Fulton Georgia Stock Option Agreement of Full House Resorts, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Stock Option Agreement is a legal contract between Full House Resorts, Inc. and an employee or investor, granting them the right to purchase a specific number of company stock shares at a predetermined price within a specified timeframe. This agreement serves as an incentive for employees, executives, or investors to align their interests with the success of Full House Resorts, Inc. by giving them the opportunity to benefit from the potential appreciation in the company's stock value. Keywords: Fulton Georgia, Stock Option Agreement, Full House Resorts, Inc., employee, investor, stock shares, predetermined price, timeframe, incentive, executives, appreciation, stock value. Types of Fulton Georgia Stock Option Agreements of Full House Resorts, Inc.: 1. Employee Stock Option Agreement: This type of agreement is offered to employees of Full House Resorts, Inc. as part of their compensation package. It provides them with the right to purchase company stock shares at a specified price, usually based on certain qualifications or performance targets. 2. Executive Stock Option Agreement: Designed for executives and top-level management personnel, this agreement grants them the opportunity to acquire company stock as an additional incentive to drive the company's success. The terms and eligibility criteria for executive stock options may differ from those of regular employees. 3. Investor Stock Option Agreement: Full House Resorts, Inc. may also enter into stock option agreements with investors or shareholders. These agreements typically involve offering investors the right to purchase additional shares of the company's stock in the future at a predetermined price, encouraging their continued support and investment in the company. 4. Incentive Stock Option Agreement: An incentive stock option agreement aims to motivate employees and executives by providing them with favorable tax treatment on the gains they make from exercising their stock options. This type of agreement must adhere to certain Internal Revenue Service (IRS) guidelines and restrictions. 5. Non-Qualified Stock Option Agreement: Unlike incentive stock options, non-qualified stock options do not meet specific IRS requirements and do not offer the same tax advantages. These agreements may be offered to employees or investors and usually have more flexible terms and conditions, making them more accessible to a wider range of participants. Overall, the Fulton Georgia Stock Option Agreements of Full House Resorts, Inc. serve as a means to attract and retain talent, incentivizing individuals to contribute their best efforts towards the company's growth and success while aligning their interests with its long-term objectives.

The Fulton Georgia Stock Option Agreement is a legal contract between Full House Resorts, Inc. and an employee or investor, granting them the right to purchase a specific number of company stock shares at a predetermined price within a specified timeframe. This agreement serves as an incentive for employees, executives, or investors to align their interests with the success of Full House Resorts, Inc. by giving them the opportunity to benefit from the potential appreciation in the company's stock value. Keywords: Fulton Georgia, Stock Option Agreement, Full House Resorts, Inc., employee, investor, stock shares, predetermined price, timeframe, incentive, executives, appreciation, stock value. Types of Fulton Georgia Stock Option Agreements of Full House Resorts, Inc.: 1. Employee Stock Option Agreement: This type of agreement is offered to employees of Full House Resorts, Inc. as part of their compensation package. It provides them with the right to purchase company stock shares at a specified price, usually based on certain qualifications or performance targets. 2. Executive Stock Option Agreement: Designed for executives and top-level management personnel, this agreement grants them the opportunity to acquire company stock as an additional incentive to drive the company's success. The terms and eligibility criteria for executive stock options may differ from those of regular employees. 3. Investor Stock Option Agreement: Full House Resorts, Inc. may also enter into stock option agreements with investors or shareholders. These agreements typically involve offering investors the right to purchase additional shares of the company's stock in the future at a predetermined price, encouraging their continued support and investment in the company. 4. Incentive Stock Option Agreement: An incentive stock option agreement aims to motivate employees and executives by providing them with favorable tax treatment on the gains they make from exercising their stock options. This type of agreement must adhere to certain Internal Revenue Service (IRS) guidelines and restrictions. 5. Non-Qualified Stock Option Agreement: Unlike incentive stock options, non-qualified stock options do not meet specific IRS requirements and do not offer the same tax advantages. These agreements may be offered to employees or investors and usually have more flexible terms and conditions, making them more accessible to a wider range of participants. Overall, the Fulton Georgia Stock Option Agreements of Full House Resorts, Inc. serve as a means to attract and retain talent, incentivizing individuals to contribute their best efforts towards the company's growth and success while aligning their interests with its long-term objectives.