Harris Texas Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Harris
• 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 Harris Texas Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation and benefit program designed specifically for eligible directors of the company based in the state of Texas. This plan offers directors the opportunity to acquire stock options in order to align their interests with the long-term goals and success of the company. Under the Harris Texas Eligible Directors' Stock Option Plan, eligible directors are granted the right to purchase a certain number of shares of Kyle Electronics' common stock at a predetermined price, known as the exercise price. These stock options typically have a vesting period, which means that directors can exercise their options only after a specified period has elapsed, often with incremental vesting over multiple years. One type of Harris Texas Eligible Directors' Stock Option Plan offered by Kyle Electronics is the Non-Qualified Stock Option (NO) plan. This type of stock option plan provides eligible directors with the ability to purchase company stock at a predetermined price and offers potential tax advantages. It allows directors to exercise their options at any time after they have vested, regardless of whether the stock has increased in value since the grant date. Another type of Harris Texas Eligible Directors' Stock Option Plan is the Incentive Stock Option (ISO) plan. This type of stock option grants eligible directors the right to purchase company stock at a specific price, usually below the fair market value at the time of grant. ISO plans offer potential tax advantages, as the gains realized from exercising the options may be taxed at the lower capital gains rate rather than ordinary income tax rates. The Harris Texas Eligible Directors' Stock Option Plan of Kyle Electronics aims to provide a competitive and attractive compensation package to eligible directors, allowing them to share in the company's success and align their interests with those of the shareholders. Through stock options, directors have the opportunity to increase their ownership stake in the company, which can further incentivize them to make strategic decisions that drive the company's growth and profitability.

The Harris Texas Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation and benefit program designed specifically for eligible directors of the company based in the state of Texas. This plan offers directors the opportunity to acquire stock options in order to align their interests with the long-term goals and success of the company. Under the Harris Texas Eligible Directors' Stock Option Plan, eligible directors are granted the right to purchase a certain number of shares of Kyle Electronics' common stock at a predetermined price, known as the exercise price. These stock options typically have a vesting period, which means that directors can exercise their options only after a specified period has elapsed, often with incremental vesting over multiple years. One type of Harris Texas Eligible Directors' Stock Option Plan offered by Kyle Electronics is the Non-Qualified Stock Option (NO) plan. This type of stock option plan provides eligible directors with the ability to purchase company stock at a predetermined price and offers potential tax advantages. It allows directors to exercise their options at any time after they have vested, regardless of whether the stock has increased in value since the grant date. Another type of Harris Texas Eligible Directors' Stock Option Plan is the Incentive Stock Option (ISO) plan. This type of stock option grants eligible directors the right to purchase company stock at a specific price, usually below the fair market value at the time of grant. ISO plans offer potential tax advantages, as the gains realized from exercising the options may be taxed at the lower capital gains rate rather than ordinary income tax rates. The Harris Texas Eligible Directors' Stock Option Plan of Kyle Electronics aims to provide a competitive and attractive compensation package to eligible directors, allowing them to share in the company's success and align their interests with those of the shareholders. Through stock options, directors have the opportunity to increase their ownership stake in the company, which can further incentivize them to make strategic decisions that drive the company's growth and profitability.