Issue link: https://digital.shearman.com/i/1035494
Shearman & Sterling LLP 92 | Change in Control Arrangements TIME-VESTED EQUITY AWARDS WHAT PORTION OF THE TIME-VESTED EQUITY AWARD WILL VEST? 2 years Not specified 1 year What are the time-vested equity award triggers? Single Trigger, unless successor or surviving entity assumes the award Twenty-four of these companies provide that the awards will vest if the employee is terminated within a specified time period following the change in control. The relevant time periods are as follows: * Four of the Top 100 Companies provided for both single- and double-trigger vesting in 2018 depending on the award. Double Trigger* (change in control and termination) Single Trigger* (change in control only) 4 5 15 2017 2017 2017 2018 2018 2018 44 41 4 5 Full vesting 68 27 26