Cuyahoga Ohio Stock Option Agreement is a legal document that outlines the terms and conditions of a stock option agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. It is a contract that grants certain rights to MapQuest. Com, Inc. for the purchase of a specific number of shares of AOL's stock at a predetermined price within a specified time period. This type of agreement is commonly used in corporate settings as a form of compensation or incentive for employees, directors, or consultants. It provides an opportunity for the recipient to participate in the future growth and success of the company by acquiring company stock at a favorable price. The Cuyahoga Ohio Stock Option Agreement between AOL and MapQuest. Com, Inc. serves to define the terms such as the number of shares subject to the option, the exercise price, the vesting schedule, and the expiration date. It also outlines the restrictions on the transferability of the options and any other terms specific to the agreement. Different types of Cuyahoga Ohio Stock Option Agreement between AOL and MapQuest. Com, Inc. may include: 1. Employee Stock Option Agreement: This type of agreement is specifically designed for employees of MapQuest. Com, Inc. It details the terms and conditions under which employees can purchase company stock options as part of their overall compensation package. 2. Director Stock Option Agreement: This agreement is intended for directors of MapQuest. Com, Inc. It outlines the terms by which directors can acquire stock options in recognition of their service and contribution to the company. 3. Consultant Stock Option Agreement: This agreement is for consultants who provide specialized services to MapQuest. Com, Inc. It allows consultants to receive stock options as part of their compensation, aligning their interests with the long-term success of the company. The Cuyahoga Ohio Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. provides a mechanism for incentivizing key individuals within MapQuest. Com, Inc. to contribute to the company's growth and success while aligning their interests with the shareholders.