Wayne Michigan Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wayne
• 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 Wayne, Michigan Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. is a legal contract that outlines the terms and conditions of stock options granted by AOL to MapQuest. Com. These stock options provide MapQuest. Com employees with the opportunity to purchase a certain number of shares of AOL's common stock at a predetermined price within a specified time period. This agreement is designed to incentivize and reward MapQuest. Com employees for their services and contributions to the company. By offering stock options, AOL aims to align the interests of MapQuest. Com employees with the long-term success of the organization. This arrangement encourages employees to work towards enhancing the company's performance, as it allows them to benefit directly from any increase in the stock price. The Wayne, Michigan Stock Option Agreement between AOL and MapQuest. Com includes several key provisions: 1. Grant of Stock Options: The agreement specifies the number of stock options being granted to MapQuest. Com employees and the exercise price at which they can be purchased. 2. Vesting Schedule: The agreement details the vesting period, which is the length of time an employee must work for MapQuest. Com before being eligible to exercise their stock options. It may include a cliff vesting, where a certain percentage or all options become exercisable after a specified period. 3. Exercise Period: The agreement defines the timeframe during which MapQuest. Com employees can exercise their stock options. Typically, this period commences after the vesting period and may extend for a few years. 4. Terms and Conditions: The agreement outlines any conditions or restrictions that must be met for the stock options to be exercised successfully. This may include continued employment, performance goals, or other criteria. Different types of Wayne, Michigan Stock Option Agreements between AOL and MapQuest. Com may exist depending on various factors, such as the position, seniority, or department of the employee. These variations may include incentive stock options (SOS) or non-qualified stock options (SOS), which differ in terms of tax implications, excitability, and eligibility requirements. In summary, the Wayne, Michigan Stock Option Agreement between AOL and MapQuest. Com is a crucial document that governs the granting and exercise of stock options to MapQuest. Com employees. It allows employees to purchase AOL's common stock at a predetermined price, thereby aligning their interests with the company's success while providing them with a potential financial benefit.

The Wayne, Michigan Stock Option Agreement between America Online, Inc. (AOL) and MapQuest. Com, Inc. is a legal contract that outlines the terms and conditions of stock options granted by AOL to MapQuest. Com. These stock options provide MapQuest. Com employees with the opportunity to purchase a certain number of shares of AOL's common stock at a predetermined price within a specified time period. This agreement is designed to incentivize and reward MapQuest. Com employees for their services and contributions to the company. By offering stock options, AOL aims to align the interests of MapQuest. Com employees with the long-term success of the organization. This arrangement encourages employees to work towards enhancing the company's performance, as it allows them to benefit directly from any increase in the stock price. The Wayne, Michigan Stock Option Agreement between AOL and MapQuest. Com includes several key provisions: 1. Grant of Stock Options: The agreement specifies the number of stock options being granted to MapQuest. Com employees and the exercise price at which they can be purchased. 2. Vesting Schedule: The agreement details the vesting period, which is the length of time an employee must work for MapQuest. Com before being eligible to exercise their stock options. It may include a cliff vesting, where a certain percentage or all options become exercisable after a specified period. 3. Exercise Period: The agreement defines the timeframe during which MapQuest. Com employees can exercise their stock options. Typically, this period commences after the vesting period and may extend for a few years. 4. Terms and Conditions: The agreement outlines any conditions or restrictions that must be met for the stock options to be exercised successfully. This may include continued employment, performance goals, or other criteria. Different types of Wayne, Michigan Stock Option Agreements between AOL and MapQuest. Com may exist depending on various factors, such as the position, seniority, or department of the employee. These variations may include incentive stock options (SOS) or non-qualified stock options (SOS), which differ in terms of tax implications, excitability, and eligibility requirements. In summary, the Wayne, Michigan Stock Option Agreement between AOL and MapQuest. Com is a crucial document that governs the granting and exercise of stock options to MapQuest. Com employees. It allows employees to purchase AOL's common stock at a predetermined price, thereby aligning their interests with the company's success while providing them with a potential financial benefit.