The New Hampshire Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. is a legally binding document that outlines the terms and conditions under which AOL grants stock options to employees of MapQuest. Com, Inc. based in New Hampshire. This agreement serves to incentivize and reward employees by providing them with the opportunity to purchase a specified number of shares of AOL common stock at a predetermined price within a set time frame. The agreement includes various important details, which can be categorized into the following sections: 1. Parties involved: This agreement involves two parties, America Online, Inc. (AOL) and MapQuest. Com, Inc. AOL is the granting entity, while MapQuest. Com, Inc. is the recipient of the stock options. 2. Grant of stock options: The agreement outlines the number of stock options being granted to each specified employee. The options may be subject to vesting requirements, which determine the timeline and conditions under which the options become exercisable. 3. Exercise price: The exercise price, also known as the strike price, is the predetermined price at which the employee can purchase AOL common stock. This price is typically set at fair market value on the date of the grant. 4. Exercise period: The agreement specifies the duration within which the stock options can be exercised. This period is usually several years from the date of the grant, allowing employees ample time to decide when to exercise their options. 5. Termination provisions: The agreement may include provisions that address the treatment of stock options in the event of an employee's termination, whether it be voluntary or involuntary. This ensures that employees understand the impact of their employment status on their stock options. 6. Governing law and jurisdiction: As this specific agreement pertains to employees based in New Hampshire, the document will reference New Hampshire state law as the governing law and any disputes arising from the agreement will be resolved within the designated jurisdiction. It's worth noting that there may be multiple types or variations of the New Hampshire Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. These variations could arise due to specific agreements tailored for different employee groups or based on various factors such as position, performance, or seniority within the company. However, the core elements outlined above would likely remain consistent across these variations, with specific adjustments made to address unique circumstances as required by the parties involved.
New Hampshire Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
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How to fill out Stock Option Agreement Between America Online, Inc. And Mapquest.Com, Inc.?
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An option contract is a promise to keep an offer open for another party to accept within a period of time. With an option contract, the offeror is not permitted to revoke the offer within the stated period of time. Most option contracts require consideration and other contract formalities in order to be enforceable.
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.
Unit Option Agreement means an agreement in writing between the Participant and one or more Affiliates that shall specify the Grant Value of each Unit Option, the duration of each Unit Option, the number of Unit Options granted, the effect of any Termination on Restricted Units, and such other terms and conditions as ...
Share-option schemes are typically used as an incentive for employees. A share option is the right to buy a certain number of shares at a fixed price, some period of time in the future, within a company.
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.
A share option agreement is an agreement between the holder of shares and a third party giving one party the right (but not the obligation) to purchase or sell shares at a future date, at an agreed price. If the option is exercised, the other party is obliged to purchase or sell those shares.
Employee stock options can be a lucrative part of an individual's overall compensation package, although not every company offers them. Workers can buy shares at a pre-determined price at a future date, regardless of the price of the stock when the options are exercised.