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Any familiar with finer legal points of good leaver / bad leaver status and valuation of share for outgoing employee? Plus whether Issue Price is effected by external investment / MBO etc? Would be really helpful to get a few pointers! Thanks
Edit - ignore, think I may have misunderstood the situation entirely.
I take that these are not public shares? If public have they vested? If they have vested then there is no further issue. Have you read you share offer contract on this point and if shares not yet vested upon leaving. Usually if you leave then remaining shares do not vest. There is no good leaver / bad leaver.
I guess your question about further investment means would you be diluted down with more investment. Yes they potentially will and you will have little control on this process especially if you leave.
You ask about issue price but that’s irrelevant other than maybe the difference between sale price and issue for tax reasons. Do you mean issued shares, or options?
If it’s issued shares and there are leaver provisions in the paperwork then that will probably also define the valuation? E.g. could be anything from last round value, half round, cost they were acquired at (E.g. clauses to claw back shares from bad leavers) etc etc.
If there‘S nothing in the paperwork forcing sale/buyback, or restricting sale, then the employee can sell as many or few shares as they like for whatever price someone will pay.