Washington 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 Washington Stock Option Agreement is a legal contract between America Online, Inc. (AOL) and MapQuest. Com, Inc. that outlines the terms and conditions for granting stock options. This agreement is specifically tailored to comply with the laws and regulations of the state of Washington. Under this agreement, AOL grants stock options to employees or certain individuals associated with MapQuest. Com, Inc. These stock options give the optioned the right to purchase a specified number of shares of AOL's common stock at a predetermined price within a defined period of time. The agreement provides detailed information regarding the terms of the stock options, including the grant date, exercise price, vesting schedule, and expiration date. It also outlines the conditions under which the options may be exercised, such as employment status, termination provisions, and change of control scenarios. By offering this stock option agreement, AOL aims to incentivize and reward key individuals within MapQuest. Com, Inc., aligning their interests with the success and growth of the company. It provides an opportunity for options to benefit from the appreciation in AOL's stock price over time. In Washington, there may be various types of stock option agreements that can be used between AOL and MapQuest. Com, Inc. These may include: 1. Incentive Stock Options (SOS): These options can provide tax advantages for options if certain conditions are met. They typically have specific requirements in terms of the exercise price, holding periods, and total value of options granted. 2. Non-Qualified Stock Options (Nests): These options do not meet the requirements for SOS and may have different tax implications. They provide flexibility in terms of exercise price and vesting schedules. 3. Restricted Stock Units (RSS): This type of agreement grants units of AOL's stock rather than actual shares. These units convert into shares after a specified vesting period or upon achieving certain performance targets. Depending on the specific circumstances and objectives of AOL and MapQuest. Com, Inc., other types of stock option agreements may also be utilized, such as stock appreciation rights (SARS) or phantom stock plans. These agreements are designed to align the interests of employees or individuals with the overall growth and success of the company. Overall, the Washington Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a comprehensive legal document that governs the granting and exercising of stock options. It ensures compliance with Washington state laws and serves as an important tool to incentivize and retain key talent within MapQuest. Com, Inc.

The Washington Stock Option Agreement is a legal contract between America Online, Inc. (AOL) and MapQuest. Com, Inc. that outlines the terms and conditions for granting stock options. This agreement is specifically tailored to comply with the laws and regulations of the state of Washington. Under this agreement, AOL grants stock options to employees or certain individuals associated with MapQuest. Com, Inc. These stock options give the optioned the right to purchase a specified number of shares of AOL's common stock at a predetermined price within a defined period of time. The agreement provides detailed information regarding the terms of the stock options, including the grant date, exercise price, vesting schedule, and expiration date. It also outlines the conditions under which the options may be exercised, such as employment status, termination provisions, and change of control scenarios. By offering this stock option agreement, AOL aims to incentivize and reward key individuals within MapQuest. Com, Inc., aligning their interests with the success and growth of the company. It provides an opportunity for options to benefit from the appreciation in AOL's stock price over time. In Washington, there may be various types of stock option agreements that can be used between AOL and MapQuest. Com, Inc. These may include: 1. Incentive Stock Options (SOS): These options can provide tax advantages for options if certain conditions are met. They typically have specific requirements in terms of the exercise price, holding periods, and total value of options granted. 2. Non-Qualified Stock Options (Nests): These options do not meet the requirements for SOS and may have different tax implications. They provide flexibility in terms of exercise price and vesting schedules. 3. Restricted Stock Units (RSS): This type of agreement grants units of AOL's stock rather than actual shares. These units convert into shares after a specified vesting period or upon achieving certain performance targets. Depending on the specific circumstances and objectives of AOL and MapQuest. Com, Inc., other types of stock option agreements may also be utilized, such as stock appreciation rights (SARS) or phantom stock plans. These agreements are designed to align the interests of employees or individuals with the overall growth and success of the company. Overall, the Washington Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a comprehensive legal document that governs the granting and exercising of stock options. It ensures compliance with Washington state laws and serves as an important tool to incentivize and retain key talent within MapQuest. Com, Inc.