Contra Costa California Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa California Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to incentivize and reward directors for their dedication and contribution to the company's success. This plan offers eligible directors the opportunity to purchase company stock at a predetermined price, providing them with potential financial gains in the future. One of the key features of the Contra Costa California Eligible Directors' Stock Option Plan is its flexibility. Directors can choose when to exercise their options, allowing them to take advantage of favorable market conditions or align their stock purchases with company milestones and achievements. This flexibility empowers the directors to optimize their investment and capitalize on opportunities for wealth accumulation. In addition to its flexibility, the Contra Costa California Eligible Directors' Stock Option Plan also provides directors with a sense of ownership and alignment with the company's long-term goals. By granting the option to purchase company stock, this plan encourages directors to actively participate in decision-making processes, attend board meetings, and contribute their expertise towards driving the company's growth and profitability. The plan's eligibility criteria ensure that only qualified directors can participate, safeguarding the company's interests and aligning the program with the strategic objectives of Kyle Electronics. Directors who meet the predefined requirements are deemed eligible and can take advantage of the stock option plan to deepen their commitment to the company's success. While there may be variations or different iterations of the Contra Costa California Eligible Directors' Stock Option Plan at Kyle Electronics, they usually fall under similar principles and guidelines. Some potential types of this plan may include the Non-Qualified Stock Option Plan, the Incentive Stock Option Plan, and the Restricted Stock Option Plan. Each of these plans may have slightly different terms and conditions, providing directors with flexibility and alternatives tailored to their specific needs and circumstances. In summary, the Contra Costa California Eligible Directors' Stock Option Plan at Kyle Electronics is a comprehensive and well-designed program that aims to reward and motivate directors while aligning their interests with the company's long-term success. With its flexibility, eligibility criteria, and potential variations, this stock option plan offers directors a valuable opportunity to participate in the company's growth and maximize their financial gains.

The Contra Costa California Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed to incentivize and reward directors for their dedication and contribution to the company's success. This plan offers eligible directors the opportunity to purchase company stock at a predetermined price, providing them with potential financial gains in the future. One of the key features of the Contra Costa California Eligible Directors' Stock Option Plan is its flexibility. Directors can choose when to exercise their options, allowing them to take advantage of favorable market conditions or align their stock purchases with company milestones and achievements. This flexibility empowers the directors to optimize their investment and capitalize on opportunities for wealth accumulation. In addition to its flexibility, the Contra Costa California Eligible Directors' Stock Option Plan also provides directors with a sense of ownership and alignment with the company's long-term goals. By granting the option to purchase company stock, this plan encourages directors to actively participate in decision-making processes, attend board meetings, and contribute their expertise towards driving the company's growth and profitability. The plan's eligibility criteria ensure that only qualified directors can participate, safeguarding the company's interests and aligning the program with the strategic objectives of Kyle Electronics. Directors who meet the predefined requirements are deemed eligible and can take advantage of the stock option plan to deepen their commitment to the company's success. While there may be variations or different iterations of the Contra Costa California Eligible Directors' Stock Option Plan at Kyle Electronics, they usually fall under similar principles and guidelines. Some potential types of this plan may include the Non-Qualified Stock Option Plan, the Incentive Stock Option Plan, and the Restricted Stock Option Plan. Each of these plans may have slightly different terms and conditions, providing directors with flexibility and alternatives tailored to their specific needs and circumstances. In summary, the Contra Costa California Eligible Directors' Stock Option Plan at Kyle Electronics is a comprehensive and well-designed program that aims to reward and motivate directors while aligning their interests with the company's long-term success. With its flexibility, eligibility criteria, and potential variations, this stock option plan offers directors a valuable opportunity to participate in the company's growth and maximize their financial gains.