When the clutch pedal is up fluid can flow down from reservoir to the slave an out if there is a leak
Its possible for air to be "sucked in" from a leak in the slave but less likely as gravity will cause fluid to flow out of the leak
There are no "valves" in the system, its similar to the brake system
The reservoir is connected to the master cylinder via a hole that's exposed when piston is up all the way, pedal up
When you press the pedal/piston down it cuts off this hole so reservoir is cut off, and fluid is forced down the slave hose and into the slave to expand it
If there was a leak then fluid would come out faster but when pedal/piston was back up at the top fluid in the reservoir would be free to flow back into the system by gravity, and of course drip out of the leak point
The slave has a bleeder that is strategically(lol) placed at the top of the slave's fluid chamber
If you open the bleeder then fluid will gravity bleed out and any air trapped in the slave will come out first
If reservoir ever runs dry then air will be trapped in the Master, and its a pain to get out
So simple thing is NEVER let the reservoir run dry
