Allegheny Pennsylvania Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Allegheny
• 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 Allegheny Pennsylvania Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legal document that outlines the terms and conditions regarding stock options granted to employees and executives of MapQuest. Com, Inc. by America Online, Inc. Key provisions, relevant to this agreement, include vesting schedules, exercise prices, and the duration of the agreement. The Allegheny Pennsylvania Stock Option Agreement is a legal framework designed to provide employees with the opportunity to purchase a specific number of company shares at a predetermined price (the exercise price) within a specified time period. This option allows employees to participate in the financial growth and success of MapQuest. Com, Inc. The agreement typically includes various types of stock options. The most common types are non-qualified stock options (SOS) and incentive stock options (SOS). SOS provide employees with the flexibility to purchase company shares at fair market value, which may be subject to certain tax implications. On the other hand, SOS offer certain tax advantages as they are provided to employees under specific criteria outlined in the Internal Revenue Code. The Allegheny Pennsylvania Stock Option Agreement also outlines the vesting schedule, which defines when an employee becomes eligible to exercise their stock options. Usually, vesting occurs over a specific period, incentivizing employees to remain with the company for a predetermined duration, thereby aligning their interests with the long-term success of MapQuest. Com, Inc. Another crucial aspect covered in this agreement is the exercise price. The exercise price is the predetermined value at which employees can purchase the company's shares. It is important for both parties to agree on a fair exercise price to ensure a mutually beneficial arrangement. Moreover, the duration of the agreement defines the time frame during which employees can exercise their stock options. This specific window serves as a motivating factor for employees to make informed decisions about exercising their options within the stipulated time. Overall, the Allegheny Pennsylvania Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a comprehensive document that offers employees an opportunity to benefit from the growth of the company by purchasing shares at a predetermined price. Different types of stock options, such as SOS and SOS, may be included in this agreement, each with its own set of advantages and tax implications. The vesting schedule, exercise price, and duration are essential components that ensure a fair and transparent process for both parties involved.

Allegheny Pennsylvania Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legal document that outlines the terms and conditions regarding stock options granted to employees and executives of MapQuest. Com, Inc. by America Online, Inc. Key provisions, relevant to this agreement, include vesting schedules, exercise prices, and the duration of the agreement. The Allegheny Pennsylvania Stock Option Agreement is a legal framework designed to provide employees with the opportunity to purchase a specific number of company shares at a predetermined price (the exercise price) within a specified time period. This option allows employees to participate in the financial growth and success of MapQuest. Com, Inc. The agreement typically includes various types of stock options. The most common types are non-qualified stock options (SOS) and incentive stock options (SOS). SOS provide employees with the flexibility to purchase company shares at fair market value, which may be subject to certain tax implications. On the other hand, SOS offer certain tax advantages as they are provided to employees under specific criteria outlined in the Internal Revenue Code. The Allegheny Pennsylvania Stock Option Agreement also outlines the vesting schedule, which defines when an employee becomes eligible to exercise their stock options. Usually, vesting occurs over a specific period, incentivizing employees to remain with the company for a predetermined duration, thereby aligning their interests with the long-term success of MapQuest. Com, Inc. Another crucial aspect covered in this agreement is the exercise price. The exercise price is the predetermined value at which employees can purchase the company's shares. It is important for both parties to agree on a fair exercise price to ensure a mutually beneficial arrangement. Moreover, the duration of the agreement defines the time frame during which employees can exercise their stock options. This specific window serves as a motivating factor for employees to make informed decisions about exercising their options within the stipulated time. Overall, the Allegheny Pennsylvania Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a comprehensive document that offers employees an opportunity to benefit from the growth of the company by purchasing shares at a predetermined price. Different types of stock options, such as SOS and SOS, may be included in this agreement, each with its own set of advantages and tax implications. The vesting schedule, exercise price, and duration are essential components that ensure a fair and transparent process for both parties involved.