Phoenix Arizona Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Eligible Directors' Stock Option Plan of Kyle Electronics is a program designed specifically for directors of the company, residing in the Phoenix, Arizona area. This comprehensive stock option plan aims to provide eligible directors with the opportunity to obtain shares of the company's stock at predetermined prices. The plan is designed to incentivize and reward directors for their contributions towards the growth and success of Kyle Electronics. The Phoenix Arizona Eligible Directors' Stock Option Plan of Kyle Electronics offers several types of stock options to eligible directors, each with its own unique features and benefits. Some types of stock options under this plan include: 1. Non-Qualified Stock Options: These options provide eligible directors with the opportunity to purchase shares of the company's stock at a predetermined price. They offer flexibility in terms of exercise price and timing of exercise. 2. Incentive Stock Options: This type of stock option is generally offered to directors as an additional form of compensation. Incentive stock options provide certain tax advantages to eligible directors, including potential tax deferral on the gain realized upon exercise. 3. Restricted Stock Units (RSS): RSS are another type of stock option available under this plan. Unlike traditional stock options, RSS are not purchased by the eligible directors. Instead, they entitle the director to receive a specified number of shares of the company's stock upon meeting certain vesting conditions. 4. Performance-based Stock Options: These stock options are granted to eligible directors based on the achievement of specific performance goals or milestones set by Kyle Electronics. Performance-based stock options provide an additional incentive for directors to drive the company's growth and performance. The Phoenix Arizona Eligible Directors' Stock Option Plan of Kyle Electronics aims to align the interests of eligible directors with those of the company's shareholders, fostering a sense of ownership and motivation to contribute to the company's long-term success. It reflects Kyle Electronics' commitment to attracting and retaining qualified directors and rewarding their valuable contributions to the company's growth and profitability. Through this plan, Kyle Electronics strives to create a collaborative and mutually beneficial relationship with its eligible directors in Phoenix, Arizona, fostering a culture of partnership and shared success.

The Phoenix Arizona Eligible Directors' Stock Option Plan of Kyle Electronics is a program designed specifically for directors of the company, residing in the Phoenix, Arizona area. This comprehensive stock option plan aims to provide eligible directors with the opportunity to obtain shares of the company's stock at predetermined prices. The plan is designed to incentivize and reward directors for their contributions towards the growth and success of Kyle Electronics. The Phoenix Arizona Eligible Directors' Stock Option Plan of Kyle Electronics offers several types of stock options to eligible directors, each with its own unique features and benefits. Some types of stock options under this plan include: 1. Non-Qualified Stock Options: These options provide eligible directors with the opportunity to purchase shares of the company's stock at a predetermined price. They offer flexibility in terms of exercise price and timing of exercise. 2. Incentive Stock Options: This type of stock option is generally offered to directors as an additional form of compensation. Incentive stock options provide certain tax advantages to eligible directors, including potential tax deferral on the gain realized upon exercise. 3. Restricted Stock Units (RSS): RSS are another type of stock option available under this plan. Unlike traditional stock options, RSS are not purchased by the eligible directors. Instead, they entitle the director to receive a specified number of shares of the company's stock upon meeting certain vesting conditions. 4. Performance-based Stock Options: These stock options are granted to eligible directors based on the achievement of specific performance goals or milestones set by Kyle Electronics. Performance-based stock options provide an additional incentive for directors to drive the company's growth and performance. The Phoenix Arizona Eligible Directors' Stock Option Plan of Kyle Electronics aims to align the interests of eligible directors with those of the company's shareholders, fostering a sense of ownership and motivation to contribute to the company's long-term success. It reflects Kyle Electronics' commitment to attracting and retaining qualified directors and rewarding their valuable contributions to the company's growth and profitability. Through this plan, Kyle Electronics strives to create a collaborative and mutually beneficial relationship with its eligible directors in Phoenix, Arizona, fostering a culture of partnership and shared success.