Oklahoma Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. The Oklahoma Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that outlines the terms and conditions for stock option grants between these two entities. This agreement is specific to the state of Oklahoma and serves as a framework for the issuance, exercise, and ownership of stock options within this jurisdiction. Keywords: Oklahoma, Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc. Types of Oklahoma Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc.: 1. Incentive Stock Option (ISO) Agreement: This type of agreement provides employees of MapQuest. Com, Inc. with the opportunity to purchase company stock at a predetermined price, granting certain tax advantages to the employees if specific criteria are met. These ISO agreements comply with the regulations outlined in the Oklahoma Stock Option Agreement. 2. Non-Qualified Stock Option (NO) Agreement: This agreement differs from the ISO agreement as it does not meet all the requirements for preferential tax treatment. Non-qualified stock options provide employees with the right to purchase company shares at a specified price, but the employees may be subject to ordinary income tax rates on the profit gained from exercising these options. 3. Vesting Schedule Agreement: This agreement establishes a timeline for the gradual acquisition of stock options by eligible employees. It outlines the conditions under which options become exercisable, typically over a specific period, to ensure continued loyalty and commitment from employees. The vesting schedule agreement is an essential component of the Oklahoma Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. 4. Stock Option Exercise Agreement: This agreement governs the process by which employees can exercise their stock options, allowing them to buy shares of company stock. It details the procedures, timelines, and any associated costs or fees related to exercising the options. The stock option exercise agreement ensures that the exercise process complies with the terms set forth in the Oklahoma Stock Option Agreement. 5. Stock Option Repurchase Agreement: This type of agreement outlines the circumstances in which America Online, Inc. or MapQuest. Com, Inc. may repurchase stock options from employees. It typically includes provisions allowing the companies to repurchase options in the event of termination of employment or other specified situations. The stock option repurchase agreement ensures that both parties are aware of their rights and obligations regarding the repurchase of options as stated within the Oklahoma Stock Option Agreement. In conclusion, the Oklahoma Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a comprehensive legal document that governs the issuance, exercise, and ownership of stock options in Oklahoma specifically. It encompasses various types of agreements, including ISO and NO agreements, vesting schedules, stock option exercise agreements, and stock option repurchase agreements. These agreements ensure clarity and protection for both companies and employees involved in the stock option program.
Oklahoma Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
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