Clause qui pr\u00e9voie le rachat des actions des actionnaires-managers sortants, accompagn\u00e9 d\u2019un m\u00e9canisme de fixation de prix diff\u00e9rent en fonction des raisons de son d\u00e9part.<\/p>\n
S\u2019il est mis fin \u00e0 son contrat de management pour faute grave ou lourde, ou qu\u2019il d\u00e9missionne par exemple, le manager sera consid\u00e9r\u00e9 comme un \u00ab bad leaver \u00bb et sera sanctionn\u00e9 en recevant un montant moins \u00e9lev\u00e9 pour ses actions.<\/p>\n
En revanche, s\u2019il part \u00e0 la retraite, d\u00e9c\u00e8de ou est licenci\u00e9 sans avoir commis une faute grave ou lourde, il sera consid\u00e9r\u00e9 comme un \u00ab good leaver \u00bb et ne sera pas p\u00e9nalis\u00e9.\u00a0 En r\u00e8gle g\u00e9n\u00e9rale, le good leaver pourra \u00eatre amen\u00e9 \u00e0 devoir vendre ses actions aux autres actionnaires si ces derniers le souhaitent, mais le prix de cession sera d\u00e9termin\u00e9 de fa\u00e7on \u00e0 r\u00e9compenser le good leaver.<\/p>\n
Chaque soci\u00e9t\u00e9 peut d\u00e9cider ce que recouvrent les notions de \u00ab\u00a0good leaver\u00a0\u00bb et de \u00ab\u00a0bad leaver\u00a0\u00bb et de quelle mani\u00e8re sont fix\u00e9s les prix de rachat des actions.<\/p>\n
Il s’agit d’une forme d’option d’achat.\u00a0 Dans certain cas, la clause peut \u00e9galement s’assortir d’une option de vente au profit du good leaver.<\/p><\/blockquote>\n
<\/p>\n
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