King Washington Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: King
• 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 King Washington Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program that aims to attract and retain top-tier directors by offering them stock options. This plan is specifically designed for eligible directors of Kyle Electronics and provides numerous benefits and incentives to enhance their commitment and loyalty to the company. Under this stock option plan, eligible directors are granted the opportunity to purchase a specified 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 must fulfill certain conditions, such as serving a specific period of time on the board or achieving certain performance targets, before they can exercise their options. The King Washington Eligible Directors' Stock Option Plan of Kyle Electronics is divided into several types, each offering different features and benefits to suit the varying needs of eligible directors. Some notable types of stock option plans within this program include: 1. Standard Stock Option Plan: This type offers eligible directors the right to purchase a specific number of shares at a fixed exercise price, typically within a predetermined period. The board of directors sets the terms and conditions for these options, such as vesting schedule and expiration date. 2. Incentive Stock Option Plan: This option provides eligible directors with more favorable tax treatment than other types of stock options. It allows directors to purchase shares at a predetermined exercise price, typically below the market price at the time of grant. However, specific IRS rules and limitations apply to this type of stock option. 3. Non-Qualified Stock Option Plan: This plan serves as an alternative to incentive stock options and offers more flexibility. It allows eligible directors to purchase shares at a predetermined exercise price, but they may not receive the same advantageous tax treatment. The King Washington Eligible Directors' Stock Option Plan of Kyle Electronics highlights the company's commitment to aligning the interests of its directors with the long-term success of the business. By providing eligible directors with the option to purchase company stock at a predetermined price, this plan aims to incentivize their active participation, decision-making, and dedication to driving the company's growth and shareholder value.

The King Washington Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program that aims to attract and retain top-tier directors by offering them stock options. This plan is specifically designed for eligible directors of Kyle Electronics and provides numerous benefits and incentives to enhance their commitment and loyalty to the company. Under this stock option plan, eligible directors are granted the opportunity to purchase a specified 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 must fulfill certain conditions, such as serving a specific period of time on the board or achieving certain performance targets, before they can exercise their options. The King Washington Eligible Directors' Stock Option Plan of Kyle Electronics is divided into several types, each offering different features and benefits to suit the varying needs of eligible directors. Some notable types of stock option plans within this program include: 1. Standard Stock Option Plan: This type offers eligible directors the right to purchase a specific number of shares at a fixed exercise price, typically within a predetermined period. The board of directors sets the terms and conditions for these options, such as vesting schedule and expiration date. 2. Incentive Stock Option Plan: This option provides eligible directors with more favorable tax treatment than other types of stock options. It allows directors to purchase shares at a predetermined exercise price, typically below the market price at the time of grant. However, specific IRS rules and limitations apply to this type of stock option. 3. Non-Qualified Stock Option Plan: This plan serves as an alternative to incentive stock options and offers more flexibility. It allows eligible directors to purchase shares at a predetermined exercise price, but they may not receive the same advantageous tax treatment. The King Washington Eligible Directors' Stock Option Plan of Kyle Electronics highlights the company's commitment to aligning the interests of its directors with the long-term success of the business. By providing eligible directors with the option to purchase company stock at a predetermined price, this plan aims to incentivize their active participation, decision-making, and dedication to driving the company's growth and shareholder value.