New Hampshire 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 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.

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.