Up-or-out Definition

adjective

Relating to the practice of forcing employees not promoted in a timely fashion to terminate employment.

We follow an up-or-out policy at six years. Either you become a partner or you are gone.
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noun

The practice of forcing employees not promoted in a timely fashion to terminate employment.

We follow up or out at six years. Either you become a partner or you are gone.
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up-or-out