{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lY3FIaxATqA", "uri": "/contracts/lY3FIaxATqA#double-trigger-acceleration", "label": "Employment Agreement (Aratana Therapeutics, Inc.)", "score": 24.38945961, "published": true}, {"hash": "dXSCAHe5fLk", "uri": "/contracts/dXSCAHe5fLk#double-trigger-acceleration", "label": "Employment Agreement (Aratana Therapeutics, Inc.)", "score": 24.38945961, "published": true}, {"hash": "cDertOFwhEE", "uri": "/contracts/cDertOFwhEE#double-trigger-acceleration", "label": "Employment Agreement (Aratana Therapeutics, Inc.)", "score": 24.38945961, "published": true}], "snippet": "In the event that the Executive\u2019s employment with the Company is terminated by the Company (or its successor) without Cause (as defined below) or by the Executive for Good Reason (as defined below) on account of or within twelve (12) months following the date of the consummation of a Change in Control (as defined below) (such period, the \u201cDouble-Trigger Period\u201d), the vesting and exercisability of each of the Executive\u2019s outstanding stock awards (including any stock options, restricted stock or other awards granted to the Executive by the Company) shall be automatically accelerated in full.", "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "employment-with-the-company", "type": "clause", "offset": [34, 61]}, {"key": "by-the-company", "type": "clause", "offset": [76, 90]}, {"key": "without-cause", "type": "clause", "offset": [110, 123]}, {"key": "by-the-executive-for-good-reason", "type": "clause", "offset": [146, 178]}, {"key": "following-the", "type": "definition", "offset": [241, 254]}, {"key": "date-of", "type": "clause", "offset": [255, 262]}, {"key": "consummation-of", "type": "clause", "offset": [267, 282]}, {"key": "a-change-in-control", "type": "clause", "offset": [283, 302]}, {"key": "trigger-period", "type": "clause", "offset": [348, 362]}, {"key": "vesting-and-exercisability", "type": "clause", "offset": [370, 396]}, {"key": "of-the-executive", "type": "clause", "offset": [405, 421]}, {"key": "outstanding-stock-awards", "type": "definition", "offset": [424, 448]}, {"key": "stock-options", "type": "clause", "offset": [464, 477]}, {"key": "restricted-stock", "type": "clause", "offset": [479, 495]}, {"key": "other-awards", "type": "definition", "offset": [499, 511]}, {"key": "executive-by", "type": "definition", "offset": [527, 539]}], "size": 6, "hash": "4ebe792e8d04a8dd7c0bba70c4d41a48", "id": 1}, {"samples": [{"hash": "e81hRqiiISZ", "uri": "/contracts/e81hRqiiISZ#double-trigger-acceleration", "label": "Employment Agreement (Alpine Immune Sciences, Inc.)", "score": 27.2354545593, "published": true}], "snippet": "In the event of a Change of Control (as defined below), if: (1) Executive is terminated without Cause by the Company or the successor corporation or a parent or subsidiary of such successor corporation of the Company (the \u201cSuccessor Corporation\u201d) within the ninety (90) day period prior to the consummation of the Change of Control transaction or within twelve (12) months following consummation of the Change of Control transaction; or (2) Executive terminates his employment or consulting relationship with the Company or the Successor Corporation, each as applicable, for Good Reason within the ninety (90) day period prior to the consummation of the Change of Control transaction or within twelve (12) months following consummation of the transaction, then the Option or any cancelled, assumed, or substituted Option held by Executive in lieu of the Option at the time of Executive\u2019s termination shall become fully accelerated and fully vested immediately prior to the effective date of termination. As used herein, \u201cChange of Control\u201d shall mean a sale of all or substantially all of the Company\u2019s assets, or any stock sale, merger, or consolidation of the Company with or into another corporation or business entity other than a stock sale, merger, or consolidation in which the holders of more than fifty percent (50%) of the shares of capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by the voting securities remaining outstanding or by their being converted into voting securities of the surviving entity) more than fifty percent (50%) of the total voting power represented by the voting securities of the Company, or such surviving entity, outstanding immediately after such transaction; provided, however, that a bona fide equity financing by the Company will not be deemed to be a Change of Control.", "snippet_links": [{"key": "a-change-of-control", "type": "definition", "offset": [16, 35]}, {"key": "without-cause-by-the-company", "type": "clause", "offset": [88, 116]}, {"key": "successor-corporation", "type": "definition", "offset": [124, 145]}, {"key": "subsidiary-of", "type": "definition", "offset": [161, 174]}, {"key": "day-period", "type": "definition", "offset": [270, 280]}, {"key": "change-of-control-transaction", "type": "definition", "offset": [314, 343]}, {"key": "relationship-with-the-company", "type": "clause", "offset": [491, 520]}, {"key": "for-good-reason", "type": "definition", "offset": [571, 586]}, {"key": "consummation-of-the-transaction", "type": "clause", "offset": [723, 754]}, {"key": "the-option", "type": "clause", "offset": [761, 771]}, {"key": "substituted-option", "type": "definition", "offset": [802, 820]}, {"key": "by-executive", "type": "clause", "offset": [826, 838]}, {"key": "in-lieu-of", "type": "clause", "offset": [839, 849]}, {"key": "at-the-time", "type": "clause", "offset": [861, 872]}, {"key": "termination-shall", "type": "clause", "offset": [888, 905]}, {"key": "fully-vested", "type": "definition", "offset": [935, 947]}, {"key": "effective-date-of-termination", "type": "clause", "offset": [973, 1002]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [1061, 1085]}, {"key": "stock-sale", "type": "definition", "offset": [1118, 1128]}, {"key": "business-entity", "type": "definition", "offset": [1206, 1221]}, {"key": "a-stock", "type": "definition", "offset": [1233, 1240]}, {"key": "holders-of", "type": "clause", "offset": [1285, 1295]}, {"key": "fifty-percent", "type": "definition", "offset": [1306, 1319]}, {"key": "capital-stock-of-the-company", "type": "clause", "offset": [1343, 1371]}, {"key": "voting-securities", "type": "definition", "offset": [1454, 1471]}, {"key": "the-surviving-entity", "type": "clause", "offset": [1548, 1568]}, {"key": "total-voting-power", "type": "definition", "offset": [1607, 1625]}, {"key": "represented-by", "type": "definition", "offset": [1626, 1640]}, {"key": "securities-of-the-company", "type": "clause", "offset": [1652, 1677]}, {"key": "the-company-will", "type": "clause", "offset": [1809, 1825]}], "size": 3, "hash": "62e0fb054f5565b372efe801c7837718", "id": 3}, {"samples": [{"hash": "dPDtWGez6Bz", "uri": "/contracts/dPDtWGez6Bz#double-trigger-acceleration", "label": "Restricted Stock Purchase Agreement (Clovis Oncology, Inc.)", "score": 22.4729633331, "published": true}, {"hash": "25Pcj2bd9K7", "uri": "/contracts/25Pcj2bd9K7#double-trigger-acceleration", "label": "Restricted Stock Purchase Agreement (Clovis Oncology, Inc.)", "score": 22.4729633331, "published": true}, {"hash": "6rK0Sdby40O", "uri": "/contracts/6rK0Sdby40O#double-trigger-acceleration", "label": "Restricted Stock Purchase Agreement (Clovis Oncology, Inc.)", "score": 20.4729633331, "published": true}], "snippet": "In the event that the Purchaser\u2019s continuous status as a Service Provider is terminated by the Company without Cause (as defined below) within 6 months after a Change of Control (as defined below), 100% of the total number of Shares that have not been released from the Repurchase Option shall be immediately released from the Repurchase Option.", "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "the-purchaser", "type": "clause", "offset": [18, 31]}, {"key": "continuous-status-as-a-service-provider", "type": "definition", "offset": [34, 73]}, {"key": "by-the-company-without-cause", "type": "clause", "offset": [88, 116]}, {"key": "months-after-a-change-of-control", "type": "clause", "offset": [145, 177]}, {"key": "total-number-of-shares", "type": "definition", "offset": [210, 232]}, {"key": "the-repurchase-option", "type": "clause", "offset": [266, 287]}, {"key": "immediately-released", "type": "definition", "offset": [297, 317]}], "size": 4, "hash": "3bbd502cab93100bd60a6732928340c2", "id": 2}, {"samples": [{"hash": "6Ced0yDnT31", "uri": "/contracts/6Ced0yDnT31#double-trigger-acceleration", "label": "Common Stock Purchase Agreement (Sezzle Inc.)", "score": 32.2799453735, "published": true}], "snippet": "Notwithstanding the foregoing, if Purchaser is terminated without Cause (as defined below) by the Company (or a successor, if appropriate) or resigns for Good Reason (as defined below) in connection with or following the consummation of a Change of Control (as defined below), then the vesting of the Unvested Shares shall accelerate such that the Repurchase Option in Section 3(a) shall lapse as to 100% of the Unvested Shares. The lapse of repurchase rights provided for in the previous sentence shall occur immediately prior to the Termination Date. In the case of a sale of all or substantially all of the Company\u2019s assets other than to an Excluded Entity, if the acquirer of the Company\u2019s assets does not agree to assume this Agreement, or to substitute an equivalent award or right for this Agreement, and Purchaser transfers his employment to such acquirer in connection with such asset sale transaction, then any acceleration of vesting that would otherwise occur upon Purchaser\u2019s termination shall occur immediately prior to, and contingent upon, the means (1) a sale of all or substantially all of the Company\u2019s assets other than to an Excluded Entity (as defined below), (2) a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another corporation, limited liability company or other entity other than an Excluded Entity, or (3) the consummation of a transaction, or series of related transactions, in which any \u201cperson\u201d (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the \u201cbeneficial owner\u201d (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of all of the Company\u2019s then outstanding voting securities. Notwithstanding the foregoing, a transaction shall not constitute a Change of Control if its purpose is to (A) change the jurisdiction of the Company\u2019s incorporation, (B) create a holding company that will be owned in substantially the same proportions by the persons who hold the Company\u2019s securities immediately before such transaction, or (C) obtain funding for the voting Company in a financing that is approved by the Company\u2019s Board of Directors. An \u201cExcluded Entity\u201d means a corporation, limited liability company or other entity on which the holders of voting capital stock of the Company outstanding immediately prior to such transaction are the direct or indirect holders of voting securities representing at least a majority of the votes entitled to be cast by all of such corporation\u2019s, limited liability company\u2019s or other entity\u2019s voting securities outstanding immediately after such transaction. As used in this Agreement, \u201cCause\u201d for the Company (or a successor, if appropriate) to terminate Purchaser\u2019s employment shall exist under the following conditions (I) Purchaser\u2019s willful and continued failure to substantially perform Purchaser\u2019s duties to the Company after there has been delivered to Purchaser by the Company\u2019s Board of Directors a written demand for substantial performance and opportunity to cure which sets forth in detail the specific respects in which the Company\u2019s Board of Directors believes that Purchaser has not substantially performed Purchaser\u2019s duties; (II) Purchaser having committed willful fraud, willful misconduct, dishonesty or other intentional action in any such case which is materially injurious to the Company; (III) Purchaser\u2019s having been convicted of, or having plead guilty or nolo contendere to, any crime that results in, or is reasonably expected to result in material harm to the business or reputation of the Company; or (IV) Purchaser\u2019s material breach of any material written agreement between Purchaser and the Company (including without limitation Purchaser\u2019s Proprietary Information, Inventions, Non-competition and Non-solicitation Agreement with the Company) and Purchaser\u2019s failure to cure such breach within 30 days after receiving written notice thereof. For purposes of clarity, a termination without \u201cCause\u201d does not include any termination that occurs as a result of Purchaser\u2019s death or disability. The determination as to whether Purchaser\u2019s Continuous Service Status has been terminated for Cause shall be made in good faith by the Company and shall be final and binding on Purchaser. The foregoing definition does not in any way limit the Company\u2019s ability to terminate Purchaser\u2019s employment or consulting relationship at any time, and the term \u201cCompany\u201d will be interpreted to include any Subsidiary, Parent, Affiliate, or any successor thereto, if appropriate. As used in this Agreement, \u201cGood Reason\u201d will mean Purchaser\u2019s resignation due to the occurrence of any of the following conditions which occurs without Purchaser\u2019s written consent, provided that the requirements regarding advance notice and an opportunity to cure set forth below are satisfied: (1) a reduction of Purchaser\u2019s then current base salary by 10% or more unless such reduction is part of a generalized salary reduction affecting similarly situated employees; (2) a change in Purchaser\u2019s position with the Company that materially reduces Purchaser\u2019s duties, level of authority or responsibility; or (3) the Company conditions Purchaser\u2019s continued service with the Company on Purchaser\u2019s being transferred to a site of employment that would increase Purchaser\u2019s one-way commute by more than 35 miles from Purchaser\u2019s then principal residence. In order for Purchaser to resign for Good Reason, Purchaser must provide written notice to the Company of the existence of the Good Reason condition within 60 days of the initial existence of such Good Reason condition. Upon receipt of such notice, the Company will have 30 days during which it may remedy the Good Reason condition and not be required to provide for the vesting acceleration described herein as a result of such proposed resignation. If the Good Reason condition is not remedied within such 30-day period, Purchaser may resign based on the Good Reason condition specified in the notice effective no later than 30 days following the expiration of the 30-day cure period. If Purchaser is a Director but not an Employee or Consultant of the Company (or a successor, if appropriate) at the time of consummation of the Change of Control and Purchaser is removed from, or is not reelected to, the Board of Directors of the Company (or a successor, as appropriate) in connection with or following the consummation of a Change of Control, the vesting of any Unvested Shares shall accelerate such that the Repurchase Option shall lapse to the same extent as if Purchaser had been terminated without Cause as described above.", "snippet_links": [{"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [0, 29]}, {"key": "terminated-without-cause", "type": "definition", "offset": [47, 71]}, {"key": "resigns-for-good-reason", "type": "definition", "offset": [142, 165]}, {"key": "in-connection-with", "type": "clause", "offset": [185, 203]}, {"key": "following-the", "type": "definition", "offset": [207, 220]}, {"key": "a-change-of-control", "type": "definition", "offset": [237, 256]}, {"key": "vesting-of", "type": "clause", "offset": [286, 296]}, {"key": "unvested-shares", "type": "definition", "offset": [301, 316]}, {"key": "the-repurchase-option", "type": "clause", "offset": [344, 365]}, {"key": "rights-provided", "type": "clause", "offset": [453, 468]}, {"key": "prior-to-the-termination-date", "type": "clause", "offset": [522, 551]}, {"key": "in-the-case", "type": "clause", "offset": [553, 564]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [578, 602]}, {"key": "excluded-entity", "type": "clause", "offset": [644, 659]}, {"key": "the-acquirer", "type": "clause", "offset": [664, 676]}, {"key": "to-assume", "type": "clause", "offset": [716, 725]}, {"key": "equivalent-award", "type": "definition", "offset": [762, 778]}, {"key": "purchaser-transfers", "type": "clause", "offset": [812, 831]}, {"key": "asset-sale-transaction", "type": "definition", "offset": [888, 910]}, {"key": "acceleration-of-vesting", "type": "clause", "offset": [921, 944]}, {"key": "upon-purchaser", "type": "definition", "offset": [972, 986]}, {"key": "termination-shall", "type": "clause", "offset": [989, 1006]}, {"key": "business-combination-transaction", "type": "clause", "offset": [1245, 1277]}, {"key": "limited-liability-company", "type": "clause", "offset": [1327, 1352]}, {"key": "other-entity", "type": "definition", "offset": [1356, 1368]}, {"key": "related-transactions", "type": "clause", "offset": [1455, 1475]}, {"key": "the-exchange-act", "type": "definition", "offset": [1552, 1568]}, {"key": "beneficial-owner", "type": "definition", "offset": [1583, 1599]}, {"key": "rule-13d-3", "type": "definition", "offset": [1616, 1626]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [1649, 1671]}, {"key": "outstanding-voting-securities", "type": "definition", "offset": [1702, 1731]}, {"key": "holding-company", "type": "definition", "offset": [1913, 1928]}, {"key": "the-persons", "type": "clause", "offset": [1989, 2000]}, {"key": "the-voting", "type": "clause", "offset": [2098, 2108]}, {"key": "company-in", "type": "clause", "offset": [2109, 2119]}, {"key": "approved-by", "type": "definition", "offset": [2140, 2151]}, {"key": "a-corporation", "type": "clause", "offset": [2213, 2226]}, {"key": "holders-of", "type": "clause", "offset": [2283, 2293]}, {"key": "capital-stock-of-the-company", "type": "clause", "offset": [2301, 2329]}, {"key": "direct-or-indirect", "type": "clause", "offset": [2388, 2406]}, {"key": "a-majority", "type": "clause", "offset": [2458, 2468]}, {"key": "securities-outstanding", "type": "clause", "offset": [2585, 2607]}, {"key": "used-in-this-agreement", "type": "clause", "offset": [2647, 2669]}, {"key": "for-the-company", "type": "clause", "offset": [2679, 2694]}, {"key": "under-the-following-conditions", "type": "clause", "offset": [2776, 2806]}, {"key": "continued-failure", "type": "clause", "offset": [2835, 2852]}, {"key": "to-purchaser", "type": "definition", "offset": [2943, 2955]}, {"key": "written-demand", "type": "definition", "offset": [2994, 3008]}, {"key": "substantial-performance", "type": "definition", "offset": [3013, 3036]}, {"key": "opportunity-to-cure", "type": "clause", "offset": [3041, 3060]}, {"key": "in-detail", "type": "clause", "offset": [3078, 3087]}, {"key": "substantially-performed", "type": "definition", "offset": [3184, 3207]}, {"key": "willful-misconduct", "type": "clause", "offset": [3275, 3293]}, {"key": "having-been", "type": "clause", "offset": [3415, 3426]}, {"key": "convicted-of", "type": "definition", "offset": [3427, 3439]}, {"key": "nolo-contendere", "type": "clause", "offset": [3467, 3482]}, {"key": "material-harm", "type": "definition", "offset": [3553, 3566]}, {"key": "the-business", "type": "clause", "offset": [3570, 3582]}, {"key": "breach-of-any", "type": "clause", "offset": [3642, 3655]}, {"key": "agreement-between", "type": "clause", "offset": [3673, 3690]}, {"key": "and-the-company", "type": "clause", "offset": [3701, 3716]}, {"key": "including-without-limitation", "type": "clause", "offset": [3718, 3746]}, {"key": "proprietary-information", "type": "clause", "offset": [3759, 3782]}, {"key": "solicitation-agreement", "type": "clause", "offset": [3820, 3842]}, {"key": "failure-to-cure", "type": "clause", "offset": [3877, 3892]}, {"key": "after-receiving", "type": "clause", "offset": [3920, 3935]}, {"key": "notice-thereof", "type": "clause", "offset": [3944, 3958]}, {"key": "for-purposes-of", "type": "clause", "offset": [3960, 3975]}, {"key": "termination-without", "type": "clause", "offset": [3987, 4006]}, {"key": "any-termination", "type": "clause", "offset": [4032, 4047]}, {"key": "of-purchaser", "type": "clause", "offset": [4072, 4084]}, {"key": "death-or-disability", "type": "clause", "offset": [4087, 4106]}, {"key": "the-determination", "type": "clause", "offset": [4108, 4125]}, {"key": "continuous-service-status", "type": "definition", "offset": [4152, 4177]}, {"key": "cause-shall", "type": "definition", "offset": [4202, 4213]}, {"key": "good-faith-by-the-company", "type": "definition", "offset": [4225, 4250]}, {"key": "final-and-binding", "type": "definition", "offset": [4264, 4281]}, {"key": "ability-to-terminate", "type": "clause", "offset": [4361, 4381]}, {"key": "employment-or-consulting-relationship", "type": "clause", "offset": [4394, 4431]}, {"key": "at-any-time", "type": "clause", "offset": [4432, 4443]}, {"key": "written-consent", "type": "clause", "offset": [4741, 4756]}, {"key": "provided-that", "type": "definition", "offset": [4758, 4771]}, {"key": "the-requirements", "type": "clause", "offset": [4772, 4788]}, {"key": "advance-notice", "type": "clause", "offset": [4799, 4813]}, {"key": "reduction-of", "type": "clause", "offset": [4878, 4890]}, {"key": "current-base-salary", "type": "clause", "offset": [4908, 4927]}, {"key": "salary-reduction", "type": "definition", "offset": [4990, 5006]}, {"key": "similarly-situated", "type": "definition", "offset": [5017, 5035]}, {"key": "a-change-in", "type": "definition", "offset": [5051, 5062]}, {"key": "position-with-the-company", "type": "clause", "offset": [5075, 5100]}, {"key": "level-of-authority", "type": "clause", "offset": [5145, 5163]}, {"key": "company-conditions", "type": "definition", "offset": [5194, 5212]}, {"key": "service-with-the-company", "type": "clause", "offset": [5235, 5259]}, {"key": "site-of-employment", "type": "definition", "offset": [5298, 5316]}, {"key": "principal-residence", "type": "definition", "offset": [5409, 5428]}, {"key": "for-purchaser", "type": "definition", "offset": [5439, 5452]}, {"key": "resign-for-good-reason", "type": "definition", "offset": [5456, 5478]}, {"key": "notice-to-the-company", "type": "definition", "offset": [5511, 5532]}, {"key": "good-reason-condition", "type": "clause", "offset": [5557, 5578]}, {"key": "upon-receipt-of", "type": "definition", "offset": [5650, 5665]}, {"key": "the-company-will", "type": "clause", "offset": [5679, 5695]}, {"key": "provide-for", "type": "definition", "offset": [5785, 5796]}, {"key": "vesting-acceleration", "type": "definition", "offset": [5801, 5821]}, {"key": "day-period", "type": "definition", "offset": [5941, 5951]}, {"key": "based-on", "type": "clause", "offset": [5974, 5982]}, {"key": "notice-effective", "type": "clause", "offset": [6026, 6042]}, {"key": "expiration-of-the", "type": "clause", "offset": [6079, 6096]}, {"key": "cure-period", "type": "definition", "offset": [6104, 6115]}, {"key": "a-director", "type": "clause", "offset": [6133, 6143]}, {"key": "not-an-employee", "type": "clause", "offset": [6148, 6163]}, {"key": "at-the-time", "type": "clause", "offset": [6226, 6237]}, {"key": "consummation-of-the", "type": "clause", "offset": [6241, 6260]}, {"key": "board-of-directors-of-the-company", "type": "definition", "offset": [6338, 6371]}, {"key": "to-the-same-extent", "type": "definition", "offset": [6574, 6592]}], "size": 2, "hash": "cba6590b71c4b79ec05cf156af5fa677", "id": 5}, {"samples": [{"hash": "jXNEMbjLLYq", "uri": "/contracts/jXNEMbjLLYq#double-trigger-acceleration", "label": "Employment Agreement (Starfighters Space, Inc.)", "score": 35.3805612594, "published": true}], "snippet": "If:\n1. A Change in Control occurs, and\n2. Executive is terminated without \u2587\u2587\u2587\u2587\u2587 or resigns for Good Reason within 12 months, then: \u2022 100% of unvested stock options shall immediately vest \u2022 Executive shall receive: o 3 months of base salary ($45,000 USD) o Target bonus (pro-rated if applicable)", "snippet_links": [{"key": "a-change-in-control", "type": "clause", "offset": [7, 26]}, {"key": "resigns-for-good-reason", "type": "definition", "offset": [83, 106]}, {"key": "unvested-stock-options", "type": "clause", "offset": [141, 163]}, {"key": "base-salary", "type": "clause", "offset": [228, 239]}, {"key": "target-bonus", "type": "definition", "offset": [256, 268]}, {"key": "if-applicable", "type": "clause", "offset": [280, 293]}], "size": 1, "hash": "a7d692dfb725a90172af4a97b5ee201e", "id": 7}, {"samples": [{"hash": "gVqrW80OMP7", "uri": "/contracts/gVqrW80OMP7#double-trigger-acceleration", "label": "Employment Agreement (Gameverse Interactive Corp)", "score": 37.3750839233, "published": true}, {"hash": "fqHluSmdYzq", "uri": "/contracts/fqHluSmdYzq#double-trigger-acceleration", "label": "Employment Agreement (Gameverse Interactive Corp)", "score": 37.3750839233, "published": true}], "snippet": "In the event of a Change of Control followed by either (a) a termination of the Employee\u2019s employment by the Company without Cause or (b) the Employee\u2019s resignation for Good Reason, in either case within twelve (12) months following such Change of Control, one hundred percent (100%) of the Employee\u2019s then-unvested equity awards shall immediately vest, subject to the terms of the applicable Equity Plan and award agreement.", "snippet_links": [{"key": "a-change-of-control", "type": "definition", "offset": [16, 35]}, {"key": "termination-of-the-employee", "type": "clause", "offset": [61, 88]}, {"key": "by-the-company-without-cause", "type": "clause", "offset": [102, 130]}, {"key": "resignation-for-good-reason", "type": "definition", "offset": [153, 180]}, {"key": "unvested-equity-awards", "type": "definition", "offset": [307, 329]}, {"key": "the-applicable", "type": "clause", "offset": [378, 392]}, {"key": "plan-and-award-agreement", "type": "clause", "offset": [400, 424]}], "size": 2, "hash": "24921039b8dde95fa29b8c0884306160", "id": 4}, {"samples": [{"hash": "iHSdyNVrH18", "uri": "/contracts/iHSdyNVrH18#double-trigger-acceleration", "label": "Nonqualified Stock Option Agreement (El Pollo Loco Holdings, Inc.)", "score": 34.3319625854, "published": true}], "snippet": "If the Participant\u2019s employment with the Company and its Affiliates is terminated by the Company and or Affiliates without Cause (other than by reason of death or Disability) or by the Participant for Good Reason (as each such term is defined in the Post-Termination Benefits letter agreement by and between the Company and the Employee dated as of January 31, 2025 (the \u201cLetter Agreement\u201d) within twelve (12) months following a Change in Control (as defined in the Letter Agreement), the Option, to the extent unvested, shall become vested and exercisable as of the Participant\u2019s termination date, subject to Participant\u2019s execution and non-revocation of a general release of claims as of the termination date and continued compliance with any restrictive covenants with the Company or its Affiliates to which the Participant is bound.", "snippet_links": [{"key": "the-participant", "type": "clause", "offset": [3, 18]}, {"key": "company-and-its-affiliates", "type": "clause", "offset": [41, 67]}, {"key": "by-the-company", "type": "clause", "offset": [82, 96]}, {"key": "without-cause", "type": "clause", "offset": [115, 128]}, {"key": "by-reason-of-death-or-disability", "type": "clause", "offset": [141, 173]}, {"key": "participant-for-good-reason", "type": "clause", "offset": [185, 212]}, {"key": "the-post", "type": "clause", "offset": [246, 254]}, {"key": "termination-benefits", "type": "definition", "offset": [255, 275]}, {"key": "the-employee", "type": "clause", "offset": [324, 336]}, {"key": "dated-as-of", "type": "definition", "offset": [337, 348]}, {"key": "months-following-a-change-in-control", "type": "clause", "offset": [410, 446]}, {"key": "the-letter-agreement", "type": "clause", "offset": [462, 482]}, {"key": "the-option", "type": "clause", "offset": [485, 495]}, {"key": "to-the-extent", "type": "clause", "offset": [497, 510]}, {"key": "vested-and-exercisable", "type": "clause", "offset": [534, 556]}, {"key": "termination-date", "type": "clause", "offset": [581, 597]}, {"key": "to-participant", "type": "definition", "offset": [607, 621]}, {"key": "general-release-of-claims", "type": "clause", "offset": [658, 683]}, {"key": "the-termination", "type": "clause", "offset": [690, 705]}, {"key": "compliance-with", "type": "definition", "offset": [725, 740]}, {"key": "restrictive-covenants", "type": "definition", "offset": [745, 766]}], "size": 1, "hash": "3b59be7587aa304c2e9734392194688a", "id": 6}, {"samples": [{"hash": "8mHeVt2HnCP", "uri": "/contracts/8mHeVt2HnCP#double-trigger-acceleration", "label": "Performance Stock Unit Award Grant Notice (Teads Holding Co.)", "score": 36.6002731323, "published": true}], "snippet": "Where the Converted PSUs are assumed, continued or substituted by the surviving corporation or acquiring corporation (or its parent company), in case of a termination of employment by the Company resulting in a Termination Date that is within twelve (12) months following a Change in Control, and such termination is either due to (A) termination by the Company other than for Cause (as defined in Exhibit C), including due to death or disability, or (B) Participant\u2019s resignation for Good Reason (as defined in Exhibit C), the vesting of any then-outstanding Converted PSUs shall accelerate and such Converted PSUs shall become immediately and fully vested as of the Termination Date (\u201cDouble Trigger Acceleration).", "snippet_links": [{"key": "converted-psus", "type": "definition", "offset": [10, 24]}, {"key": "the-surviving-corporation", "type": "clause", "offset": [66, 91]}, {"key": "acquiring-corporation", "type": "definition", "offset": [95, 116]}, {"key": "parent-company", "type": "definition", "offset": [125, 139]}, {"key": "termination-of-employment-by-the-company", "type": "clause", "offset": [155, 195]}, {"key": "termination-date", "type": "clause", "offset": [211, 227]}, {"key": "months-following-a-change-in-control", "type": "clause", "offset": [255, 291]}, {"key": "termination-by-the-company-other-than-for-cause", "type": "clause", "offset": [335, 382]}, {"key": "exhibit-c", "type": "clause", "offset": [398, 407]}, {"key": "due-to-death-or-disability", "type": "clause", "offset": [420, 446]}, {"key": "resignation-for-good-reason", "type": "definition", "offset": [469, 496]}, {"key": "vesting-of", "type": "clause", "offset": [528, 538]}, {"key": "fully-vested", "type": "definition", "offset": [645, 657]}, {"key": "the-termination", "type": "clause", "offset": [664, 679]}], "size": 1, "hash": "871376a25c3d19ead943e5f9547c2100", "id": 8}, {"samples": [{"hash": "kT07Ol6A5cJ", "uri": "/contracts/kT07Ol6A5cJ#double-trigger-acceleration", "label": "Performance Unit Agreement (CrowdStrike Holdings, Inc.)", "score": 36.9917869568, "published": true}], "snippet": "If the Participant\u2019s employment is terminated by the Company without Cause or by the Participant for Good Reason (each, as defined in the Severance Agreement, provided that solely for purposes of this Section 4, the Participant\u2019s failure to serve as the chief executive officer of the publicly traded successor corporation (or if no publicly traded successor exists, the surviving entity) following such Change in Control shall constitute Good Reason) within three (3) months prior to or twenty-four (24) months following a Change in Control (a \u201cChange in Control Related Termination\u201d), any Converted Awards shall vest in full as of the date of such termination.", "snippet_links": [{"key": "the-participant", "type": "clause", "offset": [3, 18]}, {"key": "employment-is-terminated", "type": "clause", "offset": [21, 45]}, {"key": "by-the-company-without-cause", "type": "clause", "offset": [46, 74]}, {"key": "participant-for-good-reason", "type": "clause", "offset": [85, 112]}, {"key": "severance-agreement", "type": "clause", "offset": [138, 157]}, {"key": "provided-that", "type": "definition", "offset": [159, 172]}, {"key": "section-4", "type": "definition", "offset": [201, 210]}, {"key": "to-serve", "type": "definition", "offset": [238, 246]}, {"key": "the-chief-executive-officer", "type": "clause", "offset": [250, 277]}, {"key": "publicly-traded", "type": "clause", "offset": [285, 300]}, {"key": "successor-corporation", "type": "definition", "offset": [301, 322]}, {"key": "the-surviving-entity", "type": "clause", "offset": [367, 387]}, {"key": "prior-to", "type": "definition", "offset": [476, 484]}, {"key": "months-following-a-change-in-control", "type": "clause", "offset": [505, 541]}, {"key": "change-in-control-related-termination", "type": "definition", "offset": [546, 583]}, {"key": "converted-awards", "type": "definition", "offset": [591, 607]}, {"key": "date-of", "type": "clause", "offset": [637, 644]}], "size": 1, "hash": "c6111e8dc5b86f8091d4efd4b0edcc30", "id": 10}, {"samples": [{"hash": "bura9YWYbh0", "uri": "/contracts/bura9YWYbh0#double-trigger-acceleration", "label": "Employment Agreement (Gores Holdings VI, Inc.)", "score": 32.2607803345, "published": true}], "snippet": "If (i) you are terminated without Cause in connection with or following the consummation of a Change in Control, then the Standard Option shall accelerate and, if applicable, become exercisable such that the Standard Option shall become vested as to 100% of the Shares then unvested or (ii) your employment is terminated as a result of your resignation for Good Reason in connection with or following the consummation of a Change in Control, then the Standard Option shall accelerate and, if applicable, become exercisable with respect to the shares subject to the Standard Option that would have otherwise become vested pursuant to its ordinary vesting schedule within the twelve (12) calendar months following such termination date. The acceleration of vesting provided for in the previous sentence shall occur immediately prior to your termination date. In the event of a Change in Control, if the Company\u2019s successor does not agree to assume the Standard Option or any such outstanding equity award (other than the CIC/IPO Option), or to substitute an equivalent award or right for the Standard Option or any such outstanding equity award (other than the CIC/IPO Option), and you remain in continuous service through the closing of the Change in Control and you do not voluntarily resign without Good Reason and without continuing with the Company\u2019s successor, then any acceleration of vesting that would otherwise occur upon your termination shall occur immediately prior to, and contingent upon, the consummation of such Change in Control. For purposes of this paragraph, unless a capitalized term used in this paragraph has a meaning given to it elsewhere in this Agreement, such term shall have the meaning given to it in the Stock Plan or Stock Agreement.", "snippet_links": [{"key": "terminated-without-cause", "type": "definition", "offset": [15, 39]}, {"key": "in-connection-with", "type": "clause", "offset": [40, 58]}, {"key": "following-the", "type": "definition", "offset": [62, 75]}, {"key": "consummation-of", "type": "clause", "offset": [76, 91]}, {"key": "a-change-in-control", "type": "clause", "offset": [92, 111]}, {"key": "standard-option", "type": "clause", "offset": [122, 137]}, {"key": "if-applicable", "type": "clause", "offset": [160, 173]}, {"key": "the-shares", "type": "clause", "offset": [258, 268]}, {"key": "employment-is-terminated", "type": "clause", "offset": [296, 320]}, {"key": "your-resignation-for-good-reason", "type": "clause", "offset": [336, 368]}, {"key": "with-respect-to", "type": "clause", "offset": [523, 538]}, {"key": "subject-to-the", "type": "clause", "offset": [550, 564]}, {"key": "pursuant-to", "type": "definition", "offset": [621, 632]}, {"key": "ordinary-vesting-schedule", "type": "clause", "offset": [637, 662]}, {"key": "calendar-months", "type": "definition", "offset": [686, 701]}, {"key": "acceleration-of-vesting", "type": "clause", "offset": [739, 762]}, {"key": "prior-to", "type": "definition", "offset": [825, 833]}, {"key": "your-termination-date", "type": "clause", "offset": [834, 855]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [857, 874]}, {"key": "the-company", "type": "definition", "offset": [897, 908]}, {"key": "to-assume", "type": "clause", "offset": [936, 945]}, {"key": "equity-award", "type": "clause", "offset": [990, 1002]}, {"key": "ipo-option", "type": "definition", "offset": [1023, 1033]}, {"key": "equivalent-award", "type": "definition", "offset": [1056, 1072]}, {"key": "continuous-service", "type": "definition", "offset": [1194, 1212]}, {"key": "the-closing", "type": "definition", "offset": [1221, 1232]}, {"key": "without-good-reason", "type": "clause", "offset": [1292, 1311]}, {"key": "termination-shall", "type": "clause", "offset": [1435, 1452]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [1546, 1566]}, {"key": "capitalized-term", "type": "clause", "offset": [1587, 1603]}, {"key": "in-this-agreement", "type": "definition", "offset": [1663, 1680]}, {"key": "stock-plan", "type": "clause", "offset": [1734, 1744]}, {"key": "stock-agreement", "type": "definition", "offset": [1748, 1763]}], "size": 1, "hash": "0eefffc3b2d10a4155671a9207eea9f8", "id": 9}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiRkb3VibGUtdHJpZ2dlci1hY2NlbGVyYXRpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["notices", "Notices"], ["limitation-on-participants-rights", "Limitation on Participant\u2019s Rights"], ["performance-based-vesting-condition", "Performance-Based Vesting Condition"], ["transferability", "Transferability"], ["rights-as-stockholder", "Rights as Stockholder"]], "parents": [["compensation-of-the-executive", "Compensation of the Executive"], ["equity-compensation", "Equity Compensation"], ["release-of-shares-from-repurchase-option-vesting", "Release of Shares From Repurchase Option Vesting"], ["change-in-control", "Change in Control"], ["compensation-and-benefits", "Compensation and Benefits"]], "size": 27, "title": "Double Trigger Acceleration", "id": "double-trigger-acceleration", "related": [["vesting-acceleration", "Vesting Acceleration", "Vesting Acceleration"], ["cross-acceleration", "Cross-Acceleration", "Cross-Acceleration"], ["option-acceleration", "Option Acceleration", "Option Acceleration"], ["automatic-acceleration", "Automatic Acceleration", "Automatic Acceleration"], ["optional-acceleration", "Optional Acceleration", "Optional Acceleration"]], "related_snippets": [], "updated": "2026-05-22T04:28:58+00:00", "also_ask": ["What are the essential elements to include in a double trigger acceleration clause to ensure enforceability?", "How can the scope of 'change of control' and 'termination' be strategically defined to protect client interests?", "What are the most common negotiation pitfalls or leverage points when discussing double trigger acceleration?", "How do double trigger acceleration provisions compare across jurisdictions or under different governing laws?", "What are the main risks or unintended consequences if the double trigger acceleration clause is poorly drafted?"], "drafting_tip": "Specify qualifying events and required actions to ensure clarity; define timeframes for acceleration to prevent disputes; align definitions with market standards to enhance enforceability.", "explanation": "Double Trigger Acceleration is a contractual provision that allows for the accelerated vesting of equity, such as stock options or restricted stock, when two specific events occur. Typically, these events are a change in control of the company (like a merger or acquisition) and the subsequent involuntary termination or significant reduction in role of the employee. This clause ensures that employees are protected from losing unvested equity if the company is sold and their employment is adversely affected, thereby providing security and incentivizing key personnel to remain with the company through a transition."}, "json": true, "cursor": ""}}