Santa Clara California Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 In Santa Clara, California, the Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. (MapQuest) represents a legally binding contract outlining the terms and conditions of stock options granted to employees or stakeholders of MapQuest by AOL. This agreement plays a crucial role in incentivizing and rewarding employees for their contributions to MapQuest's growth and success. By offering stock options, MapQuest aims to align employees' interests with the company's long-term objectives. It provides them with the opportunity to become shareholders and benefit from the company's future financial performance. The Santa Clara California Stock Option Agreement typically covers various key aspects, including: 1. Grant of Stock Options: This section outlines the number of options granted to eligible participants, the exercise price, and the vesting schedule. The exercise price refers to the price at which individuals can purchase the company's stock. 2. Vesting Schedule: A vesting schedule determines the timeline during which the options will gradually become exercisable. This motivates employees to remain with the company for a specific period to reap the full benefits of the stock options. 3. Exercise Period: The agreement specifies the exercise period during which employees can exercise their vested options. This is the timeframe within which individuals can buy shares at the predetermined exercise price. 4. Termination and Forfeiture: This section outlines the consequences of termination of employment or other circumstances that may lead to the forfeiture of invested options. It ensures that the stock options are only rewarded to those who fulfill their obligations as specified in the agreement. 5. Change in Control Clause: Some agreements include provisions related to the change in control of the company, such as the acquisition, merger, or sale of assets. This clause defines the impact of such events on the stock options, providing clarity to stakeholders during transitional periods. It is important to note that multiple versions or amendments of the Santa Clara California Stock Option Agreement between AOL and MapQuest may exist based on various factors, including the time of grant, the position of the employee, or specific contractual goals. However, the general purpose of these agreements remains consistent: to motivate and reward employees by granting them the opportunity to purchase company stock at a predetermined price in the future. By offering stock options, AOL and MapQuest aim to attract and retain talented individuals, fostering a positive and aligned work environment while driving their collective success in the competitive landscape of the technology industry.

In Santa Clara, California, the Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. (MapQuest) represents a legally binding contract outlining the terms and conditions of stock options granted to employees or stakeholders of MapQuest by AOL. This agreement plays a crucial role in incentivizing and rewarding employees for their contributions to MapQuest's growth and success. By offering stock options, MapQuest aims to align employees' interests with the company's long-term objectives. It provides them with the opportunity to become shareholders and benefit from the company's future financial performance. The Santa Clara California Stock Option Agreement typically covers various key aspects, including: 1. Grant of Stock Options: This section outlines the number of options granted to eligible participants, the exercise price, and the vesting schedule. The exercise price refers to the price at which individuals can purchase the company's stock. 2. Vesting Schedule: A vesting schedule determines the timeline during which the options will gradually become exercisable. This motivates employees to remain with the company for a specific period to reap the full benefits of the stock options. 3. Exercise Period: The agreement specifies the exercise period during which employees can exercise their vested options. This is the timeframe within which individuals can buy shares at the predetermined exercise price. 4. Termination and Forfeiture: This section outlines the consequences of termination of employment or other circumstances that may lead to the forfeiture of invested options. It ensures that the stock options are only rewarded to those who fulfill their obligations as specified in the agreement. 5. Change in Control Clause: Some agreements include provisions related to the change in control of the company, such as the acquisition, merger, or sale of assets. This clause defines the impact of such events on the stock options, providing clarity to stakeholders during transitional periods. It is important to note that multiple versions or amendments of the Santa Clara California Stock Option Agreement between AOL and MapQuest may exist based on various factors, including the time of grant, the position of the employee, or specific contractual goals. However, the general purpose of these agreements remains consistent: to motivate and reward employees by granting them the opportunity to purchase company stock at a predetermined price in the future. By offering stock options, AOL and MapQuest aim to attract and retain talented individuals, fostering a positive and aligned work environment while driving their collective success in the competitive landscape of the technology industry.