Stock Option Agreement between America Online, Inc. and Mapquest.Com, Inc.
What is this form?
The Stock Option Agreement is a legally binding document that outlines the terms under which America Online, Inc. can purchase shares from Mapquest.Com, Inc. This agreement, dated December 21, 1999, sets forth key provisions such as the option grant, exercise terms, and representations and warranties. Unlike other forms of stock agreements, this specific document includes details related to a merger between the two companies, ensuring that both parties understand their rights and obligations concerning stock options and the company's shares.
Key components of this form
- Grant of option to purchase shares up to a specified number.
- Terms of exercise, including exercise date and expiration date.
- Adjustments related to changes in capitalization that affect share values.
- Registration rights for Option Shares under the Securities Act.
- Provisions for repurchase rights if specific conditions are met.
- Warranties and representations from both parties concerning the legality of the agreement.
When to use this document
This form should be used when a parent company aims to acquire stock options from a subsidiary as part of a merger or acquisition agreement. It is essential when establishing the terms of stock options granted during a significant corporate restructuring, ensuring the participating parties are aware of their rights, obligations, and the mechanisms for exercising these options.
Who this form is for
- Corporate executives considering stock options as part of a merger or acquisition.
- Legal professionals drafting or reviewing stock option agreements for companies.
- Parties involved in negotiations for corporate stock options related to mergers and acquisitions.
How to complete this form
- Identify the parties involved: America Online, Inc. and Mapquest.Com, Inc.
- Specify the aggregate number of shares subject to the option and the purchase price.
- Outline the terms of option exercise, including the exercise date and expiration date.
- Include any necessary adjustments related to capitalization changes.
- Ensure all parties sign the agreement to confirm acceptance of the terms.
Notarization guidance
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to clearly define the exercise date and expiration date, leading to confusion about the validity period of the option.
- Not adjusting share numbers according to capitalization changes that may occur after the agreement is signed.
- Neglecting to secure proper signatures from all parties, which may lead to disputes about the agreement's enforceability.
Why complete this form online
- Easy access to download and edit the agreement, ensuring that all necessary information can be customized.
- Increased reliability by utilizing attorney-drafted templates that adhere to legal standards.
- Secure storage and management of legal documents to ensure availability for future reference.
Legal use & context
- This agreement is legally binding, ensuring both parties adhere to the terms set forth regarding stock options.
- Parties should maintain accurate records of the stock option agreement as it may be referenced in future corporate transactions.
- Be aware of potential state-specific laws that may influence the enforceability of certain provisions within the agreement.
