acceleration jargon?

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Bob Sutterfield

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Apr 9, 2011, 12:11:48 AM4/9/11
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In the context of a discussion of accelerated vesting on change of
ownership, what does it mean to say "... gets 50% acceleration (Double
trigger)"? Only half of unvested options vest. But what does "double
trigger" mean?

Piaw

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Apr 9, 2011, 12:21:58 AM4/9/11
to startup-guide
I'd have to read the contract to be sure. It could mean that there are
two conditions that have to be met in order for the accelerated
vesting to take place, or it could mean that either one of two
conditions have to be met.
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