Fairfax Virginia Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fairfax
• 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 Fairfax Virginia Eligible Directors' Stock Option Plan of Kyle Electronics is a compensation program designed specifically for directors who serve on the board of Kyle Electronics in Fairfax, Virginia. This plan offers eligible directors the opportunity to acquire stock options as part of their overall compensation package. Under this plan, eligible directors are granted the right to purchase a certain number of shares of Kyle Electronics' stock at a predetermined price, known as the exercise price. This exercise price is typically set at the fair market value of the stock on the date of grant, ensuring that directors have the opportunity to potentially profit from any increase in the company's stock price. The Fairfax Virginia Eligible Directors' Stock Option Plan of Kyle Electronics is generally structured with various types of stock options. These can include: 1. Non-Qualified Stock Options (Nests): These options grant directors the right to purchase shares of Kyle Electronics' stock at a predetermined price, but they do not offer any special tax advantages. Directors may exercise these options at any time after they vest, regardless of the stock's performance. 2. Incentive Stock Options (SOS): These options, often offered to directors in addition to Nests, provide potentially more favorable tax treatment. SOS have certain requirements that must be met, such as holding the shares for a specific period of time after exercise. Directors benefit from potential capital gains tax advantages if they meet these requirements. 3. Performance Stock Options/Restricted Stock Units (SOS/RSS): These options are tied to specific performance goals or conditions set by the company. Directors can receive these options as part of their compensation package, but they must meet the established performance targets to exercise them fully. 4. Stock Appreciation Rights (SARS): While not technically stock options, SARS are often included within the Fairfax Virginia Eligible Directors' Stock Option Plan. They give directors the right to receive the appreciation in the value of Kyle Electronics' stock between the grant date and the exercise date. Overall, the Fairfax Virginia Eligible Directors' Stock Option Plan of Kyle Electronics aims to incentivize and reward directors for their contributions to the company's growth and success. These stock options can provide an additional form of compensation that aligns the interests of the directors with those of the shareholders, fostering long-term commitment and performance.

Fairfax Virginia Eligible Directors' Stock Option Plan of Kyle Electronics is a compensation program designed specifically for directors who serve on the board of Kyle Electronics in Fairfax, Virginia. This plan offers eligible directors the opportunity to acquire stock options as part of their overall compensation package. Under this plan, eligible directors are granted the right to purchase a certain number of shares of Kyle Electronics' stock at a predetermined price, known as the exercise price. This exercise price is typically set at the fair market value of the stock on the date of grant, ensuring that directors have the opportunity to potentially profit from any increase in the company's stock price. The Fairfax Virginia Eligible Directors' Stock Option Plan of Kyle Electronics is generally structured with various types of stock options. These can include: 1. Non-Qualified Stock Options (Nests): These options grant directors the right to purchase shares of Kyle Electronics' stock at a predetermined price, but they do not offer any special tax advantages. Directors may exercise these options at any time after they vest, regardless of the stock's performance. 2. Incentive Stock Options (SOS): These options, often offered to directors in addition to Nests, provide potentially more favorable tax treatment. SOS have certain requirements that must be met, such as holding the shares for a specific period of time after exercise. Directors benefit from potential capital gains tax advantages if they meet these requirements. 3. Performance Stock Options/Restricted Stock Units (SOS/RSS): These options are tied to specific performance goals or conditions set by the company. Directors can receive these options as part of their compensation package, but they must meet the established performance targets to exercise them fully. 4. Stock Appreciation Rights (SARS): While not technically stock options, SARS are often included within the Fairfax Virginia Eligible Directors' Stock Option Plan. They give directors the right to receive the appreciation in the value of Kyle Electronics' stock between the grant date and the exercise date. Overall, the Fairfax Virginia Eligible Directors' Stock Option Plan of Kyle Electronics aims to incentivize and reward directors for their contributions to the company's growth and success. These stock options can provide an additional form of compensation that aligns the interests of the directors with those of the shareholders, fostering long-term commitment and performance.