Mecklenburg North Carolina Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that outlines the terms and conditions of stock options offered by America Online, Inc. to its employees or executives specifically located in Mecklenburg, North Carolina. It is specifically designed for individuals working at MapQuest. Com, Inc., a subsidiary of America Online, Inc., and is tailored to comply with local laws and regulations. The purpose of this agreement is to provide eligible employees in Mecklenburg, North Carolina, with an opportunity to purchase a certain number of company stocks at a predetermined price, known as the exercise price. This agreement aims to motivate and reward employees by allowing them to become shareholders of the company, aligning their interests with the overall success and growth of the organization. The Mecklenburg North Carolina Stock Option Agreement typically includes the following key elements: 1. Parties: Clearly identifies the involved parties, America Online, Inc. and MapQuest. Com, Inc. 2. Grant of Stock Options: Defines the number of stock options being granted to the eligible employees in Mecklenburg, North Carolina. 3. Exercise Price: Specifies the price at which the stock options can be exercised or purchased by the employees. 4. Vesting Schedule: Outlines the timeframe within which the stock options will become exercisable. This schedule encourages employees' loyalty and commitment to the company as they can only exercise their options after completion of a certain period of service or achievement of specific milestones. 5. Exercise Period: Indicates the duration during which the stock options can be exercised, typically ranging from a few years to several years. 6. Exercise of Stock Options: Describes the process and procedures for exercising the stock options, including necessary documentation, payment methods, and any restrictions on exercising the options. 7. Restrictions: Specifies any restrictions or guidelines related to the transfer, sale, or assignment of the stock options. 8. Termination of Options: Covers the circumstances under which the stock options may be terminated, such as employee termination, retirement, or expiration of the exercise period. 9. Governing Law: Specifies that Mecklenburg, North Carolina laws will govern all aspects of this agreement. Different types of Mecklenburg North Carolina Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may include variations in terms such as the number of stock options granted, the exercise price, and the vesting schedule. Additionally, there might be different agreements for specific employee groups, such as executives, managers, or specialized teams. Keywords: Mecklenburg North Carolina, Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, employees, executives, exercise price, vesting schedule, exercise period, termination, governing law.

Mecklenburg North Carolina Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legally binding contract that outlines the terms and conditions of stock options offered by America Online, Inc. to its employees or executives specifically located in Mecklenburg, North Carolina. It is specifically designed for individuals working at MapQuest. Com, Inc., a subsidiary of America Online, Inc., and is tailored to comply with local laws and regulations. The purpose of this agreement is to provide eligible employees in Mecklenburg, North Carolina, with an opportunity to purchase a certain number of company stocks at a predetermined price, known as the exercise price. This agreement aims to motivate and reward employees by allowing them to become shareholders of the company, aligning their interests with the overall success and growth of the organization. The Mecklenburg North Carolina Stock Option Agreement typically includes the following key elements: 1. Parties: Clearly identifies the involved parties, America Online, Inc. and MapQuest. Com, Inc. 2. Grant of Stock Options: Defines the number of stock options being granted to the eligible employees in Mecklenburg, North Carolina. 3. Exercise Price: Specifies the price at which the stock options can be exercised or purchased by the employees. 4. Vesting Schedule: Outlines the timeframe within which the stock options will become exercisable. This schedule encourages employees' loyalty and commitment to the company as they can only exercise their options after completion of a certain period of service or achievement of specific milestones. 5. Exercise Period: Indicates the duration during which the stock options can be exercised, typically ranging from a few years to several years. 6. Exercise of Stock Options: Describes the process and procedures for exercising the stock options, including necessary documentation, payment methods, and any restrictions on exercising the options. 7. Restrictions: Specifies any restrictions or guidelines related to the transfer, sale, or assignment of the stock options. 8. Termination of Options: Covers the circumstances under which the stock options may be terminated, such as employee termination, retirement, or expiration of the exercise period. 9. Governing Law: Specifies that Mecklenburg, North Carolina laws will govern all aspects of this agreement. Different types of Mecklenburg North Carolina Stock Option Agreements between America Online, Inc. and MapQuest. Com, Inc. may include variations in terms such as the number of stock options granted, the exercise price, and the vesting schedule. Additionally, there might be different agreements for specific employee groups, such as executives, managers, or specialized teams. Keywords: Mecklenburg North Carolina, Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc., stock options, employees, executives, exercise price, vesting schedule, exercise period, termination, governing law.