Suffolk New York Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 The Suffolk New York Stock Option Agreement refers to a legally binding contract between America Online, Inc. (AOL) and MapQuest. Com, Inc. This agreement outlines the terms and conditions regarding the issuance of stock options from AOL to MapQuest. Com, Inc. These stock options give MapQuest. Com, Inc. the right, but not the obligation, to purchase a certain number of AOL shares at a predetermined price within a specified time frame. This stock option agreement allows MapQuest. Com, Inc. to potentially benefit from the future growth and success of AOL. By granting MapQuest. Com, Inc. the opportunity to purchase AOL shares at a predetermined price, the agreement incentivizes MapQuest. Com, Inc. to perform well and aligns the interests of both companies. The agreement typically includes various important details, such as: 1. Grant of Options: It specifies the number of stock options being granted to MapQuest. Com, Inc. by AOL. This number can vary based on negotiations and the specific terms agreed upon by both parties. 2. Exercise Price: The agreement sets a fixed exercise price at which MapQuest. Com, Inc. can purchase AOL shares. This price is often set at a discount to the market value of AOL shares at the time of the grant. 3. Vesting Schedule: The agreement outlines the vesting schedule, which determines when MapQuest. Com, Inc. can exercise its stock options. It may specify a certain period of time that must elapse before options become exercisable, encouraging a long-term commitment from MapQuest. Com, Inc. 4. Expiration Date: The agreement establishes an expiration date, after which MapQuest. Com, Inc. loses the right to exercise the stock options. This date is usually several years after the grant and serves as an incentive for MapQuest. Com, Inc. to act upon the options in a timely manner. 5. Anti-Dilution Provisions: The agreement may incorporate anti-dilution provisions to protect MapQuest. Com, Inc.'s interests in case of certain corporate events such as stock splits, mergers, or acquisitions. These provisions ensure that MapQuest. Com, Inc. is not disadvantaged by subsequent changes in AOL's capital structure. 6. Tax Considerations: The agreement may address tax implications for both parties, as exercising stock options can have tax consequences. It may include provisions that dictate how taxes will be handled, ensuring compliance with relevant tax laws and regulations. It is important to note that the specific terms and details of the Suffolk New York Stock Option Agreement can vary between different agreements. These variations may take into account factors such as the size of MapQuest. Com, Inc., the overall goals of the agreement, and the negotiation power of both parties involved.

The Suffolk New York Stock Option Agreement refers to a legally binding contract between America Online, Inc. (AOL) and MapQuest. Com, Inc. This agreement outlines the terms and conditions regarding the issuance of stock options from AOL to MapQuest. Com, Inc. These stock options give MapQuest. Com, Inc. the right, but not the obligation, to purchase a certain number of AOL shares at a predetermined price within a specified time frame. This stock option agreement allows MapQuest. Com, Inc. to potentially benefit from the future growth and success of AOL. By granting MapQuest. Com, Inc. the opportunity to purchase AOL shares at a predetermined price, the agreement incentivizes MapQuest. Com, Inc. to perform well and aligns the interests of both companies. The agreement typically includes various important details, such as: 1. Grant of Options: It specifies the number of stock options being granted to MapQuest. Com, Inc. by AOL. This number can vary based on negotiations and the specific terms agreed upon by both parties. 2. Exercise Price: The agreement sets a fixed exercise price at which MapQuest. Com, Inc. can purchase AOL shares. This price is often set at a discount to the market value of AOL shares at the time of the grant. 3. Vesting Schedule: The agreement outlines the vesting schedule, which determines when MapQuest. Com, Inc. can exercise its stock options. It may specify a certain period of time that must elapse before options become exercisable, encouraging a long-term commitment from MapQuest. Com, Inc. 4. Expiration Date: The agreement establishes an expiration date, after which MapQuest. Com, Inc. loses the right to exercise the stock options. This date is usually several years after the grant and serves as an incentive for MapQuest. Com, Inc. to act upon the options in a timely manner. 5. Anti-Dilution Provisions: The agreement may incorporate anti-dilution provisions to protect MapQuest. Com, Inc.'s interests in case of certain corporate events such as stock splits, mergers, or acquisitions. These provisions ensure that MapQuest. Com, Inc. is not disadvantaged by subsequent changes in AOL's capital structure. 6. Tax Considerations: The agreement may address tax implications for both parties, as exercising stock options can have tax consequences. It may include provisions that dictate how taxes will be handled, ensuring compliance with relevant tax laws and regulations. It is important to note that the specific terms and details of the Suffolk New York Stock Option Agreement can vary between different agreements. These variations may take into account factors such as the size of MapQuest. Com, Inc., the overall goals of the agreement, and the negotiation power of both parties involved.