Sacramento California Eligible Directors' Stock Option Plan of Wyle Electronics

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Sacramento
Control #:
US-CC-18-362C
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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 Sacramento California Eligible Directors' Stock Option Plan of Kyle Electronics is a unique program that aims to provide eligible directors with the opportunity to acquire stock options in the company. This plan is specifically designed for directors who meet the eligibility criteria and wish to participate in the long-term growth and success of Kyle Electronics. The objective of the Sacramento California Eligible Directors' Stock Option Plan is to align the interests of directors with those of shareholders by incentivizing them to contribute to the company's strategic growth initiatives. By offering stock options, Kyle Electronics aims to attract and retain talented directors who can provide valuable insights, expertise, and guidance to drive the company's performance and enhance shareholder value. The plan offers different types of stock options to eligible directors. These options include Non-Qualified Stock Options (Nests) and Incentive Stock Options (SOS). Non-Qualified Stock Options provide directors with the flexibility to exercise the options at any time during a predetermined window, while Incentive Stock Options offer potential tax advantages if certain requirements are met. Through the Sacramento California Eligible Directors' Stock Option Plan, directors have the opportunity to purchase shares of Kyle Electronics at a specified exercise price within a specified timeframe. The exercise price is typically the fair market value of the company's stock on the date of the grant. This allows directors to benefit from any appreciation in the stock price over time. Participation in the plan is subject to eligibility criteria and certain conditions. Directors must meet specific qualifications, such as serving on the board for a certain period and fulfilling their fiduciary responsibilities. The plan also includes vesting periods, which means that directors may need to wait for a specified period before exercising their options and acquiring the underlying shares. The Sacramento California Eligible Directors' Stock Option Plan plays a vital role in attracting and retaining experienced directors who can contribute to the long-term success of Kyle Electronics. It promotes a sense of ownership and alignment between directors and shareholders, ensuring that both parties are invested in the company's performance and growth.

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FAQ

In an ESOP, a company sets up a trust fund, into which it contributes new shares of its own stock or cash to buy existing shares. Alternatively, the ESOP can borrow money to buy new or existing shares, with the company making cash contributions to the plan to enable it to repay the loan.

Aligning Interests By paying executives in stock options, executives receive a direct and personal financial incentive to better the company's performance. Executives also have a disincentive to mess up, because if share prices prices drop as a result of bad performance, executives lose lucrative options.

Basically, as the company profits, employees profit as well. Thus, stock options are a way to create a loyal partnership with employees. Stock options are a way for companies to motivate employees to be more productive. Through stock options, employees receive a percentage of ownership in the company.

Exercising a stock option means purchasing the issuer's common stock at the price set by the option (grant price), regardless of the stock's price at the time you exercise the option.

An employee stock option is a plan that means you have the option to buy shares of the company's stock at a certain price for a given period of time. In doing so, it could increase how much money you bring in from your job.

Granting someone options gives them the right to buy shares in the future, but they don't become a shareholder or get any rights associated with the shares until they actually own the shares.

While private companies may have shareholders, stock issues by private companies are not traded on the public exchanges. Private stock options are commonly associated with startup companies, especially in technology where the goal is to create a highly valued company that will eventually go public.

200bFor companies that choose to retain control of their stock plan administration, we offer the simultaneous exercise and sell options (SESO) program to provide you and your employees with an easy-to-use solution for selling shares received from the exercise of stock options.

Therefore, under the present status of the law on stock options, directors of corporations, unless they are also employees thereof, are not eligible to receive the favorable tax treatment of restricted or non-restricted stock options.

An executive stock option is a contract that grants the right to buy a specified number of shares of the company's stock at a guaranteed "strike price" for a period of time, usually several years.

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1.2Eligible Award Recipients. Nokia Board of Directors Equity Ownership, 2006 vs.

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Sacramento California Eligible Directors' Stock Option Plan of Wyle Electronics