New York 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 Title: Understanding the New York Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. Introduction: The New York Stock Option Agreement (the "Agreement") between America Online, Inc. (AOL) and MapQuest. Com, Inc. is a legally binding contract that outlines the details of stock options granted by AOL to MapQuest. Com, Inc. This agreement enables MapQuest. Com to acquire or sell a specific number of AOL stocks at a predetermined price and within a specified time frame. Multiple types of stock option agreements exist, each serving different purposes in the business relationship between AOL and MapQuest. Com. Keywords: New York, Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., types, details, stock options, acquired, sold, predetermined price, specified time frame, business relationship. Types of New York Stock Option Agreement: 1. Incentive Stock Option Agreement: The Incentive Stock Option Agreement is granted to key employees of MapQuest. Com, Inc., as an incentive for their continued commitment and contribution to the company's success. This agreement offers favorable tax treatment and encourages long-term retention and loyalty among executives and employees. Keywords: Incentive Stock Option Agreement, key employees, commitment, contribution, favorable tax treatment, long-term retention, loyalty. 2. Employee Stock Option Agreement: The Employee Stock Option Agreement is widely utilized by MapQuest. Com, Inc. to reward its employees' efforts, dedication, and performance. This agreement grants qualified employees the opportunity to purchase AOL stocks at a predetermined price, providing them with a chance to participate in the company's growth and financial success. Keywords: Employee Stock Option Agreement, reward, efforts, dedication, performance, qualified employees, stock purchase opportunity, growth, financial success. 3. Non-Qualified Stock Option Agreement: Non-Qualified Stock Option Agreements are typically offered to consultants or non-primary employees of MapQuest. Com, Inc. These agreements allow individuals to purchase AOL stocks at a predetermined price, but they do not possess the same tax advantages as Incentive Stock Option Agreements. Keywords: Non-Qualified Stock Option Agreement, consultants, non-primary employees, stock purchase, predetermined price, tax advantages. Key Elements of the Agreement: The New York Stock Option Agreement between AOL and MapQuest. Com, Inc. comprises several essential elements. These include: 1. Number of Stock Options: The Agreement stipulates the number of AOL stocks granted to MapQuest. Com, Inc. The quantity reflects the commitment of AOL towards MapQuest. Com's success and outlines the potential benefits MapQuest. Com enjoys as a result. 2. Exercise Price: The Exercise Price represents the predetermined cost at which MapQuest. Com can purchase the AOL stocks. This price is agreed upon by both parties and remains fixed throughout the duration of the Agreement. 3. Vesting Schedule: The Vesting Schedule outlines the timeline or conditions under which MapQuest. Com can exercise its stock options. The agreement may specify a period of time before the options become exercisable or require certain performance criteria to be met. 4. Expiration Date: The Agreement sets an expiration date, delineating the duration within which MapQuest. Com must exercise its stock options. If the options are not exercised within this timeframe, they will become void. Conclusion: The New York Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a crucial financial instrument that strengthens their business relationship. By implementing various types of stock option agreements, such as Incentive Stock Option Agreements, Employee Stock Option Agreements, and Non-Qualified Stock Option Agreements, AOL motivates and retains key employees, rewards dedication, and propels MapQuest. Com's growth. The detailed elements of the Agreement, including the number of stock options, exercise price, vesting schedule, and expiration date, ensure clarity and alignment between both companies. Keywords: agreement, AOL, MapQuest. Com, Inc., stock options, exercise price, number of stock options, vesting schedule, expiration date, motivation, retention, dedication, growth, business relationship.

Title: Understanding the New York Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. Introduction: The New York Stock Option Agreement (the "Agreement") between America Online, Inc. (AOL) and MapQuest. Com, Inc. is a legally binding contract that outlines the details of stock options granted by AOL to MapQuest. Com, Inc. This agreement enables MapQuest. Com to acquire or sell a specific number of AOL stocks at a predetermined price and within a specified time frame. Multiple types of stock option agreements exist, each serving different purposes in the business relationship between AOL and MapQuest. Com. Keywords: New York, Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., types, details, stock options, acquired, sold, predetermined price, specified time frame, business relationship. Types of New York Stock Option Agreement: 1. Incentive Stock Option Agreement: The Incentive Stock Option Agreement is granted to key employees of MapQuest. Com, Inc., as an incentive for their continued commitment and contribution to the company's success. This agreement offers favorable tax treatment and encourages long-term retention and loyalty among executives and employees. Keywords: Incentive Stock Option Agreement, key employees, commitment, contribution, favorable tax treatment, long-term retention, loyalty. 2. Employee Stock Option Agreement: The Employee Stock Option Agreement is widely utilized by MapQuest. Com, Inc. to reward its employees' efforts, dedication, and performance. This agreement grants qualified employees the opportunity to purchase AOL stocks at a predetermined price, providing them with a chance to participate in the company's growth and financial success. Keywords: Employee Stock Option Agreement, reward, efforts, dedication, performance, qualified employees, stock purchase opportunity, growth, financial success. 3. Non-Qualified Stock Option Agreement: Non-Qualified Stock Option Agreements are typically offered to consultants or non-primary employees of MapQuest. Com, Inc. These agreements allow individuals to purchase AOL stocks at a predetermined price, but they do not possess the same tax advantages as Incentive Stock Option Agreements. Keywords: Non-Qualified Stock Option Agreement, consultants, non-primary employees, stock purchase, predetermined price, tax advantages. Key Elements of the Agreement: The New York Stock Option Agreement between AOL and MapQuest. Com, Inc. comprises several essential elements. These include: 1. Number of Stock Options: The Agreement stipulates the number of AOL stocks granted to MapQuest. Com, Inc. The quantity reflects the commitment of AOL towards MapQuest. Com's success and outlines the potential benefits MapQuest. Com enjoys as a result. 2. Exercise Price: The Exercise Price represents the predetermined cost at which MapQuest. Com can purchase the AOL stocks. This price is agreed upon by both parties and remains fixed throughout the duration of the Agreement. 3. Vesting Schedule: The Vesting Schedule outlines the timeline or conditions under which MapQuest. Com can exercise its stock options. The agreement may specify a period of time before the options become exercisable or require certain performance criteria to be met. 4. Expiration Date: The Agreement sets an expiration date, delineating the duration within which MapQuest. Com must exercise its stock options. If the options are not exercised within this timeframe, they will become void. Conclusion: The New York Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a crucial financial instrument that strengthens their business relationship. By implementing various types of stock option agreements, such as Incentive Stock Option Agreements, Employee Stock Option Agreements, and Non-Qualified Stock Option Agreements, AOL motivates and retains key employees, rewards dedication, and propels MapQuest. Com's growth. The detailed elements of the Agreement, including the number of stock options, exercise price, vesting schedule, and expiration date, ensure clarity and alignment between both companies. Keywords: agreement, AOL, MapQuest. Com, Inc., stock options, exercise price, number of stock options, vesting schedule, expiration date, motivation, retention, dedication, growth, business relationship.