Collin Texas Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that outlines the terms and conditions related to stock options granted to employees or key personnel of MapQuest. Com, Inc. by America Online, Inc., based in Collin Texas. The agreement serves as a means to incentivize and retain talented individuals by offering them the opportunity to purchase a predetermined number of company shares at a specified price within a certain timeframe. This specific type of stock option agreement highlights the partnership between America Online, Inc. and MapQuest. Com, Inc., two significant entities in the tech industry. The agreement provides the necessary details regarding the stock options granted, including the number of options, the exercise price, vesting schedule, and expiration date. It also outlines additional terms such as liquidity events, change of control provisions, and potential restrictions on exercising the options. The Collin Texas Stock Option Agreement may be further categorized into different types based on the specific terms and conditions it encompasses. These variations depend on factors such as the grant type, option exercise type, and eligibility criteria. Some possible types of Collin Texas Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may include: 1. Non-Qualified Stock Options (SOS): These options provide employees with the ability to purchase company stock at a predetermined price, known as the exercise price. The gains from exercising SOS are subject to ordinary income tax rates. 2. Incentive Stock Options (SOS): SOS are options that offer potential tax advantages to employees if certain Internal Revenue Service (IRS) criteria are met. These criteria may include limitations on the exercise price, holding periods, and annual limits. 3. Restricted Stock Units (RSS): RSS are a type of stock-based compensation where employees receive units that convert into stock after certain vesting requirements are met. Unlike stock options, RSS do not possess an exercise price. 4. Performance-Based Stock Options: These options are granted based on specific performance metrics, such as achieving certain revenue or profitability targets. They serve as a means to align employee incentives with the company's overall goals. 5. Early Exercise Stock Options: Early exercise options allow employees to exercise their stock options before they have fully vested. This option potentially offers tax advantages, but also carries the risk of forfeiting invested shares if certain conditions are not met. In conclusion, the Collin Texas Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a comprehensive contract that plays a significant role in attracting and retaining valuable talent within MapQuest. Com, Inc. Different types of stock option agreements exist to cater to the specific circumstances and objectives of both the employees and the companies involved.
Collin Texas Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
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