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In the context of change of control provisions, a single trigger occurs when an executive is entitled to exit (parachute out) immediately following a specified acquisition event, such as asset or stock purchases. This provision is often disfavored, as new owners may prefer to retain existing management. Conversely, a double trigger provision allows an executive to leave only if there’s a change in control followed by termination within a designated timeframe. This structure is more common, as it incentivizes the new company to keep the management team in place initially while still providing exit benefits if the executive is let go post-acquisition.