Virgin Islands 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 Title: Understanding the Virgin Islands Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. Introduction: The Virgin Islands Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that grants certain individuals the option to purchase shares of stock in MapQuest. Com, Inc. This agreement outlines the terms, conditions, and key provisions governing the stock options offered by America Online, Inc. to employees or other stakeholders in MapQuest. Com, Inc. Below, we will explore the main aspects and types of Virgin Islands Stock Option Agreement between the two companies. 1. Restricted Stock Option Agreement: One type of Virgin Islands Stock Option Agreement often used is the Restricted Stock Option Agreement. This agreement provides employees or stakeholders with the opportunity to purchase shares of MapQuest. Com, Inc.'s stock at a predetermined price, usually referred to as the exercise price. However, there are certain restrictions and conditions placed on these stock options, such as vesting schedules or performance milestones that must be met before exercising the options. 2. Non-Qualified Stock Option Agreement: Another type of Virgin Islands Stock Option Agreement is the Non-Qualified Stock Option Agreement. In this arrangement, employees or stakeholders are granted the right to purchase shares of MapQuest. Com, Inc.'s stock at a specified exercise price. These options do not meet the requirements for favorable tax treatment and are subject to taxation upon exercising the options. Non-Qualified Stock Option Agreements provide recipients with more flexibility in terms of vesting schedules and conditions. 3. Incentive Stock Option Agreement: The Incentive Stock Option Agreement is a unique type of Virgin Islands Stock Option Agreement that offers specific tax benefits to eligible employees or stakeholders. Under this agreement, individuals can purchase shares of MapQuest. Com, Inc.'s stock at a predetermined exercise price, usually lower than the market value at the time of grant. If certain IRS requirements are met, the appreciation in stock value upon exercising the options may be subject to favorable long-term capital gains tax rates. Key Elements of the Virgin Islands Stock Option Agreement: 1. Granting of Stock Options: The agreement identifies the number of shares granted to participants and the exercise price set for each option. 2. Vesting Schedule: Specifies the timeline or milestones that must be achieved before the options become exercisable. 3. Expiration Date: Specifies the deadline by which the options must be exercised or become void. 4. Exercise Price: Determines the price at which participants can purchase the shares upon exercising the options. 5. Terms and Conditions: Outlines any supplementary terms and conditions imposed on the stock options, such as restrictions on transferability, change in control provisions, or adjustments for stock splits or mergers. 6. Governing Law: States that the agreement will be interpreted and governed by the laws of the Virgin Islands. Conclusion: In summary, the Virgin Islands Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. offers individuals the opportunity to purchase shares in MapQuest. Com, Inc. at a predetermined exercise price. Whether through Restricted Stock Option Agreements, Non-Qualified Stock Option Agreements, or Incentive Stock Option Agreements, this agreement ensures transparency and clarity by outlining the rights and responsibilities of both parties involved. It is important for individuals to thoroughly read and understand the agreement's terms to exercise their stock options effectively.

Title: Understanding the Virgin Islands Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. Introduction: The Virgin Islands Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that grants certain individuals the option to purchase shares of stock in MapQuest. Com, Inc. This agreement outlines the terms, conditions, and key provisions governing the stock options offered by America Online, Inc. to employees or other stakeholders in MapQuest. Com, Inc. Below, we will explore the main aspects and types of Virgin Islands Stock Option Agreement between the two companies. 1. Restricted Stock Option Agreement: One type of Virgin Islands Stock Option Agreement often used is the Restricted Stock Option Agreement. This agreement provides employees or stakeholders with the opportunity to purchase shares of MapQuest. Com, Inc.'s stock at a predetermined price, usually referred to as the exercise price. However, there are certain restrictions and conditions placed on these stock options, such as vesting schedules or performance milestones that must be met before exercising the options. 2. Non-Qualified Stock Option Agreement: Another type of Virgin Islands Stock Option Agreement is the Non-Qualified Stock Option Agreement. In this arrangement, employees or stakeholders are granted the right to purchase shares of MapQuest. Com, Inc.'s stock at a specified exercise price. These options do not meet the requirements for favorable tax treatment and are subject to taxation upon exercising the options. Non-Qualified Stock Option Agreements provide recipients with more flexibility in terms of vesting schedules and conditions. 3. Incentive Stock Option Agreement: The Incentive Stock Option Agreement is a unique type of Virgin Islands Stock Option Agreement that offers specific tax benefits to eligible employees or stakeholders. Under this agreement, individuals can purchase shares of MapQuest. Com, Inc.'s stock at a predetermined exercise price, usually lower than the market value at the time of grant. If certain IRS requirements are met, the appreciation in stock value upon exercising the options may be subject to favorable long-term capital gains tax rates. Key Elements of the Virgin Islands Stock Option Agreement: 1. Granting of Stock Options: The agreement identifies the number of shares granted to participants and the exercise price set for each option. 2. Vesting Schedule: Specifies the timeline or milestones that must be achieved before the options become exercisable. 3. Expiration Date: Specifies the deadline by which the options must be exercised or become void. 4. Exercise Price: Determines the price at which participants can purchase the shares upon exercising the options. 5. Terms and Conditions: Outlines any supplementary terms and conditions imposed on the stock options, such as restrictions on transferability, change in control provisions, or adjustments for stock splits or mergers. 6. Governing Law: States that the agreement will be interpreted and governed by the laws of the Virgin Islands. Conclusion: In summary, the Virgin Islands Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. offers individuals the opportunity to purchase shares in MapQuest. Com, Inc. at a predetermined exercise price. Whether through Restricted Stock Option Agreements, Non-Qualified Stock Option Agreements, or Incentive Stock Option Agreements, this agreement ensures transparency and clarity by outlining the rights and responsibilities of both parties involved. It is important for individuals to thoroughly read and understand the agreement's terms to exercise their stock options effectively.