San Jose California Stock Option Agreement of Full House Resorts, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Jose
• 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 San Jose California Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions of stock options granted to employees or directors of Full House Resorts, Inc. who are based in San Jose, California. This agreement grants the recipient the right, but not the obligation, to purchase a certain number of shares of Full House Resorts, Inc. stock at a predetermined price, within a specified time frame. The San Jose California Stock Option Agreement of Full House Resorts, Inc. includes several essential components, including: 1. Parties involved: This agreement identifies Full House Resorts, Inc. as the granting company and the employee or director as the recipient of the stock option. 2. Stock option details: The agreement specifies the number of shares of Full House Resorts, Inc. stock that the recipient can purchase through the stock option. It also outlines the exercise price, which is the price at which the shares can be bought, typically set at the fair market value at the time of grant. 3. Vesting schedule: A vesting schedule is included to determine when the stock options become exercisable. This schedule outlines a specific duration of time or milestones that the recipient must fulfill before being eligible to exercise their options. Vesting is often contingent upon the employee's continued employment with Full House Resorts, Inc. 4. Exercise period: The agreement sets forth the exercise period during which the stock options can be exercised. This period typically begins after the vesting period ends and may extend for several years. 5. Terms and conditions: The agreement outlines various terms and conditions related to the stock option, such as transferability restrictions, change of control provisions, tax implications, and any applicable regulatory compliance requirements. Some potential variations or types of San Jose California Stock Option Agreements of Full House Resorts, Inc. could include: 1. Employee Stock Option Agreement: This agreement is specific to employees of Full House Resorts, Inc. based in San Jose, California. It lays out the terms and conditions for granting stock options as a part of their compensation package. 2. Director Stock Option Agreement: This agreement is designed for directors of Full House Resorts, Inc. located in San Jose, California. It governs the granting of stock options to directors in recognition of their service and commitment to the company. 3. Incentive Stock Option Agreement: This type of agreement refers to stock options granted to employees that meet specific requirements outlined by the Internal Revenue Code (IRC). Incentive stock options provide potential tax advantages for the employee but also have stricter eligibility criteria. 4. Non-Qualified Stock Option Agreement: Non-qualified stock options are granted to employees and do not meet the strict eligibility criteria outlined by the IRC for incentive stock options. This agreement outlines the terms and conditions for these options, including tax implications. It is important to note that the specific details and variations of San Jose California Stock Option Agreement of Full House Resorts, Inc. may vary depending on the company's policies, relevant regulations, and individual circumstances.

San Jose California Stock Option Agreement of Full House Resorts, Inc. is a legal document that outlines the terms and conditions of stock options granted to employees or directors of Full House Resorts, Inc. who are based in San Jose, California. This agreement grants the recipient the right, but not the obligation, to purchase a certain number of shares of Full House Resorts, Inc. stock at a predetermined price, within a specified time frame. The San Jose California Stock Option Agreement of Full House Resorts, Inc. includes several essential components, including: 1. Parties involved: This agreement identifies Full House Resorts, Inc. as the granting company and the employee or director as the recipient of the stock option. 2. Stock option details: The agreement specifies the number of shares of Full House Resorts, Inc. stock that the recipient can purchase through the stock option. It also outlines the exercise price, which is the price at which the shares can be bought, typically set at the fair market value at the time of grant. 3. Vesting schedule: A vesting schedule is included to determine when the stock options become exercisable. This schedule outlines a specific duration of time or milestones that the recipient must fulfill before being eligible to exercise their options. Vesting is often contingent upon the employee's continued employment with Full House Resorts, Inc. 4. Exercise period: The agreement sets forth the exercise period during which the stock options can be exercised. This period typically begins after the vesting period ends and may extend for several years. 5. Terms and conditions: The agreement outlines various terms and conditions related to the stock option, such as transferability restrictions, change of control provisions, tax implications, and any applicable regulatory compliance requirements. Some potential variations or types of San Jose California Stock Option Agreements of Full House Resorts, Inc. could include: 1. Employee Stock Option Agreement: This agreement is specific to employees of Full House Resorts, Inc. based in San Jose, California. It lays out the terms and conditions for granting stock options as a part of their compensation package. 2. Director Stock Option Agreement: This agreement is designed for directors of Full House Resorts, Inc. located in San Jose, California. It governs the granting of stock options to directors in recognition of their service and commitment to the company. 3. Incentive Stock Option Agreement: This type of agreement refers to stock options granted to employees that meet specific requirements outlined by the Internal Revenue Code (IRC). Incentive stock options provide potential tax advantages for the employee but also have stricter eligibility criteria. 4. Non-Qualified Stock Option Agreement: Non-qualified stock options are granted to employees and do not meet the strict eligibility criteria outlined by the IRC for incentive stock options. This agreement outlines the terms and conditions for these options, including tax implications. It is important to note that the specific details and variations of San Jose California Stock Option Agreement of Full House Resorts, Inc. may vary depending on the company's policies, relevant regulations, and individual circumstances.