Double Trigger

Definitions

1. An acceleration provision where employee equity vests early only if two conditions occur, typically a change of control plus termination without cause or a major role reduction. It is common in startup acquisition negotiations.

   In plain English: An equity protection that activates only if two specified events both happen.

   Example: "Executives negotiated double trigger acceleration instead of full single-trigger vesting on acquisition."

Related Terms

• Vesting
• Exit
• Cap Table
• Dilution
• Cliff
• Cliff
• Moonlighting
• Drag Along
• Employee Option Pool
• Preferred Stock
• W-2