Puerto Rico 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 Puerto Rico Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions regarding stock options offered by Full House Resorts, Inc. in Puerto Rico. This agreement allows employees or other qualified individuals the opportunity to purchase a specified number of company stocks at a predetermined price within a set time frame. The Puerto Rico Stock Option Agreement typically includes various provisions, such as the number of shares available for purchase, the exercise price, vesting schedule, and the expiration date of the options. It specifies the terms under which the stock options can be exercised and any restrictions or conditions that may apply. There may be different types of Puerto Rico Stock Option Agreements offered by Full House Resorts, Inc., including but not limited to: 1. Employee Stock Option Agreement: This type of agreement is specifically designed for employees of Full House Resorts, Inc. in Puerto Rico. It provides an opportunity for them to acquire company stocks as part of their compensation package, incentivizing loyalty and encouraging long-term commitment. 2. Executive Stock Option Agreement: Executives or upper-level management personnel of Full House Resorts, Inc. in Puerto Rico may be offered this type of agreement. It typically offers more favorable terms and potentially higher numbers of stock options as a means of attracting and retaining top talent. 3. Non-Employee Director Stock Option Agreement: Full House Resorts, Inc. may extend stock options to non-employee directors serving on the board. This agreement allows directors to share in the company's success and align their interests with those of the shareholders. 4. Consultant Stock Option Agreement: Consultants or contractors working with Full House Resorts, Inc. may be granted stock options as part of their compensation. This agreement benefits both the company and the consultants by aligning their efforts and fostering a sense of ownership and commitment. Puerto Rico Stock Option Agreement of Full House Resorts, Inc. provides an opportunity for eligible individuals to invest in the company's success and potentially benefit from its future growth. It is essential to carefully review and understand the terms and conditions outlined in the agreement before exercising any stock options. Consulting with a professional advisor or legal counsel is highly recommended ensuring compliance with applicable laws and to make informed decisions regarding stock ownership.

Puerto Rico Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions regarding stock options offered by Full House Resorts, Inc. in Puerto Rico. This agreement allows employees or other qualified individuals the opportunity to purchase a specified number of company stocks at a predetermined price within a set time frame. The Puerto Rico Stock Option Agreement typically includes various provisions, such as the number of shares available for purchase, the exercise price, vesting schedule, and the expiration date of the options. It specifies the terms under which the stock options can be exercised and any restrictions or conditions that may apply. There may be different types of Puerto Rico Stock Option Agreements offered by Full House Resorts, Inc., including but not limited to: 1. Employee Stock Option Agreement: This type of agreement is specifically designed for employees of Full House Resorts, Inc. in Puerto Rico. It provides an opportunity for them to acquire company stocks as part of their compensation package, incentivizing loyalty and encouraging long-term commitment. 2. Executive Stock Option Agreement: Executives or upper-level management personnel of Full House Resorts, Inc. in Puerto Rico may be offered this type of agreement. It typically offers more favorable terms and potentially higher numbers of stock options as a means of attracting and retaining top talent. 3. Non-Employee Director Stock Option Agreement: Full House Resorts, Inc. may extend stock options to non-employee directors serving on the board. This agreement allows directors to share in the company's success and align their interests with those of the shareholders. 4. Consultant Stock Option Agreement: Consultants or contractors working with Full House Resorts, Inc. may be granted stock options as part of their compensation. This agreement benefits both the company and the consultants by aligning their efforts and fostering a sense of ownership and commitment. Puerto Rico Stock Option Agreement of Full House Resorts, Inc. provides an opportunity for eligible individuals to invest in the company's success and potentially benefit from its future growth. It is essential to carefully review and understand the terms and conditions outlined in the agreement before exercising any stock options. Consulting with a professional advisor or legal counsel is highly recommended ensuring compliance with applicable laws and to make informed decisions regarding stock ownership.