Common use of Alternative Options Clause in Contracts

Alternative Options. (i) provide you with rights and entitlements substantially equivalent to or better than the rights, terms and conditions applicable under such Option, including, but not limited to, an identical or better exercise and vesting schedule and identical or better timing and methods of payment; (ii) have substantially equivalent economic value to such Option (determined at the time of the Change in Control); and (iii) have terms and conditions which provide that in the event that your employment is involuntarily or constructively terminated within two years following a Change in Control, any conditions on your rights under, or any restrictions on transfer or exercisability applicable to, each such Alternative Option shall be waived or shall lapse.

Alternative Options. (i) provide you with rights and entitlements substantially equivalent to or better than the rights, terms and conditions applicable under such Option, including, but not limited to, an identical or better exercise and vesting schedule and identical or better timing and methods of payment; (ii) have substantially equivalent economic value to such Option (determined at the time of the Change in Control); and (iii) have terms and conditions which provide that in the event that your employment is involuntarily or constructively terminated within two years following a Change in Control, any conditions on your rights under, or any restrictions on transfer or exercisability applicable to, each such Alternative alternative Option shall be waived or shall lapse.