Clark Nevada Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Clark
• 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 Clark Nevada Stock Option Agreement is a legally binding contract between two prominent companies, America Online, Inc. (AOL) and MapQuest. Com, Inc. This agreement establishes the framework and terms of stock options issued by AOL to MapQuest. Com, Inc., allowing the latter to purchase a certain number of AOL's company shares at a predetermined price within a specified time period. Under the Clark Nevada Stock Option Agreement, AOL grants MapQuest. Com the right to purchase a specific number of AOL shares at an agreed-upon price, usually referred to as the exercise or strike price. This price is often determined at the time of granting the option and remains fixed throughout the term of the agreement. The stock options provided to MapQuest. Com are typically non-transferable and can only be exercised by MapQuest. Com or its authorized employees. The Clark Nevada Stock Option Agreement is of significant importance to MapQuest. Com as it provides an opportunity for the company to acquire ownership in AOL. This skews the interests of both companies towards mutual growth and financial prosperity. AOL benefits from the potential influx of capital, and MapQuest. Com gains the prospect of increased profits if the value of AOL stock rises. Different types of Clark Nevada Stock Option Agreements may exist, depending on the specific terms and conditions negotiated between AOL and MapQuest. Com. These variations can include: 1. Non-Qualified Stock Options (Nests): These stock options do not qualify for special tax treatment and are typically offered to employees, officers, or consultants of MapQuest. Com. 2. Incentive Stock Options (SOS): Reserved for employees and subject to specific tax advantages, SOS may have additional requirements, such as a holding period, before shares can be sold tax-free. 3. Early Exercise Stock Options: This type allows MapQuest. Com to exercise its options before they fully vest, potentially capturing gains early. 4. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of AOL stock at a future date, often linked to certain performance conditions or retention periods. It is essential for both AOL and MapQuest. Com to draft the Clark Nevada Stock Option Agreement meticulously, covering crucial aspects such as exercise periods, conditions of termination, post-termination rights, and any restrictions on transferring or selling the acquired AOL shares. In summary, the Clark Nevada Stock Option Agreement between AOL and MapQuest. Com serves as a means to strengthen the relationship between the two companies, offering MapQuest. Com the potential to increase its ownership in AOL and aligning their interests in shared success.

The Clark Nevada Stock Option Agreement is a legally binding contract between two prominent companies, America Online, Inc. (AOL) and MapQuest. Com, Inc. This agreement establishes the framework and terms of stock options issued by AOL to MapQuest. Com, Inc., allowing the latter to purchase a certain number of AOL's company shares at a predetermined price within a specified time period. Under the Clark Nevada Stock Option Agreement, AOL grants MapQuest. Com the right to purchase a specific number of AOL shares at an agreed-upon price, usually referred to as the exercise or strike price. This price is often determined at the time of granting the option and remains fixed throughout the term of the agreement. The stock options provided to MapQuest. Com are typically non-transferable and can only be exercised by MapQuest. Com or its authorized employees. The Clark Nevada Stock Option Agreement is of significant importance to MapQuest. Com as it provides an opportunity for the company to acquire ownership in AOL. This skews the interests of both companies towards mutual growth and financial prosperity. AOL benefits from the potential influx of capital, and MapQuest. Com gains the prospect of increased profits if the value of AOL stock rises. Different types of Clark Nevada Stock Option Agreements may exist, depending on the specific terms and conditions negotiated between AOL and MapQuest. Com. These variations can include: 1. Non-Qualified Stock Options (Nests): These stock options do not qualify for special tax treatment and are typically offered to employees, officers, or consultants of MapQuest. Com. 2. Incentive Stock Options (SOS): Reserved for employees and subject to specific tax advantages, SOS may have additional requirements, such as a holding period, before shares can be sold tax-free. 3. Early Exercise Stock Options: This type allows MapQuest. Com to exercise its options before they fully vest, potentially capturing gains early. 4. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of AOL stock at a future date, often linked to certain performance conditions or retention periods. It is essential for both AOL and MapQuest. Com to draft the Clark Nevada Stock Option Agreement meticulously, covering crucial aspects such as exercise periods, conditions of termination, post-termination rights, and any restrictions on transferring or selling the acquired AOL shares. In summary, the Clark Nevada Stock Option Agreement between AOL and MapQuest. Com serves as a means to strengthen the relationship between the two companies, offering MapQuest. Com the potential to increase its ownership in AOL and aligning their interests in shared success.