Venture Deals · glossary
A leaver who is not a good leaver, such as one dismissed for fraud. At Solaris it also covers a founder who resigns within two years. A bad leaver must transfer every share, vested or not, at the lower of cost and current value. Schedule 6, para 3 · Chapter 5
Explained in Chapter 5, Vesting, Leavers and the Founder Who Left, of Venture Deals.
The main page for this term is Bad Leaver, in Shareholders' Agreements.
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