Glossary entry

English term or phrase:

single-trigger CIC benefits

Spanish translation:

beneficios generados/activados por un cambio de control

Added to glossary by odisea
Jun 7, 2019 10:43
4 yrs ago
11 viewers *
English term

single-trigger CIC benefits

English to Spanish Bus/Financial Business/Commerce (general)
Aparece en una tabla, sin mucho contexto. Enumeran unas medidas que ha adoptado un banco para controlar mejor el servicio a los clientes y la buena praxis de sus empleados. No hay más información.

Gracias por adelantado.

Discussion

Elisa Fernández Vic Jun 7, 2019:
¿Es posible que "CIC" sean las siglas de "Customer Interaction Center"?

Proposed translations

2 hrs
Selected

beneficios generados/activados por un cambio de control

No estoy cien por ciento segura sobre la traducción pero esta podría ser una opción.
CIC/change in control: podría ser también cambio en la administración.

"What are change-in-control arrangements?
Executive change-in-control arrangements generally refer to any severance, payments or special benefits
that are provided to an individual in connection with a change in control (CIC) of the company. A CIC is
typically defined to include such transactions as a merger in which the executive’s company is the smaller
entity, a hostile take-over of the company or a liquidation of the assets of the company."

"Triggers
CIC arrangement triggers typically fall into the following three categories:
■ Single Trigger benefits are those provided upon the occurrence of a CIC, with no other factors
necessary. A very small minority of companies (<1%) have single-trigger cash severance benefits. Singletrigger vesting acceleration has declined dramatically because shareholder advocacy groups favor double
trigger.
■ Double Trigger benefits are provided upon a combination of a CIC and a qualified termination. The
termination must occur within a window period following the CIC (typically 12–24 months). A qualified
termination generally includes both an involuntary termination and a termination for “good reason”. Good
reason is often defined to include a significant diminution in duties or responsibilities, a material reduction
in compensation or a requirement to relocate outside the current location of residence. Double triggers
are the most common approach for CIC severance benefits (over 90% of companies)."

Fuente:

http://www.meridiancp.com/wp-content/uploads/CIC-Severance-A...



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Note added at 2 hrs (2019-06-07 13:29:30 GMT)
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Otra traducción:

beneficios derivados del cambio de control como único factor...
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4 KudoZ points awarded for this answer. Comment: "Thanks!"

Reference comments

2 hrs
Reference:

Refs.

Is it this?

A modified single trigger is a hybrid of the single and double trigger approaches and allows executives to voluntarily leave during a specified period following a CIC (typically the 13th month) and still receive CIC benefits.May 21, 2015

A guide to change-in-control arrangements | Deal Law Wire
https://www.deallawwire.com/2015/05/21/a-guide-to-change-in-...

A guide to change-in-control arrangements | Deal Law Wire
https://www.deallawwire.com › Corporate finance
May 21, 2015 - A modified single trigger is a hybrid of the single and double trigger approaches and allows executives to voluntarily leave during a specified period following a CIC (typically the 13th month) and still receive CIC benefits.

Change-in-Control Arrangements | Meridian Compensation Partners ...
www.meridiancp.com/change-in-control-arrangements/
Dec 16, 2015 - Modified Single Trigger is a hybrid of the single and double. It allows the executive to voluntarily terminate during a specified period following a CIC and receive CIC benefits, typically the 13th month following the CIC.
ISS FAQs on Compensation Policies in General - Lexology
https://www.lexology.com/library/detail.aspx?g=f3b35ddf-7109...

Jan 24, 2019 - ... Liberal CIC definition combined with any single-trigger CIC benefits;; The ... ISS considers as problematic definitions that are triggered by ...

[PDF]Report - Compensation Advisory Partners
https://www.capartners.com/wp-content/.../capartners.com-cap...
Senior executive severance and/or CIC benefits are typically covered under CIC ..... Single Trigger Benefits will become payable automatically upon a CIC.
Change-in-Control Compensation Agreements: Vorys, Sater, Seymour ...
https://www.vorys.com/publications-1538.html
Jul 30, 2015 - Common CIC agreements are either “single trigger” or “double trigger” agreements. In a single trigger CIC agreement, the CIC benefits are paid ..
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