San Bernardino California Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: San Bernardino
• 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 San Bernardino, California is a city located in the Inland Empire region of Southern California. It is known for its picturesque landscapes, historic landmarks, and diverse community. San Bernardino offers a wide range of amenities and attractions, making it an attractive place to live and work. The San Bernardino California Eligible Directors' Stock Option Plan of Kyle Electronics is a financial program designed specifically for eligible directors of Kyle Electronics in San Bernardino. This plan enables directors to purchase stock options at a predetermined price within a specified period, allowing them to potentially benefit from the company's future growth and success. The plan is aimed at providing eligible directors with an opportunity to invest in Kyle Electronics and align their interests with the company's shareholders. By offering stock options, Kyle Electronics aims to incentivize and reward directors for their contributions towards the company's performance and long-term sustainability. While there may not be different types of San Bernardino California Eligible Directors' Stock Option Plan of Kyle Electronics, the specific terms and conditions for the plan may vary depending on factors such as tenure, position, and performance of the directors. These variations ensure that the plan remains competitive and reflective of the directors' responsibilities and contributions toward the company's goals. Overall, the San Bernardino California Eligible Directors' Stock Option Plan of Kyle Electronics provides eligible directors with an opportunity to participate in the company's growth and financial success. It serves as a valuable tool for attracting and retaining talented individuals who play a crucial role in steering Kyle Electronics towards a prosperous future.

San Bernardino, California is a city located in the Inland Empire region of Southern California. It is known for its picturesque landscapes, historic landmarks, and diverse community. San Bernardino offers a wide range of amenities and attractions, making it an attractive place to live and work. The San Bernardino California Eligible Directors' Stock Option Plan of Kyle Electronics is a financial program designed specifically for eligible directors of Kyle Electronics in San Bernardino. This plan enables directors to purchase stock options at a predetermined price within a specified period, allowing them to potentially benefit from the company's future growth and success. The plan is aimed at providing eligible directors with an opportunity to invest in Kyle Electronics and align their interests with the company's shareholders. By offering stock options, Kyle Electronics aims to incentivize and reward directors for their contributions towards the company's performance and long-term sustainability. While there may not be different types of San Bernardino California Eligible Directors' Stock Option Plan of Kyle Electronics, the specific terms and conditions for the plan may vary depending on factors such as tenure, position, and performance of the directors. These variations ensure that the plan remains competitive and reflective of the directors' responsibilities and contributions toward the company's goals. Overall, the San Bernardino California Eligible Directors' Stock Option Plan of Kyle Electronics provides eligible directors with an opportunity to participate in the company's growth and financial success. It serves as a valuable tool for attracting and retaining talented individuals who play a crucial role in steering Kyle Electronics towards a prosperous future.