The Kings New York Stock Option Agreement is an important contract between America Online, Inc. and MapQuest. Com, Inc. that outlines the terms and conditions related to stock options granted by America Online to MapQuest. Com. This agreement allows MapQuest. Com to purchase a certain number of shares of America Online's stock at a specified price, within a defined timeframe. One of the key types of Kings New York Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is the "Incentive Stock Option Agreement." This specific agreement enables MapQuest. Com to obtain stock options at a favorable tax rate, as per the guidelines set by the Internal Revenue Code. It often includes various restrictions and conditions, such as a required holding period for the acquired shares. Another type is the "Non-Qualified Stock Option Agreement." In this case, the stock options granted to MapQuest. Com do not meet the requirements for preferential tax treatment and are subject to ordinary income tax rates upon exercise. Non-qualified stock options offer more flexibility in terms of granting options to employees, directors, or consultants. The Kings New York Stock Option Agreement typically includes several important provisions. Firstly, it specifies the number of shares granted to MapQuest. Com and sets an exercise price at which these shares can be purchased. Additionally, it outlines the vesting schedule, which determines when MapQuest. Com can exercise their stock options based on specified criteria, such as tenure or achievement of performance goals. The agreement will also detail the expiration date, which establishes the deadline by which MapQuest. Com must exercise their stock options before they become worthless. It may also include provisions regarding events such as mergers, acquisitions, or changes in control that could impact the stock options and provide guidelines on how such situations will be handled. Furthermore, the Kings New York Stock Option Agreement may contain restrictions on the transferability of the stock options, ensuring that they remain within the control of MapQuest. Com's authorized individuals or entities. Any non-compliance with these restrictions could lead to the forfeiture or cancellation of the stock options. Overall, the Kings New York Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. serves as a crucial document that governs the allocation, exercise, and potential disposition of stock options granted by America Online to MapQuest. Com. It protects the interests of both parties involved, while ensuring compliance with applicable laws and regulations related to stock options and taxation.
Kings New York Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
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How to fill out Kings New York Stock Option Agreement Between America Online, Inc. And Mapquest.Com, Inc.?
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