Wake North Carolina Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• 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 Wake, North Carolina Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. The Wake, North Carolina Stock Option Agreement is a legally binding contract between America Online, Inc. (hereinafter referred to as "AOL") and MapQuest. Com, Inc. (hereinafter referred to as "MapQuest") that outlines the terms and conditions for the issuance of stock options to MapQuest by AOL. The agreement is specifically related to their operations in Wake, North Carolina. The purpose of this agreement is to enable MapQuest employees in Wake, North Carolina, to participate in the ownership and potential growth of AOL through the acquisition of stock options. These stock options provide an opportunity for employees to purchase shares of AOL at a predetermined price, which is usually lower than the market value, within a specified time period. This stock option agreement is crucial to attract and retain talented professionals within MapQuest, as it offers a financial incentive aligned with the company's growth and success. Stock options serve as a motivational tool, encouraging employees to work towards the long-term success of MapQuest and AOL. The Wake, North Carolina Stock Option Agreement includes various key terms and conditions, such as the number of stock options granted to MapQuest, the exercise price per share, the vesting period (the length of time an employee must wait before being eligible to exercise their options), and the expiration date of the options. Additionally, the agreement may also specify conditions related to the potential sale or merger of AOL or MapQuest, the treatment of stock options under such circumstances, and any restrictions on the transferability of the options. Different types of stock option agreements between AOL and MapQuest may include Non-Qualified Stock Options (Nests) and Incentive Stock Options (SOS). Nests are the most common type and provide employees with greater flexibility in terms of exercise price and tax implications. SOS, on the other hand, offer potential tax advantages but come with more stringent requirements and limitations. Overall, the Wake, North Carolina Stock Option Agreement between AOL and MapQuest is a critical tool to incentivize and reward employees in Wake, North Carolina, allowing them to share in the potential financial success of both companies.

Wake, North Carolina Stock Option Agreement between America Online, Inc. and MapQuest. Com, Inc. The Wake, North Carolina Stock Option Agreement is a legally binding contract between America Online, Inc. (hereinafter referred to as "AOL") and MapQuest. Com, Inc. (hereinafter referred to as "MapQuest") that outlines the terms and conditions for the issuance of stock options to MapQuest by AOL. The agreement is specifically related to their operations in Wake, North Carolina. The purpose of this agreement is to enable MapQuest employees in Wake, North Carolina, to participate in the ownership and potential growth of AOL through the acquisition of stock options. These stock options provide an opportunity for employees to purchase shares of AOL at a predetermined price, which is usually lower than the market value, within a specified time period. This stock option agreement is crucial to attract and retain talented professionals within MapQuest, as it offers a financial incentive aligned with the company's growth and success. Stock options serve as a motivational tool, encouraging employees to work towards the long-term success of MapQuest and AOL. The Wake, North Carolina Stock Option Agreement includes various key terms and conditions, such as the number of stock options granted to MapQuest, the exercise price per share, the vesting period (the length of time an employee must wait before being eligible to exercise their options), and the expiration date of the options. Additionally, the agreement may also specify conditions related to the potential sale or merger of AOL or MapQuest, the treatment of stock options under such circumstances, and any restrictions on the transferability of the options. Different types of stock option agreements between AOL and MapQuest may include Non-Qualified Stock Options (Nests) and Incentive Stock Options (SOS). Nests are the most common type and provide employees with greater flexibility in terms of exercise price and tax implications. SOS, on the other hand, offer potential tax advantages but come with more stringent requirements and limitations. Overall, the Wake, North Carolina Stock Option Agreement between AOL and MapQuest is a critical tool to incentivize and reward employees in Wake, North Carolina, allowing them to share in the potential financial success of both companies.