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;
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;
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);
Examples of Intermediate Leaver in a sentence
If an Initial Core Manager becomes an Intermediate Leaver within six months of the date of this agreement, he shall have an option (the “Option”) to require the Investors to purchase all, but not some only, of the B Shares and B PECs registered in the name of the Manager Nominee on behalf of such Initial Core Manager and his Related Parties (“Option Securities”).