Triggering Event definition
Examples of Triggering Event in a sentence
Upon the occurrence of a Triggering Event with respect to the Initial Capital Z Nominee, the Company shall include the Second Capital Z Nominee in the Board’s Slate (as defined below) for election at the next applicable annual meeting of shareholders, and at each annual meeting thereafter for so long as Capital Z’s designation rights under Section 2.03(a) remain in effect.
A Change of Control Offer may be made in advance of a Change of Control Triggering Event, with the obligation to pay and the timing of payment conditioned upon the occurrence of a Change of Control Triggering Event, if a definitive agreement to effect a Change of Control is in place at the time the Change of Control Offer is made.
Upon the occurrence of a Triggering Event with respect to the Second Capital Z Nominee, the Company shall include the Third Capital Z Nominee in the Board’s Slate for election at the next applicable annual meeting of shareholders, and at each annual meeting thereafter for so long as Capital Z’s designation rights under Section 2.03(a) remain in effect.