Fulton Georgia Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fulton
• 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 A Fulton Georgia Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legal contract that outlines the terms and conditions for the purchase of stock options issued by America Online, Inc. to employees or key individuals of MapQuest. Com, Inc. This agreement serves as a mechanism for incentivizing and rewarding employees for their contributions to the success and growth of MapQuest. Com. The Fulton Georgia Stock Option Agreement typically includes the following key elements: 1. Parties: The agreement clearly identifies the parties involved, namely America Online, Inc. (the "Granter") and MapQuest. Com, Inc. (the "Grantee"). 2. Grant of Stock Options: The agreement specifies the number of stock options being granted to the Grantee, which represents the right to purchase a specific number of shares of America Online, Inc. stock at a predetermined exercise price. 3. Exercise Price: The agreement determines the exercise price at which the Grantee can purchase the stock options. The exercise price is usually set at the fair market value of the stock on the date of grant. 4. Vesting Schedule: The agreement outlines the vesting schedule, which specifies the timeframe or milestones that the Grantee must meet in order to become eligible to exercise their stock options. Vesting is commonly based on a time-based schedule (e.g., four years with a one-year cliff) or performance-based milestones. 5. Expiration Date: The agreement sets an expiration date, which is the last day on which the Grantee can exercise their stock options. Typically, the expiration date is several years from the date of grant. 6. Terms of Exercise: The agreement details the procedures and conditions for exercising stock options, including any restrictions on when and how the options can be exercised. 7. Change of Control Provisions: Some Fulton Georgia Stock Option Agreements include provisions that determine the treatment of stock options in the event of a change of control, such as a merger or acquisition, to protect the rights and interests of the Grantee. Different types of Fulton Georgia Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may include variations in the vesting schedule, exercise price, expiration date, and provisions related to change of control. It's crucial for both parties to understand and agree upon these terms to ensure a fair and mutually beneficial agreement. Disclaimer: This response is for informational purposes only and should not be considered legal advice. It is recommended to consult with a qualified attorney for guidance on specific legal matters.

A Fulton Georgia Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legal contract that outlines the terms and conditions for the purchase of stock options issued by America Online, Inc. to employees or key individuals of MapQuest. Com, Inc. This agreement serves as a mechanism for incentivizing and rewarding employees for their contributions to the success and growth of MapQuest. Com. The Fulton Georgia Stock Option Agreement typically includes the following key elements: 1. Parties: The agreement clearly identifies the parties involved, namely America Online, Inc. (the "Granter") and MapQuest. Com, Inc. (the "Grantee"). 2. Grant of Stock Options: The agreement specifies the number of stock options being granted to the Grantee, which represents the right to purchase a specific number of shares of America Online, Inc. stock at a predetermined exercise price. 3. Exercise Price: The agreement determines the exercise price at which the Grantee can purchase the stock options. The exercise price is usually set at the fair market value of the stock on the date of grant. 4. Vesting Schedule: The agreement outlines the vesting schedule, which specifies the timeframe or milestones that the Grantee must meet in order to become eligible to exercise their stock options. Vesting is commonly based on a time-based schedule (e.g., four years with a one-year cliff) or performance-based milestones. 5. Expiration Date: The agreement sets an expiration date, which is the last day on which the Grantee can exercise their stock options. Typically, the expiration date is several years from the date of grant. 6. Terms of Exercise: The agreement details the procedures and conditions for exercising stock options, including any restrictions on when and how the options can be exercised. 7. Change of Control Provisions: Some Fulton Georgia Stock Option Agreements include provisions that determine the treatment of stock options in the event of a change of control, such as a merger or acquisition, to protect the rights and interests of the Grantee. Different types of Fulton Georgia Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may include variations in the vesting schedule, exercise price, expiration date, and provisions related to change of control. It's crucial for both parties to understand and agree upon these terms to ensure a fair and mutually beneficial agreement. Disclaimer: This response is for informational purposes only and should not be considered legal advice. It is recommended to consult with a qualified attorney for guidance on specific legal matters.