South 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 South Carolina Stock Option Agreement of Full House Resorts, Inc. is a legally binding document that outlines the terms and conditions for granting stock options to employees or other individuals associated with Full House Resorts, Inc. This agreement allows the recipient to purchase a certain number of shares of the company's stock at a predetermined price, known as the exercise price or strike price, within a specified period of time. The South Carolina Stock Option Agreement of Full House Resorts, Inc. helps the company attract and retain talented individuals by offering them the opportunity to benefit from the future success and growth of the company. It is a valuable employee incentive program that aligns the interests of employees with those of shareholders. The agreement typically includes important information such as the number of shares subject to the option, the exercise or vesting schedule, the exercise price, the expiration date, and any conditions or restrictions associated with the options. It also details the rights and obligations of both the company and the option holder. Different types of South Carolina Stock Option Agreements of Full House Resorts, Inc. may include: 1. Incentive Stock Options (SOS): These options are granted to employees and are subject to certain tax advantages. The option holder may receive favorable tax treatment upon exercising and selling the shares if specific holding periods and other requirements are met. 2. Non-Qualified Stock Options (Nests): These options are not eligible for the same tax benefits as SOS. They can be granted to employees, contractors, consultants, or directors, and typically have more flexibility in terms of exercise price and expiration. 3. Restricted Stock Units (RSS): While technically not stock options, RSS are often included in stock option agreements. RSS represents the right to receive shares at a future date, typically upon the achievement of certain performance goals or the passage of a specified period of time. 4. Performance-Based Stock Options: These options are granted based on the achievement of predetermined performance metrics. The exercise price and number of shares may be contingent upon the company attaining specific financial targets, operational milestones, or other predefined goals. It is important to note that the specific terms and variations of South Carolina Stock Option Agreements may differ based on individual circumstances, company policies, and South Carolina state law. Consulting a qualified attorney or legal professional is advised to ensure compliance and appropriate customization of the agreement for Full House Resorts, Inc.

The South Carolina Stock Option Agreement of Full House Resorts, Inc. is a legally binding document that outlines the terms and conditions for granting stock options to employees or other individuals associated with Full House Resorts, Inc. This agreement allows the recipient to purchase a certain number of shares of the company's stock at a predetermined price, known as the exercise price or strike price, within a specified period of time. The South Carolina Stock Option Agreement of Full House Resorts, Inc. helps the company attract and retain talented individuals by offering them the opportunity to benefit from the future success and growth of the company. It is a valuable employee incentive program that aligns the interests of employees with those of shareholders. The agreement typically includes important information such as the number of shares subject to the option, the exercise or vesting schedule, the exercise price, the expiration date, and any conditions or restrictions associated with the options. It also details the rights and obligations of both the company and the option holder. Different types of South Carolina Stock Option Agreements of Full House Resorts, Inc. may include: 1. Incentive Stock Options (SOS): These options are granted to employees and are subject to certain tax advantages. The option holder may receive favorable tax treatment upon exercising and selling the shares if specific holding periods and other requirements are met. 2. Non-Qualified Stock Options (Nests): These options are not eligible for the same tax benefits as SOS. They can be granted to employees, contractors, consultants, or directors, and typically have more flexibility in terms of exercise price and expiration. 3. Restricted Stock Units (RSS): While technically not stock options, RSS are often included in stock option agreements. RSS represents the right to receive shares at a future date, typically upon the achievement of certain performance goals or the passage of a specified period of time. 4. Performance-Based Stock Options: These options are granted based on the achievement of predetermined performance metrics. The exercise price and number of shares may be contingent upon the company attaining specific financial targets, operational milestones, or other predefined goals. It is important to note that the specific terms and variations of South Carolina Stock Option Agreements may differ based on individual circumstances, company policies, and South Carolina state law. Consulting a qualified attorney or legal professional is advised to ensure compliance and appropriate customization of the agreement for Full House Resorts, Inc.