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.
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FAQ
A stock option is a contract that gives its owner the right, but not the obligation, to buy or sell shares of a corporation's stock at a predetermined price by a specified date. Private company stock options are call options, giving the holder the right to purchase shares of the company's stock at a specified price.
Stock options give employees a share in the potential upside of the company's success. They are high-risk, high-reward compensation. You don't know how much they will be worth when they're first issued. But if the company does well, employees with large option grants stand to gain significantly.
For nonstatutory options without a readily determinable fair market value, there's no taxable event when the option is granted but you must include in income the fair market value of the stock received on exercise, less the amount paid, when you exercise the option.
For example, a stock option is for 100 shares of the underlying stock. Assume a trader buys one call option contract on ABC stock with a strike price of $25. He pays $150 for the option. On the option's expiration date, ABC stock shares are selling for $35.
Notice of Stock Option Grant means a notification delivered to an Optionee setting forth the nature of the Optionee's Option, the number of Shares subject to the Option, the Exercise Price and other terms and conditions of the Option.
The option gives the holder the right to acquire a share in certain circumstances and at a certain price (the exercise price). The exercise price might be the market value of the shares on the date of option grant, or be a fairly nominal amount. Share options can be a tax-efficient way of remunerating employees.
From the employee's standpoint, a stock option grant is an opportunity to purchase stock in the company for which they work. Typically, the grant price is set as the market price at the time the grant is offered.
Stock option grants are how your company awards stock options. This document usually includes details about: The type of stock options you'll receive (ISOs or NSOs) The number of shares you can purchase. Your strike price.
An option is a contract giving the buyer the right?but not the obligation?to buy (in the case of a call) or sell (in the case of a put) the underlying asset at a specific price on or before a certain date. People use options for income, to speculate, and to hedge risk.
Stock Options Definition: Stock options are contracts that give the buyer (the ?option holder?) the right to buy or sell (depending on the type of option) shares of a specified company at a specified price within a specified time period (on or before the ?expiration date?).