Salt Lake Utah Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. refers to a legally binding agreement made between the two entities regarding stock options in relation to their business operations in the Salt Lake City area of Utah. This agreement outlines the terms and conditions under which stock options are granted or exercised. The Salt Lake Utah Stock Option Agreement may encompass various types, depending on the specific conditions and objectives of the agreement. Some potential types of stock option agreements between America Online, Inc. and MapQuest. Com, Inc. in the Salt Lake City region could include: 1. Non-Qualified Stock Option Agreement: This type of agreement grants employees the right to purchase company stocks at a predetermined price (strike price), typically lower than the market price, within a specified time frame. It is typically offered to key employees to incentivize their performance and commitment. 2. Incentive Stock Option Agreement: This agreement grants employees the right to purchase company stocks at a specified price within a specific timeframe, often with certain tax advantages. Incentive stock options are usually offered to executives and high-level employees as a means to retain and motivate them. 3. Restricted Stock Option Agreement: This type of agreement grants employees the right to purchase company stocks, but with certain restrictions and conditions. For example, the stocks may be subject to a vesting schedule or require the achievement of specific performance targets before they can be fully exercised. 4. Performance-based Stock Option Agreement: This agreement links the exercise of stock options to the attainment of predetermined performance goals. It incentivizes employees to strive for specific objectives, such as revenue targets, market share growth, or product development milestones, before they can fully exercise their stock options. 5. Employee Stock Purchase Plan (ESPN): While not strictly a stock option agreement, an ESPN allows employees to purchase company stocks at a discounted price through regular payroll deductions. This type of agreement is often available to all employees, fostering a sense of ownership and involvement in the company's success. Each type of Salt Lake Utah Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. will have its specific terms, conditions, and eligibility criteria. These agreements are designed to align the interests of the employees with the growth and success of the company, while providing them with opportunities for financial gain through stock ownership.

Salt Lake Utah Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. refers to a legally binding agreement made between the two entities regarding stock options in relation to their business operations in the Salt Lake City area of Utah. This agreement outlines the terms and conditions under which stock options are granted or exercised. The Salt Lake Utah Stock Option Agreement may encompass various types, depending on the specific conditions and objectives of the agreement. Some potential types of stock option agreements between America Online, Inc. and MapQuest. Com, Inc. in the Salt Lake City region could include: 1. Non-Qualified Stock Option Agreement: This type of agreement grants employees the right to purchase company stocks at a predetermined price (strike price), typically lower than the market price, within a specified time frame. It is typically offered to key employees to incentivize their performance and commitment. 2. Incentive Stock Option Agreement: This agreement grants employees the right to purchase company stocks at a specified price within a specific timeframe, often with certain tax advantages. Incentive stock options are usually offered to executives and high-level employees as a means to retain and motivate them. 3. Restricted Stock Option Agreement: This type of agreement grants employees the right to purchase company stocks, but with certain restrictions and conditions. For example, the stocks may be subject to a vesting schedule or require the achievement of specific performance targets before they can be fully exercised. 4. Performance-based Stock Option Agreement: This agreement links the exercise of stock options to the attainment of predetermined performance goals. It incentivizes employees to strive for specific objectives, such as revenue targets, market share growth, or product development milestones, before they can fully exercise their stock options. 5. Employee Stock Purchase Plan (ESPN): While not strictly a stock option agreement, an ESPN allows employees to purchase company stocks at a discounted price through regular payroll deductions. This type of agreement is often available to all employees, fostering a sense of ownership and involvement in the company's success. Each type of Salt Lake Utah Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. will have its specific terms, conditions, and eligibility criteria. These agreements are designed to align the interests of the employees with the growth and success of the company, while providing them with opportunities for financial gain through stock ownership.