Silicon Valley Self Regulation
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Double Trigger

photo by Ryan McGuire

photo by Ryan McGuire

DOUBLE TRIGGER

description

Double trigger acceleration, as you might have surmised after reading “accelerating vesting”, requires two conditions for accelerated vesting. Double trigger acceleration was designed to fundamentally protect employees from being terminated when the value of the employee’s unvested equity into the employee is greater than the cost of replacement in the event of an acquisition.

helpful resources

Cooley Go's Pulling the Trigger(s): What is Double-Trigger Acceleration and How Does it Work? at cooleygo

Nicholas Carlson's What is a Double Trigger? at Business Insider

Raad Ahmed's The Difference Between Single Trigger and Double Trigger Acceleration Of Vesting During An Acquisition at raadahmed

Joe Wallin's Single & Double Trigger Acceleration at Startup Law Blog

Dan Shapiro's Vesting is a hack at danshapiro

Jonathan D. Grworek's Double Trigger Acceleration at Morse Barnes-Brown Pendleton