Nebraska 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 Nebraska Stock Option Agreement refers to a legally binding contract between America Online, Inc. (AOL) and MapQuest. Com, Inc. that outlines the terms and conditions for the issuance of stock options to employees or certain individuals within the companies. This agreement aims to provide an incentive for key personnel to contribute to the growth and success of the companies while aligning their interests with the company's shareholders. Under the Nebraska Stock Option Agreement, AOL grants MapQuest. Com the right to purchase a certain number of shares of AOL's stock at a predetermined price, known as the exercise price, within a specified period. The agreement may include various types of stock options, each serving a different purpose. Some common types of Nebraska Stock Option Agreements between AOL and MapQuest. Com include: 1. Incentive Stock Options (SOS): These are stock options that provide certain tax advantages to the recipient. SOS are typically only given to employees and must meet specific requirements defined by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Non-qualified stock options are not subject to the same tax advantages as SOS but are more flexible in terms of eligibility criteria. They can be granted to employees, directors, consultants, or contractors, offering more versatility in the recipient pool. 3. Restricted Stock Units (RSS): RSS are a type of stock-based compensation that grants employees the right to receive shares of the company's stock at a future date. Unlike traditional stock options, RSS do not offer an exercise price but involve vesting periods where the recipient must fulfill certain conditions before obtaining ownership of the shares. 4. Performance-Based Options: These stock options are typically tied to certain performance goals or milestones outlined by the agreement. Employees or individuals must meet these objectives to exercise the options and acquire the shares, providing an additional incentive for performance improvement and aligning their interests with the company's success. 5. Phantom Stock Options: Phantom stock options simulate real stock options, where the recipient is entitled to a cash payment equivalent to the increase in the company stock's value. With phantom stock options, no actual ownership of shares occurs, providing more flexibility for compensation purposes. The Nebraska Stock Option Agreement between AOL and MapQuest. Com ensures that both parties understand their obligations, including vesting periods, exercise periods, eligibility requirements, and any restrictions on the transfer of stock options. This agreement serves as a crucial tool in motivating and retaining key talent, fostering a sense of ownership, and aligning the interests of employees with the long-term success of the companies.

Nebraska Stock Option Agreement refers to a legally binding contract between America Online, Inc. (AOL) and MapQuest. Com, Inc. that outlines the terms and conditions for the issuance of stock options to employees or certain individuals within the companies. This agreement aims to provide an incentive for key personnel to contribute to the growth and success of the companies while aligning their interests with the company's shareholders. Under the Nebraska Stock Option Agreement, AOL grants MapQuest. Com the right to purchase a certain number of shares of AOL's stock at a predetermined price, known as the exercise price, within a specified period. The agreement may include various types of stock options, each serving a different purpose. Some common types of Nebraska Stock Option Agreements between AOL and MapQuest. Com include: 1. Incentive Stock Options (SOS): These are stock options that provide certain tax advantages to the recipient. SOS are typically only given to employees and must meet specific requirements defined by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Non-qualified stock options are not subject to the same tax advantages as SOS but are more flexible in terms of eligibility criteria. They can be granted to employees, directors, consultants, or contractors, offering more versatility in the recipient pool. 3. Restricted Stock Units (RSS): RSS are a type of stock-based compensation that grants employees the right to receive shares of the company's stock at a future date. Unlike traditional stock options, RSS do not offer an exercise price but involve vesting periods where the recipient must fulfill certain conditions before obtaining ownership of the shares. 4. Performance-Based Options: These stock options are typically tied to certain performance goals or milestones outlined by the agreement. Employees or individuals must meet these objectives to exercise the options and acquire the shares, providing an additional incentive for performance improvement and aligning their interests with the company's success. 5. Phantom Stock Options: Phantom stock options simulate real stock options, where the recipient is entitled to a cash payment equivalent to the increase in the company stock's value. With phantom stock options, no actual ownership of shares occurs, providing more flexibility for compensation purposes. The Nebraska Stock Option Agreement between AOL and MapQuest. Com ensures that both parties understand their obligations, including vesting periods, exercise periods, eligibility requirements, and any restrictions on the transfer of stock options. This agreement serves as a crucial tool in motivating and retaining key talent, fostering a sense of ownership, and aligning the interests of employees with the long-term success of the companies.