Double-Trigger Acceleration
A protection that only speeds up your vesting if TWO things happen — your company gets acquired AND you lose your job because of it — not the acquisition alone.
Quick Answer
Why is double-trigger more common than single-trigger acceleration?
Because it protects the acquiring company from over-accelerating equity for employees they intend to keep — an employee who is retained after the deal keeps vesting normally rather than receiving a windfall for staying.
- Both events must occur, not just the acquisition alone
- Retained employees don't get acceleration under this structure
- Negotiate this specifically before an acquisition is even on the table
The Lovie Advantage
Lovie flags which grants carry acceleration clauses before a deal closes, not after, so nobody is guessing mid-negotiation.
See how this connects to Single-Trigger Acceleration. For the formal definition, see Investor.gov's glossary entry on corporate governance.
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