Fairfax Virginia Stock Option Agreement of Full House Resorts, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fairfax
• 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 A Fairfax Virginia Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions of employee stock options granted by Full House Resorts, Inc. to its employees based in Fairfax, Virginia. This agreement allows employees to purchase a specific number of company shares at a predetermined price within a specified time frame. With its headquarters in Fairfax, Virginia, Full House Resorts, Inc. operates in the gaming and hospitality industry, managing and owning several casinos and resorts across the United States. The company offers various types of stock option agreements to its employees as a form of compensation and incentive to boost employee retention and performance. Here are a few types of Fairfax Virginia Stock Option Agreements of Full House Resorts, Inc.: 1. Incentive Stock Options (SOS): Full House Resorts, Inc. may grant SOS to its employees in accordance with the regulations set by the Internal Revenue Service (IRS). SOS offer tax advantages as they typically allow employees to defer tax obligations until they exercise the options and sell their shares. 2. Non-Qualified Stock Options (Nests): Full House Resorts, Inc. may also offer Nests to its employees. Nests do not qualify for the same tax benefits as SOS, but they provide more flexibility in terms of granting options to a wider range of employees. 3. Restricted Stock Units (RSS): In addition to stock options, Full House Resorts, Inc. may issue RSS to its employees in Fairfax, Virginia. RSS represents a promise to deliver shares of company stock at a future date, subject to certain vesting conditions. RSS can play a significant role in attracting and retaining talent, as employees have a vested interest in the company's success. 4. Performance Stock Units (Plus): Full House Resorts, Inc. may introduce Plus as another type of stock option agreement. Plus are tied to specific performance goals or milestones that employees must achieve. Once the performance criteria are met, the employees become eligible to receive the stock units as compensation. The terms and details of each type of stock option agreement may vary, considering factors such as vesting schedules, exercise prices, expiration dates, and any additional conditions imposed by Full House Resorts, Inc. or applicable regulatory bodies. It is important to note that the information provided here is for general understanding only, and the specific terms and conditions of the Fairfax Virginia Stock Option Agreement of Full House Resorts, Inc. should be obtained directly from the company or legal professionals.

A Fairfax Virginia Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions of employee stock options granted by Full House Resorts, Inc. to its employees based in Fairfax, Virginia. This agreement allows employees to purchase a specific number of company shares at a predetermined price within a specified time frame. With its headquarters in Fairfax, Virginia, Full House Resorts, Inc. operates in the gaming and hospitality industry, managing and owning several casinos and resorts across the United States. The company offers various types of stock option agreements to its employees as a form of compensation and incentive to boost employee retention and performance. Here are a few types of Fairfax Virginia Stock Option Agreements of Full House Resorts, Inc.: 1. Incentive Stock Options (SOS): Full House Resorts, Inc. may grant SOS to its employees in accordance with the regulations set by the Internal Revenue Service (IRS). SOS offer tax advantages as they typically allow employees to defer tax obligations until they exercise the options and sell their shares. 2. Non-Qualified Stock Options (Nests): Full House Resorts, Inc. may also offer Nests to its employees. Nests do not qualify for the same tax benefits as SOS, but they provide more flexibility in terms of granting options to a wider range of employees. 3. Restricted Stock Units (RSS): In addition to stock options, Full House Resorts, Inc. may issue RSS to its employees in Fairfax, Virginia. RSS represents a promise to deliver shares of company stock at a future date, subject to certain vesting conditions. RSS can play a significant role in attracting and retaining talent, as employees have a vested interest in the company's success. 4. Performance Stock Units (Plus): Full House Resorts, Inc. may introduce Plus as another type of stock option agreement. Plus are tied to specific performance goals or milestones that employees must achieve. Once the performance criteria are met, the employees become eligible to receive the stock units as compensation. The terms and details of each type of stock option agreement may vary, considering factors such as vesting schedules, exercise prices, expiration dates, and any additional conditions imposed by Full House Resorts, Inc. or applicable regulatory bodies. It is important to note that the information provided here is for general understanding only, and the specific terms and conditions of the Fairfax Virginia Stock Option Agreement of Full House Resorts, Inc. should be obtained directly from the company or legal professionals.