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
