Substitute Options. Subject to the provisions of clause (iii) below, after the effective date of such Change of Control, the Optionee shall be entitled, upon exercise of the Option, to receive, in lieu of shares of the Company's Common Stock (or consideration based upon the Fair Market Value of the Company's Common Stock), shares of such stock or other securities, cash or property (or consideration based upon shares of such stock or other securities, cash or property) as the holders of shares of the Company's Common Stock received in connection with the Change of Control.
Appears in 4 contracts
Samples: 1998 Stock Incentive Plan Incentive Stock Option Agreement (Allaire Corp), 1998 Stock Incentive Plan Incentive Stock Option Agreement (Allaire Corp), Corporation 1998 Stock Incentive Plan Nonstatutory Employee Stock Option Agreement (Allaire Corp)
