Maricopa Arizona Stock Option Agreement is a legal document that outlines the terms and conditions of the stock options granted by America Online, Inc. (AOL) to MapQuest. Com, Inc. (MapQuest), both entities being involved in the technology industry. This agreement aims to provide MapQuest with the opportunity to purchase a specific number of shares of AOL's stock at a predetermined price, known as the exercise price, within a predetermined time period. This Stock Option Agreement establishes a contractual relationship between AOL and MapQuest, wherein MapQuest is granted the right to purchase AOL's stock options. The agreement includes various sections carefully outlining the rights and obligations of both parties involved. These sections generally cover topics such as the grant of options, exercise price, vesting period, termination, and change of control provisions. The agreement typically specifies the number of stock options allocated to MapQuest, indicating the quantity of shares that may be purchased at the exercise price. The exercise price is often set below the fair market value at the time of granting the options, allowing MapQuest to enjoy potential financial gains in the future. Furthermore, the agreement outlines the vesting period within which MapQuest must exercise its stock options. Vesting refers to the time-based progression imposed on the options, ensuring that MapQuest remains associated with AOL for a specific duration before being able to fully acquire the options. This provision is often established to incentivize MapQuest to stay with AOL and contribute to its success. In addition, the Maricopa Arizona Stock Option Agreement between AOL and MapQuest may include clauses related to termination. These clauses outline the circumstances under which the agreement may be terminated, such as the departure of MapQuest from AOL or certain changes in the corporate structure of either party. Different types of Maricopa Arizona Stock Option Agreements may exist between AOL and MapQuest, depending on their specific needs and objectives. These variations could include differing exercise prices, vesting schedules, or even unique provisions tailored to the specific agreement. In summary, the Maricopa Arizona Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding document that outlines the terms and conditions surrounding the grant and exercise of stock options. It serves as a mechanism to incentivize MapQuest and foster a mutually beneficial relationship between the two companies in the fast-paced technology industry.
Maricopa Arizona Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
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