Riverside California Eligible Directors' Stock Option Plan of Wyle Electronics

State:
Multi-State
County:
Riverside
Control #:
US-CC-18-362C
Format:
Word; 
Rich Text
Instant download

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 Riverside California Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program specifically designed for directors based in Riverside, California who serve on the board of Kyle Electronics. This plan allows eligible directors to purchase shares of the company's stock at a predetermined price, known as the exercise price, in the future. Under this plan, Kyle Electronics offers various types of stock options to eligible directors, each with its own unique features. These options include: 1. Non-Qualified Stock Options: Non-qualified stock options give eligible directors the right to purchase company shares at a set price within a specified period. These options are not subject to the same tax advantages as incentive stock options, but they offer more flexibility in terms of exercise timing. 2. Incentive Stock Options: Incentive stock options are another type of stock option available to eligible directors. These options provide certain tax advantages, as any potential gains from exercising the options may be eligible for long-term capital gains tax treatment if specific holding requirements are met. 3. Restricted Stock Units: In addition to stock options, the plan may also offer restricted stock units (RSS) to eligible directors. RSS is a form of equity-based compensation where eligible directors receive a specific number of units that convert into company stock after a vesting period or upon meeting specified performance goals. 4. Performance Stock Units: Performance stock units are another type of equity-based compensation that may be included in the plan. Eligible directors are granted a specific number of units, which then convert into company stock once predetermined performance metrics are achieved within a defined period. The Riverside California Eligible Directors' Stock Option Plan of Kyle Electronics aims to align the interests of directors with those of shareholders by providing them with an incentive to contribute to the long-term success and growth of the company. By offering various types of stock options, Kyle Electronics ensures flexibility and enables eligible directors to choose the option that best suits their individual financial goals and circumstances. Please note that the specific details and provisions of the Riverside California Eligible Directors' Stock Option Plan may vary. It is important for interested parties to review the plan's official documentation and consult with professionals for accurate and up-to-date information.

The Riverside California Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program specifically designed for directors based in Riverside, California who serve on the board of Kyle Electronics. This plan allows eligible directors to purchase shares of the company's stock at a predetermined price, known as the exercise price, in the future. Under this plan, Kyle Electronics offers various types of stock options to eligible directors, each with its own unique features. These options include: 1. Non-Qualified Stock Options: Non-qualified stock options give eligible directors the right to purchase company shares at a set price within a specified period. These options are not subject to the same tax advantages as incentive stock options, but they offer more flexibility in terms of exercise timing. 2. Incentive Stock Options: Incentive stock options are another type of stock option available to eligible directors. These options provide certain tax advantages, as any potential gains from exercising the options may be eligible for long-term capital gains tax treatment if specific holding requirements are met. 3. Restricted Stock Units: In addition to stock options, the plan may also offer restricted stock units (RSS) to eligible directors. RSS is a form of equity-based compensation where eligible directors receive a specific number of units that convert into company stock after a vesting period or upon meeting specified performance goals. 4. Performance Stock Units: Performance stock units are another type of equity-based compensation that may be included in the plan. Eligible directors are granted a specific number of units, which then convert into company stock once predetermined performance metrics are achieved within a defined period. The Riverside California Eligible Directors' Stock Option Plan of Kyle Electronics aims to align the interests of directors with those of shareholders by providing them with an incentive to contribute to the long-term success and growth of the company. By offering various types of stock options, Kyle Electronics ensures flexibility and enables eligible directors to choose the option that best suits their individual financial goals and circumstances. Please note that the specific details and provisions of the Riverside California Eligible Directors' Stock Option Plan may vary. It is important for interested parties to review the plan's official documentation and consult with professionals for accurate and up-to-date information.

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Riverside California Eligible Directors' Stock Option Plan of Wyle Electronics