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In the context of change of control provisions, a single trigger occurs during an acquisition (asset or stock purchase) where the executive receives a severance package upon the event of the acquisition. However, single trigger provisions are rarely seen because they may disincentivize the acquiring company from retaining the management team. On the other hand, a double trigger requires two conditions: the occurrence of a transaction and the subsequent termination of the executive within a specified timeframe. In this case, the executive can access their severance package, commonly referred to as a "parachute."