Montgomery Maryland Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Montgomery
• 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 Montgomery, Maryland Stock Option Agreement between America Online, Inc. and Mapquest.com, Inc. A stock option agreement is a legally binding contract between two companies, America Online, Inc. (AOL) and Mapquest.com, Inc., specifically regarding their operations in Montgomery, Maryland. This agreement governs the terms and conditions under which stock options are granted to employees of Mapquest.com, Inc. by America Online, Inc. Stock options are a form of compensation granted to employees, providing the right to purchase a specific number of company shares at a predetermined price within a defined time period. These options serve as a way to incentivize employees, aligning their interests with the overall performance and growth of the company. In this particular Montgomery, Maryland agreement between AOL and Mapquest.com, several important elements are typically covered: 1. Grant of Option: The agreement outlines the total number of options being granted to eligible employees, including the vesting schedule (e.g., the period over which the options become exercisable). 2. Exercise Price: The exercise price, also known as the strike price, represents the predetermined price at which the stock options can be exercised by employees. This price is usually set at or above the current market value of the stock at the time of grant. 3. Expiration Date: The stock option agreement includes an expiration date, the last date by which the options must be exercised. This expiration date provides a limited timeframe for employees to decide whether to exercise their options. 4. Terms and Conditions: The agreement defines the terms and conditions for the exercise of stock options, including any restrictions on transferability, rights of first refusal, and limitations on exercising options upon termination of employment. Different types of Montgomery, Maryland Stock Option Agreements between AOL and Mapquest.com, Inc. may include: 1. Employee Stock Option Agreement: This type of agreement is typically granted to employees of Mapquest.com, Inc., allowing them to purchase company shares at the specified exercise price within the given timeframe. 2. Director Stock Option Agreement: This agreement may be specific to directors of Mapquest.com, Inc., granting them stock options as part of their compensation package, further aligning their interests with the company's success. 3. Executive Stock Option Agreement: Executives or top-level management personnel of Mapquest.com, Inc. may have a separate stock option agreement reflecting their unique roles and responsibilities within the organization. It is important to note that the specific terms and conditions of each Montgomery, Maryland Stock Option Agreement may vary based on the individual circumstances and negotiations between America Online, Inc. and Mapquest.com, Inc.

Montgomery, Maryland Stock Option Agreement between America Online, Inc. and Mapquest.com, Inc. A stock option agreement is a legally binding contract between two companies, America Online, Inc. (AOL) and Mapquest.com, Inc., specifically regarding their operations in Montgomery, Maryland. This agreement governs the terms and conditions under which stock options are granted to employees of Mapquest.com, Inc. by America Online, Inc. Stock options are a form of compensation granted to employees, providing the right to purchase a specific number of company shares at a predetermined price within a defined time period. These options serve as a way to incentivize employees, aligning their interests with the overall performance and growth of the company. In this particular Montgomery, Maryland agreement between AOL and Mapquest.com, several important elements are typically covered: 1. Grant of Option: The agreement outlines the total number of options being granted to eligible employees, including the vesting schedule (e.g., the period over which the options become exercisable). 2. Exercise Price: The exercise price, also known as the strike price, represents the predetermined price at which the stock options can be exercised by employees. This price is usually set at or above the current market value of the stock at the time of grant. 3. Expiration Date: The stock option agreement includes an expiration date, the last date by which the options must be exercised. This expiration date provides a limited timeframe for employees to decide whether to exercise their options. 4. Terms and Conditions: The agreement defines the terms and conditions for the exercise of stock options, including any restrictions on transferability, rights of first refusal, and limitations on exercising options upon termination of employment. Different types of Montgomery, Maryland Stock Option Agreements between AOL and Mapquest.com, Inc. may include: 1. Employee Stock Option Agreement: This type of agreement is typically granted to employees of Mapquest.com, Inc., allowing them to purchase company shares at the specified exercise price within the given timeframe. 2. Director Stock Option Agreement: This agreement may be specific to directors of Mapquest.com, Inc., granting them stock options as part of their compensation package, further aligning their interests with the company's success. 3. Executive Stock Option Agreement: Executives or top-level management personnel of Mapquest.com, Inc. may have a separate stock option agreement reflecting their unique roles and responsibilities within the organization. It is important to note that the specific terms and conditions of each Montgomery, Maryland Stock Option Agreement may vary based on the individual circumstances and negotiations between America Online, Inc. and Mapquest.com, Inc.