Mecklenburg North Carolina Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive and enticing executive compensation program offered to eligible directors of the company headquartered in Mecklenburg County, North Carolina. This plan aims to reward and incentivize directors for their valuable contributions and dedication towards the company's growth and success. Under this stock option plan, eligible directors are granted the opportunity to purchase company shares at a specified price, known as the exercise price, for a predetermined period. These options typically have a vesting period, during which the director must fulfill certain conditions, such as remaining on the board for a specific duration or achieving predetermined performance targets. One possible type of Mecklenburg North Carolina Eligible Directors' Stock Option Plan within Kyle Electronics could be the Non-Qualified Stock Option (NO) plan. This type of plan allows eligible directors to purchase company shares at a set price, regardless of whether the exercise price is higher or lower than the market price when the option is exercised. NO plans offer more flexibility and are not subject to certain tax advantages associated with other types of stock option plans. Another potential type of stock option plan is the Incentive Stock Option (ISO) plan. ISO plans provide eligible directors with the opportunity to purchase company shares at a favorable exercise price, often lower than the market price at the time of the grant. However, to qualify for the beneficial tax treatment associated with SOS, directors must meet specific requirements set by the Internal Revenue Service (IRS), including holding the shares for a minimum period after exercising the options. Other variations of Mecklenburg North Carolina Eligible Directors' Stock Option Plan may also exist to cater to the unique needs and circumstances of Kyle Electronics and its eligible directors. In conclusion, Mecklenburg North Carolina Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation plan designed to reward and motivate eligible directors. This plan offers various types of stock option arrangements, such as Non-Qualified Stock Options (NO) and Incentive Stock Options (ISO), to align the interests of directors with those of the company and maximize shareholder value.

Mecklenburg North Carolina Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive and enticing executive compensation program offered to eligible directors of the company headquartered in Mecklenburg County, North Carolina. This plan aims to reward and incentivize directors for their valuable contributions and dedication towards the company's growth and success. Under this stock option plan, eligible directors are granted the opportunity to purchase company shares at a specified price, known as the exercise price, for a predetermined period. These options typically have a vesting period, during which the director must fulfill certain conditions, such as remaining on the board for a specific duration or achieving predetermined performance targets. One possible type of Mecklenburg North Carolina Eligible Directors' Stock Option Plan within Kyle Electronics could be the Non-Qualified Stock Option (NO) plan. This type of plan allows eligible directors to purchase company shares at a set price, regardless of whether the exercise price is higher or lower than the market price when the option is exercised. NO plans offer more flexibility and are not subject to certain tax advantages associated with other types of stock option plans. Another potential type of stock option plan is the Incentive Stock Option (ISO) plan. ISO plans provide eligible directors with the opportunity to purchase company shares at a favorable exercise price, often lower than the market price at the time of the grant. However, to qualify for the beneficial tax treatment associated with SOS, directors must meet specific requirements set by the Internal Revenue Service (IRS), including holding the shares for a minimum period after exercising the options. Other variations of Mecklenburg North Carolina Eligible Directors' Stock Option Plan may also exist to cater to the unique needs and circumstances of Kyle Electronics and its eligible directors. In conclusion, Mecklenburg North Carolina Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation plan designed to reward and motivate eligible directors. This plan offers various types of stock option arrangements, such as Non-Qualified Stock Options (NO) and Incentive Stock Options (ISO), to align the interests of directors with those of the company and maximize shareholder value.