Harris Texas Stock Option Agreement of Full House Resorts, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Harris
• 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 Harris Texas Stock Option Agreement of Full House Resorts, Inc. is a legally binding document that outlines the terms and conditions related to stock options for employees or individuals associated with Full House Resorts, Inc. located in Harris, Texas. This agreement provides individuals with the opportunity to purchase or exercise stock options at a predetermined price within a specified time frame. The Harris Texas Stock Option Agreement of Full House Resorts, Inc. is structured to benefit both the company and the recipient. It serves as a means to attract and retain talented individuals by offering them a chance to become shareholders within the company, aligning their interests with the organization's growth and success. The agreement outlines the specific terms, conditions, and rules for exercising these stock options. Key components addressed in the Harris Texas Stock Option Agreement of Full House Resorts, Inc. often include: 1. Grant details: This section defines the specific details of the stock option grant, such as the number of shares offered, the strike price (exercise price), and the vesting schedule. 2. Vesting schedule: The agreement typically establishes a specific timeline with vesting milestones, meaning that the stock options become exercisable incrementally over time, encouraging individuals to remain with the company. 3. Exercise period: The agreement sets a defined duration during which the stock options can be exercised after vesting occurs. This timeframe ensures that individuals have a limited opportunity to exercise their options. 4. Payment terms: The agreement outlines the payment method required to exercise the stock options, including the acceptable forms of consideration (cash, check, or other acceptable methods). 5. Clawback provisions: In some cases, the agreement may include provisions that allow the company to claw back or cancel vested stock options if specific events occur, such as an individual's voluntary termination or a breach of non-competition agreements. 6. Change of control considerations: The agreement may also cover potential scenarios involving a change of control in Full House Resorts, Inc., such as mergers, acquisitions, or other transformative events that could impact the stock options. 7. Termination terms: This section specifies the consequences of termination voluntarily or involuntarily, outlining whether any invested stock options will be forfeited or if they will be accelerated and become exercisable. 8. Governing law and dispute resolution: The agreement may identify the governing law that will interpret the document and establish the procedure for resolving any disputes that may arise. Different types of Harris Texas Stock Option Agreements of Full House Resorts, Inc. may exist based on varying aspects, such as the position or level of employment, identified by titles like "Executive Stock Option Agreement," "Employee Stock Option Agreement," "Director Stock Option Agreement," or "Non-Qualified Stock Option Agreement." These titles indicate the intended recipients of the stock options within the company hierarchy. In summary, the Harris Texas Stock Option Agreement of Full House Resorts, Inc. is a significant document that outlines the details, terms, and conditions related to stock options granted to employees or individuals associated with Full House Resorts, Inc. in Harris, Texas. This agreement ensures a mutually beneficial relationship, encouraging employee retention and aligning their interests with the company's long-term success.

The Harris Texas Stock Option Agreement of Full House Resorts, Inc. is a legally binding document that outlines the terms and conditions related to stock options for employees or individuals associated with Full House Resorts, Inc. located in Harris, Texas. This agreement provides individuals with the opportunity to purchase or exercise stock options at a predetermined price within a specified time frame. The Harris Texas Stock Option Agreement of Full House Resorts, Inc. is structured to benefit both the company and the recipient. It serves as a means to attract and retain talented individuals by offering them a chance to become shareholders within the company, aligning their interests with the organization's growth and success. The agreement outlines the specific terms, conditions, and rules for exercising these stock options. Key components addressed in the Harris Texas Stock Option Agreement of Full House Resorts, Inc. often include: 1. Grant details: This section defines the specific details of the stock option grant, such as the number of shares offered, the strike price (exercise price), and the vesting schedule. 2. Vesting schedule: The agreement typically establishes a specific timeline with vesting milestones, meaning that the stock options become exercisable incrementally over time, encouraging individuals to remain with the company. 3. Exercise period: The agreement sets a defined duration during which the stock options can be exercised after vesting occurs. This timeframe ensures that individuals have a limited opportunity to exercise their options. 4. Payment terms: The agreement outlines the payment method required to exercise the stock options, including the acceptable forms of consideration (cash, check, or other acceptable methods). 5. Clawback provisions: In some cases, the agreement may include provisions that allow the company to claw back or cancel vested stock options if specific events occur, such as an individual's voluntary termination or a breach of non-competition agreements. 6. Change of control considerations: The agreement may also cover potential scenarios involving a change of control in Full House Resorts, Inc., such as mergers, acquisitions, or other transformative events that could impact the stock options. 7. Termination terms: This section specifies the consequences of termination voluntarily or involuntarily, outlining whether any invested stock options will be forfeited or if they will be accelerated and become exercisable. 8. Governing law and dispute resolution: The agreement may identify the governing law that will interpret the document and establish the procedure for resolving any disputes that may arise. Different types of Harris Texas Stock Option Agreements of Full House Resorts, Inc. may exist based on varying aspects, such as the position or level of employment, identified by titles like "Executive Stock Option Agreement," "Employee Stock Option Agreement," "Director Stock Option Agreement," or "Non-Qualified Stock Option Agreement." These titles indicate the intended recipients of the stock options within the company hierarchy. In summary, the Harris Texas Stock Option Agreement of Full House Resorts, Inc. is a significant document that outlines the details, terms, and conditions related to stock options granted to employees or individuals associated with Full House Resorts, Inc. in Harris, Texas. This agreement ensures a mutually beneficial relationship, encouraging employee retention and aligning their interests with the company's long-term success.