Vermont 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 Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. serves as a legally binding contract outlining the terms and conditions regarding stock options granted to employees or key individuals within these two companies. This agreement, which can have various types, allows eligible individuals to purchase a specific number of company shares at a predetermined price, known as the exercise price or strike price, within a stipulated time frame. By leveraging keywords, we can delve into further detail about the characteristics and types of these agreements. 1. Restricted Stock Option Agreement: A Restricted Stock Option Agreement is one type of Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. This agreement provides eligible individuals with the right to purchase a predetermined number of company shares at the exercise price. However, these stock options are subject to specific restrictions, commonly based on a vesting schedule or performance conditions. Once the restrictions are satisfied, the stock options become exercisable, allowing the individual to buy the shares. 2. Incentive Stock Option Agreement: An Incentive Stock Option Agreement is another type of Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. These agreements are typically designed for key employees and offer certain tax advantages compared to other types of stock options. Eligible individuals can purchase company shares at the exercise price, and if specific IRS requirements are met, any gains from selling these shares may be taxed as long-term capital gains, thereby potentially reducing the tax burden. 3. Non-Qualified Stock Option Agreement: A Non-Qualified Stock Option Agreement is a third type of Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. This agreement is often offered to a broader range of employees and does not qualify for the tax advantages provided by incentive stock options. Non-qualified stock options provide flexibility in terms of vesting, exercise price, and transferability. Upon exercise, individuals will be taxed at ordinary income rates on the difference between the exercise price and the fair market value of the shares. It is important to note that the specific terms and conditions outlined in each Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. may differ based on factors such as the employee's position, seniority, and applicable laws and regulations. These agreements are designed to align the interests of employees and the company by providing a financial incentive tied to the company's success and stock performance.

Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. serves as a legally binding contract outlining the terms and conditions regarding stock options granted to employees or key individuals within these two companies. This agreement, which can have various types, allows eligible individuals to purchase a specific number of company shares at a predetermined price, known as the exercise price or strike price, within a stipulated time frame. By leveraging keywords, we can delve into further detail about the characteristics and types of these agreements. 1. Restricted Stock Option Agreement: A Restricted Stock Option Agreement is one type of Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. This agreement provides eligible individuals with the right to purchase a predetermined number of company shares at the exercise price. However, these stock options are subject to specific restrictions, commonly based on a vesting schedule or performance conditions. Once the restrictions are satisfied, the stock options become exercisable, allowing the individual to buy the shares. 2. Incentive Stock Option Agreement: An Incentive Stock Option Agreement is another type of Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. These agreements are typically designed for key employees and offer certain tax advantages compared to other types of stock options. Eligible individuals can purchase company shares at the exercise price, and if specific IRS requirements are met, any gains from selling these shares may be taxed as long-term capital gains, thereby potentially reducing the tax burden. 3. Non-Qualified Stock Option Agreement: A Non-Qualified Stock Option Agreement is a third type of Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. This agreement is often offered to a broader range of employees and does not qualify for the tax advantages provided by incentive stock options. Non-qualified stock options provide flexibility in terms of vesting, exercise price, and transferability. Upon exercise, individuals will be taxed at ordinary income rates on the difference between the exercise price and the fair market value of the shares. It is important to note that the specific terms and conditions outlined in each Vermont Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. may differ based on factors such as the employee's position, seniority, and applicable laws and regulations. These agreements are designed to align the interests of employees and the company by providing a financial incentive tied to the company's success and stock performance.