Bronx New York Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bronx
• 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 Bronx, New York, is a vibrant borough located in the heart of New York City. It is home to Kyle Electronics, a renowned company that offers an exciting opportunity for its directors through the Bronx New York Eligible Directors' Stock Option Plan. This unique plan provides eligible directors with the chance to acquire company stock options, allowing them to participate in the company's growth and success. The Bronx New York Eligible Directors' Stock Option Plan of Kyle Electronics is designed to incentivize and reward directors for their contributions to the company's performance. By offering stock options, Kyle Electronics provides an additional financial benefit to directors, beyond their regular compensation. These stock options provide directors with the right to purchase company shares at a predetermined price, known as the exercise price. The plan offers various types of stock options to eligible directors of Kyle Electronics. The first type is the Non-Qualified Stock Option (NO), which provides directors with the flexibility to exercise their options at their discretion. Nests are subject to ordinary income tax upon exercise, based on the value of the stock on the exercise date. The second type of stock option available under the plan is the Incentive Stock Option (ISO). Unlike Nests, SOS come with specific tax advantages. If certain requirements are met, directors may be able to receive favorable tax treatment when exercising their options. SOS have certain limitations regarding eligibility, exercise price, and exercise period, making them a valuable option for eligible directors at Kyle Electronics. Lastly, the plan also includes Restricted Stock Units (RSS) as an alternative to traditional stock options. RSS represents the right to receive company stock upon meeting specific vesting conditions, such as the completion of a certain number of years of service or the attainment of predetermined performance goals. RSS provide directors with an ownership stake in Kyle Electronics once the vesting requirements are met. Through the Bronx New York Eligible Directors' Stock Option Plan, Kyle Electronics demonstrates its commitment to attracting and retaining talented directors. By offering a range of stock options, including Nests, SOS, and RSS, Kyle Electronics ensures that its eligible directors have opportunities to align their interests with the company's long-term goals. This plan serves as a valuable tool for Kyle Electronics to recognize and reward the dedication and commitment of its directors, ultimately driving the company's growth and success in the competitive market.

The Bronx, New York, is a vibrant borough located in the heart of New York City. It is home to Kyle Electronics, a renowned company that offers an exciting opportunity for its directors through the Bronx New York Eligible Directors' Stock Option Plan. This unique plan provides eligible directors with the chance to acquire company stock options, allowing them to participate in the company's growth and success. The Bronx New York Eligible Directors' Stock Option Plan of Kyle Electronics is designed to incentivize and reward directors for their contributions to the company's performance. By offering stock options, Kyle Electronics provides an additional financial benefit to directors, beyond their regular compensation. These stock options provide directors with the right to purchase company shares at a predetermined price, known as the exercise price. The plan offers various types of stock options to eligible directors of Kyle Electronics. The first type is the Non-Qualified Stock Option (NO), which provides directors with the flexibility to exercise their options at their discretion. Nests are subject to ordinary income tax upon exercise, based on the value of the stock on the exercise date. The second type of stock option available under the plan is the Incentive Stock Option (ISO). Unlike Nests, SOS come with specific tax advantages. If certain requirements are met, directors may be able to receive favorable tax treatment when exercising their options. SOS have certain limitations regarding eligibility, exercise price, and exercise period, making them a valuable option for eligible directors at Kyle Electronics. Lastly, the plan also includes Restricted Stock Units (RSS) as an alternative to traditional stock options. RSS represents the right to receive company stock upon meeting specific vesting conditions, such as the completion of a certain number of years of service or the attainment of predetermined performance goals. RSS provide directors with an ownership stake in Kyle Electronics once the vesting requirements are met. Through the Bronx New York Eligible Directors' Stock Option Plan, Kyle Electronics demonstrates its commitment to attracting and retaining talented directors. By offering a range of stock options, including Nests, SOS, and RSS, Kyle Electronics ensures that its eligible directors have opportunities to align their interests with the company's long-term goals. This plan serves as a valuable tool for Kyle Electronics to recognize and reward the dedication and commitment of its directors, ultimately driving the company's growth and success in the competitive market.