Kentucky 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 Kentucky Stock Option Agreement is a legally binding contract between America Online, Inc. (AOL) and MapQuest. Com, Inc. It outlines the terms and conditions for the issuance of stock options to employees or certain individuals associated with MapQuest. Com, Inc. by America Online, Inc. This agreement grants the individuals the right to purchase a specified number of shares of America Online, Inc.'s common stock at a predetermined price, referred to as the exercise price. The Kentucky Stock Option Agreement serves as a valuable tool for employee compensation and retention. It incentivizes and rewards employees of MapQuest. Com, Inc. by providing them with opportunities to own equity in America Online, Inc. This creates a sense of ownership and aligns the interests of the employees with the overall success and growth of the company. The agreement specifies certain key details, such as the number of stock options granted, the exercise price, the vesting period (the duration the employee must wait before exercising the options), and the expiration date (the date by which the options must be exercised). There are various types or structures of Kentucky Stock Option Agreements that could exist between America Online, Inc. and MapQuest. Com, Inc., some of which are: 1. Non-Qualified Stock Option (NO): This type of stock option is granted to employees or certain individuals who do not meet the requirements for receiving incentive stock options. SOS are typically more flexible in their terms and often subject to ordinary income tax upon exercise. 2. Incentive Stock Option (ISO): These stock options are granted to employees and provide certain tax advantages. To qualify for SOS, recipients must meet specific eligibility criteria defined by the Internal Revenue Service (IRS). SOS generally have more favorable tax treatment, with potential tax benefits upon exercise and sale. 3. Restricted Stock Units (RSS): While not technically stock options, RSS are often included in stock option agreements. They represent a promise to deliver shares of America Online, Inc.'s common stock in the future, subject to certain vesting conditions. RSS are increasingly popular as they align with long-term retention and performance goals. It is important for both parties to carefully draft and review the Kentucky Stock Option Agreement to ensure clarity, compliance with relevant laws and regulations, and protection of both parties' interests. This document outlines the rights and obligations of the parties involved and provides a framework for the potential transfer of ownership in America Online, Inc. through the exercise of stock options by MapQuest. Com, Inc. employees or individuals associated with the company.

Kentucky Stock Option Agreement is a legally binding contract between America Online, Inc. (AOL) and MapQuest. Com, Inc. It outlines the terms and conditions for the issuance of stock options to employees or certain individuals associated with MapQuest. Com, Inc. by America Online, Inc. This agreement grants the individuals the right to purchase a specified number of shares of America Online, Inc.'s common stock at a predetermined price, referred to as the exercise price. The Kentucky Stock Option Agreement serves as a valuable tool for employee compensation and retention. It incentivizes and rewards employees of MapQuest. Com, Inc. by providing them with opportunities to own equity in America Online, Inc. This creates a sense of ownership and aligns the interests of the employees with the overall success and growth of the company. The agreement specifies certain key details, such as the number of stock options granted, the exercise price, the vesting period (the duration the employee must wait before exercising the options), and the expiration date (the date by which the options must be exercised). There are various types or structures of Kentucky Stock Option Agreements that could exist between America Online, Inc. and MapQuest. Com, Inc., some of which are: 1. Non-Qualified Stock Option (NO): This type of stock option is granted to employees or certain individuals who do not meet the requirements for receiving incentive stock options. SOS are typically more flexible in their terms and often subject to ordinary income tax upon exercise. 2. Incentive Stock Option (ISO): These stock options are granted to employees and provide certain tax advantages. To qualify for SOS, recipients must meet specific eligibility criteria defined by the Internal Revenue Service (IRS). SOS generally have more favorable tax treatment, with potential tax benefits upon exercise and sale. 3. Restricted Stock Units (RSS): While not technically stock options, RSS are often included in stock option agreements. They represent a promise to deliver shares of America Online, Inc.'s common stock in the future, subject to certain vesting conditions. RSS are increasingly popular as they align with long-term retention and performance goals. It is important for both parties to carefully draft and review the Kentucky Stock Option Agreement to ensure clarity, compliance with relevant laws and regulations, and protection of both parties' interests. This document outlines the rights and obligations of the parties involved and provides a framework for the potential transfer of ownership in America Online, Inc. through the exercise of stock options by MapQuest. Com, Inc. employees or individuals associated with the company.