Alameda California Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Alameda
• 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 Alameda California Eligible Directors' Stock Option Plan is a comprehensive program designed by Kyle Electronics to provide its directors with stock options as a form of compensation. This plan aims to incentivize directors by giving them the opportunity to share in the company's financial success and align their interests with those of the shareholders. Under this plan, eligible directors of Kyle Electronics, based in Alameda, California, are granted the right to purchase a specified number of the company's shares at a predetermined price. These stock options typically have a vesting period, during which the director must fulfill certain requirements, such as remaining on the board of directors or achieving specified performance goals, before the options can be exercised. The Alameda California Eligible Directors' Stock Option Plan generally includes multiple types of stock options, each with its own unique features and conditions. Some common types may include: 1. Non-Qualified Stock Options (Nests): These options give directors the right to buy company shares at a predetermined price, known as the strike price. Nests are typically more flexible than other types of options but do not receive beneficial tax treatment. 2. Incentive Stock Options (SOS): SOS are a specific type of stock option that provides potentially favorable tax treatment for directors. To qualify as SOS, certain conditions must be met, such as a limit on the number of shares that can be granted and a minimum holding period before selling the acquired shares. 3. Restricted Stock Units (RSS): RSS are an alternative form of equity compensation, where directors receive the promise of shares at a future date, upon meeting certain vesting criteria. Unlike stock options, RSS do not require upfront purchases, instead granting directors the right to receive shares in the future based on the plan's terms. 4. Performance-Based Stock Options: These options are contingent on achieving specific performance targets or milestones set by the company. Directors must fulfill these predetermined goals to exercise these options and purchase company shares at the strike price. The Alameda California Eligible Directors' Stock Option Plan of Kyle Electronics aims to attract experienced directors, retain their services, and motivate them to contribute to the long-term success of the company. By offering equity-based incentives, Kyle Electronics seeks to align the interests of directors and shareholders, driving value creation and ensuring the company's continued growth in the dynamic technology industry.

The Alameda California Eligible Directors' Stock Option Plan is a comprehensive program designed by Kyle Electronics to provide its directors with stock options as a form of compensation. This plan aims to incentivize directors by giving them the opportunity to share in the company's financial success and align their interests with those of the shareholders. Under this plan, eligible directors of Kyle Electronics, based in Alameda, California, are granted the right to purchase a specified number of the company's shares at a predetermined price. These stock options typically have a vesting period, during which the director must fulfill certain requirements, such as remaining on the board of directors or achieving specified performance goals, before the options can be exercised. The Alameda California Eligible Directors' Stock Option Plan generally includes multiple types of stock options, each with its own unique features and conditions. Some common types may include: 1. Non-Qualified Stock Options (Nests): These options give directors the right to buy company shares at a predetermined price, known as the strike price. Nests are typically more flexible than other types of options but do not receive beneficial tax treatment. 2. Incentive Stock Options (SOS): SOS are a specific type of stock option that provides potentially favorable tax treatment for directors. To qualify as SOS, certain conditions must be met, such as a limit on the number of shares that can be granted and a minimum holding period before selling the acquired shares. 3. Restricted Stock Units (RSS): RSS are an alternative form of equity compensation, where directors receive the promise of shares at a future date, upon meeting certain vesting criteria. Unlike stock options, RSS do not require upfront purchases, instead granting directors the right to receive shares in the future based on the plan's terms. 4. Performance-Based Stock Options: These options are contingent on achieving specific performance targets or milestones set by the company. Directors must fulfill these predetermined goals to exercise these options and purchase company shares at the strike price. The Alameda California Eligible Directors' Stock Option Plan of Kyle Electronics aims to attract experienced directors, retain their services, and motivate them to contribute to the long-term success of the company. By offering equity-based incentives, Kyle Electronics seeks to align the interests of directors and shareholders, driving value creation and ensuring the company's continued growth in the dynamic technology industry.