Oklahoma 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 Oklahoma Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed specifically for the eligible directors of the company. This plan allows qualifying directors to acquire stock options, which give them the right to purchase company stock at a predetermined price within a specified time frame. Under the Oklahoma Eligible Directors' Stock Option Plan, eligible directors are granted the opportunity to benefit from the success and growth of Kyle Electronics through stock ownership. These stock options serve as incentives and align the interests of directors with the long-term objectives of the company, fostering a sense of ownership and commitment. This plan offers directors the flexibility to exercise their stock options at their discretion, within the guidelines set forth in the plan document. The stock options typically vest over a period of time, encouraging directors to remain with the company and contribute to its ongoing success. It is important to note that there may be different types of Oklahoma Eligible Directors' Stock Option Plans available at Kyle Electronics, tailored to specific categories of directors or varying compensation structures. Some of these plans may include: 1. Non-Qualified Stock Options (Nests): These stock options offer directors the opportunity to purchase company stock at a specified price, usually the fair market value at the time of grant. Nests are subject to ordinary income tax upon exercise and are typically offered to all eligible directors. 2. Incentive Stock Options (SOS): SOS are another type of stock option that provides tax advantages to the recipient. They offer the potential for long-term capital gains tax treatment if certain requirements are met. SOS are generally offered to high-ranking or key directors and are subject to specific regulations outlined by the Internal Revenue Service. 3. Restricted Stock Units (RSS): In addition to stock options, the Oklahoma Eligible Directors' Stock Option Plan may include RSS. RSS represents a promise to deliver company stock to directors at a future date, usually upon the achievement of certain performance criteria or a specific vesting period. Unlike stock options, RSS do not require an upfront purchase. Overall, the Oklahoma Eligible Directors' Stock Option Plan of Kyle Electronics is a valuable compensation tool that incentivizes eligible directors, aligns their interests with the company's long-term success, and rewards their contributions to the organization's growth. By granting stock options, Kyle Electronics aims to attract and retain talented directors who will continue to drive the company forward.

The Oklahoma Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed specifically for the eligible directors of the company. This plan allows qualifying directors to acquire stock options, which give them the right to purchase company stock at a predetermined price within a specified time frame. Under the Oklahoma Eligible Directors' Stock Option Plan, eligible directors are granted the opportunity to benefit from the success and growth of Kyle Electronics through stock ownership. These stock options serve as incentives and align the interests of directors with the long-term objectives of the company, fostering a sense of ownership and commitment. This plan offers directors the flexibility to exercise their stock options at their discretion, within the guidelines set forth in the plan document. The stock options typically vest over a period of time, encouraging directors to remain with the company and contribute to its ongoing success. It is important to note that there may be different types of Oklahoma Eligible Directors' Stock Option Plans available at Kyle Electronics, tailored to specific categories of directors or varying compensation structures. Some of these plans may include: 1. Non-Qualified Stock Options (Nests): These stock options offer directors the opportunity to purchase company stock at a specified price, usually the fair market value at the time of grant. Nests are subject to ordinary income tax upon exercise and are typically offered to all eligible directors. 2. Incentive Stock Options (SOS): SOS are another type of stock option that provides tax advantages to the recipient. They offer the potential for long-term capital gains tax treatment if certain requirements are met. SOS are generally offered to high-ranking or key directors and are subject to specific regulations outlined by the Internal Revenue Service. 3. Restricted Stock Units (RSS): In addition to stock options, the Oklahoma Eligible Directors' Stock Option Plan may include RSS. RSS represents a promise to deliver company stock to directors at a future date, usually upon the achievement of certain performance criteria or a specific vesting period. Unlike stock options, RSS do not require an upfront purchase. Overall, the Oklahoma Eligible Directors' Stock Option Plan of Kyle Electronics is a valuable compensation tool that incentivizes eligible directors, aligns their interests with the company's long-term success, and rewards their contributions to the organization's growth. By granting stock options, Kyle Electronics aims to attract and retain talented directors who will continue to drive the company forward.