Louisiana 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 Louisiana Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to offer stock options to individuals serving as directors within the organization. This plan provides a means for directors to earn additional compensation by granting them the right to purchase company stock at a predetermined price within a specified timeframe. The Louisiana Eligible Directors' Stock Option Plan of Kyle Electronics is a key component of the company's overall compensation strategy. It aims to attract and retain talented directors who can contribute to the success and growth of the organization. By aligning their interests with those of the company's shareholders, the plan encourages directors to make strategic decisions that drive long-term value for the organization. This plan offers various types of stock options to eligible directors. These include non-qualified stock options, which provide flexibility in terms of exercise price and timing. Directors can choose to exercise these options at any time within a predetermined period, enabling them to take advantage of potential stock price appreciation. Another type of stock option available under the Louisiana Eligible Directors' Stock Option Plan is the incentive stock option (ISO). Unlike non-qualified stock options, SOS provide potential tax advantages if certain criteria are met. This type of option can offer great value for directors, as it allows them to receive favorable tax treatment on the gains realized upon exercising the options. The Louisiana Eligible Directors' Stock Option Plan of Kyle Electronics also includes a vesting schedule for the stock options granted to directors. Vesting refers to the period of time that a director must remain with the company before they can exercise their options. This encourages directors to maintain a long-term commitment to the organization and aligns their interests with those of the shareholders. In summary, the Louisiana Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program that offers stock options to eligible directors. It provides various types of options, including non-qualified stock options and incentive stock options. The plan aims to attract and retain talented directors while aligning their interests with the long-term success of the organization.

The Louisiana Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to offer stock options to individuals serving as directors within the organization. This plan provides a means for directors to earn additional compensation by granting them the right to purchase company stock at a predetermined price within a specified timeframe. The Louisiana Eligible Directors' Stock Option Plan of Kyle Electronics is a key component of the company's overall compensation strategy. It aims to attract and retain talented directors who can contribute to the success and growth of the organization. By aligning their interests with those of the company's shareholders, the plan encourages directors to make strategic decisions that drive long-term value for the organization. This plan offers various types of stock options to eligible directors. These include non-qualified stock options, which provide flexibility in terms of exercise price and timing. Directors can choose to exercise these options at any time within a predetermined period, enabling them to take advantage of potential stock price appreciation. Another type of stock option available under the Louisiana Eligible Directors' Stock Option Plan is the incentive stock option (ISO). Unlike non-qualified stock options, SOS provide potential tax advantages if certain criteria are met. This type of option can offer great value for directors, as it allows them to receive favorable tax treatment on the gains realized upon exercising the options. The Louisiana Eligible Directors' Stock Option Plan of Kyle Electronics also includes a vesting schedule for the stock options granted to directors. Vesting refers to the period of time that a director must remain with the company before they can exercise their options. This encourages directors to maintain a long-term commitment to the organization and aligns their interests with those of the shareholders. In summary, the Louisiana Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program that offers stock options to eligible directors. It provides various types of options, including non-qualified stock options and incentive stock options. The plan aims to attract and retain talented directors while aligning their interests with the long-term success of the organization.