Idaho 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 Idaho Eligible Directors' Stock Option Plan at Kyle Electronics is a company program designed to incentivize and reward eligible directors with stock options as part of their compensation package. This plan is specifically tailored for directors serving in Idaho and is in compliance with the state's regulations and requirements. Under this plan, eligible directors have the opportunity to receive stock options, which grant them the right to purchase a certain number of company shares at a predetermined price, typically referred to as the exercise price. These stock options often have a vesting period, during which they gradually become exercisable, motivating directors to maintain a long-term commitment to the company's success. The Idaho Eligible Directors' Stock Option Plan aims to align the interests of directors with those of the company's shareholders. By offering stock options, Kyle Electronics provides directors with an opportunity to participate in the company's growth and financial success. As the value of the company's stock increases, directors can benefit from the appreciation when exercising their options. The plan may include different types of stock options, such as Non-Qualified Stock Options (Nests) or Incentive Stock Options (SOS). Nests are more flexible and can be granted to directors at their discretion. They are subject to ordinary income tax when exercised. On the other hand, SOS offer potential tax advantages but have stricter eligibility criteria and are subject to specific holding periods. Kyle Electronics may also incorporate additional features into their Idaho Eligible Directors' Stock Option Plan, such as performance-based criteria or stock option grants based on tenure or committee assignments. These variations allow Kyle Electronics to tailor the plan to the specific needs and goals of the company and its directors. It is important for eligible directors to carefully review the terms and conditions of the Idaho Eligible Directors' Stock Option Plan, including any vesting requirements, exercise periods, tax implications, and other provisions. Directors should consider consulting with their own financial advisors or legal counsel to fully understand the implications and make informed decisions regarding the stock options granted to them. By implementing the Idaho Eligible Directors' Stock Option Plan, Kyle Electronics demonstrates a commitment to attracting and retaining talented directors, fostering their long-term partnership, and aligning their interests with the company's growth and success.

Idaho Eligible Directors' Stock Option Plan at Kyle Electronics is a company program designed to incentivize and reward eligible directors with stock options as part of their compensation package. This plan is specifically tailored for directors serving in Idaho and is in compliance with the state's regulations and requirements. Under this plan, eligible directors have the opportunity to receive stock options, which grant them the right to purchase a certain number of company shares at a predetermined price, typically referred to as the exercise price. These stock options often have a vesting period, during which they gradually become exercisable, motivating directors to maintain a long-term commitment to the company's success. The Idaho Eligible Directors' Stock Option Plan aims to align the interests of directors with those of the company's shareholders. By offering stock options, Kyle Electronics provides directors with an opportunity to participate in the company's growth and financial success. As the value of the company's stock increases, directors can benefit from the appreciation when exercising their options. The plan may include different types of stock options, such as Non-Qualified Stock Options (Nests) or Incentive Stock Options (SOS). Nests are more flexible and can be granted to directors at their discretion. They are subject to ordinary income tax when exercised. On the other hand, SOS offer potential tax advantages but have stricter eligibility criteria and are subject to specific holding periods. Kyle Electronics may also incorporate additional features into their Idaho Eligible Directors' Stock Option Plan, such as performance-based criteria or stock option grants based on tenure or committee assignments. These variations allow Kyle Electronics to tailor the plan to the specific needs and goals of the company and its directors. It is important for eligible directors to carefully review the terms and conditions of the Idaho Eligible Directors' Stock Option Plan, including any vesting requirements, exercise periods, tax implications, and other provisions. Directors should consider consulting with their own financial advisors or legal counsel to fully understand the implications and make informed decisions regarding the stock options granted to them. By implementing the Idaho Eligible Directors' Stock Option Plan, Kyle Electronics demonstrates a commitment to attracting and retaining talented directors, fostering their long-term partnership, and aligning their interests with the company's growth and success.