Indiana 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 Indiana Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to incentivize and reward eligible directors of the company with stock options. This plan allows directors to purchase company stock at a predetermined price for a specific period of time, typically at a discounted rate. The primary goal of the Indiana Eligible Directors' Stock Option Plan is to align the interests of the directors with those of the company's shareholders. By granting stock options, the plan aims to motivate directors to make decisions that are in the best interest of the company and its long-term growth. Under this plan, eligible directors are granted a specific number of stock options, typically based on their tenure and contributions to the company. These options have an exercise price, which is the price the director pays to acquire the stock, and a vesting period, during which the stock options cannot be exercised. There may be different types of Indiana Eligible Directors' Stock Option Plans available within Kyle Electronics, such as: 1. Non-Qualified Stock Option (NO) Plans: These plans do not qualify for special tax treatment under the Internal Revenue Code. They offer more flexibility in terms of exercise price and may be granted to both employees and non-employee directors. 2. Incentive Stock Option (ISO) Plans: These plans are designed to qualify for preferential tax treatment under the Internal Revenue Code. SOS are generally only granted to employees and have specific requirements regarding exercise price and holding period. 3. Restricted Stock Unit (RSU) Plans: In addition to traditional stock options, some companies, including Kyle Electronics, may offer RSU plans. RSS represents a promise to deliver company stock at a future date, usually after vesting conditions are met. RSS provide directors with an ownership stake in the company without the initial purchase requirement. 4. Performance-based Stock Option Plans: These plans link the exercise of stock options to the achievement of specific performance goals, such as financial targets or stock price thresholds. Directors may be granted additional stock options if the predetermined performance targets are met. This type of plan aims to further align the interests of directors with the company's overall performance. The Indiana Eligible Directors' Stock Option Plan of Kyle Electronics is designed to attract and retain qualified directors by offering them an opportunity to share in the company's success. By providing stock options, the plan serves as a valuable tool to align the interests of directors and shareholders, fostering a sense of ownership, accountability, and long-term commitment to Kyle Electronics' growth and prosperity.

The Indiana Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to incentivize and reward eligible directors of the company with stock options. This plan allows directors to purchase company stock at a predetermined price for a specific period of time, typically at a discounted rate. The primary goal of the Indiana Eligible Directors' Stock Option Plan is to align the interests of the directors with those of the company's shareholders. By granting stock options, the plan aims to motivate directors to make decisions that are in the best interest of the company and its long-term growth. Under this plan, eligible directors are granted a specific number of stock options, typically based on their tenure and contributions to the company. These options have an exercise price, which is the price the director pays to acquire the stock, and a vesting period, during which the stock options cannot be exercised. There may be different types of Indiana Eligible Directors' Stock Option Plans available within Kyle Electronics, such as: 1. Non-Qualified Stock Option (NO) Plans: These plans do not qualify for special tax treatment under the Internal Revenue Code. They offer more flexibility in terms of exercise price and may be granted to both employees and non-employee directors. 2. Incentive Stock Option (ISO) Plans: These plans are designed to qualify for preferential tax treatment under the Internal Revenue Code. SOS are generally only granted to employees and have specific requirements regarding exercise price and holding period. 3. Restricted Stock Unit (RSU) Plans: In addition to traditional stock options, some companies, including Kyle Electronics, may offer RSU plans. RSS represents a promise to deliver company stock at a future date, usually after vesting conditions are met. RSS provide directors with an ownership stake in the company without the initial purchase requirement. 4. Performance-based Stock Option Plans: These plans link the exercise of stock options to the achievement of specific performance goals, such as financial targets or stock price thresholds. Directors may be granted additional stock options if the predetermined performance targets are met. This type of plan aims to further align the interests of directors with the company's overall performance. The Indiana Eligible Directors' Stock Option Plan of Kyle Electronics is designed to attract and retain qualified directors by offering them an opportunity to share in the company's success. By providing stock options, the plan serves as a valuable tool to align the interests of directors and shareholders, fostering a sense of ownership, accountability, and long-term commitment to Kyle Electronics' growth and prosperity.