Alternative Award. Notwithstanding Section 4(a), your Options will not become exercisable immediately, and they will not be subject to being redeemed with a cash payment to you, if the Committee reasonably determines in good faith, prior to the Change of Control, that your Options will be honored or assumed, or new rights substituted for the outstanding Options (referred to as an "Alternative Award") by your employer or an affiliate immediately after the Change of Control. Any Alternative Award must:
Appears in 4 contracts
Samples: Management Stock Option Agreement (Metlife Inc), Management Stock Option Agreement (Metlife Inc), Management Stock Option Agreement (Metlife Inc)
