Double-trigger acceleration applies to shares subject to vesting. With double-trigger acceleration, any unvested shares are accelerated upon an acquisition or other change of control event (first trigger) and the termination without cause or resignation for good reason by the holder within a certain time period (e.g., 12 months) following the change of control (second trigger). Double-trigger acceleration is more commonly granted to startup founders and employees than is single-trigger acceleration.
Guiding the way for early-stage startup founders, advisors bring value and wisdom to the table. Understand the norms of advisor equity issuance and how to do it right.
Explore the complexities of startup equity vesting, especially when an acquisition occurs. Understand the function and uses for accelerated vesting like single-trigger and double-trigger acceleration.