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The video discusses change of control provisions, focusing on the difference between single trigger and double trigger provisions. A single trigger change of control occurs when there is an acquisition (asset or stock purchase), allowing an executive to exit immediately upon the event. Single trigger provisions are uncommon as they may disincentivize the acquiring company from retaining the existing management team. In contrast, a double trigger provision requires two events: first, the acquisition, and secondly, the termination of the executive within a specific timeframe after the transaction. This allows the executive to exit after being terminated post-acquisition.