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The text discusses change of control provisions, specifically the differences between single trigger and double trigger scenarios. A single trigger change of control occurs when a company is acquired (through asset or stock purchase), allowing the executive to exit immediately upon that event. However, single triggers are less common as they can deter new acquirers who may want to retain the existing management team. In contrast, a double trigger provision allows an executive to exit if there is an acquisition followed by their termination within a specified timeframe. This condition ensures that executives have a safeguard while still permitting the new company to choose their management team.