Utah 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 A Utah Stock Option Agreement is a legal contract that outlines the terms and conditions of stock options granted by America Online, Inc. (AOL) to MapQuest. Com, Inc. (MapQuest), a subsidiary or partner company. This agreement is specific to the state of Utah and is designed to govern the relationship and obligations related to stock options between the two entities. The Utah Stock Option Agreement provides employees or executives of MapQuest with the opportunity to purchase a specific number of shares of AOL stock at a predetermined price within a specified time period. This stock option grant is often used as a form of incentive or reward to motivate and retain key employees. The agreement includes various essential details such as the grant date, the exercise price at which employees can purchase the stock, the vesting period (the length of time an employee must remain with the company to be eligible to exercise the option), and the expiration date (the deadline to exercise the options). It also outlines any restrictions or conditions that may apply, such as non-transferability and restrictions on exercising options upon termination. The Utah Stock Option Agreement may include different types of stock options granted by AOL to MapQuest. Some common types of stock options include: 1. Non-Qualified Stock Options (Nests): These are the most traditional type of stock option, allowing employees to purchase stock at a set price but subject to ordinary income tax upon exercise. 2. Incentive Stock Options (SOS): These options provide certain tax advantages to employees, such as potentially qualifying for long-term capital gains rates upon selling the stock. However, SOS must meet certain criteria outlined in the Internal Revenue Code to maintain their favorable tax treatment. 3. Restricted Stock Units (RSS): Although technically not options, RSS are often included in stock option agreements. RSS represents a promise to deliver stock at a future date or upon meeting certain conditions, similar to options. RSS are typically subject to a vesting schedule and may offer employees the ability to convert them into actual shares of stock. Each type of stock option brings its own set of benefits and considerations. The specific types of stock options granted under the Utah Stock Option Agreement between AOL and MapQuest will depend on their agreed-upon terms and the objectives of both companies. It is important to note that this is a general description of a Utah Stock Option Agreement and may not reflect the actual terms of the agreement between America Online, Inc. and MapQuest. Com, Inc.

A Utah Stock Option Agreement is a legal contract that outlines the terms and conditions of stock options granted by America Online, Inc. (AOL) to MapQuest. Com, Inc. (MapQuest), a subsidiary or partner company. This agreement is specific to the state of Utah and is designed to govern the relationship and obligations related to stock options between the two entities. The Utah Stock Option Agreement provides employees or executives of MapQuest with the opportunity to purchase a specific number of shares of AOL stock at a predetermined price within a specified time period. This stock option grant is often used as a form of incentive or reward to motivate and retain key employees. The agreement includes various essential details such as the grant date, the exercise price at which employees can purchase the stock, the vesting period (the length of time an employee must remain with the company to be eligible to exercise the option), and the expiration date (the deadline to exercise the options). It also outlines any restrictions or conditions that may apply, such as non-transferability and restrictions on exercising options upon termination. The Utah Stock Option Agreement may include different types of stock options granted by AOL to MapQuest. Some common types of stock options include: 1. Non-Qualified Stock Options (Nests): These are the most traditional type of stock option, allowing employees to purchase stock at a set price but subject to ordinary income tax upon exercise. 2. Incentive Stock Options (SOS): These options provide certain tax advantages to employees, such as potentially qualifying for long-term capital gains rates upon selling the stock. However, SOS must meet certain criteria outlined in the Internal Revenue Code to maintain their favorable tax treatment. 3. Restricted Stock Units (RSS): Although technically not options, RSS are often included in stock option agreements. RSS represents a promise to deliver stock at a future date or upon meeting certain conditions, similar to options. RSS are typically subject to a vesting schedule and may offer employees the ability to convert them into actual shares of stock. Each type of stock option brings its own set of benefits and considerations. The specific types of stock options granted under the Utah Stock Option Agreement between AOL and MapQuest will depend on their agreed-upon terms and the objectives of both companies. It is important to note that this is a general description of a Utah Stock Option Agreement and may not reflect the actual terms of the agreement between America Online, Inc. and MapQuest. Com, Inc.