Allegheny Pennsylvania Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Allegheny
• 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 Allegheny Pennsylvania Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to offer stock options to eligible directors of the company based in Allegheny, Pennsylvania. This plan provides an opportunity for directors to acquire and own company shares at a predetermined price, allowing them to participate in the company's growth potential. Under this stock option plan, eligible directors are granted the right to purchase a certain number of company shares at a specified exercise price. These options typically have a predetermined vesting period, during which the directors must continue their service on the board to have access to the options. Once vested, directors can exercise their options and purchase company shares. The Allegheny Pennsylvania Eligible Directors' Stock Option Plan is designed to align the interests of directors with those of shareholders, as it incentivizes them to work towards the company's long-term success. By offering stock options, Kyle Electronics aims to attract and retain experienced and motivated directors who are committed to driving the company's growth and maximizing shareholder value. This stock option plan may have different types or variations, based on the specific terms and conditions set by Kyle Electronics. Some potential types of the Allegheny Pennsylvania Eligible Directors' Stock Option Plan could include: 1. General Stock Option Plan: This type allows eligible directors to acquire company shares at a predetermined price, typically with a vesting period. 2. Performance-Based Stock Option Plan: This variation may have additional performance criteria that must be met for the options to vest or be exercised. It aligns the directors' incentives with specific performance targets, such as revenue growth, profitability, or achieving certain strategic milestones. 3. Restricted Stock Option Plan: Under this type, directors cannot immediately sell or transfer the acquired shares for a certain period of time. This encourages directors to remain committed to the company's success and long-term vision. 4. Incentive Stock Option Plan: This type may provide tax advantages to directors, as the gains from exercising options are eligible for favorable tax treatment. In conclusion, the Allegheny Pennsylvania Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program that provides eligible directors with stock options to align their interests with those of the company's shareholders. It offers various types or variations of stock option plans to cater to different objectives and circumstances.

The Allegheny Pennsylvania Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to offer stock options to eligible directors of the company based in Allegheny, Pennsylvania. This plan provides an opportunity for directors to acquire and own company shares at a predetermined price, allowing them to participate in the company's growth potential. Under this stock option plan, eligible directors are granted the right to purchase a certain number of company shares at a specified exercise price. These options typically have a predetermined vesting period, during which the directors must continue their service on the board to have access to the options. Once vested, directors can exercise their options and purchase company shares. The Allegheny Pennsylvania Eligible Directors' Stock Option Plan is designed to align the interests of directors with those of shareholders, as it incentivizes them to work towards the company's long-term success. By offering stock options, Kyle Electronics aims to attract and retain experienced and motivated directors who are committed to driving the company's growth and maximizing shareholder value. This stock option plan may have different types or variations, based on the specific terms and conditions set by Kyle Electronics. Some potential types of the Allegheny Pennsylvania Eligible Directors' Stock Option Plan could include: 1. General Stock Option Plan: This type allows eligible directors to acquire company shares at a predetermined price, typically with a vesting period. 2. Performance-Based Stock Option Plan: This variation may have additional performance criteria that must be met for the options to vest or be exercised. It aligns the directors' incentives with specific performance targets, such as revenue growth, profitability, or achieving certain strategic milestones. 3. Restricted Stock Option Plan: Under this type, directors cannot immediately sell or transfer the acquired shares for a certain period of time. This encourages directors to remain committed to the company's success and long-term vision. 4. Incentive Stock Option Plan: This type may provide tax advantages to directors, as the gains from exercising options are eligible for favorable tax treatment. In conclusion, the Allegheny Pennsylvania Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program that provides eligible directors with stock options to align their interests with those of the company's shareholders. It offers various types or variations of stock option plans to cater to different objectives and circumstances.