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The video discusses changes in control provisions, specifically the differences between single trigger and double trigger provisions. A single trigger change of control occurs during an acquisition (e.g., asset or stock purchase), allowing executives to exit immediately upon the event. However, such provisions are rare, as they can disincentivize acquiring companies that prefer to retain the existing management team. In contrast, a double trigger provision involves a transaction followed by the executive's termination within a specified timeframe. In this scenario, the executive can then exit, providing them with a parachute payout upon termination.
