Arizona Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-EG-9052
• Format: Word; Rich Text

Description

Stock-Option Agreement between America Online, Inc. and Mapquest.Com, Inc. dated December 21, 1999. 14 pages The Arizona Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. is a legally binding contract that establishes the terms and conditions for the issuance and exercise of stock options to employees of MapQuest. Com, Inc. The agreement outlines the rights and obligations of both parties involved in the stock option program. Keywords: Arizona Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, employees, terms and conditions, issuance, exercise, rights, obligations, program. Under this agreement, AOL grants MapQuest. Com employees the right to purchase a specific number of common stock shares of MapQuest. Com at a predetermined price within a specified time frame. This provides an opportunity for employees to benefit from the future growth and success of MapQuest. Com. The stock options offered under the Arizona Stock Option Agreement may differ based on various factors, such as the exercise price, vesting schedule, and expiration date. Different types of stock options commonly found in these agreements include: 1. Non-Qualified Stock Options (Nests): These options offer employees the flexibility to purchase shares at a predetermined price (exercise price) within a specified period. Nests are typically subject to income tax upon exercise, based on the difference between the exercise price and the fair market value of the shares at the time of exercise. 2. Incentive Stock Options (SOS): SOS are special types of stock options that offer potential tax advantages. Employees can purchase shares at the exercise price without incurring immediate tax liability. However, to qualify for these tax advantages, certain requirements must be met, such as holding the shares for a specified period before selling them. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of MapQuest. Com stock to employees at a future date, usually upon the satisfaction of specific conditions (e.g., continued employment for a certain period). RSS do not require upfront payment by employees but are subject to income tax upon delivery of the shares. The Arizona Stock Option Agreement also covers important details such as the vesting schedule, which determines when employees become eligible to exercise their options. The agreement may include provisions regarding accelerated vesting in the event of a merger, acquisition, or other significant corporate events. Both AOL and MapQuest. Com have specific rights and obligations stated in the agreement, ensuring compliance with applicable laws, including securities regulations. The agreement may also outline procedures for dispute resolution, confidentiality, and any potential limitations on the transferability of the stock options. In summary, the Arizona Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a comprehensive document that governs the issuance, exercise, and conditions associated with stock options provided to MapQuest. Com employees. It provides a mechanism for employees to participate in the growth of the company, while establishing the rights and responsibilities of both parties involved. (Note: This description is fictional and created by an AI language model for illustrative purposes only. It does not represent an actual Arizona Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc.)

The Arizona Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. is a legally binding contract that establishes the terms and conditions for the issuance and exercise of stock options to employees of MapQuest. Com, Inc. The agreement outlines the rights and obligations of both parties involved in the stock option program. Keywords: Arizona Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, employees, terms and conditions, issuance, exercise, rights, obligations, program. Under this agreement, AOL grants MapQuest. Com employees the right to purchase a specific number of common stock shares of MapQuest. Com at a predetermined price within a specified time frame. This provides an opportunity for employees to benefit from the future growth and success of MapQuest. Com. The stock options offered under the Arizona Stock Option Agreement may differ based on various factors, such as the exercise price, vesting schedule, and expiration date. Different types of stock options commonly found in these agreements include: 1. Non-Qualified Stock Options (Nests): These options offer employees the flexibility to purchase shares at a predetermined price (exercise price) within a specified period. Nests are typically subject to income tax upon exercise, based on the difference between the exercise price and the fair market value of the shares at the time of exercise. 2. Incentive Stock Options (SOS): SOS are special types of stock options that offer potential tax advantages. Employees can purchase shares at the exercise price without incurring immediate tax liability. However, to qualify for these tax advantages, certain requirements must be met, such as holding the shares for a specified period before selling them. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of MapQuest. Com stock to employees at a future date, usually upon the satisfaction of specific conditions (e.g., continued employment for a certain period). RSS do not require upfront payment by employees but are subject to income tax upon delivery of the shares. The Arizona Stock Option Agreement also covers important details such as the vesting schedule, which determines when employees become eligible to exercise their options. The agreement may include provisions regarding accelerated vesting in the event of a merger, acquisition, or other significant corporate events. Both AOL and MapQuest. Com have specific rights and obligations stated in the agreement, ensuring compliance with applicable laws, including securities regulations. The agreement may also outline procedures for dispute resolution, confidentiality, and any potential limitations on the transferability of the stock options. In summary, the Arizona Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a comprehensive document that governs the issuance, exercise, and conditions associated with stock options provided to MapQuest. Com employees. It provides a mechanism for employees to participate in the growth of the company, while establishing the rights and responsibilities of both parties involved. (Note: This description is fictional and created by an AI language model for illustrative purposes only. It does not represent an actual Arizona Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc.)