Minnesota 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 Minnesota Eligible Directors' Stock Option Plan of Kyle Electronics is a program designed to provide eligible directors of the company with stock options as a form of compensation and incentivization. This plan allows directors to purchase shares of Kyle Electronics stock at a predetermined price within a specified period. One type of Minnesota Eligible Directors' Stock Option Plan is the Non-Qualified Stock Option Plan. This plan grants directors the right to purchase a specific number of shares at a predetermined price, also known as the exercise price. Directors can exercise these options at any time during the specified exercise period. Another type of plan is the Incentive Stock Option Plan, which is designed to provide tax advantages to eligible directors. This plan allows directors to purchase shares at a favorable price and hold them for a specific period, typically at least one year, before selling them to take advantage of capital gains tax rates. The Minnesota Eligible Directors' Stock Option Plan aims to align the interests of directors with the company's shareholders. By offering stock options, Kyle Electronics encourages directors to work towards the company's long-term success and increases their financial stake in the company's performance. Through this plan, eligible directors have the opportunity to benefit from the company's growth and expansion. As the stock price of Kyle Electronics rises, directors can exercise their stock options, purchase shares at a lower predetermined price, and potentially sell them at a higher market price, making a profit. It's important to note that the Minnesota Eligible Directors' Stock Option Plan is governed by state laws and regulations specific to Minnesota. The plan may also have additional provisions, such as vesting periods, restrictions on transferring options, and terms for meeting eligibility criteria. Overall, the Minnesota Eligible Directors' Stock Option Plan of Kyle Electronics is a valuable compensation tool that allows eligible directors to participate in the company's success and aligns their interests with those of the shareholders.

The Minnesota Eligible Directors' Stock Option Plan of Kyle Electronics is a program designed to provide eligible directors of the company with stock options as a form of compensation and incentivization. This plan allows directors to purchase shares of Kyle Electronics stock at a predetermined price within a specified period. One type of Minnesota Eligible Directors' Stock Option Plan is the Non-Qualified Stock Option Plan. This plan grants directors the right to purchase a specific number of shares at a predetermined price, also known as the exercise price. Directors can exercise these options at any time during the specified exercise period. Another type of plan is the Incentive Stock Option Plan, which is designed to provide tax advantages to eligible directors. This plan allows directors to purchase shares at a favorable price and hold them for a specific period, typically at least one year, before selling them to take advantage of capital gains tax rates. The Minnesota Eligible Directors' Stock Option Plan aims to align the interests of directors with the company's shareholders. By offering stock options, Kyle Electronics encourages directors to work towards the company's long-term success and increases their financial stake in the company's performance. Through this plan, eligible directors have the opportunity to benefit from the company's growth and expansion. As the stock price of Kyle Electronics rises, directors can exercise their stock options, purchase shares at a lower predetermined price, and potentially sell them at a higher market price, making a profit. It's important to note that the Minnesota Eligible Directors' Stock Option Plan is governed by state laws and regulations specific to Minnesota. The plan may also have additional provisions, such as vesting periods, restrictions on transferring options, and terms for meeting eligibility criteria. Overall, the Minnesota Eligible Directors' Stock Option Plan of Kyle Electronics is a valuable compensation tool that allows eligible directors to participate in the company's success and aligns their interests with those of the shareholders.