Nevada 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 Nevada Stock Option Agreement of Full House Resorts, Inc. is a legal contract outlining the terms and conditions of stock options granted to employees or executives of the company based in Nevada. This agreement is designed to provide individuals with the opportunity to purchase company stock at a predetermined price within a specified time frame. The Nevada Stock Option Agreement of Full House Resorts, Inc. offers several types of stock options, including: 1. Non-Qualified Stock Options (Nests): These options are typically granted to employees and do not qualify for special tax treatment under the Internal Revenue Code. Nests allow the holder to purchase shares of Full House Resorts, Inc. stock at a specific price (exercise price) within a predetermined time period. 2. Incentive Stock Options (SOS): SOS are often granted to key employees as a form of incentive and can offer certain tax advantages. To qualify for special tax treatment, SOS must comply with specific Internal Revenue Service (IRS) regulations. SOS also have specific exercise price and time period restrictions. 3. Stock Appreciation Rights (SARS): SARS are a type of stock option agreement that grants the holder the right to receive the appreciation in the value of Full House Resorts, Inc. stock. These agreements typically do not require the holder to purchase the underlying stock and are settled in cash. 4. Restricted Stock Units (RSS): RSS are a form of equity compensation that grants the recipient the right to receive company stock at a future date. Unlike options, RSS do not require the employee to purchase the shares at a specific price but instead offer a direct grant of company stock after a predetermined vesting period. The Nevada Stock Option Agreement of Full House Resorts, Inc. outlines various terms and conditions such as the number of options granted, exercise price, vesting schedule, expiration date, and any restrictions or conditions placed on the options. It also includes provisions related to the potential termination of employment or change of control events that may impact the options. It's important for both the company and the option holder to carefully review and understand the terms of the Nevada Stock Option Agreement to ensure compliance with applicable laws and regulations. Consulting with legal and financial professionals is highly recommended before entering into any stock option agreement.

Nevada Stock Option Agreement of Full House Resorts, Inc. is a legal contract outlining the terms and conditions of stock options granted to employees or executives of the company based in Nevada. This agreement is designed to provide individuals with the opportunity to purchase company stock at a predetermined price within a specified time frame. The Nevada Stock Option Agreement of Full House Resorts, Inc. offers several types of stock options, including: 1. Non-Qualified Stock Options (Nests): These options are typically granted to employees and do not qualify for special tax treatment under the Internal Revenue Code. Nests allow the holder to purchase shares of Full House Resorts, Inc. stock at a specific price (exercise price) within a predetermined time period. 2. Incentive Stock Options (SOS): SOS are often granted to key employees as a form of incentive and can offer certain tax advantages. To qualify for special tax treatment, SOS must comply with specific Internal Revenue Service (IRS) regulations. SOS also have specific exercise price and time period restrictions. 3. Stock Appreciation Rights (SARS): SARS are a type of stock option agreement that grants the holder the right to receive the appreciation in the value of Full House Resorts, Inc. stock. These agreements typically do not require the holder to purchase the underlying stock and are settled in cash. 4. Restricted Stock Units (RSS): RSS are a form of equity compensation that grants the recipient the right to receive company stock at a future date. Unlike options, RSS do not require the employee to purchase the shares at a specific price but instead offer a direct grant of company stock after a predetermined vesting period. The Nevada Stock Option Agreement of Full House Resorts, Inc. outlines various terms and conditions such as the number of options granted, exercise price, vesting schedule, expiration date, and any restrictions or conditions placed on the options. It also includes provisions related to the potential termination of employment or change of control events that may impact the options. It's important for both the company and the option holder to carefully review and understand the terms of the Nevada Stock Option Agreement to ensure compliance with applicable laws and regulations. Consulting with legal and financial professionals is highly recommended before entering into any stock option agreement.