Kings New York Stock Option Agreement of Full House Resorts, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Stock Option Agreement of Full House Resorts, Inc. is a legally binding document that details the terms and conditions for the stock options granted to employees or other individuals associated with the company. This agreement outlines the rights, restrictions, and obligations related to the purchase or exercise of stock options. Full House Resorts, Inc. is a publicly-traded company that operates and manages casinos and hotels in various locations across the United States. The Kings New York Stock Option Agreement is specifically related to the stock options granted to individuals in relation to the company's operations in New York. This agreement serves as a means to incentivize and reward employees or other individuals for their contributions to the company's success. It provides a mechanism for individuals to purchase company stock at a predetermined price, known as the option strike price, within a specified timeframe, known as the exercise period. These stock options can be classified into different types based on the specific terms outlined in the agreement: 1. Standard Stock Options: These are the most common type of stock options offered by Full House Resorts, Inc. They typically have a fixed term, and the options vest over a specified period, often subject to certain conditions such as the individual's continuous employment with the company. 2. Incentive Stock Options (SOS): SOS are designed to provide certain tax advantages to the option holder while offering the potential for long-term capital gains. They must meet certain criteria specified by the Internal Revenue Service (IRS) and are subject to additional rules and limitations. 3. Non-Qualified Stock Options (SOS): SOS are stock options that do not meet the requirements for SOS as established by the IRS. Unlike SOS, SOS are typically more flexible in terms of grantee eligibility and offer greater freedom in terms of exercise price and the ability to transfer or sell the options. The Kings New York Stock Option Agreement covers all necessary aspects of the stock option grants, including the number of options granted, the exercise price, the vesting schedule, the term of options, conditions for early exercise, and any applicable tax implications. It is important for individuals who are granted stock options to thoroughly review the Kings New York Stock Option Agreement and seek professional advice if necessary to fully understand their rights and responsibilities. This document plays a crucial role in ensuring transparency, fairness, and alignment of interests between Full House Resorts, Inc. and the option holders.

The Kings New York Stock Option Agreement of Full House Resorts, Inc. is a legally binding document that details the terms and conditions for the stock options granted to employees or other individuals associated with the company. This agreement outlines the rights, restrictions, and obligations related to the purchase or exercise of stock options. Full House Resorts, Inc. is a publicly-traded company that operates and manages casinos and hotels in various locations across the United States. The Kings New York Stock Option Agreement is specifically related to the stock options granted to individuals in relation to the company's operations in New York. This agreement serves as a means to incentivize and reward employees or other individuals for their contributions to the company's success. It provides a mechanism for individuals to purchase company stock at a predetermined price, known as the option strike price, within a specified timeframe, known as the exercise period. These stock options can be classified into different types based on the specific terms outlined in the agreement: 1. Standard Stock Options: These are the most common type of stock options offered by Full House Resorts, Inc. They typically have a fixed term, and the options vest over a specified period, often subject to certain conditions such as the individual's continuous employment with the company. 2. Incentive Stock Options (SOS): SOS are designed to provide certain tax advantages to the option holder while offering the potential for long-term capital gains. They must meet certain criteria specified by the Internal Revenue Service (IRS) and are subject to additional rules and limitations. 3. Non-Qualified Stock Options (SOS): SOS are stock options that do not meet the requirements for SOS as established by the IRS. Unlike SOS, SOS are typically more flexible in terms of grantee eligibility and offer greater freedom in terms of exercise price and the ability to transfer or sell the options. The Kings New York Stock Option Agreement covers all necessary aspects of the stock option grants, including the number of options granted, the exercise price, the vesting schedule, the term of options, conditions for early exercise, and any applicable tax implications. It is important for individuals who are granted stock options to thoroughly review the Kings New York Stock Option Agreement and seek professional advice if necessary to fully understand their rights and responsibilities. This document plays a crucial role in ensuring transparency, fairness, and alignment of interests between Full House Resorts, Inc. and the option holders.