Sacramento California Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Sacramento
• 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 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.

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.