the relevant Partner With Asset Share, respectively.

Good Leaver Event means a Work Termination that is not a Bad Leaver Event, including resignation by the Employee or termination by the Employee with good cause (wichtiger Grund). 2Lilium GmbH ESOP – 2020

Good Leaver Event means when a Holder (i) is terminated by Sportradar or any of its affiliates without Cause, (ii) retires from Sportradar or any of its affiliates upon reaching ordinary statutory retirement age, where applicable (iii) terminates employment with Sportradar or any of its affiliates as a result of death or Disability, or (iv) becomes subject to divorce proceedings (unless such proceedings are shown to not affect such Holder’s Sportradar Shares or Public Issuer Shares, as applicable). For purposes of this definition, the term “Sportradar” shall include the Company.

Good Leaver Event means, with respect to a Management Limited Partner, the termination of such Management Limited Partner’s employment with BidCo or any of its Subsidiaries (A) due to the death of such Management Limited Partner, (B) by BidCo or any of its Subsidiaries due to such Management Limited Partner’s physical or mental incapacity to perform his usual duties where such condition is, in the determination of the General Partner, likely to remain continuously and permanently, (C) by BidCo or any of its Subsidiaries without Cause, (D) by such Management Limited Partner for a Special Event or (E) due to non-renewal of such Management Limited Partner’s employment agreement by BidCo or any of its Subsidiaries.

Good Leaver Event means the notice of termination or termination with immediate effect of the relationship between a Shareholder and the Company for any of the following reasons: death or permanent inability of the Shareholder to perform his duties under the employment or service agreement concluded with the Shareholder; or material breach by the Company of any obligations towards the Shareholder under the employment or service agreement concluded with the Shareholder (otherwise than due to default by any of the Shareholder); or notice of termination or termination with immediate effect of the relationship between a Shareholder and the Company at the initiative of the Company for any reason not designated as a Bad Leaver Event under this Agreement.