Utah 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 Utah Eligible Directors' Stock Option Plan is a scheme introduced by Kyle Electronics, an innovative technology company based in Utah. This plan aims to offer eligible directors of the company an opportunity to be granted stock options, enabling them to purchase shares of the company's stock at a predetermined price, within a specified timeframe. The Utah Eligible Directors' Stock Option Plan allows directors to align their interests with those of the company's shareholders by giving them a chance to participate in its growth and success. This plan serves as a valuable incentive tool for attracting and retaining talented directors, as it provides them with a unique opportunity to share in the financial rewards of the company's achievements. Under the Utah Eligible Directors' Stock Option Plan, directors are typically granted options to purchase a specific number of shares at a predetermined exercise price. The exercise price is usually set at the fair market value of the company's stock on the date of grant. These options may vest over a specified period, encouraging directors to remain actively involved with the company and contribute to its long-term success. The stock options granted under the Utah Eligible Directors' Stock Option Plan are subject to various terms and conditions, such as vesting schedules, exercise periods, and potential restrictions on transferability. These terms ensure that the options remain aligned with the company's goals and strategic objectives, while also providing flexibility and potential financial gains for the directors. It's important to note that there may be different variations or types of the Utah Eligible Directors' Stock Option Plan implemented by Kyle Electronics. These variations could include different vesting schedules, exercise periods, or eligibility requirements based on the director's tenure or specific contributions made to the company. However, specific details and variations of these plans should be reviewed within the official plan documents provided by Kyle Electronics. In summary, the Utah Eligible Directors' Stock Option Plan of Kyle Electronics is a significant incentive program designed to motivate and reward eligible directors of the company. By granting stock options at a predetermined price, this plan aligns the interests of directors with those of the company's shareholders, allowing them to participate in the company's growth and financial success.

The Utah Eligible Directors' Stock Option Plan is a scheme introduced by Kyle Electronics, an innovative technology company based in Utah. This plan aims to offer eligible directors of the company an opportunity to be granted stock options, enabling them to purchase shares of the company's stock at a predetermined price, within a specified timeframe. The Utah Eligible Directors' Stock Option Plan allows directors to align their interests with those of the company's shareholders by giving them a chance to participate in its growth and success. This plan serves as a valuable incentive tool for attracting and retaining talented directors, as it provides them with a unique opportunity to share in the financial rewards of the company's achievements. Under the Utah Eligible Directors' Stock Option Plan, directors are typically granted options to purchase a specific number of shares at a predetermined exercise price. The exercise price is usually set at the fair market value of the company's stock on the date of grant. These options may vest over a specified period, encouraging directors to remain actively involved with the company and contribute to its long-term success. The stock options granted under the Utah Eligible Directors' Stock Option Plan are subject to various terms and conditions, such as vesting schedules, exercise periods, and potential restrictions on transferability. These terms ensure that the options remain aligned with the company's goals and strategic objectives, while also providing flexibility and potential financial gains for the directors. It's important to note that there may be different variations or types of the Utah Eligible Directors' Stock Option Plan implemented by Kyle Electronics. These variations could include different vesting schedules, exercise periods, or eligibility requirements based on the director's tenure or specific contributions made to the company. However, specific details and variations of these plans should be reviewed within the official plan documents provided by Kyle Electronics. In summary, the Utah Eligible Directors' Stock Option Plan of Kyle Electronics is a significant incentive program designed to motivate and reward eligible directors of the company. By granting stock options at a predetermined price, this plan aligns the interests of directors with those of the company's shareholders, allowing them to participate in the company's growth and financial success.