Santa Clara California Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 Santa Clara California Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive and attractive compensation program designed to reward eligible directors for their invaluable contributions to the company's success. This stock option plan follows a set of guidelines and terms that ensure fairness, transparency, and long-term alignment of the directors' interests with those of the company and its shareholders. Under this plan, eligible directors are granted the opportunity to purchase a predetermined number of shares of Kyle Electronics' common stock at a specified exercise price. This exercise price is typically set at the fair market value of the stock on the grant date, ensuring the plan's alignment with market trends. One of the types of Santa Clara California Eligible Directors' Stock Option Plan of Kyle Electronics is the Non-Qualified Stock Option (NO) Plan. Nests provide flexibility to the directors by allowing them to exercise their stock options at any time during the predetermined exercise period. The directors have the potential to profit from any appreciation in the stock's value since the grant date. Another type of Santa Clara California Eligible Directors' Stock Option Plan is the Incentive Stock Option (ISO) Plan. SOS, granted exclusively to directors, offer potential tax advantages if certain statutory requirements are met. The directors have the option to purchase shares at the exercise price, and any subsequent gain upon the sale of those shares may qualify for capital gains tax rates. The Santa Clara California Eligible Directors' Stock Option Plan fosters a sense of ownership and long-term commitment among eligible directors. By providing an opportunity to partake in the company's growth and success, this plan incentivizes directors to make decisions that are in the best interest of Kyle Electronics and its stakeholders. As a result, it encourages strategic thinking and prudent decision-making, ultimately driving the company's sustainable growth. Kyle Electronics prides itself on its commitment to corporate governance and transparency. The Santa Clara California Eligible Directors' Stock Option Plan is a testament to the company's dedication to rewarding and motivating its directors, ensuring their interests are aligned with those of the company and its shareholders.

The Santa Clara California Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive and attractive compensation program designed to reward eligible directors for their invaluable contributions to the company's success. This stock option plan follows a set of guidelines and terms that ensure fairness, transparency, and long-term alignment of the directors' interests with those of the company and its shareholders. Under this plan, eligible directors are granted the opportunity to purchase a predetermined number of shares of Kyle Electronics' common stock at a specified exercise price. This exercise price is typically set at the fair market value of the stock on the grant date, ensuring the plan's alignment with market trends. One of the types of Santa Clara California Eligible Directors' Stock Option Plan of Kyle Electronics is the Non-Qualified Stock Option (NO) Plan. Nests provide flexibility to the directors by allowing them to exercise their stock options at any time during the predetermined exercise period. The directors have the potential to profit from any appreciation in the stock's value since the grant date. Another type of Santa Clara California Eligible Directors' Stock Option Plan is the Incentive Stock Option (ISO) Plan. SOS, granted exclusively to directors, offer potential tax advantages if certain statutory requirements are met. The directors have the option to purchase shares at the exercise price, and any subsequent gain upon the sale of those shares may qualify for capital gains tax rates. The Santa Clara California Eligible Directors' Stock Option Plan fosters a sense of ownership and long-term commitment among eligible directors. By providing an opportunity to partake in the company's growth and success, this plan incentivizes directors to make decisions that are in the best interest of Kyle Electronics and its stakeholders. As a result, it encourages strategic thinking and prudent decision-making, ultimately driving the company's sustainable growth. Kyle Electronics prides itself on its commitment to corporate governance and transparency. The Santa Clara California Eligible Directors' Stock Option Plan is a testament to the company's dedication to rewarding and motivating its directors, ensuring their interests are aligned with those of the company and its shareholders.