Oakland Michigan Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. The Oakland Michigan Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. is a legal document that outlines the terms and conditions of stock options granted to employees or key individuals of MapQuest. Com, Inc. by America Online, Inc. Keywords: Oakland Michigan, Stock Option Agreement, America Online, Inc., MapQuest. Com, Inc. 1. Purpose of the Agreement: The purpose of this Stock Option Agreement is to provide eligible employees or key individuals of MapQuest. Com, Inc. the opportunity to purchase a specific number of shares of common stock in America Online, Inc. at a predetermined price, within a specified period of time. 2. Vesting Period: The Agreement will specify the vesting period during which the stock options become "vested" or available for exercise by the employees. This period may be subject to certain conditions such as employment duration, performance milestones, or other criteria defined by both parties. 3. Exercise Price: The Stock Option Agreement will determine the exercise price at which the employees can buy the shares of America Online, Inc. The exercise price is typically set at the fair market value of the company's common stock at the time of grant. 4. Quantity and Type of Stock Options: The Agreement may specify the number of stock options granted to the employees or key individuals, along with any limitations or restrictions. It may also identify the type of stock options, such as incentive stock options (SOS) or non-qualified stock options (SOS), depending on the applicable tax laws and regulations. 5. Terms and Conditions: The Agreement will outline the various terms and conditions regarding the stock options, including: — Exercise Period: The timeframe during which the employees can exercise their stock options, typically after the vesting period. — Termination: The circumstances under which the stock options may be terminated, including termination of employment, retirement, or other qualifying events. — Transferability: Whether the stock options can be transferred or assigned to another party, subject to any restrictions or limitations. — Tax Considerations: The tax implications associated with exercising the stock options and the responsibility of the employees for any taxes or withholding obligations. Different Types of Oakland Michigan Stock Option Agreements: While the specifics may vary, there could be various types of Stock Option Agreements that fall under the Oakland Michigan jurisdiction between America Online, Inc. and MapQuest. Com, Inc. These may include: — Employee Stock Option Agreement: Designed specifically for eligible employees of MapQuest. Com, Inc. — Management Stock Option Agreement: Tailored for key individuals or executives in leadership positions within MapQuest. Com, Inc. — Incentive Stock Option Agreement: Grants stock options to employees, providing favorable tax treatment if certain conditions are met. — Non-Qualified Stock Option Agreement: Offers broader flexibility with fewer restrictions compared to incentive stock options. It's important to consult legal professionals and refer to the actual agreement documents for accurate information and understanding of the specific terms and conditions of the Oakland Michigan Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc.
Oakland Michigan Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
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