Hi, we're reviewing our approach to good/bad leaver status in relation to share plans and I was wondering if anyone would be willing to share how you define this status and whether you're responding from a private or a public company. TIA
In past lives, bad leaver status (unvested shares immediately lapse) are for things like dismissal / resignation. Good leaver status (some form of preferential treatment for unvested stock) are for things like redundancy / normal or ill health retirement/death.
This was in a plc, and is (or was!) pretty standard UK practice.
For a previous company we recorded regretted / non regretted leavers based on whether upon leaving they are somebody we would have preferred to retain or not, usually linked to performance.
In past lives, bad leaver status (unvested shares immediately lapse) are for things like dismissal / resignation. Good leaver status (some form of preferential treatment for unvested stock) are for things like redundancy / normal or ill health retirement/death.
This was in a plc, and is (or was!) pretty standard UK practice.
For a previous company we recorded regretted / non regretted leavers based on whether upon leaving they are somebody we would have preferred to retain or not, usually linked to performance.