What is Double-Trigger Acceleration?
Double-Trigger Acceleration
Double-Trigger Acceleration is an equity clause that accelerates vesting only if two distinct conditions are met: a change of control (acquisition) and termination without cause.
Detailed Deep Dive
Double-Trigger Acceleration is a standard protection for startup executives. It ensures they receive their earned equity value if they are let go after an acquisition, without causing an immediate mass departure of talent.
Frequently Asked Questions
Q:What are the two triggers in double-trigger acceleration?
Trigger 1 is the sale of the company (acquisition). Trigger 2 is the involuntary termination of the employee within a specified window.
Q:Why is double-trigger standard for executive compensation?
It protects executives from being dismissed by the acquiring company right after a sale while ensuring they stay to help with the integration.
Quick Facts
- CategoryLegal
- Key ApplicationExecutive employment contract drafting and acquisition negotiations
Coverage Trend12 Weeks
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