California 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 California Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive and flexible program designed to provide nonemployee directors of the company with a means to acquire and own shares of the company's common stock. This plan serves as an important component of TJ International's overall compensation strategy for nonemployee directors, fostering alignment between the directors' interests and those of the company's shareholders. Under the California Nonemployee Directors Stock Plan, eligible nonemployee directors may be granted stock options, restricted stock units (RSS), or other equity-based awards. These awards serve as a mechanism to reward and motivate directors for their contributions to the company's success while also recognizing their role in shaping the company's long-term strategic direction. Stock options granted under the plan allow nonemployee directors to purchase a specified number of shares of TJ International's common stock at a predetermined exercise price. This provides directors with the opportunity to share in the company's growth and success by capturing the difference between the exercise price and the stock's market value at the time of exercise. RSS, on the other hand, entitle nonemployee directors to receive shares of the company's common stock once certain vesting conditions are met. This type of award is valuable as it ensures that directors have a vested interest in the company's performance and long-term sustainability. By offering multiple types of equity-based awards, the California Nonemployee Directors Stock Plan caters to the diverse needs and preferences of the company's nonemployee directors. It allows directors to choose awards that align with their individual investment strategies and long-term goals. Through this plan, TJ International aims to attract and retain talented nonemployee directors, providing them with a compelling compensation package that rewards their commitment, expertise, and contributions to the company's growth. By directly linking their financial interests with those of the company and its shareholders, the plan enhances corporate governance and promotes the diligent oversight and stewardship expected from directors. Overall, the California Nonemployee Directors Stock Plan of TJ International, Inc. epitomizes the company's commitment to fostering a culture of ownership, accountability, and leadership. It ensures that nonemployee directors have a vested interest in the company's success while aligning their compensation with the long-term value creation for shareholders. Keywords: California, Nonemployee Directors Stock Plan, TJ International, Inc., stock options, restricted stock units, equity-based awards, compensation, directors, alignment, shares, vesting conditions, investment, commitment, expertise, corporate governance, stewardship, ownership

The California Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive and flexible program designed to provide nonemployee directors of the company with a means to acquire and own shares of the company's common stock. This plan serves as an important component of TJ International's overall compensation strategy for nonemployee directors, fostering alignment between the directors' interests and those of the company's shareholders. Under the California Nonemployee Directors Stock Plan, eligible nonemployee directors may be granted stock options, restricted stock units (RSS), or other equity-based awards. These awards serve as a mechanism to reward and motivate directors for their contributions to the company's success while also recognizing their role in shaping the company's long-term strategic direction. Stock options granted under the plan allow nonemployee directors to purchase a specified number of shares of TJ International's common stock at a predetermined exercise price. This provides directors with the opportunity to share in the company's growth and success by capturing the difference between the exercise price and the stock's market value at the time of exercise. RSS, on the other hand, entitle nonemployee directors to receive shares of the company's common stock once certain vesting conditions are met. This type of award is valuable as it ensures that directors have a vested interest in the company's performance and long-term sustainability. By offering multiple types of equity-based awards, the California Nonemployee Directors Stock Plan caters to the diverse needs and preferences of the company's nonemployee directors. It allows directors to choose awards that align with their individual investment strategies and long-term goals. Through this plan, TJ International aims to attract and retain talented nonemployee directors, providing them with a compelling compensation package that rewards their commitment, expertise, and contributions to the company's growth. By directly linking their financial interests with those of the company and its shareholders, the plan enhances corporate governance and promotes the diligent oversight and stewardship expected from directors. Overall, the California Nonemployee Directors Stock Plan of TJ International, Inc. epitomizes the company's commitment to fostering a culture of ownership, accountability, and leadership. It ensures that nonemployee directors have a vested interest in the company's success while aligning their compensation with the long-term value creation for shareholders. Keywords: California, Nonemployee Directors Stock Plan, TJ International, Inc., stock options, restricted stock units, equity-based awards, compensation, directors, alignment, shares, vesting conditions, investment, commitment, expertise, corporate governance, stewardship, ownership