Arkansas Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-361A
• Format: Word; Rich Text

Description

18-361A 18-361A . . . Non-employee Directors Stock Option Plan under which Board can grant, during first year of Plan, options to purchase up to 2,000 shares of stock exercisable one year after grant and options to purchase 1,667 shares of stock exercisable 3 years after grant. Each year beginning with the 2nd year of Plan, Board can grant options for up to 2,000 shares of stock which are exercisable in 3 equal annual installments beginning 1 year after grant The Arkansas Nonemployee Directors Stock Plan is a unique compensation program offered by TJ International, Inc., a leading company in Arkansas. This plan aims to reward nonemployee directors for their valuable contributions to the company's growth and success. Under the Arkansas Nonemployee Directors Stock Plan, nonemployee directors of TJ International, Inc. have the opportunity to receive compensation in the form of stock options or stock grants. These options or grants provide an excellent opportunity for directors to become shareholders of the company, aligning their interests with those of the shareholders. One key aspect of this plan is that it is only available to nonemployee directors. Nonemployee directors are individuals who are not directly employed by the company but serve on the company's board of directors. By offering this plan exclusively to nonemployee directors, TJ International, Inc. aims to attract highly qualified individuals with extensive industry knowledge and experience. The Arkansas Nonemployee Directors Stock Plan offers various types of stock-based compensation options tailored to meet diverse needs. These different types may include stock options with different exercise prices, stock grants subject to vesting or performance criteria, and restricted stock units. Stock options give directors the opportunity to purchase company shares at a predetermined price, usually known as the exercise price. This option allows directors to benefit from any increase in the company's stock price over time. Stock options typically have a vesting period, during which the options become exercisable gradually, ensuring long-term commitment and engagement from the directors. Additionally, the plan may include stock grants, which give directors the right to receive company shares outright. These grants may be subject to vesting, which means the director must remain on the board for a specified period to receive the full ownership of the shares. Alternatively, the grants may be contingent on the achievement of predetermined performance criteria, such as meeting specific financial targets or strategic objectives. Restricted stock units (RSS) are another possible component of the Arkansas Nonemployee Directors Stock Plan. RSS is similar to stock grants, but instead of receiving shares immediately, directors receive the right to receive shares at a future date. This delay is often linked to vesting criteria or the passage of a certain period, ensuring directors' continued involvement in the company's affairs. It is important to note that the specific details and terms of the Arkansas Nonemployee Directors Stock Plan may vary depending on TJ International, Inc.'s specific policies and objectives. Therefore, interested parties should refer to the official plan documentation and consult with the company's representatives to obtain the most accurate and up-to-date information.

The Arkansas Nonemployee Directors Stock Plan is a unique compensation program offered by TJ International, Inc., a leading company in Arkansas. This plan aims to reward nonemployee directors for their valuable contributions to the company's growth and success. Under the Arkansas Nonemployee Directors Stock Plan, nonemployee directors of TJ International, Inc. have the opportunity to receive compensation in the form of stock options or stock grants. These options or grants provide an excellent opportunity for directors to become shareholders of the company, aligning their interests with those of the shareholders. One key aspect of this plan is that it is only available to nonemployee directors. Nonemployee directors are individuals who are not directly employed by the company but serve on the company's board of directors. By offering this plan exclusively to nonemployee directors, TJ International, Inc. aims to attract highly qualified individuals with extensive industry knowledge and experience. The Arkansas Nonemployee Directors Stock Plan offers various types of stock-based compensation options tailored to meet diverse needs. These different types may include stock options with different exercise prices, stock grants subject to vesting or performance criteria, and restricted stock units. Stock options give directors the opportunity to purchase company shares at a predetermined price, usually known as the exercise price. This option allows directors to benefit from any increase in the company's stock price over time. Stock options typically have a vesting period, during which the options become exercisable gradually, ensuring long-term commitment and engagement from the directors. Additionally, the plan may include stock grants, which give directors the right to receive company shares outright. These grants may be subject to vesting, which means the director must remain on the board for a specified period to receive the full ownership of the shares. Alternatively, the grants may be contingent on the achievement of predetermined performance criteria, such as meeting specific financial targets or strategic objectives. Restricted stock units (RSS) are another possible component of the Arkansas Nonemployee Directors Stock Plan. RSS is similar to stock grants, but instead of receiving shares immediately, directors receive the right to receive shares at a future date. This delay is often linked to vesting criteria or the passage of a certain period, ensuring directors' continued involvement in the company's affairs. It is important to note that the specific details and terms of the Arkansas Nonemployee Directors Stock Plan may vary depending on TJ International, Inc.'s specific policies and objectives. Therefore, interested parties should refer to the official plan documentation and consult with the company's representatives to obtain the most accurate and up-to-date information.