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.

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).

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.

Examples of Single trigger in a sentence

• Accordingly, any equity award(s) granted to the Executive prior to the Effective Date that is/are subject to single trigger accelerated vesting pursuant to formally approved Board resolution(s) shall fully vest and become immediately exercisable upon a Change in Control in accordance with and subject to the terms of such Board resolutions(s) and the Equity Documents (“Preserved Single Trigger Acceleration).

• Name Options ($) Restricted Stock Units ($) Performance Restricted Stock Units ($) Stock Appreciation Rights ($) Total ($) Single- Trigger Value ($) Double- Trigger Value ($) All equity referenced in the above table is comprised of Discovery Series A common stock.

• For purposes of this Plan, “Plan Benefits” consist of (i) Scheduled Severance Pay calculated as provided in Section 4A, (ii) Additional Severance calculated as provided in Section 4B and Section 4C, (iii) the Single Trigger Benefits as provided in Section 4D, and (iv) certain additional amounts provided for in Section 7.

• For the period from the Closing Date until December 31, 2005, the Acquired Employees and RSI Current Employees will receive severance benefits that are no less favorable than those severance benefits offered by Seller or RSI, as applicable immediately prior to the Closing, provided however, in no event shall Buyer be responsible for any Single Trigger Severance Liability.

• For example, if an Equity Award contains a monthly vesting schedule under which 1/48th of the total shares subject to the Equity Award vest each month, then following the Single Trigger Acceleration, such Equity Award will continue vesting in monthly increments of 1/48th of the total shares subject to the Equity Award (which would result in full vesting at an earlier date than in the absence of the Single Trigger Acceleration, contingent upon Continuous Service).

• In addition, 50% of the then-unvested portion of the Initial Option and Initial RSUs shall accelerate upon a “Single Trigger Event” (as defined below), subject to Executive’s Continuous Service as of immediately prior to the closing of the Single Trigger Event.

• Agreement As of November 1, 2000 (a) Hostile Change in Control, Single Trigger.

• In addition, 50% of the then-unvested portion of these RSUs shall accelerate upon a “Single Trigger Event” (as defined below), subject to the Executive’s Continuous Service as of immediately prior to the closing of the Single Trigger Event.

• In addition, 50% of the then-unvested portion of the RSUs shall accelerate upon a “Single Trigger Event” (as defined below), subject to Executive’s Continuous Service as of immediately prior to the closing of the Single Trigger Event.

• Upon the consummation of a Single Trigger Change in Control Transaction, if neither of the Award Conditions has been satisfied, the vesting of any Unvested SARs will accelerate such that all Unvested SARs will be fully vested and exercisable immediately prior to the closing of such Single Trigger Change in Control Transaction.

More Definitions of Single trigger

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.

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.