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In the context of change of control provisions, there are two types: single trigger and double trigger. A single trigger change of control occurs when a company is acquired through an asset or stock purchase, allowing executives to leave immediately upon this event. However, single trigger provisions are becoming less common, as acquiring companies often prefer to retain the existing management team. In contrast, a double trigger change of control involves the acquisition event followed by the termination of the executive within a specified timeframe, granting the executive a severance package or "parachute." This method is more favorable for companies looking to maintain management continuity post-acquisition.