What is a double trigger provision?

What is a double trigger provision?

Double-trigger acceleration, as the name implies, requires two events to trigger acceleration – most typically the sale of the company and the involuntary termination of the employee, usually within 9-18 months after closing, and in some cases including a short pre-closing window (3 months or shorter) to counter any …

What is a double trigger RSU?

Double-trigger restricted stock units are those that aren’t taxable until two specific events occur. This differs from most RSUs provided by public companies, where shares are taxable immediately upon vesting.

What is a double trigger acceleration clause?

A double acceleration clause requires two events to trigger vesting acceleration. One event is the sale or merger of the company, and the other is usually termination of the employee without cause. So the employment agreements for these individuals don’t make the special vesting occur until the employee is terminated.

How does a double trigger work?

A double-stage trigger requires two separate “pulls,” or mechanical actions, before the sear can release the firing pin. To oversimplify things, it means that the sear is held at two points instead of one, and unless both are released, the rifle can’t go bang.

What is a single-trigger RSU?

It means that private companies can consider a new kind of single-trigger RSU—a liquid RSU—without requiring a cash outlay for an option exercise, waiting for an acquisition or IPO, or putting their employees at risk of an operational tax burden.

Do you get double taxed on RSU?

Are RSUs taxed twice? No. The value of your shares at vesting is taxed as income, and anything above this amount, if you continue to hold the shares, is taxed at capital gains.

Does RSUs trigger AMT?

In years when large blocks of RSUs vest, your ordinary income tax will usually exceed your AMT due to the additional ordinary income. If you’re likely to be in AMT next year, say, because you’ll have fewer RSUs vesting—you won’t benefit from any state income tax or property tax deductions taken then.

How does a double trigger rifle work?

What are double set triggers for?

How does an AR 15 2 stage trigger work?

What are Two-Stage Triggers? Two-stage triggers have an operating process that involves two distinct phases of firing. The advantage of this style of design is that it allows the user to know exactly when the firing will take place. They know that once they set the trigger after the first phase, the gun will fire.