The time evolution of a single particle in a harmonic trap with time dependent frequency ω(t) is well studied. Nevertheless here we show that, when the harmonic trap is opened (or closed) as function of time while keeping the adiabatic parameter µ = [dω(t)/dt]/ω 2 (t) fixed, a sharp transition from an oscillatory to a monotonic exponential dynamics occurs at µ = 2. At this transition point the time evolution has a third-order exceptional point (EP) at all instants. This situation, where an EP of a time-dependent Hermitian Hamiltonian is obtained at any given time, is very different from other known cases. Our finding is relevant to the dynamics of a single ion in a magnetic, optical, or rf trap, and of diluted gases of ultracold atoms in optical traps.Exceptional points (EP) are degeneracies of non-Hermitian Hamiltonians [1,2], associated with the coalescence of two or more eigenstates. The studies of EPs have substantially grown since the pioneering works of Carl Bender and his co-workers on PT -symmetric Hamiltonians [3]. These Hamiltonians have a real spectrum, which becomes complex at the EP. However, PTsymmetry is not required to obtain an EP point, as in the case of a coalescence between two resonant states, leading to self-orthogonal states [4][5][6].The physical effects of second-order EPs have already been demonstrated in different types of experiments. See for example the effect of EPs on cold atoms experiments[7], on the cross sections of electron scattering from hydrogen molecules [8], and on the linewidth of unstable lasers [9]. More direct realizations of EPs in microwave experiments are given in Ref. [10,11] and in optical experiments in Ref. [12]. For theoretical studies that are relevant to these experiments see for example [8,[13][14][15][16][17][18]]. In addition, theoretical studies predict significant effects of second-order EPs on the photoionization of atoms [19][20][21] and the photodissociation of molecules [22][23][24].The possibility of higher-order EPs (where more than two eigenstates of the non-Hermitian Hamiltonian coalesce at the EP) has been discussed in the literature for time independent PT symmetric Hamiltonians (see Ref. [25,26] and references therein). The main effect of EPs (of any order) on the dynamics of PT -symmetric systems is the sudden transition from a real spectrum to a complex energy spectrum associated with gain and loss processes. [14].All above mentioned studies on the effects of EPs are related to non-Hermitian time-independent Hamiltonians. Note that non-Hermitian Hamiltonians can be obtained from Hermitian Hamiltonians by imposing outgoing boundary conditions on the eigenfucntions or including complex absorbing potentials [5]. This approach allows the description of resonance phenomena in systems with finite-lifetime metastable states.Other studies considered time-periodic Hamiltonians where the EPs are associated with the quasi-energies of the Floquet operator which can be represented by a time-independent non-Hermitian matrix (see for example one of the firs...