The Hillsborough Florida Stock Option Agreement is a legally binding contract between America Online, Inc. (AOL) and MapQuest. Com, Inc. regarding stock options in relation to their business operations in Hillsborough, Florida. This agreement outlines the terms and conditions under which AOL grants MapQuest. Com the option to purchase a predetermined number of shares of AOL's stock at a specified price within a specified time frame. This stock option agreement provides MapQuest. Com with the right, but not the obligation, to purchase shares of AOL's stock in the future. The agreement typically includes details such as the exercise price or strike price, the vesting schedule, expiration date, and any additional terms and conditions agreed upon by the parties involved. The Hillsborough Florida Stock Option Agreement may vary depending on the specific type of agreement established between AOL and MapQuest. Com. Different types of stock option agreements may include: 1. Non-Qualified Stock Option Agreement: This type of agreement allows MapQuest. Com to purchase AOL's stock at a specified price, typically above the current market value, and is subject to income tax upon exercise. 2. Incentive Stock Option Agreement: This agreement is granted to MapQuest. Com as an employee incentive and enjoys certain tax advantages. It allows MapQuest. Com to purchase AOL's stock at a price equal to or below the fair market value, subject to holding period requirements. 3. Restricted Stock Option Agreement: This type of agreement may be granted to MapQuest. Com under certain conditions, such as achieving specific performance milestones or remaining with the company for a certain period. The stock options are subject to a vesting schedule, and MapQuest. Com may gain ownership rights over the shares once the vesting conditions are met. These are some possible types of Hillsborough Florida Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. However, it is important to note that the specific terms and types of agreements may vary based on the negotiation and agreement between the parties involved.
Hillsborough Florida Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
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