Arizona 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 Arizona Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to offer stock options to the eligible directors of the company. This compensation plan provides an opportunity for directors to acquire ownership in Kyle Electronics, aligning their interests with the success of the company. Under the Arizona Eligible Directors' Stock Option Plan, directors are granted the right to purchase a specified number of shares of Kyle Electronics at a predetermined price, often referred to as the exercise price. These stock options typically have a vesting period, during which directors must remain actively serving on the board of directors to earn the right to exercise their options. The exact terms and conditions of the Arizona Eligible Directors' Stock Option Plan may vary depending on the specific version implemented by Kyle Electronics. It is essential to review the plan documents provided by the company to fully understand the details and eligibility criteria of the program. There can be different types or variations of the Arizona Eligible Directors' Stock Option Plan offered by Kyle Electronics, which may include: 1. Incentive Stock Options (SOS): These options may provide tax advantages for directors if certain requirements set by the Internal Revenue Service (IRS) are met. SOS are subject to stricter rules, such as a maximum exercise price and a required holding period before selling the shares. 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not qualify for favorable tax treatment. Directors receiving Nests have more flexibility in terms of pricing and holding periods. 3. Performance-Based Stock Options: In some cases, Kyle Electronics may include performance-based criteria in the stock option plan. Directors may be required to achieve specific financial, operational, or strategic goals before exercising their options. The Arizona Eligible Directors' Stock Option Plan of Kyle Electronics acts as a valuable tool in attracting and retaining talented directors. By providing an opportunity to share in the company's success, Kyle Electronics strives to incentivize directors to work towards achieving the company's long-term objectives. Please consult with legal and financial professionals for personalized advice specific to your situation.

The Arizona Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to offer stock options to the eligible directors of the company. This compensation plan provides an opportunity for directors to acquire ownership in Kyle Electronics, aligning their interests with the success of the company. Under the Arizona Eligible Directors' Stock Option Plan, directors are granted the right to purchase a specified number of shares of Kyle Electronics at a predetermined price, often referred to as the exercise price. These stock options typically have a vesting period, during which directors must remain actively serving on the board of directors to earn the right to exercise their options. The exact terms and conditions of the Arizona Eligible Directors' Stock Option Plan may vary depending on the specific version implemented by Kyle Electronics. It is essential to review the plan documents provided by the company to fully understand the details and eligibility criteria of the program. There can be different types or variations of the Arizona Eligible Directors' Stock Option Plan offered by Kyle Electronics, which may include: 1. Incentive Stock Options (SOS): These options may provide tax advantages for directors if certain requirements set by the Internal Revenue Service (IRS) are met. SOS are subject to stricter rules, such as a maximum exercise price and a required holding period before selling the shares. 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not qualify for favorable tax treatment. Directors receiving Nests have more flexibility in terms of pricing and holding periods. 3. Performance-Based Stock Options: In some cases, Kyle Electronics may include performance-based criteria in the stock option plan. Directors may be required to achieve specific financial, operational, or strategic goals before exercising their options. The Arizona Eligible Directors' Stock Option Plan of Kyle Electronics acts as a valuable tool in attracting and retaining talented directors. By providing an opportunity to share in the company's success, Kyle Electronics strives to incentivize directors to work towards achieving the company's long-term objectives. Please consult with legal and financial professionals for personalized advice specific to your situation.