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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Jose
• 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 Jose, California is a vibrant city located in the heart of Silicon Valley. Known as the capital of the tech industry, San Jose is home to numerous companies, including Kyle Electronics. As an established corporation, Kyle Electronics has developed a comprehensive and enticing compensation package for its directors, known as the San Jose California Eligible Directors' Stock Option Plan. The San Jose California Eligible Directors' Stock Option Plan is designed to reward and incentivize the company's directors by offering stock options as part of their compensation package. This plan grants eligible directors the opportunity to purchase company shares at a predetermined price, termed the strike price, within a specified period. There are various types of San Jose California Eligible Directors' Stock Option Plans introduced by Kyle Electronics: 1. Standard Stock Option Plan: This is the basic type of stock option plan in which eligible directors have the right, but not the obligation, to purchase company stock within a certain timeframe. The exercise price may be set at the current market price on the date of grant. 2. Incentive Stock Option Plan: This type of stock option plan is designed to provide tax advantages to eligible directors. Under this plan, directors can purchase company stock at a predetermined price, while enjoying potential tax benefits upon exercise and sale. 3. Non-Qualified Stock Option Plan: Unlike the Incentive Stock Option Plan, this type of stock option plan does not offer the same tax advantages. However, eligible directors still have the opportunity to purchase company shares at a predetermined price and benefit from potential stock price appreciation. 4. Performance-Based Stock Option Plan: This variation of the San Jose California Eligible Directors' Stock Option Plan ties stock options to specific performance criteria. The eligible directors can only exercise their options if the company meets predetermined goals, such as financial targets or milestones. These different types of stock option plans provide flexibility for Kyle Electronics and its eligible directors, allowing them to choose the plan that aligns best with their financial goals and tax considerations. It ensures that the directors are motivated to contribute to the company's success, as their compensation is tied to the stock's performance. The San Jose California Eligible Directors' Stock Option Plan of Kyle Electronics is an innovative and enticing compensation offering, ensuring that the company attracts and retains top talent while aligning the interests of its directors with the success of the company.

San Jose, California is a vibrant city located in the heart of Silicon Valley. Known as the capital of the tech industry, San Jose is home to numerous companies, including Kyle Electronics. As an established corporation, Kyle Electronics has developed a comprehensive and enticing compensation package for its directors, known as the San Jose California Eligible Directors' Stock Option Plan. The San Jose California Eligible Directors' Stock Option Plan is designed to reward and incentivize the company's directors by offering stock options as part of their compensation package. This plan grants eligible directors the opportunity to purchase company shares at a predetermined price, termed the strike price, within a specified period. There are various types of San Jose California Eligible Directors' Stock Option Plans introduced by Kyle Electronics: 1. Standard Stock Option Plan: This is the basic type of stock option plan in which eligible directors have the right, but not the obligation, to purchase company stock within a certain timeframe. The exercise price may be set at the current market price on the date of grant. 2. Incentive Stock Option Plan: This type of stock option plan is designed to provide tax advantages to eligible directors. Under this plan, directors can purchase company stock at a predetermined price, while enjoying potential tax benefits upon exercise and sale. 3. Non-Qualified Stock Option Plan: Unlike the Incentive Stock Option Plan, this type of stock option plan does not offer the same tax advantages. However, eligible directors still have the opportunity to purchase company shares at a predetermined price and benefit from potential stock price appreciation. 4. Performance-Based Stock Option Plan: This variation of the San Jose California Eligible Directors' Stock Option Plan ties stock options to specific performance criteria. The eligible directors can only exercise their options if the company meets predetermined goals, such as financial targets or milestones. These different types of stock option plans provide flexibility for Kyle Electronics and its eligible directors, allowing them to choose the plan that aligns best with their financial goals and tax considerations. It ensures that the directors are motivated to contribute to the company's success, as their compensation is tied to the stock's performance. The San Jose California Eligible Directors' Stock Option Plan of Kyle Electronics is an innovative and enticing compensation offering, ensuring that the company attracts and retains top talent while aligning the interests of its directors with the success of the company.