Why vesting matters
If a co-founder leaves at month 13, they walk away with just 25% of their shares — the remaining 75% returns to the company. Without vesting, that co-founder would own their full slice forever even after quitting, killing the cap table for everyone else.
Single-trigger acceleration: partial vesting on a change of control. Double-trigger: acceleration only if (a) change of control AND (b) involuntary termination within ~12 months.