Oregon Stock Option Agreement of VIA Internet, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-EG-9427
• Format: Word; Rich Text

Description

Incentive Stock Option Agreement between VIA Internet, Inc. and _______ (Optionee) dated 00/98. 12 pages. Oregon Stock Option Agreement of VIA Internet, Inc.: A Comprehensive Guide Overview: The Oregon Stock Option Agreement of VIA Internet, Inc. is a legal document that outlines the terms and conditions regarding stock options granted by VIA Internet, Inc., a company based in Oregon. This agreement serves as a crucial component of an employee's compensation package, providing them with the right to purchase company stock at a predetermined price within a specified period. Keywords: Oregon, Stock Option Agreement, VIA Internet, Inc., employee compensation, company stock, predetermined price, specified period. Types of Oregon Stock Option Agreements of VIA Internet, Inc.: There are typically two main types of Oregon Stock Option Agreements offered by VIA Internet, Inc., namely: 1. Incentive Stock Option Agreements: Incentive Stock Option Agreements are primarily designed for employees and are subject to specific tax rules outlined by the Internal Revenue Code (IRC). These agreements grant employees the right to purchase company stock at a predetermined price, but with certain tax advantages. To qualify for these tax benefits, the agreement must comply with various IRC requirements, such as the employee holding the stock for a minimum period. 2. Non-Qualified Stock Option Agreements: Non-Qualified Stock Option Agreements, on the other hand, do not possess the same tax advantages as Incentive Stock Option Agreements. They are typically offered to consultants, advisors, or other non-employee individuals associated with VIA Internet, Inc. These agreements allow participants to purchase company stock at a predetermined price, without having to comply with the stringent tax regulations associated with Incentive Stock Option Agreements. Key Elements of an Oregon Stock Option Agreement: Regardless of the type, Oregon Stock Option Agreements of VIA Internet, Inc. consist of several key components. These include: 1. Grant of Stock Options: This section establishes the total number of stock options granted to an individual, including the type (incentive or non-qualified) and the exercise price per share. It also stipulates the vesting schedule, outlining when the stock options become exercisable. 2. Exercise Period: The exercise period specifies the time frame during which an individual can exercise their stock options after they become vested. This period is often limited to a predetermined window, typically spanning years from the grant date. 3. Exercise Method: The agreement defines the method by which an individual can exercise their stock options, which may include cash payment, stock swap, or a combination of both. It also indicates any restrictions or limitations on exercising options, such as blackout periods. 4. Termination and Forfeiture: This section outlines the circumstances under which stock options may terminate or be forfeited, such as the individual's resignation, termination for cause, or death. It also addresses potential scenarios like post-termination exercise periods. 5. Securities Law Compliance: Oregon Stock Option Agreements must comply with applicable state and federal securities laws. This section ensures that any necessary filings, such as Form D with the Securities and Exchange Commission, are completed. 6. Governing Law and Dispute Resolution: The agreement designates Oregon law as the governing law and specifies the chosen method for dispute resolution, for instance, through arbitration or litigation. Conclusion: The Oregon Stock Option Agreement of VIA Internet, Inc. offers employees and non-employee individuals an opportunity to purchase company stock at predetermined prices within specified periods. By understanding the different types of agreements and the key elements within them, both parties can establish a clear and transparent understanding of their rights and obligations, thereby fostering a mutually beneficial relationship.

Oregon Stock Option Agreement of VIA Internet, Inc.: A Comprehensive Guide Overview: The Oregon Stock Option Agreement of VIA Internet, Inc. is a legal document that outlines the terms and conditions regarding stock options granted by VIA Internet, Inc., a company based in Oregon. This agreement serves as a crucial component of an employee's compensation package, providing them with the right to purchase company stock at a predetermined price within a specified period. Keywords: Oregon, Stock Option Agreement, VIA Internet, Inc., employee compensation, company stock, predetermined price, specified period. Types of Oregon Stock Option Agreements of VIA Internet, Inc.: There are typically two main types of Oregon Stock Option Agreements offered by VIA Internet, Inc., namely: 1. Incentive Stock Option Agreements: Incentive Stock Option Agreements are primarily designed for employees and are subject to specific tax rules outlined by the Internal Revenue Code (IRC). These agreements grant employees the right to purchase company stock at a predetermined price, but with certain tax advantages. To qualify for these tax benefits, the agreement must comply with various IRC requirements, such as the employee holding the stock for a minimum period. 2. Non-Qualified Stock Option Agreements: Non-Qualified Stock Option Agreements, on the other hand, do not possess the same tax advantages as Incentive Stock Option Agreements. They are typically offered to consultants, advisors, or other non-employee individuals associated with VIA Internet, Inc. These agreements allow participants to purchase company stock at a predetermined price, without having to comply with the stringent tax regulations associated with Incentive Stock Option Agreements. Key Elements of an Oregon Stock Option Agreement: Regardless of the type, Oregon Stock Option Agreements of VIA Internet, Inc. consist of several key components. These include: 1. Grant of Stock Options: This section establishes the total number of stock options granted to an individual, including the type (incentive or non-qualified) and the exercise price per share. It also stipulates the vesting schedule, outlining when the stock options become exercisable. 2. Exercise Period: The exercise period specifies the time frame during which an individual can exercise their stock options after they become vested. This period is often limited to a predetermined window, typically spanning years from the grant date. 3. Exercise Method: The agreement defines the method by which an individual can exercise their stock options, which may include cash payment, stock swap, or a combination of both. It also indicates any restrictions or limitations on exercising options, such as blackout periods. 4. Termination and Forfeiture: This section outlines the circumstances under which stock options may terminate or be forfeited, such as the individual's resignation, termination for cause, or death. It also addresses potential scenarios like post-termination exercise periods. 5. Securities Law Compliance: Oregon Stock Option Agreements must comply with applicable state and federal securities laws. This section ensures that any necessary filings, such as Form D with the Securities and Exchange Commission, are completed. 6. Governing Law and Dispute Resolution: The agreement designates Oregon law as the governing law and specifies the chosen method for dispute resolution, for instance, through arbitration or litigation. Conclusion: The Oregon Stock Option Agreement of VIA Internet, Inc. offers employees and non-employee individuals an opportunity to purchase company stock at predetermined prices within specified periods. By understanding the different types of agreements and the key elements within them, both parties can establish a clear and transparent understanding of their rights and obligations, thereby fostering a mutually beneficial relationship.