San Antonio Texas Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed to incentivize and reward eligible directors of the company. This plan offers directors the opportunity to purchase company stock at a predetermined price within a specified timeframe, thereby aligning their interests with the performance and success of Kyle Electronics. The plan aims to attract and retain top-tier directors by offering them the ability to own a stake in the company and benefit from its growth. By granting stock options, Kyle Electronics motivates directors to contribute to the company's strategic decision-making, governance, and long-term success. Key Features of the San Antonio Texas Eligible Directors' Stock Option Plan: 1. Eligibility: This plan is exclusively available to the directors of Kyle Electronics based in San Antonio, Texas. 2. Stock Options: Eligible directors are granted the option to purchase a specific number of shares at a predetermined exercise price. 3. Exercise Period: The plan outlines a specific timeframe during which directors can exercise their stock options. 4. Vesting Schedule: Stock options may be subject to a vesting schedule, ensuring directors have a continued commitment to the company's success. 5. Tax Considerations: The plan also addresses tax implications and provides guidance on how directors can maximize the benefits of their stock options while complying with relevant regulations. 6. Termination Clauses: The plan may include provisions related to stock option termination upon the cessation of directorship or under specific circumstances. 7. Dividends and Voting Rights: Directors may enjoy certain dividend rights and voting privileges attached to the shares acquired through the exercise of stock options. Different Types of San Antonio Texas Eligible Directors' Stock Option Plans of Kyle Electronics (if applicable): 1. Standard Stock Option Plan: This plan offers directors the option to purchase company shares at a fixed exercise price and within a specified exercise period. 2. Performance-Based Stock Option Plan: In addition to the standard plan, Kyle Electronics may introduce a performance-based stock option plan that ties the exercise price or the number of shares granted to predetermined performance goals. 3. Restricted Stock Option Plan: This type of plan involves granting restricted stock units (RSS) that convert into shares over a predetermined vesting period, motivating directors to remain with the company for a longer tenure. Overall, the San Antonio Texas Eligible Directors' Stock Option Plan of Kyle Electronics aims to attract and retain talented directors by providing them with an opportunity to become company shareholders, aligning their interests with the growth and success of the organization.

The San Antonio Texas Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive compensation program designed to incentivize and reward eligible directors of the company. This plan offers directors the opportunity to purchase company stock at a predetermined price within a specified timeframe, thereby aligning their interests with the performance and success of Kyle Electronics. The plan aims to attract and retain top-tier directors by offering them the ability to own a stake in the company and benefit from its growth. By granting stock options, Kyle Electronics motivates directors to contribute to the company's strategic decision-making, governance, and long-term success. Key Features of the San Antonio Texas Eligible Directors' Stock Option Plan: 1. Eligibility: This plan is exclusively available to the directors of Kyle Electronics based in San Antonio, Texas. 2. Stock Options: Eligible directors are granted the option to purchase a specific number of shares at a predetermined exercise price. 3. Exercise Period: The plan outlines a specific timeframe during which directors can exercise their stock options. 4. Vesting Schedule: Stock options may be subject to a vesting schedule, ensuring directors have a continued commitment to the company's success. 5. Tax Considerations: The plan also addresses tax implications and provides guidance on how directors can maximize the benefits of their stock options while complying with relevant regulations. 6. Termination Clauses: The plan may include provisions related to stock option termination upon the cessation of directorship or under specific circumstances. 7. Dividends and Voting Rights: Directors may enjoy certain dividend rights and voting privileges attached to the shares acquired through the exercise of stock options. Different Types of San Antonio Texas Eligible Directors' Stock Option Plans of Kyle Electronics (if applicable): 1. Standard Stock Option Plan: This plan offers directors the option to purchase company shares at a fixed exercise price and within a specified exercise period. 2. Performance-Based Stock Option Plan: In addition to the standard plan, Kyle Electronics may introduce a performance-based stock option plan that ties the exercise price or the number of shares granted to predetermined performance goals. 3. Restricted Stock Option Plan: This type of plan involves granting restricted stock units (RSS) that convert into shares over a predetermined vesting period, motivating directors to remain with the company for a longer tenure. Overall, the San Antonio Texas Eligible Directors' Stock Option Plan of Kyle Electronics aims to attract and retain talented directors by providing them with an opportunity to become company shareholders, aligning their interests with the growth and success of the organization.