Wyoming 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 Wyoming Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. The Wyoming Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. lays out the terms and conditions of stock options granted by America Online (AOL) to MapQuest. Com (MapQuest). This agreement allows MapQuest employees to purchase shares of AOL stock at a predetermined price within a specified timeframe. Keywords: Wyoming Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, terms and conditions, purchase, shares, predetermined price, timeframe. The agreement specifies that AOL grants stock options to MapQuest employees as an incentive for their dedication and contribution to the company's growth and success. By offering stock options, AOL aims to align the interests of employees with the long-term performance and shareholder value of the company. There are different types of Wyoming Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc., which can be categorized based on factors like exercise price, vesting period, and eligibility. Some common types are: 1. Non-Qualified Stock Options (Nests): These options allow employees to purchase AOL stock at a predetermined price (the exercise price) within a specific period, regardless of the stock's fair market value. Nests provide flexibility but are subject to taxation upon exercise. 2. Incentive Stock Options (SOS): These options are granted with certain tax advantages, as they meet the requirements of the Internal Revenue Code (IRC) section 422. SOS typically have a lower exercise price and are generally subject to longer vesting periods compared to Nests. 3. Restricted Stock Units (RSS): Instead of granting options, AOL may provide employees with RSS, which represent a promise to deliver AOL stock at a future date, usually subject to vesting conditions. RSS are considered options with a fair market value price at the time of grant. 4. Performance-Based Stock Options: In some instances, AOL and MapQuest may agree to grant stock options based on specific performance goals or milestones. These options provide an additional incentive for achieving predefined targets. The Wyoming Stock Option Agreement outlines the exercise periods, vesting schedules, and any other specific provisions relevant to each type of stock option. It also includes provisions for stock option adjustment, transferability limitations, and conditions under which options can be exercised, such as employment termination or change of control. By offering stock options through the Wyoming Stock Option Agreement, America Online, Inc. aims to attract, motivate, and retain talented employees at MapQuest. Com, Inc. while aligning their interests with the overall success and growth of the company.

Wyoming Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. The Wyoming Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. lays out the terms and conditions of stock options granted by America Online (AOL) to MapQuest. Com (MapQuest). This agreement allows MapQuest employees to purchase shares of AOL stock at a predetermined price within a specified timeframe. Keywords: Wyoming Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, terms and conditions, purchase, shares, predetermined price, timeframe. The agreement specifies that AOL grants stock options to MapQuest employees as an incentive for their dedication and contribution to the company's growth and success. By offering stock options, AOL aims to align the interests of employees with the long-term performance and shareholder value of the company. There are different types of Wyoming Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc., which can be categorized based on factors like exercise price, vesting period, and eligibility. Some common types are: 1. Non-Qualified Stock Options (Nests): These options allow employees to purchase AOL stock at a predetermined price (the exercise price) within a specific period, regardless of the stock's fair market value. Nests provide flexibility but are subject to taxation upon exercise. 2. Incentive Stock Options (SOS): These options are granted with certain tax advantages, as they meet the requirements of the Internal Revenue Code (IRC) section 422. SOS typically have a lower exercise price and are generally subject to longer vesting periods compared to Nests. 3. Restricted Stock Units (RSS): Instead of granting options, AOL may provide employees with RSS, which represent a promise to deliver AOL stock at a future date, usually subject to vesting conditions. RSS are considered options with a fair market value price at the time of grant. 4. Performance-Based Stock Options: In some instances, AOL and MapQuest may agree to grant stock options based on specific performance goals or milestones. These options provide an additional incentive for achieving predefined targets. The Wyoming Stock Option Agreement outlines the exercise periods, vesting schedules, and any other specific provisions relevant to each type of stock option. It also includes provisions for stock option adjustment, transferability limitations, and conditions under which options can be exercised, such as employment termination or change of control. By offering stock options through the Wyoming Stock Option Agreement, America Online, Inc. aims to attract, motivate, and retain talented employees at MapQuest. Com, Inc. while aligning their interests with the overall success and growth of the company.