Collin Texas Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed specifically for directors eligible to participate in the plan based in Collin, Texas. This stock option plan aims to provide directors with the opportunity to acquire company stock, aligning their interests with those of shareholders while fostering long-term commitment and loyalty. Through the Collin Texas Eligible Directors' Stock Option Plan, directors are granted the right to purchase a specific number of shares at a predetermined price, known as the exercise price. This allows directors to potentially benefit from any appreciation in the company's stock price over time. The plan offers a variety of options to directors, tailored to their individual needs and preferences. There are several types of Collin Texas Eligible Directors' Stock Option Plans that Kyle Electronics may offer. These include: 1. Non-Qualified Stock Options (NO): Non-qualified stock options provide flexibility to eligible directors, allowing them to purchase company shares at a predetermined price within a specified period. Directors exercise these options at their discretion, subject to any applicable vesting requirements. 2. Incentive Stock Options (ISO): Incentive stock options are a tax-advantaged form of stock option plan offered to eligible directors. These options must comply with certain IRS regulations, such as being granted at or above fair market value. SOS provide potential tax benefits upon exercise but may come with specific holding requirements to qualify for favorable tax treatment. 3. Restricted Stock Units (RSS): RSS are a type of equity-based compensation plan where eligible directors receive a unit or promise to receive company stock in the future. RSS may vest over a specified period, typically subject to continued service on the board. Once vested, directors are entitled to receive the equivalent value of the company's stock. 4. Performance-Based Stock Options: Performance-based stock options link the value of the option grants to specified performance targets, such as financial goals, revenue targets, or stock price performance. Directors become eligible to exercise these options if predetermined performance criteria are met. This type of stock option plan provides directors with added incentives to drive the company's performance. Kyle Electronics prides itself on offering comprehensive and flexible stock option plans to eligible directors in Collin, Texas. These plans not only serve as a valuable retention tool but also reward directors for their contributions towards the company's growth and shareholder value.

The Collin Texas Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed specifically for directors eligible to participate in the plan based in Collin, Texas. This stock option plan aims to provide directors with the opportunity to acquire company stock, aligning their interests with those of shareholders while fostering long-term commitment and loyalty. Through the Collin Texas Eligible Directors' Stock Option Plan, directors are granted the right to purchase a specific number of shares at a predetermined price, known as the exercise price. This allows directors to potentially benefit from any appreciation in the company's stock price over time. The plan offers a variety of options to directors, tailored to their individual needs and preferences. There are several types of Collin Texas Eligible Directors' Stock Option Plans that Kyle Electronics may offer. These include: 1. Non-Qualified Stock Options (NO): Non-qualified stock options provide flexibility to eligible directors, allowing them to purchase company shares at a predetermined price within a specified period. Directors exercise these options at their discretion, subject to any applicable vesting requirements. 2. Incentive Stock Options (ISO): Incentive stock options are a tax-advantaged form of stock option plan offered to eligible directors. These options must comply with certain IRS regulations, such as being granted at or above fair market value. SOS provide potential tax benefits upon exercise but may come with specific holding requirements to qualify for favorable tax treatment. 3. Restricted Stock Units (RSS): RSS are a type of equity-based compensation plan where eligible directors receive a unit or promise to receive company stock in the future. RSS may vest over a specified period, typically subject to continued service on the board. Once vested, directors are entitled to receive the equivalent value of the company's stock. 4. Performance-Based Stock Options: Performance-based stock options link the value of the option grants to specified performance targets, such as financial goals, revenue targets, or stock price performance. Directors become eligible to exercise these options if predetermined performance criteria are met. This type of stock option plan provides directors with added incentives to drive the company's performance. Kyle Electronics prides itself on offering comprehensive and flexible stock option plans to eligible directors in Collin, Texas. These plans not only serve as a valuable retention tool but also reward directors for their contributions towards the company's growth and shareholder value.