Oregon 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 Oregon Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to provide eligible directors with an opportunity to purchase and own stock in the company. This incentivizes directors' engagement and aligns their interests with those of the shareholders. Under this plan, eligible directors are granted stock options, which allow them to purchase a specific number of company shares at a pre-determined price within a specified time frame. These options are usually granted as compensation or as a reward for exceptional performance. One of the types of Oregon Eligible Directors' Stock Option Plan offered by Kyle Electronics is the Non-Qualified Stock Option (NO) plan. This type of plan allows eligible directors to purchase company shares at a predetermined price, regardless of the market value at the time of exercise. Nests offer flexibility in terms of timing and pricing, providing directors with the opportunity to maximize their potential gains. Another type is the Incentive Stock Option (ISO) plan, which presents certain tax advantages to eligible directors. SOS have specific requirements set by tax laws, including a limitation on the total value of shares that can be exercised in a given year and a holding period before being sold. This type of plan is typically used to motivate and retain top-performing directors. The Oregon Eligible Directors' Stock Option Plan of Kyle Electronics is designed to promote long-term commitment and exemplary performance among its directors. By offering stock options, the company encourages directors to act in the best interest of the shareholders, drive company growth, and enhance shareholder value.