PrivateTechSharesGood leaver
Also called: good-leaver clause
In one line
A departing employee who keeps favourable equity treatment — for example leaving on good terms, through redundancy or retirement.
In plain English
'Good leaver' status, common in European plans especially, lets you retain vested equity (and sometimes buy it at fair value) when you leave on agreed, amicable terms.
If you were explaining it to a 5-year-old
If you leave the club nicely — not breaking any rules — you get to keep the toys you've earned.
Why it matters when you sell
Whether you're a good or bad leaver can determine how much equity you keep to sell, so it's vital to understand before departing.
Related terms
Put it to use
When you're ready to go deeper, there's an optional Equity Toolkit and Report.
Sources
A general market-practice term. See how we define and source the glossary in our methodology. General information, not advice.
Educational information only — not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.