Stock-Option Agreement between America Online, Inc. and Mapquest.Com, Inc. dated December 21, 1999. 14 pages
The Oregon Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that outlines the terms and conditions under which stock options are granted to employees or other parties associated with the companies. This agreement specifically applies to the entities of America Online, Inc. and MapQuest. Com, Inc. in the state of Oregon. Keywords: Oregon Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, terms and conditions, employees, parties, contract. The Oregon Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. serves as a means for these companies to incentivize and reward their employees, contractors, or other individuals associated with their operations. Stock options are a popular tool used by companies to attract and retain talented individuals by offering them the opportunity to purchase company stock at a predetermined price, known as the exercise price or strike price, within a specified timeframe. This agreement outlines the eligibility criteria, vesting schedule, exercise price, quantity of stock options granted, and any additional terms or restrictions applicable to the stock options. It aims to provide transparency and clarity to the parties involved, ensuring that everyone understands the rights, obligations, and potential benefits associated with the stock options. An Oregon Stock Option Agreement can have various types based on different factors such as the classification of recipients, the purpose of granting stock options, or the specific conditions for exercising them. Some possible types of Oregon Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may include: 1. Employee Stock Option Agreement: This type of agreement is specific to employees of America Online, Inc. and MapQuest. Com, Inc. Employees who meet certain criteria defined by the companies are granted stock options as part of their compensation package. 2. Non-Employee Stock Option Agreement: Contractors, consultants, or individuals not classified as employees may also be eligible for stock options under a separate agreement. This type of agreement specifies the terms, conditions, and restrictions applicable to non-employees receiving stock options. 3. Incentive Stock Option (ISO) Agreement: SOS are subject to specific tax rules as per the Internal Revenue Code. An ISO agreement outlines the eligibility criteria and the requirements that must be met by employees to receive favorable tax treatment upon the exercise of their stock options. 4. Restricted Stock Option Agreement: This type of agreement imposes certain restrictions on the stock options, such as a vesting schedule or performance conditions, before the recipient can exercise their options and purchase the underlying stock. These restrictions are meant to incentivize long-term commitment and achievement of predetermined milestones. It's crucial for all parties involved to thoroughly understand the details of the Oregon Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. before entering into it. Consulting legal professionals and financial advisors is highly recommended ensuring compliance with relevant laws and regulations and to make informed decisions regarding the exercise, sale, or transfer of stock options.
The Oregon Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that outlines the terms and conditions under which stock options are granted to employees or other parties associated with the companies. This agreement specifically applies to the entities of America Online, Inc. and MapQuest. Com, Inc. in the state of Oregon. Keywords: Oregon Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, terms and conditions, employees, parties, contract. The Oregon Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. serves as a means for these companies to incentivize and reward their employees, contractors, or other individuals associated with their operations. Stock options are a popular tool used by companies to attract and retain talented individuals by offering them the opportunity to purchase company stock at a predetermined price, known as the exercise price or strike price, within a specified timeframe. This agreement outlines the eligibility criteria, vesting schedule, exercise price, quantity of stock options granted, and any additional terms or restrictions applicable to the stock options. It aims to provide transparency and clarity to the parties involved, ensuring that everyone understands the rights, obligations, and potential benefits associated with the stock options. An Oregon Stock Option Agreement can have various types based on different factors such as the classification of recipients, the purpose of granting stock options, or the specific conditions for exercising them. Some possible types of Oregon Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may include: 1. Employee Stock Option Agreement: This type of agreement is specific to employees of America Online, Inc. and MapQuest. Com, Inc. Employees who meet certain criteria defined by the companies are granted stock options as part of their compensation package. 2. Non-Employee Stock Option Agreement: Contractors, consultants, or individuals not classified as employees may also be eligible for stock options under a separate agreement. This type of agreement specifies the terms, conditions, and restrictions applicable to non-employees receiving stock options. 3. Incentive Stock Option (ISO) Agreement: SOS are subject to specific tax rules as per the Internal Revenue Code. An ISO agreement outlines the eligibility criteria and the requirements that must be met by employees to receive favorable tax treatment upon the exercise of their stock options. 4. Restricted Stock Option Agreement: This type of agreement imposes certain restrictions on the stock options, such as a vesting schedule or performance conditions, before the recipient can exercise their options and purchase the underlying stock. These restrictions are meant to incentivize long-term commitment and achievement of predetermined milestones. It's crucial for all parties involved to thoroughly understand the details of the Oregon Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. before entering into it. Consulting legal professionals and financial advisors is highly recommended ensuring compliance with relevant laws and regulations and to make informed decisions regarding the exercise, sale, or transfer of stock options.