Colorado 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 Colorado Nonemployee Directors Stock Plan of TJ International, Inc. is an equity compensation program designed specifically for nonemployee directors serving on the board of directors of the company. This plan provides an opportunity for these directors to acquire shares of TJ International, Inc. stock as a means of aligning their interests with those of the shareholders. Under the Colorado Nonemployee Directors Stock Plan, participating directors are granted stock options or other forms of equity awards that vest over a specified period of time. These awards may be subject to certain performance or service-based conditions, ensuring that the directors contribute to the long-term growth and success of the company. By offering stock incentives, TJ International, Inc. aims to incentivize nonemployee directors to actively participate in the decision-making process, provide valuable insights, and act in the best interest of the shareholders. This program encourages directors to take a long-term perspective and make strategic decisions to drive the company's growth and profitability. In addition to the standard Stock Plan, TJ International, Inc. may have different types of Colorado Nonemployee Directors Stock Plan options, including: 1. Stock Option Grants: Nonemployee directors may be granted stock options, allowing them to purchase a specific number of shares at a predetermined price (the exercise price) within a specified time frame. These stock options typically have vesting requirements and may be subject to performance-based metrics. 2. Restricted Stock Units (RSS): Instead of stock options, nonemployee directors may receive RSS, which represent a promise to deliver a certain number of shares at a future date. These units may be subject to vesting conditions and are typically settled in company stock upon vesting. 3. Performance-Based Equity Awards: TJ International, Inc. may utilize performance-based equity awards, which tie the grant of shares to specific performance metrics, such as financial targets, market share growth, or other predefined goals. These awards provide an additional incentive for nonemployee directors to help drive the company's success. It is important to note that the specific details and provisions of the Colorado Nonemployee Directors Stock Plan may vary based on TJ International, Inc.'s individual policies and guidelines. As such, interested parties should refer to the official plan documents or consult with the company's representatives for precise and up-to-date information about the program.

The Colorado Nonemployee Directors Stock Plan of TJ International, Inc. is an equity compensation program designed specifically for nonemployee directors serving on the board of directors of the company. This plan provides an opportunity for these directors to acquire shares of TJ International, Inc. stock as a means of aligning their interests with those of the shareholders. Under the Colorado Nonemployee Directors Stock Plan, participating directors are granted stock options or other forms of equity awards that vest over a specified period of time. These awards may be subject to certain performance or service-based conditions, ensuring that the directors contribute to the long-term growth and success of the company. By offering stock incentives, TJ International, Inc. aims to incentivize nonemployee directors to actively participate in the decision-making process, provide valuable insights, and act in the best interest of the shareholders. This program encourages directors to take a long-term perspective and make strategic decisions to drive the company's growth and profitability. In addition to the standard Stock Plan, TJ International, Inc. may have different types of Colorado Nonemployee Directors Stock Plan options, including: 1. Stock Option Grants: Nonemployee directors may be granted stock options, allowing them to purchase a specific number of shares at a predetermined price (the exercise price) within a specified time frame. These stock options typically have vesting requirements and may be subject to performance-based metrics. 2. Restricted Stock Units (RSS): Instead of stock options, nonemployee directors may receive RSS, which represent a promise to deliver a certain number of shares at a future date. These units may be subject to vesting conditions and are typically settled in company stock upon vesting. 3. Performance-Based Equity Awards: TJ International, Inc. may utilize performance-based equity awards, which tie the grant of shares to specific performance metrics, such as financial targets, market share growth, or other predefined goals. These awards provide an additional incentive for nonemployee directors to help drive the company's success. It is important to note that the specific details and provisions of the Colorado Nonemployee Directors Stock Plan may vary based on TJ International, Inc.'s individual policies and guidelines. As such, interested parties should refer to the official plan documents or consult with the company's representatives for precise and up-to-date information about the program.