Middlesex Massachusetts Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Middlesex
• 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 Middlesex Massachusetts Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed specifically for board members of the company who reside or serve in Middlesex County, Massachusetts. This stock option plan provides eligible directors with the opportunity to acquire company shares at a predetermined price within a specified period. Under this plan, eligible directors are granted stock options, which allow them the right to purchase a specific number of shares at a designated exercise price. These options typically have a vesting period, during which directors need to fulfill specific criteria, such as serving on the board for a certain duration, before they can exercise their options and purchase the shares. The exercise price is typically set at the fair market value of the company's stock on the date of grant. The Middlesex Massachusetts Eligible Directors' Stock Option Plan is designed to align the interests of the directors with those of the shareholders, as it incentivizes the board members to contribute to the growth and success of Kyle Electronics. By granting stock options, the plan encourages directors to make decisions that enhance shareholder value and drive long-term company performance. Different types or variations of the Middlesex Massachusetts Eligible Directors' Stock Option Plan may exist, depending on specific parameters set by Kyle Electronics. These variations can include different vesting schedules, exercise prices, and criteria for eligibility. Additionally, the plan may provide flexibility for directors to exercise their options in stages over a specific period, known as a "graded vesting" plan. The Middlesex Massachusetts Eligible Directors' Stock Option Plan is an important aspect of Kyle Electronics' overall compensation strategy for its board members. It not only rewards directors for their dedicated service and contributions but also ensures that they have a vested interest in the company's success. This incentivization through stock ownership further strengthens the alignment of director's interests with shareholders and reinforces the company's commitment to corporate governance and transparency. Overall, the Middlesex Massachusetts Eligible Directors' Stock Option Plan of Kyle Electronics plays a critical role in attracting and retaining talented individuals to serve on the board, while fostering a sense of ownership and aligning the directors' interests with the long-term goals of the company.

The Middlesex Massachusetts Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive program designed specifically for board members of the company who reside or serve in Middlesex County, Massachusetts. This stock option plan provides eligible directors with the opportunity to acquire company shares at a predetermined price within a specified period. Under this plan, eligible directors are granted stock options, which allow them the right to purchase a specific number of shares at a designated exercise price. These options typically have a vesting period, during which directors need to fulfill specific criteria, such as serving on the board for a certain duration, before they can exercise their options and purchase the shares. The exercise price is typically set at the fair market value of the company's stock on the date of grant. The Middlesex Massachusetts Eligible Directors' Stock Option Plan is designed to align the interests of the directors with those of the shareholders, as it incentivizes the board members to contribute to the growth and success of Kyle Electronics. By granting stock options, the plan encourages directors to make decisions that enhance shareholder value and drive long-term company performance. Different types or variations of the Middlesex Massachusetts Eligible Directors' Stock Option Plan may exist, depending on specific parameters set by Kyle Electronics. These variations can include different vesting schedules, exercise prices, and criteria for eligibility. Additionally, the plan may provide flexibility for directors to exercise their options in stages over a specific period, known as a "graded vesting" plan. The Middlesex Massachusetts Eligible Directors' Stock Option Plan is an important aspect of Kyle Electronics' overall compensation strategy for its board members. It not only rewards directors for their dedicated service and contributions but also ensures that they have a vested interest in the company's success. This incentivization through stock ownership further strengthens the alignment of director's interests with shareholders and reinforces the company's commitment to corporate governance and transparency. Overall, the Middlesex Massachusetts Eligible Directors' Stock Option Plan of Kyle Electronics plays a critical role in attracting and retaining talented individuals to serve on the board, while fostering a sense of ownership and aligning the directors' interests with the long-term goals of the company.