Hawaii 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 The Hawaii Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions related to stock options granted to employees or directors of the company in relation to its operations in Hawaii. Full House Resorts, Inc. is a renowned hospitality and entertainment company with various resort properties and casinos across the United States, including its operations in Hawaii. The company may offer different types of stock option agreements to its employees and directors depending on their roles and responsibilities within the organization. The Hawaii Stock Option Agreement serves as a formal contract between Full House Resorts, Inc. and the recipient of the stock options. It specifies the number of shares that will be granted, the exercise price or strike price at which the options can be exercised, and the vesting schedule outlining the conditions and timeline within which the options become exercisable. Additionally, the agreement may set forth any applicable restrictions or limitations on the exercise of the stock options, such as blackout periods or regulatory requirements. It will also typically outline the duration of the agreement and the expiration date of the stock options. The purpose of the Hawaii Stock Option Agreement is to provide incentives for employees or directors, aligning their interests with the company's shareholders. By granting stock options, Full House Resorts, Inc. offers individuals the opportunity to purchase company stock at a predetermined price in the future, often when the stock's value has increased, allowing them to profit from the difference between the exercise price and the market price at the time of exercise. Different types of Stock Option Agreements may be offered by Full House Resorts, Inc., such as: 1. Incentive Stock Options (SOS): These stock options are provided to employees and usually have tax advantages. SOS allow the recipient to acquire shares at a favorable tax rate when exercised and meet specific criteria set by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not meet the IRS criteria, and their exercise may trigger ordinary income tax for the recipient based on the difference between the exercise price and the fair market value of the stock at exercise. 3. Restricted Stock Unit (RSU) Options: RSS represent a promise to grant company stock at a future date, subject to specific vesting conditions. The RSU options entitle the recipient to receive a predetermined number of shares upon meeting the vesting requirements outlined in the agreement. 4. Performance-based Stock Options: These options are granted based on predefined performance goals or milestones achieved by the employee or the company as a whole. The stock options become exercisable if the specified performance targets are met, ensuring that rewards are tied to performance. It's important to note that the exact terms and variations of the Hawaii Stock Option Agreement may vary depending on Full House Resorts, Inc.'s specific policies, the individual's role or level within the company, and any relevant legal or regulatory considerations.

The Hawaii Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions related to stock options granted to employees or directors of the company in relation to its operations in Hawaii. Full House Resorts, Inc. is a renowned hospitality and entertainment company with various resort properties and casinos across the United States, including its operations in Hawaii. The company may offer different types of stock option agreements to its employees and directors depending on their roles and responsibilities within the organization. The Hawaii Stock Option Agreement serves as a formal contract between Full House Resorts, Inc. and the recipient of the stock options. It specifies the number of shares that will be granted, the exercise price or strike price at which the options can be exercised, and the vesting schedule outlining the conditions and timeline within which the options become exercisable. Additionally, the agreement may set forth any applicable restrictions or limitations on the exercise of the stock options, such as blackout periods or regulatory requirements. It will also typically outline the duration of the agreement and the expiration date of the stock options. The purpose of the Hawaii Stock Option Agreement is to provide incentives for employees or directors, aligning their interests with the company's shareholders. By granting stock options, Full House Resorts, Inc. offers individuals the opportunity to purchase company stock at a predetermined price in the future, often when the stock's value has increased, allowing them to profit from the difference between the exercise price and the market price at the time of exercise. Different types of Stock Option Agreements may be offered by Full House Resorts, Inc., such as: 1. Incentive Stock Options (SOS): These stock options are provided to employees and usually have tax advantages. SOS allow the recipient to acquire shares at a favorable tax rate when exercised and meet specific criteria set by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not meet the IRS criteria, and their exercise may trigger ordinary income tax for the recipient based on the difference between the exercise price and the fair market value of the stock at exercise. 3. Restricted Stock Unit (RSU) Options: RSS represent a promise to grant company stock at a future date, subject to specific vesting conditions. The RSU options entitle the recipient to receive a predetermined number of shares upon meeting the vesting requirements outlined in the agreement. 4. Performance-based Stock Options: These options are granted based on predefined performance goals or milestones achieved by the employee or the company as a whole. The stock options become exercisable if the specified performance targets are met, ensuring that rewards are tied to performance. It's important to note that the exact terms and variations of the Hawaii Stock Option Agreement may vary depending on Full House Resorts, Inc.'s specific policies, the individual's role or level within the company, and any relevant legal or regulatory considerations.