Stock-Option Agreement between America Online, Inc. and Mapquest.Com, Inc. dated December 21, 1999. 14 pages
Description: The Nevada Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding document that outlines the terms and conditions of stock options granted to employees or stakeholders of MapQuest. Com, Inc. by America Online, Inc. This agreement allows eligible individuals to purchase or acquire company stock at a predetermined price and within a specific timeframe. The stock options provided under this agreement serve as a form of compensation, incentivizing employees and stakeholders to work towards the growth and success of MapQuest. Com, Inc. By granting stock options, America Online, Inc. aims to align the interests of its employees and stakeholders with the company's overall goals, fostering a sense of ownership and motivation. The Nevada Stock Option Agreement includes various key elements, such as the number of options granted, exercise price, vesting period, expiration date, and conditions for exercise or sale. It also defines the rights and restrictions associated with the stock options, including any provisions for early termination, forfeiture, or transferability. Within the ambit of Nevada Stock Option Agreements, two common types can be identified: 1. Employee Stock Option Agreement: This type of agreement focuses on stock options granted to employees of MapQuest. Com, Inc. These options are typically offered as part of an overall compensation package or as a performance-based incentive. 2. Stakeholder Stock Option Agreement: This type of agreement extends stock options to stakeholders or individuals who have a direct interest in the success and growth of MapQuest. Com, Inc. These stakeholders might include investors, advisers, or strategic partners who contribute to the company's development. In summary, the Nevada Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. establishes the terms and conditions for granting stock options to employees and stakeholders. This agreement plays a crucial role in aligning the interests of individuals with the company's goals, ultimately contributing to the success and growth of MapQuest. Com, Inc.
Description: The Nevada Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding document that outlines the terms and conditions of stock options granted to employees or stakeholders of MapQuest. Com, Inc. by America Online, Inc. This agreement allows eligible individuals to purchase or acquire company stock at a predetermined price and within a specific timeframe. The stock options provided under this agreement serve as a form of compensation, incentivizing employees and stakeholders to work towards the growth and success of MapQuest. Com, Inc. By granting stock options, America Online, Inc. aims to align the interests of its employees and stakeholders with the company's overall goals, fostering a sense of ownership and motivation. The Nevada Stock Option Agreement includes various key elements, such as the number of options granted, exercise price, vesting period, expiration date, and conditions for exercise or sale. It also defines the rights and restrictions associated with the stock options, including any provisions for early termination, forfeiture, or transferability. Within the ambit of Nevada Stock Option Agreements, two common types can be identified: 1. Employee Stock Option Agreement: This type of agreement focuses on stock options granted to employees of MapQuest. Com, Inc. These options are typically offered as part of an overall compensation package or as a performance-based incentive. 2. Stakeholder Stock Option Agreement: This type of agreement extends stock options to stakeholders or individuals who have a direct interest in the success and growth of MapQuest. Com, Inc. These stakeholders might include investors, advisers, or strategic partners who contribute to the company's development. In summary, the Nevada Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. establishes the terms and conditions for granting stock options to employees and stakeholders. This agreement plays a crucial role in aligning the interests of individuals with the company's goals, ultimately contributing to the success and growth of MapQuest. Com, Inc.