up-or-out adjective 1up or out noun 1forms 2 adjective1 •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. up or out noun1 •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. formsmore up-or-out · most up-or-out