Franklin Ohio Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. is a legal document that outlines the terms and conditions for granting stock options from AOL to MapQuest. Com, Inc. It establishes the rights, responsibilities, and obligations of both parties regarding stock options. Under this agreement, AOL grants MapQuest. Com, Inc. the right to purchase a given number of shares of AOL's stock at a predetermined price, also known as the exercise price or strike price. These stock options may be granted as part of an employee compensation package or as a strategic business partnership agreement. The agreement typically includes details such as: 1. Grant of Options: It specifies the number of stock options being granted to MapQuest. Com, Inc. 2. Exercise Price: The predetermined price at which MapQuest. Com, Inc. can buy AOL's stock when exercising the stock option. 3. Vesting Schedule: The timeframe or conditions under which the stock options become exercisable by MapQuest. Com, Inc. This schedule outlines when the recipient gains full ownership and control of the options. 4. Expiration Date: The agreed-upon date by which the stock options must be exercised before becoming invalid. 5. Terms of Exercise: The process and requirements for exercising the stock options, including any restrictions, procedures, and documentation needed. 6. Treatment of Options in Event of Corporate Changes: This section outlines what happens to the stock options if there is a merger, acquisition, or any significant corporate changes involving AOL or MapQuest. Com, Inc. 7. Transferability: Whether the stock options can be transferred or assigned by MapQuest. Com, Inc. to another party. 8. Termination of Agreement: Under what circumstances this agreement may be terminated, including breach of contract, mutual agreement, or expiration of options. As for different types of Franklin Ohio Stock Option Agreements between AOL and MapQuest. Com, Inc., they may vary based on the nature of the stock options granted. Some common types include non-qualified stock options (NO) and incentive stock options (ISO). Nests provide flexibility in granting options, while SOS offer potential tax advantages for employees if certain requirements are met. Moreover, there may be variations in terms and conditions within each type of agreement, tailored to the specific needs and circumstances of AOL and MapQuest. Com, Inc. Note: The provided information is purely fictional and created for the purpose of demonstrating the generation capabilities of OpenAI's language model.

The Franklin Ohio Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. is a legal document that outlines the terms and conditions for granting stock options from AOL to MapQuest. Com, Inc. It establishes the rights, responsibilities, and obligations of both parties regarding stock options. Under this agreement, AOL grants MapQuest. Com, Inc. the right to purchase a given number of shares of AOL's stock at a predetermined price, also known as the exercise price or strike price. These stock options may be granted as part of an employee compensation package or as a strategic business partnership agreement. The agreement typically includes details such as: 1. Grant of Options: It specifies the number of stock options being granted to MapQuest. Com, Inc. 2. Exercise Price: The predetermined price at which MapQuest. Com, Inc. can buy AOL's stock when exercising the stock option. 3. Vesting Schedule: The timeframe or conditions under which the stock options become exercisable by MapQuest. Com, Inc. This schedule outlines when the recipient gains full ownership and control of the options. 4. Expiration Date: The agreed-upon date by which the stock options must be exercised before becoming invalid. 5. Terms of Exercise: The process and requirements for exercising the stock options, including any restrictions, procedures, and documentation needed. 6. Treatment of Options in Event of Corporate Changes: This section outlines what happens to the stock options if there is a merger, acquisition, or any significant corporate changes involving AOL or MapQuest. Com, Inc. 7. Transferability: Whether the stock options can be transferred or assigned by MapQuest. Com, Inc. to another party. 8. Termination of Agreement: Under what circumstances this agreement may be terminated, including breach of contract, mutual agreement, or expiration of options. As for different types of Franklin Ohio Stock Option Agreements between AOL and MapQuest. Com, Inc., they may vary based on the nature of the stock options granted. Some common types include non-qualified stock options (NO) and incentive stock options (ISO). Nests provide flexibility in granting options, while SOS offer potential tax advantages for employees if certain requirements are met. Moreover, there may be variations in terms and conditions within each type of agreement, tailored to the specific needs and circumstances of AOL and MapQuest. Com, Inc. Note: The provided information is purely fictional and created for the purpose of demonstrating the generation capabilities of OpenAI's language model.