Maine Stock Option Agreement: A Comprehensive Overview of the Agreement Types between America Online, Inc. and MapQuest. Com, Inc. Introduction: The Maine Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. represents a legally binding contract that outlines the terms and conditions related to stock options granted by AOL to MapQuest. Com, Inc. This detailed description aims to provide an overview of the agreement types associated with this partnership. 1. Vesting Agreement: The Vesting Agreement is a crucial component of the Maine Stock Option Agreement. It specifies the time frame during which MapQuest. Com, Inc. employees can exercise their stock options. Typically, a vesting schedule is established, ensuring that stock options become gradually exercisable over a certain period. This incentivizes employees to remain with the company, fostering long-term commitment and alignment of interests. 2. Exercise Price: The Maine Stock Option Agreement defines the exercise price, which is the price at which MapQuest. Com, Inc. employees can purchase AOL's stock. This price is predetermined and can vary, depending on the specific agreement terms. Generally, the exercise price is set at a discount to the current market price, allowing employees to benefit from potential capital gains in the future. 3. Expiration and Termination: The agreement also highlights the expiration and termination dates associated with the stock options. Expiration typically occurs several years after the grant date, providing employees with a sufficient window to exercise their options. Termination clauses may be included to address scenarios such as employee departure or acquisition and outline the implications for vested and invested options. 4. Stock Option Types: Within the Maine Stock Option Agreement, various types of stock options may be specified, each with distinct characteristics: a. Non-Qualified Stock Options (SOS): SOS are often granted to employees, allowing them to purchase stock at a predetermined price. These options are subject to ordinary income tax upon exercise, based on the spread between the fair market value and the exercise price. b. Incentive Stock Options (SOS): SOS provide additional tax advantages as they are taxed at long-term capital gains rates instead of ordinary income tax rates. Certain eligibility criteria, set by the Internal Revenue Code, must be met to qualify for ISO status. c. Restricted Stock Units (RSS): RSS represent promises by AOL to deliver stock in the future, usually upon the satisfaction of certain performance or time-based conditions. RSS do not grant immediate ownership but rather convert into actual stock at a later date. Conclusion: The Maine Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. encompasses various types of stock options agreements. These agreements govern the terms of employee stock option grants, including vesting, exercise prices, expiration, and termination. By offering stock options, AOL aims to incentivize and reward employees, aligning their interests with the long-term growth of the company.
Maine Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
Description
How to fill out Maine Stock Option Agreement Between America Online, Inc. And Mapquest.Com, Inc.?
US Legal Forms - one of the largest libraries of legitimate forms in the United States - offers a wide array of legitimate record templates it is possible to download or produce. While using website, you can find thousands of forms for enterprise and specific purposes, categorized by classes, suggests, or keywords and phrases.You can get the newest types of forms just like the Maine Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc. in seconds.
If you currently have a monthly subscription, log in and download Maine Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc. through the US Legal Forms local library. The Obtain key will appear on every single develop you look at. You have access to all earlier delivered electronically forms inside the My Forms tab of your account.
If you wish to use US Legal Forms the very first time, listed below are basic guidelines to help you started:
- Make sure you have picked the right develop for your personal area/area. Go through the Review key to analyze the form`s content material. Look at the develop information to actually have chosen the correct develop.
- When the develop doesn`t suit your specifications, make use of the Lookup field at the top of the display screen to get the one that does.
- In case you are satisfied with the shape, validate your option by clicking on the Buy now key. Then, select the pricing program you like and offer your accreditations to sign up to have an account.
- Method the purchase. Make use of your bank card or PayPal account to accomplish the purchase.
- Select the structure and download the shape on your system.
- Make changes. Load, revise and produce and indicator the delivered electronically Maine Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc..
Every single format you added to your money does not have an expiration time and is the one you have for a long time. So, if you would like download or produce yet another backup, just go to the My Forms area and then click in the develop you require.
Get access to the Maine Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc. with US Legal Forms, probably the most substantial local library of legitimate record templates. Use thousands of specialist and condition-specific templates that fulfill your organization or specific needs and specifications.