Kings New York Stock Option Agreement of VIA Internet, Inc. is a legal document that outlines the terms and conditions of stock options granted to employees or other individuals by VIA Internet, Inc., a company based in New York. This agreement governs the rights and obligations of both parties involved and provides a structure for the option grant process. The Kings New York Stock Option Agreement includes several important sections, such as the grant of options, exercise price, vesting schedule, and stock option expiration date. It specifies the number of shares subject to the option grant and outlines any restrictions or conditions associated with the exercise of these options. One type of Kings New York Stock Option Agreement that VIA Internet, Inc. may offer is the Non-Qualified Stock Option (NO). SOS are typically granted to employees and do not qualify for special tax treatment. Another type is the Incentive Stock Option (ISO), which is subject to certain tax advantages and additional requirements set by the Internal Revenue Service (IRS). The agreement will often include provisions related to the acceleration of vesting in the event of a change of control or acquisition of VIA Internet, Inc. It may also address the treatment of options in case of termination of employment, disability, or death. Additional clauses that might be found in the Kings New York Stock Option Agreement include exercise restrictions, transfer restrictions, preemptive rights, and provisions for stock splits or dividends. The agreement may also contain non-competition and confidentiality clauses to protect VIA Internet, Inc.'s proprietary information. It is crucial for both parties to review and understand the Kings New York Stock Option Agreement thoroughly before signing. Consulting with legal and financial professionals is strongly advised to ensure compliance with applicable laws and regulations.