SUBSTITUTE INCENTIVES Clause Samples
SUBSTITUTE INCENTIVES. In the event that (i) a Change in Control occurs prior to an IPO, and prior to December 31, 2004, or (ii) neither a Change in Control, nor an IPO, occurs prior to December 31, 2004, then in each case the Company shall provide the Executive with an appropriate substitute for the initial Stock Option Award. Such substitute award shall be determined through good faith negotiations by the Parties in which each Party shall use its best reasonable efforts to agree promptly upon an appropriate award.
SUBSTITUTE INCENTIVES. In the event that (i) a Change in Control occurs prior to an IPO, and prior to December 31, 2004, or (ii) neither a Change in Control, nor an IPO, occurs prior to December 31, 2004, then in each case the Company shall provide the Executive with an appropriate substitute for the initial Stock Option Award.