Puerto Rico 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 Puerto Rico Eligible Directors' Stock Option Plan of Kyle Electronics (PR ESOP) is a comprehensive stock option plan established by Kyle Electronics, a leading electronic components' distributor, specifically for its eligible directors based in Puerto Rico. The PR ESOP aims to incentivize and reward eligible directors for their contributions towards the company's growth and success. This stock option plan allows eligible directors to purchase a specified number of Kyle Electronics shares at a predetermined price, known as the exercise price, during a certain period. By granting stock options, Kyle Electronics aims to align the interests of its eligible directors with those of the shareholders while providing them with a potential financial benefit. There are different types of Puerto Rico Eligible Directors' Stock Option Plans available within Kyle Electronics, offering varying terms and conditions to accommodate the diverse needs and positions of the eligible directors. These may include: 1. Standard PR ESOP: This refers to the primary stock option plan offered to eligible directors of Kyle Electronics based in Puerto Rico. It outlines the standard terms, exercise periods, vesting schedules, and other relevant provisions that govern the stock option grants. 2. Performance-based PR ESOP: This type of plan may be offered to eligible directors based on specific performance criteria or milestones set by Kyle Electronics. Eligible directors must achieve these performance goals to be eligible for exercising their stock options. 3. Retention-focused PR ESOP: This variation of the stock option plan may be designed to encourage eligible directors to stay with Kyle Electronics for an extended period. It may include extended vesting schedules or additional benefits tied to long-term service to the company. 4. Tiered PR ESOP: In a tiered plan, Kyle Electronics may offer different grant levels or types of stock options to eligible directors based on their seniority or role within the organization. This type of plan establishes different tiers or categories, each with its own set of benefits and conditions. By offering these various types of Puerto Rico Eligible Directors' Stock Option Plans, Kyle Electronics aims to attract and retain talented directors while motivating them to contribute to the company's long-term success. These stock option plans act as a valuable tool for linking eligible directors' financial rewards with Kyle Electronics' overall performance, fostering a sense of ownership and alignment within the organization.

Puerto Rico Eligible Directors' Stock Option Plan of Kyle Electronics (PR ESOP) is a comprehensive stock option plan established by Kyle Electronics, a leading electronic components' distributor, specifically for its eligible directors based in Puerto Rico. The PR ESOP aims to incentivize and reward eligible directors for their contributions towards the company's growth and success. This stock option plan allows eligible directors to purchase a specified number of Kyle Electronics shares at a predetermined price, known as the exercise price, during a certain period. By granting stock options, Kyle Electronics aims to align the interests of its eligible directors with those of the shareholders while providing them with a potential financial benefit. There are different types of Puerto Rico Eligible Directors' Stock Option Plans available within Kyle Electronics, offering varying terms and conditions to accommodate the diverse needs and positions of the eligible directors. These may include: 1. Standard PR ESOP: This refers to the primary stock option plan offered to eligible directors of Kyle Electronics based in Puerto Rico. It outlines the standard terms, exercise periods, vesting schedules, and other relevant provisions that govern the stock option grants. 2. Performance-based PR ESOP: This type of plan may be offered to eligible directors based on specific performance criteria or milestones set by Kyle Electronics. Eligible directors must achieve these performance goals to be eligible for exercising their stock options. 3. Retention-focused PR ESOP: This variation of the stock option plan may be designed to encourage eligible directors to stay with Kyle Electronics for an extended period. It may include extended vesting schedules or additional benefits tied to long-term service to the company. 4. Tiered PR ESOP: In a tiered plan, Kyle Electronics may offer different grant levels or types of stock options to eligible directors based on their seniority or role within the organization. This type of plan establishes different tiers or categories, each with its own set of benefits and conditions. By offering these various types of Puerto Rico Eligible Directors' Stock Option Plans, Kyle Electronics aims to attract and retain talented directors while motivating them to contribute to the company's long-term success. These stock option plans act as a valuable tool for linking eligible directors' financial rewards with Kyle Electronics' overall performance, fostering a sense of ownership and alignment within the organization.