Venture Deals · glossary
Anyone holding shares or options who stops working for a group company. The documents then sort the leaver as good or bad, which decides what the leaver keeps. Definition of Leaver · Chapter 5
Explained in Chapter 5, Vesting, Leavers and the Founder Who Left, of Venture Deals.
Vesting decides how many shares are at risk. The leaver rules decide which departures put them at risk, and at what price. A leaver is anyone holding shares or options who stops working for a group company (the definition).Read Chapter 5, Vesting, Leavers and the Founder Who Left →
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a Founder, or any employee, consultant or director of any Group Company who holds Shares or Options, who ceases to be employed or engaged by, or a director of, any Group Company and does not immediately take up another such office or engagement within the Group; and the date of cessation is the “Leaving Date”;Read the definition in the document →
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Venture Deals → · All terms A–Z →