Intermediate Leaver definition

Intermediate Leaver means a holder of B Shares and/or C Shares and/or D Shares whose contract of employment or letter of appointment is terminated by the Group on full notice or payment in lieu of notice;
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Intermediate Leaver means any Participant who ceases to be an Employee (and does not otherwise continue to be an Employee) at any time during the Relevant Period other than where such person is a Good Leaver or a Bad Leaver;
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Intermediate Leaver means:any Leaver who is not a Good Leaver or a Bad Leaver; ora Bad Leaver who is determined by the Board (with Investor Majority Consent) to be an Intermediate Leaver;
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Examples of Intermediate Leaver in a sentence

  • Leaver provisions applying to the A1 Incentive SharesLeavers who hold A1 Incentive Shares ("A1 Leavers") will, according to the reason for their become a leaver, be categorised as a "Good Leaver", a "Bad Leaver" or an "Intermediate Leaver".

  • An A1 Leaver who has become a Leaver by reason of resignation (subject to the discretion of the A2 Majority) will be treated as an "A1 Intermediate Leaver".

  • A Good Leaver or an Intermediate Leaver can be re-designated as a Bad Leaver if that leaver subsequently breaches their restrictive covenants.12.

  • If a Founder ceases to be an employee of the Company as (i) a Good Leaver, all their unvested shares will convert into deferred shares in the Company, (ii) an Intermediate Leaver, all their unvested shares and [ ∙ ]% of their vested shares will convert into Deferred Shares and (iii) as a Bad Leaver, all their shares will convert into Deferred Shares.11.

  • If a Good Leaver or an Intermediate Leaver fails, or has failed, to satisfy the Performance Condition, or, in the case of a Permitted Transferee of a current or former Employee of the Group, that current or former Employee fails, or has failed, to satisfy the Performance Condition, the Remuneration Committee (with Investor Consent) may resolve that such Leaver(s) be re-designated as (a) Bad Leaver(s).

  • Determine whether any Employee who ceases to be such an Employee is (i) a Good Leaver in circumstances in which he would otherwise be a Bad Leaver or an Intermediate Leaver or (ii) an Intermediate Leaver in circumstances in which he would otherwise be a Bad Leaver.

  • He maintains that he is in fact an Intermediate Leaver, which would have a very significant impact on the sums to which he is entitled for his shares.

  • The organization will promote ground level pilot action in GO and NGO settings in new and promising areas that have not been attempted in the past and have the potential of being scaled up.

  • An Intermediate Leaver will have the value of their reward capped by a calculation of the shares due (pro rated by time elapsed since grant) x the share price at the date of leaving.

  • A “Subsequent Bad Leaver” and a “Subsequent Very Bad Leaver” were defined, in the definition section at Article 1.3, as follows: Subsequent Bad Leaver – an Employee who is a Good Leaver or an Intermediate Leaver at the Termination Date, but in relation to whom there were grounds on which the relevant employer could have summarily dismissed the Employee.


More Definitions of Intermediate Leaver

Intermediate Leaver an Employee who ceases to be an Employee (whether prior to or after Completion) and who is not a Bad Leaver or a Good Leaver or otherwise where it is determined by the Remuneration and Nomination Committee (with Investor Consent) that an Employee who would otherwise be a Bad Leaver is to be treated as an Intermediate Leaver (which may be so determined in respect of all or some only of the Sale Shares held by him and/or his Related Parties);
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Related to Intermediate Leaver

  • intermediate body means any public or private body which acts under the responsibility of a managing or certifying authority, or which carries out duties on behalf of such an authority, in relation to beneficiaries implementing operations;

  • Intermediate Holdco as defined in the preamble to this Agreement.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Intermediate Holdings shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Intermediate Parent means any Subsidiary of Holdings and of which the Borrower is a subsidiary.

  • Intermediate care facility means a licensed, residential public or private facility that is not a

  • Intermediate Distribution Frame (IDF means a second frame that augments an existing Main Distribution Frame. Lines or outside cables that do not terminate on the IDF.

  • Permanent foster care placement means the place of residence in which a child resides and in

  • Foster care placement means placement of a child through (i) an agreement between the parents or

  • Distribution Compliance Period with respect to any Note, means the period of 40 consecutive days beginning on and including the later of (a) the day on which such Note is first offered to persons other than distributors (as defined in Regulation S) in reliance on Regulation S, notice of which day shall be promptly given by the Company to the Trustee, and (b) the date of issuance with respect to such Note or any predecessor of such Note.

  • OpCo has the meaning set forth in the Preamble.

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Non-Participating Clinical Professional Counselor means a Clinical Professional Counselor who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Participating Clinical Professional Counselor means a Clinical Professional Counselor who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Group Member Agreement means the partnership agreement of any Group Member, other than the Partnership, that is a limited or general partnership, the limited liability company agreement of any Group Member that is a limited liability company, the certificate of incorporation and bylaws or similar organizational documents of any Group Member that is a corporation, the joint venture agreement or similar governing document of any Group Member that is a joint venture and the governing or organizational or similar documents of any other Group Member that is a Person other than a limited or general partnership, limited liability company, corporation or joint venture, as such may be amended, supplemented or restated from time to time.

  • Group Member means a member of the Partnership Group.

  • Intermediate product means marijuana flower lots or other material lots that have been converted by a marijuana pro­ cessor to a marijuana concentrate or marijuana-infused product that must be further processed prior to retail sale.

  • Organ procurement organization means a person designated by the Secretary of the United States Department of Health and Human Services as an organ procurement organization.

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.

  • Intermediate means an emergency medical technician-intermediate.

  • Outsourcing facility means a facility that is engaged in the compounding of sterile drugs and is currently registered as an outsourcing facility with the U.S. Secretary of Health and Human Services and that complies with all applicable requirements of federal and state law, including the Federal Food, Drug, and Cosmetic Act.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Non-Participating Certified Nurse-Midwife means a Certified Nurse-Midwife who does not have a written agreement with Blue Cross and Blue Shield of Illinois or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Local Distribution Company or “LDC” means a Person licensed by the OEB as a “Distributor” in connection with a Distribution System.

  • Parental placement means locating or effecting the placement of a child or the placing of a child in

  • Participating Certified Nurse-Midwife means a Certified Nurse-Midwife who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.