North Dakota 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 North Dakota Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive and employee-oriented program designed to benefit eligible directors of the company. This plan allows directors to receive stock options as a form of compensation and aligns their interests with the company's long-term success. Under this plan, eligible directors in North Dakota are granted the opportunity to acquire stock options at a predetermined price within a specified time frame. These options grant directors the right, but not the obligation, to purchase a specified number of company shares at a specified exercise price. This serves as an incentive for their commitment, dedication, and contribution to the overall growth and prosperity of Kyle Electronics. There are various types of North Dakota Eligible Directors' Stock Option Plans available at Kyle Electronics, each offering unique features and benefits. Some notable types include: 1. Non-Qualified Stock Option Plans: These plans provide flexibility in terms of exercise price and vesting schedule. Non-Qualified Stock Options are subject to ordinary income tax upon exercise, based on the difference between the exercise price and the fair market value of the stock at the time of exercise. 2. Incentive Stock Option Plans: These plans are designed to incentivize and reward directors further. Incentive Stock Options offer potential tax advantages, as they are subject to capital gains tax rates rather than ordinary income tax rates upon exercise, provided certain IRS criteria are met. 3. Restricted Stock Option Plans: Restricted Stock Options impose certain restrictions, such as a vesting period or performance-based milestones, before the options can be exercised. These plans encourage directors to remain committed to the company and its long-term objectives. Regardless of the specific type of North Dakota Eligible Directors' Stock Option Plan, the goal remains the same — to reward and motivate eligible directors of Kyle Electronics. By aligning their interests with that of the company's shareholders, these plans promote long-term growth, foster a sense of ownership, and enhance overall corporate performance. Keywords: North Dakota, Eligible Directors' Stock Option Plan, Kyle Electronics, compensation, stock options, long-term success, predetermined price, exercise price, company shares, commitment, dedication, contribution, growth, prosperity, Non-Qualified Stock Option Plans, incentive, tax advantages, capital gains tax rates, ordinary income tax rates, Incentive Stock Option Plans, Restricted Stock Option Plans, vesting period, performance-based milestones, shareholders, ownership, corporate performance.

The North Dakota Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive and employee-oriented program designed to benefit eligible directors of the company. This plan allows directors to receive stock options as a form of compensation and aligns their interests with the company's long-term success. Under this plan, eligible directors in North Dakota are granted the opportunity to acquire stock options at a predetermined price within a specified time frame. These options grant directors the right, but not the obligation, to purchase a specified number of company shares at a specified exercise price. This serves as an incentive for their commitment, dedication, and contribution to the overall growth and prosperity of Kyle Electronics. There are various types of North Dakota Eligible Directors' Stock Option Plans available at Kyle Electronics, each offering unique features and benefits. Some notable types include: 1. Non-Qualified Stock Option Plans: These plans provide flexibility in terms of exercise price and vesting schedule. Non-Qualified Stock Options are subject to ordinary income tax upon exercise, based on the difference between the exercise price and the fair market value of the stock at the time of exercise. 2. Incentive Stock Option Plans: These plans are designed to incentivize and reward directors further. Incentive Stock Options offer potential tax advantages, as they are subject to capital gains tax rates rather than ordinary income tax rates upon exercise, provided certain IRS criteria are met. 3. Restricted Stock Option Plans: Restricted Stock Options impose certain restrictions, such as a vesting period or performance-based milestones, before the options can be exercised. These plans encourage directors to remain committed to the company and its long-term objectives. Regardless of the specific type of North Dakota Eligible Directors' Stock Option Plan, the goal remains the same — to reward and motivate eligible directors of Kyle Electronics. By aligning their interests with that of the company's shareholders, these plans promote long-term growth, foster a sense of ownership, and enhance overall corporate performance. Keywords: North Dakota, Eligible Directors' Stock Option Plan, Kyle Electronics, compensation, stock options, long-term success, predetermined price, exercise price, company shares, commitment, dedication, contribution, growth, prosperity, Non-Qualified Stock Option Plans, incentive, tax advantages, capital gains tax rates, ordinary income tax rates, Incentive Stock Option Plans, Restricted Stock Option Plans, vesting period, performance-based milestones, shareholders, ownership, corporate performance.