Connecticut Stock Option Agreement of Full House Resorts, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-363D
• Format: Word; Rich Text

Description

18-363D 18-363D . . . Stock Option Agreement under which corporation grants to optionee a Non-qualified Option to acquire 50,000 shares of stock immediately and an additional 50,000 shares on each of the next four anniversaries of the date of grant. The options become fully exercisable upon a change of control and they expire 5 years from the date of grant or 90 days after the optionee ceases to be a director Connecticut Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions for stock options granted to employees or key stakeholders of the company in the state of Connecticut. This agreement enables individuals to purchase or sell a specific number of shares of Full House Resorts, Inc. stock at a predetermined price within a designated time frame. The Connecticut Stock Option Agreement of Full House Resorts, Inc. serves as a contractual agreement between the company and the stock option holder, ensuring transparency, fairness, and compliance with legal and regulatory requirements. It provides a framework for the granting, exercising, and managing of stock options, which are often used as part of employee compensation and incentive packages. This specific agreement may differ from other stock option agreements within the company, as it pertains specifically to the state of Connecticut. Other variations of Full House Resorts, Inc.'s stock option agreements may exist for different states, countries, or different categories of employees, such as executive stock option agreements, director stock option agreements, or employee stock option agreements. Key elements discussed in the Connecticut Stock Option Agreement of Full House Resorts, Inc. may include: 1. Grant of Stock Options: The agreement will specify the number of stock options granted and the vesting schedule, outlining when the options can be exercised by the stock option holder. 2. Exercise Price: The agreement will state the predetermined price at which the stock options can be exercised by the holder. 3. Exercise Period: The agreement will define the duration during which the stock options can be exercised, typically after a certain period of time has passed since the grant date. 4. Termination of Options: The agreement will detail the circumstances under which the stock options may be terminated, such as employment termination, retirement, or other specific events. 5. Transferability: The agreement will specify whether the stock options can be transferred or assigned to another party. 6. Compliance and Governing Law: The agreement will outline that both parties must comply with all applicable laws, regulations, and policies, and it will specify that any disputes will be governed by the laws of the state of Connecticut. Overall, the Connecticut Stock Option Agreement of Full House Resorts, Inc. serves to establish a clear understanding between the company and its stock option holders regarding the terms and conditions of stock option grants, ensuring fair treatment and compliance with relevant legislation and regulations.

Connecticut Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions for stock options granted to employees or key stakeholders of the company in the state of Connecticut. This agreement enables individuals to purchase or sell a specific number of shares of Full House Resorts, Inc. stock at a predetermined price within a designated time frame. The Connecticut Stock Option Agreement of Full House Resorts, Inc. serves as a contractual agreement between the company and the stock option holder, ensuring transparency, fairness, and compliance with legal and regulatory requirements. It provides a framework for the granting, exercising, and managing of stock options, which are often used as part of employee compensation and incentive packages. This specific agreement may differ from other stock option agreements within the company, as it pertains specifically to the state of Connecticut. Other variations of Full House Resorts, Inc.'s stock option agreements may exist for different states, countries, or different categories of employees, such as executive stock option agreements, director stock option agreements, or employee stock option agreements. Key elements discussed in the Connecticut Stock Option Agreement of Full House Resorts, Inc. may include: 1. Grant of Stock Options: The agreement will specify the number of stock options granted and the vesting schedule, outlining when the options can be exercised by the stock option holder. 2. Exercise Price: The agreement will state the predetermined price at which the stock options can be exercised by the holder. 3. Exercise Period: The agreement will define the duration during which the stock options can be exercised, typically after a certain period of time has passed since the grant date. 4. Termination of Options: The agreement will detail the circumstances under which the stock options may be terminated, such as employment termination, retirement, or other specific events. 5. Transferability: The agreement will specify whether the stock options can be transferred or assigned to another party. 6. Compliance and Governing Law: The agreement will outline that both parties must comply with all applicable laws, regulations, and policies, and it will specify that any disputes will be governed by the laws of the state of Connecticut. Overall, the Connecticut Stock Option Agreement of Full House Resorts, Inc. serves to establish a clear understanding between the company and its stock option holders regarding the terms and conditions of stock option grants, ensuring fair treatment and compliance with relevant legislation and regulations.