Cook Illinois Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cook
• 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 Cook Illinois Eligible Directors' Stock Option Plan is a comprehensive compensation program offered by Kyle Electronics to its eligible directors. This plan aims to provide additional incentives to directors by granting them stock options based on their performance and contribution to the company's growth. Under the Cook Illinois Eligible Directors' Stock Option Plan, directors have the opportunity to acquire stock options that give them the right to purchase shares of Kyle Electronics at a predetermined exercise price. These stock options are typically granted as part of the director's remuneration package and serve as a means to align their interests with those of the shareholders. This stock option plan is designed to motivate and reward directors for their continuous commitment and dedication towards advancing the company's objectives. By tying a portion of their compensation to the company's performance, the plan encourages directors to actively participate in decision-making processes and contribute their expertise to drive Kyle Electronics' success. The Cook Illinois Eligible Directors' Stock Option Plan of Kyle Electronics may include various types of stock options, such as: 1. Non-Qualified Stock Options (Nests): These are stock options that do not meet the requirements of certain tax-related regulations. Nests provide directors with the flexibility to exercise their options at any time, regardless of the market price of Kyle Electronics' shares. 2. Incentive Stock Options (SOS): SOS are a type of stock option that meets specific criteria set by the Internal Revenue Service (IRS). These options offer potential tax advantages to directors if specific holding period and exercise conditions are met, making them an attractive component of executive compensation packages. 3. Restricted Stock Units (RSS): While not technically stock options, RSS are often included within stock option plans. RSS represents a promise to deliver shares in the future, typically subject to certain vesting conditions. Once the conditions are met, the director receives the underlying shares of Kyle Electronics' stock. 4. Performance Stock Options: These stock options are granted based on the achievement of predetermined performance goals or milestones. Directors must meet specified targets for the options to vest and become exercisable. Performance stock options incentivize directors to contribute to the company's growth and success by linking their compensation directly to predefined performance objectives. The Cook Illinois Eligible Directors' Stock Option Plan is a valuable component of Kyle Electronics' overall compensation strategy, designed to attract and retain experienced and talented directors. It aligns the interests of directors and shareholders, fostering a sense of ownership and incentivizing directors to contribute towards the company's long-term growth and profitability.

The Cook Illinois Eligible Directors' Stock Option Plan is a comprehensive compensation program offered by Kyle Electronics to its eligible directors. This plan aims to provide additional incentives to directors by granting them stock options based on their performance and contribution to the company's growth. Under the Cook Illinois Eligible Directors' Stock Option Plan, directors have the opportunity to acquire stock options that give them the right to purchase shares of Kyle Electronics at a predetermined exercise price. These stock options are typically granted as part of the director's remuneration package and serve as a means to align their interests with those of the shareholders. This stock option plan is designed to motivate and reward directors for their continuous commitment and dedication towards advancing the company's objectives. By tying a portion of their compensation to the company's performance, the plan encourages directors to actively participate in decision-making processes and contribute their expertise to drive Kyle Electronics' success. The Cook Illinois Eligible Directors' Stock Option Plan of Kyle Electronics may include various types of stock options, such as: 1. Non-Qualified Stock Options (Nests): These are stock options that do not meet the requirements of certain tax-related regulations. Nests provide directors with the flexibility to exercise their options at any time, regardless of the market price of Kyle Electronics' shares. 2. Incentive Stock Options (SOS): SOS are a type of stock option that meets specific criteria set by the Internal Revenue Service (IRS). These options offer potential tax advantages to directors if specific holding period and exercise conditions are met, making them an attractive component of executive compensation packages. 3. Restricted Stock Units (RSS): While not technically stock options, RSS are often included within stock option plans. RSS represents a promise to deliver shares in the future, typically subject to certain vesting conditions. Once the conditions are met, the director receives the underlying shares of Kyle Electronics' stock. 4. Performance Stock Options: These stock options are granted based on the achievement of predetermined performance goals or milestones. Directors must meet specified targets for the options to vest and become exercisable. Performance stock options incentivize directors to contribute to the company's growth and success by linking their compensation directly to predefined performance objectives. The Cook Illinois Eligible Directors' Stock Option Plan is a valuable component of Kyle Electronics' overall compensation strategy, designed to attract and retain experienced and talented directors. It aligns the interests of directors and shareholders, fostering a sense of ownership and incentivizing directors to contribute towards the company's long-term growth and profitability.