North Carolina 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 North Carolina Stock Option Agreement of Full House Resorts, Inc. is a legal contract that grants individuals within the state of North Carolina the opportunity to purchase or sell company stock at a specified price within a predetermined timeframe. This agreement is specific to Full House Resorts, Inc., a renowned hospitality and gaming company operating multiple casinos and resorts across the United States. This stock option agreement provides employees, directors, and other qualified parties with the ability to acquire company shares as part of their compensation or investment strategy. By offering stock options, Full House Resorts, Inc. aims to attract and retain talented individuals, align their interests with stockholders, and provide potential financial rewards. The North Carolina Stock Option Agreement empowers recipients to buy or sell a predetermined number of Full House Resorts, Inc. stocks, known as options, at a fixed price known as the strike price. The strike price is usually determined at the time of granting the stock options and remains constant for a predetermined period, typically several years. Different types of North Carolina Stock Option Agreements offered by Full House Resorts, Inc. may include: 1. Employee Stock Option Agreement: This agreement is specifically designed for Full House Resorts, Inc. employees, providing them with the right to purchase company stock at a specified price during a predetermined duration. 2. Director Stock Option Agreement: Similar to the employee agreement, this type of agreement is tailored for the directors of Full House Resorts, Inc. It offers them the opportunity to acquire company shares under predetermined terms and conditions. 3. Executive Stock Option Agreement: Full House Resorts, Inc. may offer this agreement to its top executives, providing additional incentives and aligning their interests with the company's long-term growth and success. 4. Restricted Stock Option Agreement: In some instances, Full House Resorts, Inc. may grant restricted stock options, which come with specific conditions or restrictions. These may include vesting periods or performance-based milestones, ensuring recipients meet certain criteria before exercising their options. Overall, the North Carolina Stock Option Agreement of Full House Resorts, Inc. serves as an essential tool in attracting and retaining talented individuals, aligning their interests with stockholders, and offering potential financial benefits tied to the company's performance.

The North Carolina Stock Option Agreement of Full House Resorts, Inc. is a legal contract that grants individuals within the state of North Carolina the opportunity to purchase or sell company stock at a specified price within a predetermined timeframe. This agreement is specific to Full House Resorts, Inc., a renowned hospitality and gaming company operating multiple casinos and resorts across the United States. This stock option agreement provides employees, directors, and other qualified parties with the ability to acquire company shares as part of their compensation or investment strategy. By offering stock options, Full House Resorts, Inc. aims to attract and retain talented individuals, align their interests with stockholders, and provide potential financial rewards. The North Carolina Stock Option Agreement empowers recipients to buy or sell a predetermined number of Full House Resorts, Inc. stocks, known as options, at a fixed price known as the strike price. The strike price is usually determined at the time of granting the stock options and remains constant for a predetermined period, typically several years. Different types of North Carolina Stock Option Agreements offered by Full House Resorts, Inc. may include: 1. Employee Stock Option Agreement: This agreement is specifically designed for Full House Resorts, Inc. employees, providing them with the right to purchase company stock at a specified price during a predetermined duration. 2. Director Stock Option Agreement: Similar to the employee agreement, this type of agreement is tailored for the directors of Full House Resorts, Inc. It offers them the opportunity to acquire company shares under predetermined terms and conditions. 3. Executive Stock Option Agreement: Full House Resorts, Inc. may offer this agreement to its top executives, providing additional incentives and aligning their interests with the company's long-term growth and success. 4. Restricted Stock Option Agreement: In some instances, Full House Resorts, Inc. may grant restricted stock options, which come with specific conditions or restrictions. These may include vesting periods or performance-based milestones, ensuring recipients meet certain criteria before exercising their options. Overall, the North Carolina Stock Option Agreement of Full House Resorts, Inc. serves as an essential tool in attracting and retaining talented individuals, aligning their interests with stockholders, and offering potential financial benefits tied to the company's performance.