Since the early days of big tech, double-trigger equity awards have become a standard tool for private issuers preparing for liquidity events. Over time, companies have adapted these awards with more sophisticated vesting schedules and termination treatments to meet unique plan needs. This session will use issuer case studies to explore the rationale behind double-trigger awards, current design trends, and key considerations for administration, legal compliance, and termination processes. Participants will gain practical insights into managing post-termination “tails,” mitigating Section 409A risks, and designing awards that balance flexibility with compliance.

KEY LEARNINGS:

• Understanding the purpose and rationale behind double-trigger equity awards.
• Design considerations including vesting schedules, termination treatments, and post-termination participant “tails.”
• Legal and administrative implications, including Section 409A risks and best practices for compliance.