Rhode Island 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 Rhode Island Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legal contract that outlines the terms and conditions under which MapQuest. Com, Inc. grants certain individuals within America Online, Inc. the right to purchase a specified number of shares of MapQuest. Com, Inc.'s stock at a predetermined price within a given timeframe. This agreement is designed to provide employees or key stakeholders of America Online, Inc. the opportunity to acquire an ownership interest in MapQuest. Com, Inc. and align their interests with the company's success. By granting stock options, MapQuest. Com, Inc. incentivizes individuals to contribute to the company's growth and profitability. The typical Rhode Island Stock Option Agreement consists of several key provisions. Firstly, it specifies the grant date, which is the date on which the stock options are awarded to the individuals. It also details the exercise price, which is the price at which the stock options can be exercised to purchase shares. Furthermore, the agreement outlines the vesting schedule, which determines when the stock options become exercisable. Vesting is often time-based, meaning the options become exercisable in increments over a certain period, typically spanning several years. This encourages employee retention and dedication to the company's long-term success. Additionally, the agreement may include provisions regarding the acceleration of vesting in certain circumstances such as a change of control or an employee's death or disability. This ensures that stock options can be exercised in such events, allowing individuals or their beneficiaries to benefit from the agreement. It is important to note that there may be variations or specific types of Rhode Island Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. For instance, there can be Incentive Stock Options (SOS) and Non-Qualified Stock Options (Nests). SOS are typically granted to employees and offer potential tax advantages if specific holding periods and conditions are met. On the other hand, Nests are often given to consultants, advisors, or non-employees, and do not enjoy the same tax benefits as SOS. Understanding the distinction between these types of stock options is crucial for both the granting company and the individuals involved. In conclusion, the Rhode Island Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. grants individuals associated with America Online, Inc. the opportunity to purchase shares of MapQuest. Com, Inc. at a predetermined price. This agreement aligns the interests of employees or key stakeholders with the success of MapQuest. Com, Inc. and encourages long-term dedication and commitment to the company's growth.

Rhode Island Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legal contract that outlines the terms and conditions under which MapQuest. Com, Inc. grants certain individuals within America Online, Inc. the right to purchase a specified number of shares of MapQuest. Com, Inc.'s stock at a predetermined price within a given timeframe. This agreement is designed to provide employees or key stakeholders of America Online, Inc. the opportunity to acquire an ownership interest in MapQuest. Com, Inc. and align their interests with the company's success. By granting stock options, MapQuest. Com, Inc. incentivizes individuals to contribute to the company's growth and profitability. The typical Rhode Island Stock Option Agreement consists of several key provisions. Firstly, it specifies the grant date, which is the date on which the stock options are awarded to the individuals. It also details the exercise price, which is the price at which the stock options can be exercised to purchase shares. Furthermore, the agreement outlines the vesting schedule, which determines when the stock options become exercisable. Vesting is often time-based, meaning the options become exercisable in increments over a certain period, typically spanning several years. This encourages employee retention and dedication to the company's long-term success. Additionally, the agreement may include provisions regarding the acceleration of vesting in certain circumstances such as a change of control or an employee's death or disability. This ensures that stock options can be exercised in such events, allowing individuals or their beneficiaries to benefit from the agreement. It is important to note that there may be variations or specific types of Rhode Island Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. For instance, there can be Incentive Stock Options (SOS) and Non-Qualified Stock Options (Nests). SOS are typically granted to employees and offer potential tax advantages if specific holding periods and conditions are met. On the other hand, Nests are often given to consultants, advisors, or non-employees, and do not enjoy the same tax benefits as SOS. Understanding the distinction between these types of stock options is crucial for both the granting company and the individuals involved. In conclusion, the Rhode Island Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. grants individuals associated with America Online, Inc. the opportunity to purchase shares of MapQuest. Com, Inc. at a predetermined price. This agreement aligns the interests of employees or key stakeholders with the success of MapQuest. Com, Inc. and encourages long-term dedication and commitment to the company's growth.