Arkansas Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-362C
• Format: Word; Rich Text

Description

18-362C 18-362C . . . Eligible Directors' Stock Option Plan under which (a) each outside director who was in office on October 1, 1996 was granted, subject to stockholder approval of Plan, option to purchase 4,000 shares of stock and each outside director who first takes office after October 1, 1996 will receive a one-time initial option to purchase 10,000 shares of stock, and (b) each outside director in office on October 1, 1996 will be granted an option on April 1 of each year commencing in 1997 to purchase 4,000 shares of stock provided he or she is in office on date of grant, and each outside director who takes office after October 1, 1996 will be granted an option on April 1 of each year to purchase 6,000 shares of stock provided he or she is in office on date of grant. Exercise price of all options is fair market value on date of grant. All options are exercisable six months after date of grant The Arkansas Eligible Directors' Stock Option Plan is a comprehensive program established by Kyle Electronics to provide eligible directors with stock options as a part of their compensation package. This plan is designed to align the interests of directors with those of the company's shareholders and to promote long-term success. Under this stock option plan, eligible directors of Kyle Electronics are granted the opportunity to purchase company shares at a predetermined price within a specified timeframe. These options typically have a vesting period, during which the directors must fulfill certain requirements or remain on the board of directors before exercising their rights to purchase the shares. The Arkansas Eligible Directors' Stock Option Plan offers directors the chance to participate in the growth of Kyle Electronics while also incentivizing their continued dedication and commitment to the company's success. By tying directors' compensation to the company's performance, this plan encourages them to make decisions in the best interest of the shareholders. The plan takes into consideration the unique needs and circumstances of the directors, allowing for flexibility in granting options. It aims to attract and retain top talent on the board by providing a competitive and attractive compensation package. Directors who are part of this plan can benefit from the potential appreciation of the company's stock, thereby enhancing their overall compensation. While there may not be specific variants of the Arkansas Eligible Directors' Stock Option Plan, variations in options granted, vesting periods, and exercise prices may occur depending on the specific terms and conditions of the plan. These variations could potentially include different grant sizes or vesting schedules to accommodate individual directors' roles, contributions, or tenure within the company. However, these specifics would need to be obtained from the actual documents governing the plan. Overall, the Arkansas Eligible Directors' Stock Option Plan of Kyle Electronics serves as a vital component of the company's corporate governance and compensation strategy. It ensures the alignment of directors' interests with those of the shareholders, promoting accountability, and fostering a sense of ownership among the board members.

The Arkansas Eligible Directors' Stock Option Plan is a comprehensive program established by Kyle Electronics to provide eligible directors with stock options as a part of their compensation package. This plan is designed to align the interests of directors with those of the company's shareholders and to promote long-term success. Under this stock option plan, eligible directors of Kyle Electronics are granted the opportunity to purchase company shares at a predetermined price within a specified timeframe. These options typically have a vesting period, during which the directors must fulfill certain requirements or remain on the board of directors before exercising their rights to purchase the shares. The Arkansas Eligible Directors' Stock Option Plan offers directors the chance to participate in the growth of Kyle Electronics while also incentivizing their continued dedication and commitment to the company's success. By tying directors' compensation to the company's performance, this plan encourages them to make decisions in the best interest of the shareholders. The plan takes into consideration the unique needs and circumstances of the directors, allowing for flexibility in granting options. It aims to attract and retain top talent on the board by providing a competitive and attractive compensation package. Directors who are part of this plan can benefit from the potential appreciation of the company's stock, thereby enhancing their overall compensation. While there may not be specific variants of the Arkansas Eligible Directors' Stock Option Plan, variations in options granted, vesting periods, and exercise prices may occur depending on the specific terms and conditions of the plan. These variations could potentially include different grant sizes or vesting schedules to accommodate individual directors' roles, contributions, or tenure within the company. However, these specifics would need to be obtained from the actual documents governing the plan. Overall, the Arkansas Eligible Directors' Stock Option Plan of Kyle Electronics serves as a vital component of the company's corporate governance and compensation strategy. It ensures the alignment of directors' interests with those of the shareholders, promoting accountability, and fostering a sense of ownership among the board members.