Utah 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 Full House Resorts, Inc., is a premier gaming and hospitality company that operates several casinos and resorts across the United States. This company offers a unique Utah Stock Option Agreement to its employees as a part of its compensation package. The Utah Stock Option Agreement of Full House Resorts, Inc. is a legally binding agreement that allows employees to purchase company stock at a predetermined price within a specific time frame. This agreement provides employees with the opportunity to benefit from the company's success and align their financial interests with those of the shareholders. Under this agreement, employees are granted the right to purchase a specific number of shares of Full House Resorts, Inc. stock at a fixed price, known as the "strike price." The strike price is usually set based on the market value of the stock when the option is granted. Employees can exercise their options by paying the strike price and acquiring the shares. This Utah Stock Option Agreement promotes employee retention and motivation by creating a sense of ownership and incentivizing employees to contribute to the company's growth and profitability. It aligns the interests of employees and shareholders, as everyone benefits from an increase in the company's stock price. There may be different types of Utah Stock Option Agreements offered to employees by Full House Resorts, Inc. These include: 1. Non-Qualified Stock Options: These options do not qualify for preferential tax treatment and are granted at the discretion of the company. 2. Incentive Stock Options: These options qualify for certain tax advantages and are subject to specific rules and restrictions outlined by the Internal Revenue Code. 3. Restricted Stock Units: Instead of granting stock options, the company may award restricted stock units, which represent the right to receive shares of Full House Resorts, Inc. stock at a specified future date or upon meeting certain vesting criteria. 4. Performance Stock Units: These stock units are granted based on the achievement of predefined performance goals, such as meeting annual revenue targets or increasing shareholder value. It's important to note that the specific terms and conditions of the Utah Stock Option Agreement may vary depending on the employee's role, tenure, and the company's policies. Employees should carefully review the agreement and consult with a financial advisor to understand the potential benefits and tax implications of participating in this program.

The Full House Resorts, Inc., is a premier gaming and hospitality company that operates several casinos and resorts across the United States. This company offers a unique Utah Stock Option Agreement to its employees as a part of its compensation package. The Utah Stock Option Agreement of Full House Resorts, Inc. is a legally binding agreement that allows employees to purchase company stock at a predetermined price within a specific time frame. This agreement provides employees with the opportunity to benefit from the company's success and align their financial interests with those of the shareholders. Under this agreement, employees are granted the right to purchase a specific number of shares of Full House Resorts, Inc. stock at a fixed price, known as the "strike price." The strike price is usually set based on the market value of the stock when the option is granted. Employees can exercise their options by paying the strike price and acquiring the shares. This Utah Stock Option Agreement promotes employee retention and motivation by creating a sense of ownership and incentivizing employees to contribute to the company's growth and profitability. It aligns the interests of employees and shareholders, as everyone benefits from an increase in the company's stock price. There may be different types of Utah Stock Option Agreements offered to employees by Full House Resorts, Inc. These include: 1. Non-Qualified Stock Options: These options do not qualify for preferential tax treatment and are granted at the discretion of the company. 2. Incentive Stock Options: These options qualify for certain tax advantages and are subject to specific rules and restrictions outlined by the Internal Revenue Code. 3. Restricted Stock Units: Instead of granting stock options, the company may award restricted stock units, which represent the right to receive shares of Full House Resorts, Inc. stock at a specified future date or upon meeting certain vesting criteria. 4. Performance Stock Units: These stock units are granted based on the achievement of predefined performance goals, such as meeting annual revenue targets or increasing shareholder value. It's important to note that the specific terms and conditions of the Utah Stock Option Agreement may vary depending on the employee's role, tenure, and the company's policies. Employees should carefully review the agreement and consult with a financial advisor to understand the potential benefits and tax implications of participating in this program.