Title: Understanding the Guam Stock Option Agreement: America Online, Inc. and MapQuest. Com, Inc. Introduction: The Guam Stock Option Agreement serves as a crucial component in the business relationship between America Online, Inc. (AOL) and MapQuest. Com, Inc. This legal document outlines the terms and conditions under which stock options are granted to individuals associated with MapQuest. Com, Inc. by America Online, Inc. This article provides an in-depth overview of the Guam Stock Option Agreement, highlighting its importance and any potential variations. Keywords: Guam Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, legal document, terms and conditions. Body: 1. General Understanding: The Guam Stock Option Agreement serves as a contractual arrangement between America Online, Inc. and MapQuest. Com, Inc., providing eligible employees or members within MapQuest. Com, Inc. with the opportunity to acquire stock options in America Online, Inc. It defines the rights, obligations, and conditions associated with the stock option grant. 2. Key Elements of the Agreement: a) Granting of Stock Options: The agreement outlines the number and type of stock options that America Online, Inc. will grant to eligible individuals within MapQuest. Com, Inc. This may include details about the vesting period, exercise price, and any restrictions or limitations. b) Exercise Period and Conditions: The Guam Stock Option Agreement specifies the period during which individuals can exercise their stock options. It may also include conditions, such as continuous service requirements or reaching specific performance milestones. c) Taxation and Withholding: This section addresses the tax implications and any required withholding obligations associated with the exercise and sale of stock options under the agreement. d) Transferability and Clawback Provisions: The agreement may contain provisions regarding the transferability of stock options and potential clawback rights, which allow America Online, Inc. to recover previously exercised options under certain circumstances. e) Termination or Change of Control: The agreement may include provisions outlining the treatment of stock options in the event of termination, merger, acquisition, or other change of control scenarios. 3. Potential Types of Guam Stock Option Agreements: a) Employee Stock Option Agreement: Designed for regular employees within MapQuest. Com, Inc., this type of agreement is aimed at enhancing employee retention and incentivizing long-term commitment. b) Consultant Stock Option Agreement: Tailored for consultants or independent contractors working with MapQuest. Com, Inc., this agreement allows such individuals to acquire stock options as compensation for their services. c) Board Member Stock Option Agreement: Specifically developed for members of the board or directors of MapQuest. Com, Inc., this agreement provides stock options as a form of remuneration for enhancing the company's strategic direction. Conclusion: Understanding the Guam Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is crucial for individuals associated with MapQuest and for those interested in the legal and financial aspects of stock options. By comprehending the key elements and potential variations of this agreement, individuals can confidently navigate the realm of stock-based compensation and its implications for their personal financial growth and commitment to the company. Note: It is important to consult legal and financial professionals for specific guidance related to the Guam Stock Option Agreement discussed above.
Guam Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
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State:
Multi-State
Control #:
US-EG-9052
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Word;
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Description
Stock-Option Agreement between America Online, Inc. and Mapquest.Com, Inc. dated December 21, 1999. 14 pages
Title: Understanding the Guam Stock Option Agreement: America Online, Inc. and MapQuest. Com, Inc. Introduction: The Guam Stock Option Agreement serves as a crucial component in the business relationship between America Online, Inc. (AOL) and MapQuest. Com, Inc. This legal document outlines the terms and conditions under which stock options are granted to individuals associated with MapQuest. Com, Inc. by America Online, Inc. This article provides an in-depth overview of the Guam Stock Option Agreement, highlighting its importance and any potential variations. Keywords: Guam Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, legal document, terms and conditions. Body: 1. General Understanding: The Guam Stock Option Agreement serves as a contractual arrangement between America Online, Inc. and MapQuest. Com, Inc., providing eligible employees or members within MapQuest. Com, Inc. with the opportunity to acquire stock options in America Online, Inc. It defines the rights, obligations, and conditions associated with the stock option grant. 2. Key Elements of the Agreement: a) Granting of Stock Options: The agreement outlines the number and type of stock options that America Online, Inc. will grant to eligible individuals within MapQuest. Com, Inc. This may include details about the vesting period, exercise price, and any restrictions or limitations. b) Exercise Period and Conditions: The Guam Stock Option Agreement specifies the period during which individuals can exercise their stock options. It may also include conditions, such as continuous service requirements or reaching specific performance milestones. c) Taxation and Withholding: This section addresses the tax implications and any required withholding obligations associated with the exercise and sale of stock options under the agreement. d) Transferability and Clawback Provisions: The agreement may contain provisions regarding the transferability of stock options and potential clawback rights, which allow America Online, Inc. to recover previously exercised options under certain circumstances. e) Termination or Change of Control: The agreement may include provisions outlining the treatment of stock options in the event of termination, merger, acquisition, or other change of control scenarios. 3. Potential Types of Guam Stock Option Agreements: a) Employee Stock Option Agreement: Designed for regular employees within MapQuest. Com, Inc., this type of agreement is aimed at enhancing employee retention and incentivizing long-term commitment. b) Consultant Stock Option Agreement: Tailored for consultants or independent contractors working with MapQuest. Com, Inc., this agreement allows such individuals to acquire stock options as compensation for their services. c) Board Member Stock Option Agreement: Specifically developed for members of the board or directors of MapQuest. Com, Inc., this agreement provides stock options as a form of remuneration for enhancing the company's strategic direction. Conclusion: Understanding the Guam Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is crucial for individuals associated with MapQuest and for those interested in the legal and financial aspects of stock options. By comprehending the key elements and potential variations of this agreement, individuals can confidently navigate the realm of stock-based compensation and its implications for their personal financial growth and commitment to the company. Note: It is important to consult legal and financial professionals for specific guidance related to the Guam Stock Option Agreement discussed above.
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