Hennepin Minnesota Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that outlines the details of stock options granted to employees or executives of MapQuest. Com, Inc. by America Online, Inc. This agreement provides an opportunity for eligible individuals to purchase a specific number of shares of MapQuest. Com, Inc. stock at a predetermined price, known as the exercise price or strike price. The purpose of the Hennepin Minnesota Stock Option Agreement is to incentivize and reward employees or executives for their contribution to the success and growth of MapQuest. Com, Inc. By granting stock options, the agreement aligns the interests of the employees with those of the company, as they stand to benefit financially if the company's stock value increases over time. This agreement generally includes important details such as the number of stock options granted, the exercise price, vesting schedule (which determines when the options can be exercised), expiration date, and any restrictions or conditions imposed by America Online, Inc. These conditions may include performance milestones, continuous employment, or compliance with non-compete agreements. Different types of Hennepin Minnesota Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may include: 1. Non-Qualified Stock Option (NO): This type of stock option is more common and allows employees to purchase shares at the exercise price, subject to regular income tax upon exercise. SOS offer flexibility in terms of who can receive the options and are not subject to specific tax requirements. 2. Incentive Stock Option (ISO): SOS are typically offered to key employees and have certain tax advantages. These options receive favorable tax treatment if specific Internal Revenue Service (IRS) requirements are met. Upon exercise and sale of the shares, taxes on the gains are typically treated as long-term capital gains, which may result in lower tax rates for the recipient. 3. Restricted Stock Units (RSS): While not technically a stock option, RSS are often included in stock option agreements. RSS grant employees or executives a set number of shares or the cash equivalent, typically subject to a vesting schedule and certain performance or liquidity conditions. It is essential for individuals involved in a Hennepin Minnesota Stock Option Agreement to thoroughly review and understand the terms and conditions specified in the agreement. Seeking legal and financial advice is recommended to ensure compliance with relevant laws, tax regulations, and to maximize the potential benefits of the stock options.

The Hennepin Minnesota Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that outlines the details of stock options granted to employees or executives of MapQuest. Com, Inc. by America Online, Inc. This agreement provides an opportunity for eligible individuals to purchase a specific number of shares of MapQuest. Com, Inc. stock at a predetermined price, known as the exercise price or strike price. The purpose of the Hennepin Minnesota Stock Option Agreement is to incentivize and reward employees or executives for their contribution to the success and growth of MapQuest. Com, Inc. By granting stock options, the agreement aligns the interests of the employees with those of the company, as they stand to benefit financially if the company's stock value increases over time. This agreement generally includes important details such as the number of stock options granted, the exercise price, vesting schedule (which determines when the options can be exercised), expiration date, and any restrictions or conditions imposed by America Online, Inc. These conditions may include performance milestones, continuous employment, or compliance with non-compete agreements. Different types of Hennepin Minnesota Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may include: 1. Non-Qualified Stock Option (NO): This type of stock option is more common and allows employees to purchase shares at the exercise price, subject to regular income tax upon exercise. SOS offer flexibility in terms of who can receive the options and are not subject to specific tax requirements. 2. Incentive Stock Option (ISO): SOS are typically offered to key employees and have certain tax advantages. These options receive favorable tax treatment if specific Internal Revenue Service (IRS) requirements are met. Upon exercise and sale of the shares, taxes on the gains are typically treated as long-term capital gains, which may result in lower tax rates for the recipient. 3. Restricted Stock Units (RSS): While not technically a stock option, RSS are often included in stock option agreements. RSS grant employees or executives a set number of shares or the cash equivalent, typically subject to a vesting schedule and certain performance or liquidity conditions. It is essential for individuals involved in a Hennepin Minnesota Stock Option Agreement to thoroughly review and understand the terms and conditions specified in the agreement. Seeking legal and financial advice is recommended to ensure compliance with relevant laws, tax regulations, and to maximize the potential benefits of the stock options.