Chicago Illinois Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Chicago
• 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 Title: Understanding the Chicago Illinois Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. Introduction: The Chicago Illinois Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. defines a vital aspect of their business partnership. This agreement allows for the exchange and allocation of stock options between the two companies. In this article, we will delve into the details of this agreement, highlighting its significance, key components, and potential variations. Key Components of the Chicago Illinois Stock Option Agreement: 1. Granting of Stock Options: The agreement outlines the conditions under which MapQuest. Com, Inc. grants stock options to America Online, Inc. These options may be issued as incentives, rewards, or part of a broader strategic partnership. 2. Exercise Price: The agreement specifies the exercise price at which America Online, Inc. can acquire the stock. This price is predetermined and can be agreed upon by both parties during negotiations. 3. Vesting Period: A vesting period delineates the time frame within which stock options granted to America Online, Inc. become fully available for exercise. This period may vary but is typically subject to certain conditions such as continued partnership or achieving specific milestones. 4. Expiration Date: The agreement also describes the expiration date, after which the stock options become void if not exercised within the prescribed timeframe. The expiration date is usually set at a reasonable time to allow for strategic decision-making. 5. Conditions for Exercise: Specific terms, such as minimum holding requirements or limitations on the number of shares that can be exercised, may be included in the agreement. These conditions aim to safeguard the intentions of each party and maintain stability in the market. Types of Chicago Illinois Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc.: 1. Standard Agreement: This is the typical agreement between the two parties, covering the general terms and conditions, granting stock options for specific purposes. 2. Employee Stock Option Agreement: Occasionally, an agreement may be designed specifically for the employees of America Online, Inc. This agreement outlines the terms and conditions applicable to employee stock options, including vesting schedules and exercise terms. 3. Strategic Partnership Stock Option Agreement: In certain cases, America Online, Inc. and MapQuest. Com, Inc. may enter into a broader strategic partnership where stock options are a significant component. This agreement encompasses not only the stock option details but also outlines the broader goals and objectives of the partnership. Conclusion: The Chicago Illinois Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. plays a crucial role in regulating the allocation and exchange of stock options between the two companies. As evidenced by the variations outlined above, these agreements can take several forms, each with its own specific terms and purposes. By establishing clear guidelines, this agreement fosters transparency and maintains a fair business relationship between the parties involved.

Title: Understanding the Chicago Illinois Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. Introduction: The Chicago Illinois Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. defines a vital aspect of their business partnership. This agreement allows for the exchange and allocation of stock options between the two companies. In this article, we will delve into the details of this agreement, highlighting its significance, key components, and potential variations. Key Components of the Chicago Illinois Stock Option Agreement: 1. Granting of Stock Options: The agreement outlines the conditions under which MapQuest. Com, Inc. grants stock options to America Online, Inc. These options may be issued as incentives, rewards, or part of a broader strategic partnership. 2. Exercise Price: The agreement specifies the exercise price at which America Online, Inc. can acquire the stock. This price is predetermined and can be agreed upon by both parties during negotiations. 3. Vesting Period: A vesting period delineates the time frame within which stock options granted to America Online, Inc. become fully available for exercise. This period may vary but is typically subject to certain conditions such as continued partnership or achieving specific milestones. 4. Expiration Date: The agreement also describes the expiration date, after which the stock options become void if not exercised within the prescribed timeframe. The expiration date is usually set at a reasonable time to allow for strategic decision-making. 5. Conditions for Exercise: Specific terms, such as minimum holding requirements or limitations on the number of shares that can be exercised, may be included in the agreement. These conditions aim to safeguard the intentions of each party and maintain stability in the market. Types of Chicago Illinois Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc.: 1. Standard Agreement: This is the typical agreement between the two parties, covering the general terms and conditions, granting stock options for specific purposes. 2. Employee Stock Option Agreement: Occasionally, an agreement may be designed specifically for the employees of America Online, Inc. This agreement outlines the terms and conditions applicable to employee stock options, including vesting schedules and exercise terms. 3. Strategic Partnership Stock Option Agreement: In certain cases, America Online, Inc. and MapQuest. Com, Inc. may enter into a broader strategic partnership where stock options are a significant component. This agreement encompasses not only the stock option details but also outlines the broader goals and objectives of the partnership. Conclusion: The Chicago Illinois Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. plays a crucial role in regulating the allocation and exchange of stock options between the two companies. As evidenced by the variations outlined above, these agreements can take several forms, each with its own specific terms and purposes. By establishing clear guidelines, this agreement fosters transparency and maintains a fair business relationship between the parties involved.