Los Angeles California Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Los Angeles
• 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 Los Angeles California Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed specifically for eligible directors of the company based in Los Angeles, California. This plan aims to provide directors with stock options as a form of financial incentive and reward for their contributions to the company's growth and success. Under this plan, eligible directors are granted the opportunity to purchase a specified number of company shares at a predetermined price within a designated timeframe. This allows directors to benefit from any potential increase in the company's stock value over time. The stock options serve as a way to align directors' interests with those of the shareholders, encouraging them to actively participate in driving the company's long-term performance and shareholder value. The Los Angeles California Eligible Directors' Stock Option Plan may encompass various types based on different parameters or conditions set by Kyle Electronics. These variations can include: 1. Standard Stock Option Plan: The basic type of stock option plan that grants eligible directors the right to purchase company shares at a predetermined price within a specific period. 2. Performance-based Stock Option Plan: This type of plan ties the stock option grants to specific performance targets or milestones, such as achieving revenue goals or increasing market share. Directors can earn additional stock options if the company meets or exceeds these predetermined performance measures. 3. Restricted Stock Option Plan: A plan that imposes certain restrictions on the stock options granted to eligible directors. These restrictions can include a vesting period where the options are not immediately exercisable, providing an incentive for directors to continue their service with the company. 4. Non-Qualified Stock Option Plan: This type of plan involves stock options that do not meet the criteria set by the Internal Revenue Service (IRS) to be considered as "incentive stock options." Non-qualified stock options may have different tax implications for eligible directors. Overall, the Los Angeles California Eligible Directors' Stock Option Plan of Kyle Electronics aims to attract and retain talented directors by offering them an opportunity to share in the company's success and align their interests with that of the shareholders. It serves as a key component of the company's corporate governance structure, strengthening the relationship between directors and the company's overall performance.

The Los Angeles California Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed specifically for eligible directors of the company based in Los Angeles, California. This plan aims to provide directors with stock options as a form of financial incentive and reward for their contributions to the company's growth and success. Under this plan, eligible directors are granted the opportunity to purchase a specified number of company shares at a predetermined price within a designated timeframe. This allows directors to benefit from any potential increase in the company's stock value over time. The stock options serve as a way to align directors' interests with those of the shareholders, encouraging them to actively participate in driving the company's long-term performance and shareholder value. The Los Angeles California Eligible Directors' Stock Option Plan may encompass various types based on different parameters or conditions set by Kyle Electronics. These variations can include: 1. Standard Stock Option Plan: The basic type of stock option plan that grants eligible directors the right to purchase company shares at a predetermined price within a specific period. 2. Performance-based Stock Option Plan: This type of plan ties the stock option grants to specific performance targets or milestones, such as achieving revenue goals or increasing market share. Directors can earn additional stock options if the company meets or exceeds these predetermined performance measures. 3. Restricted Stock Option Plan: A plan that imposes certain restrictions on the stock options granted to eligible directors. These restrictions can include a vesting period where the options are not immediately exercisable, providing an incentive for directors to continue their service with the company. 4. Non-Qualified Stock Option Plan: This type of plan involves stock options that do not meet the criteria set by the Internal Revenue Service (IRS) to be considered as "incentive stock options." Non-qualified stock options may have different tax implications for eligible directors. Overall, the Los Angeles California Eligible Directors' Stock Option Plan of Kyle Electronics aims to attract and retain talented directors by offering them an opportunity to share in the company's success and align their interests with that of the shareholders. It serves as a key component of the company's corporate governance structure, strengthening the relationship between directors and the company's overall performance.