Oregon 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 Oregon Stock Option Agreement is a legal document that outlines the terms and conditions under which employees of Full House Resorts, Inc. can purchase stock options in the company. This agreement is specific to the state of Oregon and is designed to comply with the regulations set forth by the Oregon Securities Law. Full House Resorts, Inc. is a publicly traded company in the hospitality and gaming industry. By offering stock options to its employees, Full House Resorts, Inc. aims to incentivize and reward its workforce by giving them the opportunity to share in the company's success. There are different types of Oregon Stock Option Agreements offered by Full House Resorts, Inc., each with its own characteristics and provisions. These agreements may include: 1. Non-Qualified Stock Option Agreement: This type of agreement is offered to employees who are not considered "qualifying employees" under the tax laws. Non-qualified stock options provide flexibility in terms of tax treatment, but they are subject to income tax upon exercise. 2. Incentive Stock Option Agreement: Employees who meet certain eligibility criteria, as defined by the Internal Revenue Service (IRS) and the company, may be eligible for this type of stock option agreement. Incentive stock options can offer tax advantages as they may be taxed at the capital gains rate upon exercise and sale. 3. Restricted Stock Unit Agreement: In addition to stock options, Full House Resorts, Inc. may also offer restricted stock units (RSS) as a form of equity incentive. RSS are units that represent a future right to receive shares of the company's stock after a specified vesting period. The RSU agreement outlines the vesting schedule and other terms related to the award. It's important to note that the specific terms and conditions of the Oregon Stock Option Agreement may vary depending on the individual employee's position, tenure, and other factors. These agreements typically cover aspects such as the number of stock options or RSS granted, exercise price, vesting schedule, expiration date, and any additional restrictions or provisions. Before entering into an Oregon Stock Option Agreement with Full House Resorts, Inc., it is crucial for employees to carefully review and understand all the terms and conditions. Seeking legal or financial advice is also recommended ensuring they make informed decisions regarding their stock options and potential tax implications.

The Oregon Stock Option Agreement is a legal document that outlines the terms and conditions under which employees of Full House Resorts, Inc. can purchase stock options in the company. This agreement is specific to the state of Oregon and is designed to comply with the regulations set forth by the Oregon Securities Law. Full House Resorts, Inc. is a publicly traded company in the hospitality and gaming industry. By offering stock options to its employees, Full House Resorts, Inc. aims to incentivize and reward its workforce by giving them the opportunity to share in the company's success. There are different types of Oregon Stock Option Agreements offered by Full House Resorts, Inc., each with its own characteristics and provisions. These agreements may include: 1. Non-Qualified Stock Option Agreement: This type of agreement is offered to employees who are not considered "qualifying employees" under the tax laws. Non-qualified stock options provide flexibility in terms of tax treatment, but they are subject to income tax upon exercise. 2. Incentive Stock Option Agreement: Employees who meet certain eligibility criteria, as defined by the Internal Revenue Service (IRS) and the company, may be eligible for this type of stock option agreement. Incentive stock options can offer tax advantages as they may be taxed at the capital gains rate upon exercise and sale. 3. Restricted Stock Unit Agreement: In addition to stock options, Full House Resorts, Inc. may also offer restricted stock units (RSS) as a form of equity incentive. RSS are units that represent a future right to receive shares of the company's stock after a specified vesting period. The RSU agreement outlines the vesting schedule and other terms related to the award. It's important to note that the specific terms and conditions of the Oregon Stock Option Agreement may vary depending on the individual employee's position, tenure, and other factors. These agreements typically cover aspects such as the number of stock options or RSS granted, exercise price, vesting schedule, expiration date, and any additional restrictions or provisions. Before entering into an Oregon Stock Option Agreement with Full House Resorts, Inc., it is crucial for employees to carefully review and understand all the terms and conditions. Seeking legal or financial advice is also recommended ensuring they make informed decisions regarding their stock options and potential tax implications.