Define: Triggering Event
Triggering Event means any involuntary or voluntary occurrence of a specified event, as agreed upon in writing by the Executive.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Triggering Event means any involuntary or voluntary occurrence of a specified event, as agreed upon in writing by the Executive.
Relevant Circumstances
- When a specific event activates rights, obligations or payment under a contract
- If parties need certainty over what does and does not amount to the trigger
- Where the consequences of the event must be expressly mapped to remedies