Wyoming 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 Wyoming Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed specifically for the eligible directors of the company based in Wyoming, United States. This plan offers various types of stock options to these directors, allowing them to purchase company stocks at a predetermined price within a specified time frame. The purpose of this program is to incentivize and reward eligible directors for their contributions to the company's growth and success. The different types of Wyoming Eligible Directors' Stock Option Plans offered by Kyle Electronics include: 1. Non-Qualified Stock Options (Nests): This type of stock option plan allows eligible directors to purchase company stocks at a predetermined price called the exercise price. Nests offer flexibility in terms of pricing and timing, allowing directors to exercise their options when it is financially favorable for them. 2. Incentive Stock Options (SOS): SOS are another type of stock option plan available to eligible directors. These options provide potential tax advantages if certain conditions are met, such as holding onto the stocks for a specific period. SOS are subject to regulatory limitations set by the Internal Revenue Service (IRS). 3. Restricted Stock Units (RSS): RSS are a form of stock-based compensation where eligible directors are granted units of company stocks upfront. These units vest over a specific period, and once vested, directors receive the underlying company stocks. RSS provides an ownership stake in the company without requiring an upfront purchase. 4. Performance Stock Options (SOS): SOS are stock options tied to predetermined performance goals established by Kyle Electronics. Eligible directors can receive company stocks based on their achievement of specific milestones, financial metrics, or company-wide performance targets. This plan encourages directors to contribute to the company's long-term growth and shareholder value. The Wyoming Eligible Directors' Stock Option Plan of Kyle Electronics combines these types of stock option plans to provide a comprehensive compensation package for eligible directors. By offering various options, the company aims to align director interests with shareholder interests and provide a means for directors to share in the success of the company.

The Wyoming Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed specifically for the eligible directors of the company based in Wyoming, United States. This plan offers various types of stock options to these directors, allowing them to purchase company stocks at a predetermined price within a specified time frame. The purpose of this program is to incentivize and reward eligible directors for their contributions to the company's growth and success. The different types of Wyoming Eligible Directors' Stock Option Plans offered by Kyle Electronics include: 1. Non-Qualified Stock Options (Nests): This type of stock option plan allows eligible directors to purchase company stocks at a predetermined price called the exercise price. Nests offer flexibility in terms of pricing and timing, allowing directors to exercise their options when it is financially favorable for them. 2. Incentive Stock Options (SOS): SOS are another type of stock option plan available to eligible directors. These options provide potential tax advantages if certain conditions are met, such as holding onto the stocks for a specific period. SOS are subject to regulatory limitations set by the Internal Revenue Service (IRS). 3. Restricted Stock Units (RSS): RSS are a form of stock-based compensation where eligible directors are granted units of company stocks upfront. These units vest over a specific period, and once vested, directors receive the underlying company stocks. RSS provides an ownership stake in the company without requiring an upfront purchase. 4. Performance Stock Options (SOS): SOS are stock options tied to predetermined performance goals established by Kyle Electronics. Eligible directors can receive company stocks based on their achievement of specific milestones, financial metrics, or company-wide performance targets. This plan encourages directors to contribute to the company's long-term growth and shareholder value. The Wyoming Eligible Directors' Stock Option Plan of Kyle Electronics combines these types of stock option plans to provide a comprehensive compensation package for eligible directors. By offering various options, the company aims to align director interests with shareholder interests and provide a means for directors to share in the success of the company.