Palm Beach Florida Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Palm Beach
• 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 Palm Beach Florida Eligible Directors' Stock Option Plan is a financial arrangement established by Kyle Electronics, a renowned company operating in Palm Beach, FL. This plan aims to incentivize and reward eligible directors of the company by granting them stock options. Under the Palm Beach Florida Eligible Directors' Stock Option Plan, qualified individuals serving as directors in Kyle Electronics are granted the opportunity to purchase company stocks at a predetermined price within a specified time frame. This program allows directors to partake in the potential future success and growth of the company, aligning their interests with those of the shareholders. There are several types of Palm Beach Florida Eligible Directors' Stock Option Plans offered by Kyle Electronics, each catering to the specific needs and circumstances of its directors: 1. Standard Stock Option Plan: This basic plan enables eligible directors to purchase a certain number of company stocks at a fixed price, known as the exercise price, within a designated time period. This plan provides directors with the potential to profit from the appreciation of the company's stock value over time. 2. Incentive Stock Option Plan: This type of plan is designed to provide additional tax benefits to directors. Under this plan, eligible directors are granted stock options at a favorable exercise price, and the potential profit gained from the appreciation of the stock is taxed at a lower rate compared to the standard plan. However, specific eligibility criteria and limitations may apply. 3. Non-Qualified Stock Option Plan: Unlike an incentive stock option plan, the non-qualified stock option plan does not provide the same tax benefits. However, it offers more flexibility in terms of eligibility requirements and usually grants stock options at a lower exercise price. This plan is often used to provide directors with added financial flexibility and rewards at the discretion of Kyle Electronics. The Palm Beach Florida Eligible Directors' Stock Option Plan of Kyle Electronics aims to attract and retain talented directors while aligning their interests with those of the company and its shareholders. By offering stock options, these plans motivate directors to contribute to the long-term growth and success of Kyle Electronics, ultimately benefiting both the company and its directors.

The Palm Beach Florida Eligible Directors' Stock Option Plan is a financial arrangement established by Kyle Electronics, a renowned company operating in Palm Beach, FL. This plan aims to incentivize and reward eligible directors of the company by granting them stock options. Under the Palm Beach Florida Eligible Directors' Stock Option Plan, qualified individuals serving as directors in Kyle Electronics are granted the opportunity to purchase company stocks at a predetermined price within a specified time frame. This program allows directors to partake in the potential future success and growth of the company, aligning their interests with those of the shareholders. There are several types of Palm Beach Florida Eligible Directors' Stock Option Plans offered by Kyle Electronics, each catering to the specific needs and circumstances of its directors: 1. Standard Stock Option Plan: This basic plan enables eligible directors to purchase a certain number of company stocks at a fixed price, known as the exercise price, within a designated time period. This plan provides directors with the potential to profit from the appreciation of the company's stock value over time. 2. Incentive Stock Option Plan: This type of plan is designed to provide additional tax benefits to directors. Under this plan, eligible directors are granted stock options at a favorable exercise price, and the potential profit gained from the appreciation of the stock is taxed at a lower rate compared to the standard plan. However, specific eligibility criteria and limitations may apply. 3. Non-Qualified Stock Option Plan: Unlike an incentive stock option plan, the non-qualified stock option plan does not provide the same tax benefits. However, it offers more flexibility in terms of eligibility requirements and usually grants stock options at a lower exercise price. This plan is often used to provide directors with added financial flexibility and rewards at the discretion of Kyle Electronics. The Palm Beach Florida Eligible Directors' Stock Option Plan of Kyle Electronics aims to attract and retain talented directors while aligning their interests with those of the company and its shareholders. By offering stock options, these plans motivate directors to contribute to the long-term growth and success of Kyle Electronics, ultimately benefiting both the company and its directors.