Massachusetts 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 Massachusetts Eligible Directors' Stock Option Plan is a compensation program specifically designed for directors of Kyle Electronics, a renowned company operating in Massachusetts. It offers eligible directors the opportunity to acquire stock options as a form of incentive and recognition for their valuable contributions to the company's success. Under this plan, directors are granted the right to purchase a specified number of shares of Kyle Electronics' common stock at a predetermined exercise price. These stock options typically have a vesting period, which means that directors must wait for a certain period before they can exercise the options. Vesting periods can vary based on the specific terms of the plan. The Massachusetts Eligible Directors' Stock Option Plan is an attractive benefit for directors as it provides them with the potential to share in the company's future growth and financial success. When the stock price appreciates, directors can exercise their options, purchase the stock at the exercise price, and sell it at the market price, generating potential profits. Furthermore, this plan aligns the interests of directors with those of shareholders, as directors will have a stake in the company's performance and long-term value creation. By offering stock options, Kyle Electronics aims to incentivize and retain talented directors, ensuring their continued dedication and commitment to the company's goals. It is important to note that there might be different variations of the Massachusetts Eligible Directors' Stock Option Plan at Kyle Electronics. The specific details and terms of these variations can differ based on individual director agreements or amendments made within the plan. These variations could include differences in vesting periods, exercise prices, or the number of shares offered to each director. In conclusion, the Massachusetts Eligible Directors' Stock Option Plan of Kyle Electronics is an attractive compensation program that rewards directors with stock options, providing them with the opportunity to purchase shares of the company's common stock at a predetermined exercise price. This plan serves as a powerful tool to attract, retain, and align the interests of directors with those of shareholders, fostering long-term commitment and performance from the directors.

The Massachusetts Eligible Directors' Stock Option Plan is a compensation program specifically designed for directors of Kyle Electronics, a renowned company operating in Massachusetts. It offers eligible directors the opportunity to acquire stock options as a form of incentive and recognition for their valuable contributions to the company's success. Under this plan, directors are granted the right to purchase a specified number of shares of Kyle Electronics' common stock at a predetermined exercise price. These stock options typically have a vesting period, which means that directors must wait for a certain period before they can exercise the options. Vesting periods can vary based on the specific terms of the plan. The Massachusetts Eligible Directors' Stock Option Plan is an attractive benefit for directors as it provides them with the potential to share in the company's future growth and financial success. When the stock price appreciates, directors can exercise their options, purchase the stock at the exercise price, and sell it at the market price, generating potential profits. Furthermore, this plan aligns the interests of directors with those of shareholders, as directors will have a stake in the company's performance and long-term value creation. By offering stock options, Kyle Electronics aims to incentivize and retain talented directors, ensuring their continued dedication and commitment to the company's goals. It is important to note that there might be different variations of the Massachusetts Eligible Directors' Stock Option Plan at Kyle Electronics. The specific details and terms of these variations can differ based on individual director agreements or amendments made within the plan. These variations could include differences in vesting periods, exercise prices, or the number of shares offered to each director. In conclusion, the Massachusetts Eligible Directors' Stock Option Plan of Kyle Electronics is an attractive compensation program that rewards directors with stock options, providing them with the opportunity to purchase shares of the company's common stock at a predetermined exercise price. This plan serves as a powerful tool to attract, retain, and align the interests of directors with those of shareholders, fostering long-term commitment and performance from the directors.