Chicago Illinois Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Chicago
• 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 Chicago Illinois Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to provide eligible directors of the company with an opportunity to participate in the company's success by granting them stock options. Under this plan, eligible directors are granted the right to purchase a specified number of shares of Kyle Electronics' stock at a predetermined price, known as the exercise price, within a specified time frame. The aim of the Chicago Illinois Eligible Directors' Stock Option Plan is to align the interests of the directors with the company's shareholders and to incentivize them to contribute to the long-term growth and profitability of Kyle Electronics. By providing directors with the opportunity to acquire stock options, the company aims to attract and retain qualified individuals who can contribute to its strategic decision-making process and overall success. There may be different types or variations of the Chicago Illinois Eligible Directors' Stock Option Plan, tailored to suit the specific needs and requirements of the company. Some possible variations of the plan could include: 1. Performance-based stock options: In addition to the regular stock options, eligible directors may have the opportunity to earn additional stock options based on the company's performance metrics. These metrics could include financial performance, sales growth, market share, or other predetermined performance targets. 2. Restricted stock units (RSS): Instead of traditional stock options, the plan may offer eligible directors the option to receive RSS. RSS represents the right to receive a specific number of shares of Kyle Electronics' stock at a future date, subject to certain vesting conditions. RSS are commonly used as an alternative to stock options, especially in cases where the company wants to provide a more immediate stock ownership benefit. 3. Stock appreciation rights (SARS): This type of stock option plan allows eligible directors to receive the appreciation in the value of Kyle Electronics' stock between the grant date and the exercise date, without having to purchase the actual shares. SARS give directors the opportunity to gain from the growth in the company's stock price without the need for upfront capital investment. It's important to note that the specific terms, conditions, and features of the Chicago Illinois Eligible Directors' Stock Option Plan of Kyle Electronics may vary and should be clearly outlined in the plan documentation provided to eligible directors. This description provides a general overview of the plan, but it is advisable to refer to the official plan documents or consult with legal and financial professionals for accurate and up-to-date details.

The Chicago Illinois Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to provide eligible directors of the company with an opportunity to participate in the company's success by granting them stock options. Under this plan, eligible directors are granted the right to purchase a specified number of shares of Kyle Electronics' stock at a predetermined price, known as the exercise price, within a specified time frame. The aim of the Chicago Illinois Eligible Directors' Stock Option Plan is to align the interests of the directors with the company's shareholders and to incentivize them to contribute to the long-term growth and profitability of Kyle Electronics. By providing directors with the opportunity to acquire stock options, the company aims to attract and retain qualified individuals who can contribute to its strategic decision-making process and overall success. There may be different types or variations of the Chicago Illinois Eligible Directors' Stock Option Plan, tailored to suit the specific needs and requirements of the company. Some possible variations of the plan could include: 1. Performance-based stock options: In addition to the regular stock options, eligible directors may have the opportunity to earn additional stock options based on the company's performance metrics. These metrics could include financial performance, sales growth, market share, or other predetermined performance targets. 2. Restricted stock units (RSS): Instead of traditional stock options, the plan may offer eligible directors the option to receive RSS. RSS represents the right to receive a specific number of shares of Kyle Electronics' stock at a future date, subject to certain vesting conditions. RSS are commonly used as an alternative to stock options, especially in cases where the company wants to provide a more immediate stock ownership benefit. 3. Stock appreciation rights (SARS): This type of stock option plan allows eligible directors to receive the appreciation in the value of Kyle Electronics' stock between the grant date and the exercise date, without having to purchase the actual shares. SARS give directors the opportunity to gain from the growth in the company's stock price without the need for upfront capital investment. It's important to note that the specific terms, conditions, and features of the Chicago Illinois Eligible Directors' Stock Option Plan of Kyle Electronics may vary and should be clearly outlined in the plan documentation provided to eligible directors. This description provides a general overview of the plan, but it is advisable to refer to the official plan documents or consult with legal and financial professionals for accurate and up-to-date details.