South Carolina 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 The South Carolina Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legal document that outlines the terms and conditions related to stock options issued by America Online, Inc. to MapQuest. Com, Inc. The purpose of this agreement is to provide MapQuest. Com, Inc. with the opportunity to purchase a certain number of shares of America Online, Inc. stock at a specific price within a given time frame. Keywords: South Carolina, Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc. This agreement is designed to incentivize MapQuest. Com, Inc.'s employees, directors, and other stakeholders by offering them the potential upside of owning shares in America Online, Inc., thus aligning their interests with the company's success. The stock options grant MapQuest. Com, Inc. the right to buy a predetermined number of shares at a predetermined exercise price, also known as the strike price. There are several types of South Carolina Stock Option Agreements that may exist between America Online, Inc. and MapQuest. Com, Inc. These variations depend on factors such as the vesting schedule, exercise price, and expiration date. One type could be an Incentive Stock Option (ISO), which provides certain tax advantages to the option holder but also requires adherence to specific eligibility criteria established by the Internal Revenue Service (IRS). Another type of South Carolina Stock Option Agreement could be a Non-Qualified Stock Option (NO). Nests do not possess the same tax advantages as SOS but offer more flexibility in terms of eligibility requirements and usage. It is essential for both parties to clearly define and outline the specific type of stock option agreement they are entering into, as this will greatly impact the rights and obligations associated with the options. Additionally, the South Carolina Stock Option Agreement typically includes provisions related to vesting, which is the process by which the option holder earns the right to exercise their options. This could be achieved through a time-based vesting schedule, where the options gradually become exercisable over a specific period, or a milestone-based vesting schedule, which links the vesting of options to the achievement of certain predetermined objectives. The agreement may also address the circumstances under which the options can be exercised, such as upon termination of employment, change of control of either company, or specific performance criteria being met by MapQuest. Com, Inc. It is crucial for both parties to clearly define these terms to avoid any potential misunderstandings or disputes in the future. In conclusion, the South Carolina Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding document that outlines the terms and conditions governing stock options issued by America Online, Inc. to MapQuest. Com, Inc. Such agreements aim to align the interests of stakeholders, provide incentives for employees, and offer potential financial benefits tied to the performance of the issuing company's stock. Different types of South Carolina Stock Option Agreements may exist, including Incentive Stock Options (SOS) and Non-Qualified Stock Options (Nests). The agreement will also cover topics such as vesting schedules, exercise prices, expiration dates, and circumstances under which the options can be exercised. Clarification of these elements is crucial to establish clear rights and obligations for both parties involved.

The South Carolina Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legal document that outlines the terms and conditions related to stock options issued by America Online, Inc. to MapQuest. Com, Inc. The purpose of this agreement is to provide MapQuest. Com, Inc. with the opportunity to purchase a certain number of shares of America Online, Inc. stock at a specific price within a given time frame. Keywords: South Carolina, Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc. This agreement is designed to incentivize MapQuest. Com, Inc.'s employees, directors, and other stakeholders by offering them the potential upside of owning shares in America Online, Inc., thus aligning their interests with the company's success. The stock options grant MapQuest. Com, Inc. the right to buy a predetermined number of shares at a predetermined exercise price, also known as the strike price. There are several types of South Carolina Stock Option Agreements that may exist between America Online, Inc. and MapQuest. Com, Inc. These variations depend on factors such as the vesting schedule, exercise price, and expiration date. One type could be an Incentive Stock Option (ISO), which provides certain tax advantages to the option holder but also requires adherence to specific eligibility criteria established by the Internal Revenue Service (IRS). Another type of South Carolina Stock Option Agreement could be a Non-Qualified Stock Option (NO). Nests do not possess the same tax advantages as SOS but offer more flexibility in terms of eligibility requirements and usage. It is essential for both parties to clearly define and outline the specific type of stock option agreement they are entering into, as this will greatly impact the rights and obligations associated with the options. Additionally, the South Carolina Stock Option Agreement typically includes provisions related to vesting, which is the process by which the option holder earns the right to exercise their options. This could be achieved through a time-based vesting schedule, where the options gradually become exercisable over a specific period, or a milestone-based vesting schedule, which links the vesting of options to the achievement of certain predetermined objectives. The agreement may also address the circumstances under which the options can be exercised, such as upon termination of employment, change of control of either company, or specific performance criteria being met by MapQuest. Com, Inc. It is crucial for both parties to clearly define these terms to avoid any potential misunderstandings or disputes in the future. In conclusion, the South Carolina Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding document that outlines the terms and conditions governing stock options issued by America Online, Inc. to MapQuest. Com, Inc. Such agreements aim to align the interests of stakeholders, provide incentives for employees, and offer potential financial benefits tied to the performance of the issuing company's stock. Different types of South Carolina Stock Option Agreements may exist, including Incentive Stock Options (SOS) and Non-Qualified Stock Options (Nests). The agreement will also cover topics such as vesting schedules, exercise prices, expiration dates, and circumstances under which the options can be exercised. Clarification of these elements is crucial to establish clear rights and obligations for both parties involved.