New Mexico 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 New Mexico Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. The New Mexico Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding document outlining the terms and conditions under which stock options are granted by America Online, Inc. to eligible employees of MapQuest. Com, Inc. The agreement serves as a means to incentivize and retain talented individuals within MapQuest. Com, Inc. while aligning their interests with the long-term success of the company. This stock option agreement consists of various provisions, including the following relevant keywords: 1. Grant of Stock Options: The agreement outlines the specific number of stock options being granted to eligible employees. These options give employees the right to purchase company shares at a predetermined price, known as the exercise price, within a specified period. 2. Exercise Price: The exercise price is the predetermined price at which an employee can purchase company shares through the stock options. This price is usually set at fair market value at the time of grant. 3. Vesting Schedule: The New Mexico Stock Option Agreement establishes a vesting schedule, determining when and how the granted stock options become exercisable. This schedule ensures that employees must meet certain requirements, such as remaining employed for a specific period or achieving performance milestones, before exercising their options. 4. Termination of Options: The agreement details the circumstances under which stock options may be terminated, such as through the voluntary resignation, retirement, or termination for cause of an employee. It may also address scenarios like death or disability. 5. Change of Control: This provision covers the treatment of stock options in the event of a change in control of MapQuest. Com, Inc., such as a merger, acquisition, or purchase of a significant portion of its assets. It clarifies how the stock options will be affected and whether accelerated vesting or other provisions will kick in. 6. Tax Implications: The agreement may include provisions addressing the tax implications of stock options for both America Online, Inc. and MapQuest. Com, Inc., as well as the employees who exercise their options. It may address applicable federal, state, and local tax laws. Different types of New Mexico Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may exist based on factors such as the level of employees (e.g., executives, managers, or general employees) or specific terms agreed upon by both parties. These variations may include different stock option grant sizes, exercise periods, vesting schedules, termination provisions, and change of control provisions. In conclusion, the New Mexico Stock Option Agreement establishes the framework within which eligible employees of MapQuest. Com, Inc. receive stock options granted by America Online, Inc. It safeguards the interests of both parties and provides a means to align the employees' success with the long-term growth of the company.

New Mexico Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. The New Mexico Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding document outlining the terms and conditions under which stock options are granted by America Online, Inc. to eligible employees of MapQuest. Com, Inc. The agreement serves as a means to incentivize and retain talented individuals within MapQuest. Com, Inc. while aligning their interests with the long-term success of the company. This stock option agreement consists of various provisions, including the following relevant keywords: 1. Grant of Stock Options: The agreement outlines the specific number of stock options being granted to eligible employees. These options give employees the right to purchase company shares at a predetermined price, known as the exercise price, within a specified period. 2. Exercise Price: The exercise price is the predetermined price at which an employee can purchase company shares through the stock options. This price is usually set at fair market value at the time of grant. 3. Vesting Schedule: The New Mexico Stock Option Agreement establishes a vesting schedule, determining when and how the granted stock options become exercisable. This schedule ensures that employees must meet certain requirements, such as remaining employed for a specific period or achieving performance milestones, before exercising their options. 4. Termination of Options: The agreement details the circumstances under which stock options may be terminated, such as through the voluntary resignation, retirement, or termination for cause of an employee. It may also address scenarios like death or disability. 5. Change of Control: This provision covers the treatment of stock options in the event of a change in control of MapQuest. Com, Inc., such as a merger, acquisition, or purchase of a significant portion of its assets. It clarifies how the stock options will be affected and whether accelerated vesting or other provisions will kick in. 6. Tax Implications: The agreement may include provisions addressing the tax implications of stock options for both America Online, Inc. and MapQuest. Com, Inc., as well as the employees who exercise their options. It may address applicable federal, state, and local tax laws. Different types of New Mexico Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may exist based on factors such as the level of employees (e.g., executives, managers, or general employees) or specific terms agreed upon by both parties. These variations may include different stock option grant sizes, exercise periods, vesting schedules, termination provisions, and change of control provisions. In conclusion, the New Mexico Stock Option Agreement establishes the framework within which eligible employees of MapQuest. Com, Inc. receive stock options granted by America Online, Inc. It safeguards the interests of both parties and provides a means to align the employees' success with the long-term growth of the company.