Nassau New York Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Nassau
• 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 Nassau New York Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive and enticing executive compensation program. It is designed specifically for the eligible directors of Kyle Electronics, a renowned company located in Nassau, New York. With the aim of attracting and retaining top talent, this plan provides a range of stock options to eligible directors, which serve as a valuable incentive to drive company growth and shareholder value. This stock option plan includes various types of options, each tailored to meet the diverse needs and preferences of eligible directors. The first type is the Non-Qualified Stock Option (NO). This option allows directors to purchase a set number of company shares at a predetermined price within a specific timeframe. Directors can exercise their options at their discretion, taking advantage of favorable market conditions or strategic business milestones. The second type of stock option available under this plan is the Incentive Stock Option (ISO). These options provide eligible directors with the opportunity to purchase shares at a predetermined price, while also offering potential tax advantages. SOS are subject to certain criteria established by the Internal Revenue Code, and they typically have a longer vesting period compared to Nests. Kyle Electronics recognizes the importance of aligning the interests of its directors with those of the company's shareholders. To achieve this, the Nassau New York Eligible Directors' Stock Option Plan also incorporates Restricted Stock Units (RSS). RSS represents a promise to deliver company shares at a specified future date, subject to certain vesting conditions. This grants directors a sense of ownership and reinforces their commitment to the long-term success of Kyle Electronics. Furthermore, the plan may offer Stock Appreciation Rights (SARS) as an additional component. SARS provides eligible directors with the right to receive the appreciation in the company's stock value over a specific period. This type of option allows directors to benefit from the increase in stock price without having to purchase actual shares, offering flexibility and potential financial gains. Overall, the Nassau New York Eligible Directors' Stock Option Plan of Kyle Electronics showcases the company's dedication to rewarding and motivating its directors through a well-rounded and dynamic compensation package. By offering different types of stock options like Nests, SOS, RSS, and SARS, Kyle Electronics ensures that its directors have varied choices to align their interests with the company's mission, thus fostering growth and enhancing shareholder value.

The Nassau New York Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive and enticing executive compensation program. It is designed specifically for the eligible directors of Kyle Electronics, a renowned company located in Nassau, New York. With the aim of attracting and retaining top talent, this plan provides a range of stock options to eligible directors, which serve as a valuable incentive to drive company growth and shareholder value. This stock option plan includes various types of options, each tailored to meet the diverse needs and preferences of eligible directors. The first type is the Non-Qualified Stock Option (NO). This option allows directors to purchase a set number of company shares at a predetermined price within a specific timeframe. Directors can exercise their options at their discretion, taking advantage of favorable market conditions or strategic business milestones. The second type of stock option available under this plan is the Incentive Stock Option (ISO). These options provide eligible directors with the opportunity to purchase shares at a predetermined price, while also offering potential tax advantages. SOS are subject to certain criteria established by the Internal Revenue Code, and they typically have a longer vesting period compared to Nests. Kyle Electronics recognizes the importance of aligning the interests of its directors with those of the company's shareholders. To achieve this, the Nassau New York Eligible Directors' Stock Option Plan also incorporates Restricted Stock Units (RSS). RSS represents a promise to deliver company shares at a specified future date, subject to certain vesting conditions. This grants directors a sense of ownership and reinforces their commitment to the long-term success of Kyle Electronics. Furthermore, the plan may offer Stock Appreciation Rights (SARS) as an additional component. SARS provides eligible directors with the right to receive the appreciation in the company's stock value over a specific period. This type of option allows directors to benefit from the increase in stock price without having to purchase actual shares, offering flexibility and potential financial gains. Overall, the Nassau New York Eligible Directors' Stock Option Plan of Kyle Electronics showcases the company's dedication to rewarding and motivating its directors through a well-rounded and dynamic compensation package. By offering different types of stock options like Nests, SOS, RSS, and SARS, Kyle Electronics ensures that its directors have varied choices to align their interests with the company's mission, thus fostering growth and enhancing shareholder value.