Cuyahoga Ohio Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Eligible Directors' Stock Option Plan is a program offered by Kyle Electronics, a company based in Cuyahoga County, Ohio. This plan allows eligible directors to receive stock options as a form of compensation for their service on the company's board. The Cuyahoga Ohio Eligible Directors' Stock Option Plan is designed to incentivize directors by providing them with the opportunity to purchase company stocks at a predetermined price within a specified period. This allows directors to align their interests with those of the shareholders and benefit from the company's growth over time. Under this plan, eligible directors can acquire stock options that grant them the right to purchase company stocks at a predetermined price, known as the exercise price. The exercise price is typically set at or above the current market price of the company's stock at the time of grant. This ensures that directors are incentivized to contribute to the company's growth and success, as the value of their stock options is tied to the company's performance. The Cuyahoga Ohio Eligible Directors' Stock Option Plan of Kyle Electronics may have different types or variations depending on the specific terms and conditions set by the company. These variations may include: 1. Vesting Periods: The plan might have different vesting schedules, where directors earn the right to exercise their stock options over a certain period of time. For example, directors could have a three-year vesting period, meaning they can exercise a portion of their stock options each year over three years. 2. Exercise Period: The plan may specify a timeframe during which directors can exercise their stock options. This could range from a few months to several years, depending on the company's policies. 3. Number of Options Granted: The plan might outline the number of stock options that eligible directors can receive. This could be based on factors such as the director's position, tenure, or contribution to the company. 4. Stock Option Pricing: The plan may establish the method for determining the exercise price of the stock options. This could be based on market trends, the company's financial performance, or other predetermined factors. 5. Stock Option Expiration: The plan might set an expiration date on the stock options, after which they become void if not exercised. This ensures that directors are prompted to make timely decisions regarding their stock options. It is important for eligible directors to thoroughly understand the terms and conditions of the Cuyahoga Ohio Eligible Directors' Stock Option Plan before participating. By doing so, directors can effectively utilize this compensation program to align their interests with the company's growth and shareholder value.

Cuyahoga Ohio Eligible Directors' Stock Option Plan is a program offered by Kyle Electronics, a company based in Cuyahoga County, Ohio. This plan allows eligible directors to receive stock options as a form of compensation for their service on the company's board. The Cuyahoga Ohio Eligible Directors' Stock Option Plan is designed to incentivize directors by providing them with the opportunity to purchase company stocks at a predetermined price within a specified period. This allows directors to align their interests with those of the shareholders and benefit from the company's growth over time. Under this plan, eligible directors can acquire stock options that grant them the right to purchase company stocks at a predetermined price, known as the exercise price. The exercise price is typically set at or above the current market price of the company's stock at the time of grant. This ensures that directors are incentivized to contribute to the company's growth and success, as the value of their stock options is tied to the company's performance. The Cuyahoga Ohio Eligible Directors' Stock Option Plan of Kyle Electronics may have different types or variations depending on the specific terms and conditions set by the company. These variations may include: 1. Vesting Periods: The plan might have different vesting schedules, where directors earn the right to exercise their stock options over a certain period of time. For example, directors could have a three-year vesting period, meaning they can exercise a portion of their stock options each year over three years. 2. Exercise Period: The plan may specify a timeframe during which directors can exercise their stock options. This could range from a few months to several years, depending on the company's policies. 3. Number of Options Granted: The plan might outline the number of stock options that eligible directors can receive. This could be based on factors such as the director's position, tenure, or contribution to the company. 4. Stock Option Pricing: The plan may establish the method for determining the exercise price of the stock options. This could be based on market trends, the company's financial performance, or other predetermined factors. 5. Stock Option Expiration: The plan might set an expiration date on the stock options, after which they become void if not exercised. This ensures that directors are prompted to make timely decisions regarding their stock options. It is important for eligible directors to thoroughly understand the terms and conditions of the Cuyahoga Ohio Eligible Directors' Stock Option Plan before participating. By doing so, directors can effectively utilize this compensation program to align their interests with the company's growth and shareholder value.