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

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Stock-Option Agreement between America Online, Inc. and Mapquest.Com, Inc. dated December 21, 1999. 14 pages

California Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. A California Stock Option Agreement is a formal contractual arrangement between America Online, Inc. (AOL) and MapQuest. Com, Inc. (MapQuest), pertaining to the issuance and allocation of stock options. This agreement outlines the terms and conditions associated with stock option grants, including the rights, obligations, and responsibilities of both parties. Keywords: California Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, contractual arrangement, terms, conditions, rights, obligations, responsibilities. There are different types of California Stock Option Agreements that may be entered into between America Online, Inc. and MapQuest. Com, Inc. They include: 1. Incentive Stock Option Agreement: This type of agreement grants employees of MapQuest the right to purchase company stocks at a predetermined price, known as the exercise price or strike price. Incentive stock options (SOS) are usually granted to key employees as a form of compensation and are subject to certain tax advantages. 2. Non-Qualified Stock Option Agreement: Non-qualified stock options (Nests) provide employees with the opportunity to purchase company stocks at a predetermined price, but they do not have the same tax advantages as SOS. Nests are commonly issued to consultants, directors, and non-executive employees. 3. Restricted Stock Unit Agreement: In addition to stock options, this type of agreement offers employees the right to receive company stocks at a future date, subject to certain conditions and restrictions. Typically, restricted stock units (RSS) are granted as a form of incentive or reward, and the actual delivery of the stock occurs upon the fulfillment of specific vesting requirements. 4. Stock Appreciation Rights Agreement: Stock Appreciation Rights (SARS) provide employees with a cash or stock bonus equal to the appreciation in the company's stock price over a specific period. This agreement grants employees the right to receive the appreciation value, without actually purchasing the underlying stock. It is important to note that the specific terms and provisions within each type of California Stock Option Agreement may vary depending on the individual agreements entered into between America Online, Inc. and MapQuest. Com, Inc.

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Stock options are a form of compensation. Companies can grant them to employees, contractors, consultants and investors. These options, which are contracts, give an employee the right to buy, or exercise, a set number of shares of the company stock at a preset price, also known as the grant price.

Stock options are a form of equity compensation that allows an employee to buy a specific number of shares at a pre-set price. Many startups, private companies, and corporations will include them as part of a compensation plan for prospective employees.

A share vesting agreement (SVA) is a contract between a business and an employee, whereby the employee is provided with new shares that vest over time. These agreements lay out the terms and conditions regarding vested shares, as well as the options in relation to vesting.

ESOP is an employee benefit plan that gives the employee the right to purchase a certain number of shares in the company at a pre-determined price (typically face value or a discounted market price) after a pre-determined period. However, a company cannot just grant options by issuing a simple letter to its employees.

Employee stock options are offered by companies to their employees as equity compensation plans. These grants come in the form of regular call options and give an employee the right to buy the company's stock at a specified price for a finite period of time.

A stock option provides an employee with the opportunity to purchase a set number of shares of company stock at a certain price within a certain period of time. The price is called the ?grant price? or ?strike price.? This price is usually based on a discounted price of the stock at the time of hire.

For example, you may be granted the right to buy 1,000 shares, with the options vesting 25% per year over four years with a term of 10 years. So 25% of the ESOs, conferring the right to buy 250 shares would vest in one year from the option grant date, another 25% would vest two years from the grant date, and so on.

An employee stock option agreement (sometimes known as a share option agreement) is a contract between an employer and employee that guarantees the employee's right to purchase stock in the employer's company at a specified price after a certain period of continuous employment.

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