If you ignored the options at the start and got the market rate salary as the OP suggested, then you can just wait it out. That's the point of getting market rate up front.
I think what the OP was really trying to avoid was working for 1/2 market rate for years, and then ending up in your scenario.
I think what the OP was really trying to avoid was working for 1/2 market rate for years, and then ending up in your scenario.