Single trigger definition

Single trigger means that the payment/vesting occurs based only on the Change of Control having occurred and “Double trigger” means that the payment/vesting occurs based on being terminated or resigning for “good reason” within a specified period of time after the Change of Control having occurred.
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Single trigger means that RSUs accelerate automatically upon the change of control (i.e., upon the merger closing). All Cypress RSUs (excluding milestone-based RSUs) that were granted and outstanding at the time of our June 2, 2019 merger announcement qualify for 50% Single-Trigger protection, which means they accelerate 50% when the merger closes (applied to the number of RSUs that remain outstanding and unvested on the closing date).
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Single trigger vesting acceleration means that vesting acceleration is triggered automatically by the occurrence of a change in control of the Company (such as a merger or acquisition involving a change in control). “Double-trigger” vesting acceleration means that vesting acceleration is triggered only if the employee’s employment terminates in certain circumstances in connection with or following a change in control of the Company.
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Examples of Single trigger in a sentence

  • Single trigger CoCo performs better in protecting individual and earlier stressed banks, whereas dual-trigger CoCo is a better choice when we focus on the whole banking system, and those banks who suffer in the later phrase of financial stress.

  • Details of the single-trigger and double-trigger payments that would be received in connection with outstanding unvested equity awards are shown in the following supplementary table: Name Stock Options ($) RSUs ($) Performance Share Awards ($) (single-trigger) Total ($) Single- trigger Double- trigger Single- trigger Double- trigger R.

  • Set "0" at writing.780: Touch probe 2 disabled1: Touch probe 2 enabled90: Single trigger mode1: Continuous trigger mode100: Set input of touch probe 2 as a trigger1: Set 0 point of the encoder as a trigger (Unsupported) (Note)11(Reserved) The value at reading is undefined.

  • None of our CIC agreements provide for:➢ Single trigger termination right➢ Inclusion of long-term incentive value in the calculation of cash severance➢ Excise tax gross-ups• Independent compensation consultant.

  • Press the " FORCE TRIG" button to force a trigger signal, which is mainly applied to the "Normal" and "Single" trigger modes.

  • Single trigger payments in conjunction with corporate actions is not considered to be best practice.

  • Single trigger amounts include the amounts shown in the “Equity” column of the “Golden Parachute Compensation” table above relating to unvested stock options.

  • Single trigger acceleration is when 25 to 100 of your unvested shares become vested.

  • Details of Touch probe function (60B8h) BitDefinition00: Touch probe 1 disabled1: Touch probe 1 enabled10: Single trigger mode1: Continuous trigger mode20: Set input of touch probe 1 as a trigger1: Set 0 point of the encoder as a trigger (Unsupported) (Note)3(Reserved) The value at reading is undefined.

  • Date: April 15, 2014 /s/George Harris -------------------------- George Harris CFO (Principal Executive Officer & Principal Accounting Officer) This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.


More Definitions of Single trigger

Single trigger means that a “Change in Control” (as such term is defined in the Company’s 2006 Equity Incentive Plan (the “Plan”)) has been consummated; and (B) a “Double Trigger” shall mean that (1) a “Change in Control” (as such term is defined in the Plan) has been consummated and (2) the employee has been terminated by the Company without “cause”, or the employee has resigned from his employment with the Company for “good reason” (as “cause” and “good reason” are defined in the Plan or, if the employee is party to an effective employment agreement with the Company that contains definitions of such terms, the definitions given to such terms in such employment agreement), in either case, within one (1) month prior to, as of, or within twelve (12) months after, the effective date of such Change in Control.
Sample 1
Single trigger means that an amount at issue is payable upon the occurrence of a Change in Control (b) Double Trigger means an amount at issue is payable upon the occurrence of both (i) a Change in Control and (ii) termination of Executive's employment (a) without Good Cause "in contemplation of" a Change in Control or within 24 months subsequent to a Change in Control, (b) for Good Reason "in contemplation of" a Change in Control or within 24 months subsequent to a Change in Control, For purposes of this definition, termination will be considered to be "in contemplation of" a Change in Control only if such termination occurs within 6 months prior to the earlier to occur of i) the occurrence of a Change in Control or ii) the Company's execution of a definitive agreement, the consummation of which would result in a Change in Control.
Sample 1

Related to Single trigger

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

  • Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date):

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Delinquency Trigger means, for any Payment Date and the related Collection Period, 24.00%.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.