Wayne Michigan Eligible Directors' Stock Option Plan of Wyle Electronics

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive stock option program designed specifically for eligible directors of the company located in Wayne, Michigan. This plan offers various benefits and opportunities for directors to acquire and hold Kyle Electronics' stock through stock options. Under this plan, eligible directors are granted stock options, which give them the right to purchase a specific number of shares of Kyle Electronics' stock at a predetermined price. These options are typically granted at the discretion of the company's board of directors or a designated committee. The Wayne Michigan Eligible Directors' Stock Option Plan aims to align the interests of directors with those of the company's shareholders, as it encourages directors to contribute to the long-term growth and success of Kyle Electronics. By granting stock options, the plan provides directors with financial incentives to make strategic decisions and work towards enhancing the company's value. There may be different types of stock options offered under the Wayne Michigan Eligible Directors' Stock Option Plan of Kyle Electronics, such as: 1. Non-Qualified Stock Options (NO): These stock options are typically granted at fair market value and are subject to taxation upon exercise. Nests provide flexibility to eligible directors when it comes to timing their exercises. 2. Incentive Stock Options (ISO): SOS, on the other hand, provide potential tax advantages as they are subject to favorable tax treatment if certain requirements are met. Eligible directors may choose to exercise SOS and hold the shares for a specific period to take advantage of potential capital gains tax savings. 3. Restricted Stock Units (RSS): RSS, while not technically stock options, are often offered as an alternative or in addition to traditional stock options. RSS represents a commitment to grant shares of Kyle Electronics' stock to eligible directors at a future date based on vesting criteria. The Wayne Michigan Eligible Directors' Stock Option Plan of Kyle Electronics offers directors an opportunity to participate in the company's financial success, align their interests with shareholders, and retain top talent within the decision-making body. This comprehensive stock option program ensures that eligible directors have a stake in driving the long-term growth and profitability of Kyle Electronics, ultimately benefiting both the directors and the shareholders.

The Wayne Michigan Eligible Directors' Stock Option Plan of Kyle Electronics is a comprehensive stock option program designed specifically for eligible directors of the company located in Wayne, Michigan. This plan offers various benefits and opportunities for directors to acquire and hold Kyle Electronics' stock through stock options. Under this plan, eligible directors are granted stock options, which give them the right to purchase a specific number of shares of Kyle Electronics' stock at a predetermined price. These options are typically granted at the discretion of the company's board of directors or a designated committee. The Wayne Michigan Eligible Directors' Stock Option Plan aims to align the interests of directors with those of the company's shareholders, as it encourages directors to contribute to the long-term growth and success of Kyle Electronics. By granting stock options, the plan provides directors with financial incentives to make strategic decisions and work towards enhancing the company's value. There may be different types of stock options offered under the Wayne Michigan Eligible Directors' Stock Option Plan of Kyle Electronics, such as: 1. Non-Qualified Stock Options (NO): These stock options are typically granted at fair market value and are subject to taxation upon exercise. Nests provide flexibility to eligible directors when it comes to timing their exercises. 2. Incentive Stock Options (ISO): SOS, on the other hand, provide potential tax advantages as they are subject to favorable tax treatment if certain requirements are met. Eligible directors may choose to exercise SOS and hold the shares for a specific period to take advantage of potential capital gains tax savings. 3. Restricted Stock Units (RSS): RSS, while not technically stock options, are often offered as an alternative or in addition to traditional stock options. RSS represents a commitment to grant shares of Kyle Electronics' stock to eligible directors at a future date based on vesting criteria. The Wayne Michigan Eligible Directors' Stock Option Plan of Kyle Electronics offers directors an opportunity to participate in the company's financial success, align their interests with shareholders, and retain top talent within the decision-making body. This comprehensive stock option program ensures that eligible directors have a stake in driving the long-term growth and profitability of Kyle Electronics, ultimately benefiting both the directors and the shareholders.