West Virginia Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

State:
Multi-State
Control #:
US-EG-9052
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Word; 
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Stock-Option Agreement between America Online, Inc. and Mapquest.Com, Inc. dated December 21, 1999. 14 pages

West Virginia Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. A Stock Option Agreement is a legal contract between two parties, in this case, America Online, Inc. (AOL) and MapQuest. Com, Inc., a subsidiary of AOL, which outlines the terms and conditions regarding the issuance and purchase of stock options in West Virginia. West Virginia, as a state within the United States, has its own set of regulations and laws governing stock option agreements. This agreement between AOL and MapQuest. Com, Inc. is specifically designed to comply with these local regulations. Keywords: West Virginia, Stock Option Agreement, America Online, MapQuest. Com, Inc., legal contract, issuance, purchase, stock options, regulations, compliance. Different types of West Virginia Stock Option Agreements between AOL and MapQuest. Com, Inc., can be categorized based on their specific clauses and provisions. Some common types include: 1. Incentive Stock Options (SOS): These are stock options granted for shareholders and employees as a form of compensation. They come with certain tax advantages, subject to meeting specific eligibility and holding period requirements outlined by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): These are stock options that do not meet the criteria of SOS. Nests offer more flexibility in terms of granting options to employees, directors, or consultants. However, they are typically subject to standard income taxes upon exercise. 3. Restricted Stock Units (RSS): Although not technically stock options, RSS are commonly used in conjunction with stock option agreements. RSS represents a promise to deliver a set number of shares in the future, subject to certain vesting conditions. These units are often granted to employees as an additional form of compensation. 4. Performance Stock Options: This type of stock option agreement is based on predetermined performance metrics, such as achieving specific financial goals or targets. If the performance criteria are met, the option holder has the right to purchase a predetermined number of shares at a set price. It is essential for both parties involved to carefully review the terms of the West Virginia Stock Option Agreement to ensure compliance with applicable laws and regulations. Seeking legal advice from professionals specializing in stock options and West Virginia corporate law is highly recommended.

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West Virginia Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.