A good leaver event, as distinguished from a bad leaver event, is defined under the Shareholders’ Agreement to which is applies, good leaver events usually include events which are considered to be out of the shareholder’s hands, for example, if the shareholder stops being a director of the company, are suffering a terminal illness or are injured. Good leaver events will often be out of the shareholders hands, therefore it important to have good leaver event clearly defined in your Shareholders’ Agreement, just in case the shareholder is mentally or physically incapable of responding to any decisions.