Florida 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 Florida Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors who serve on the board of the company. This stock plan aims to provide these directors with an opportunity to share in the company's success and align their interests with the shareholders. Under the Florida Nonemployee Directors Stock Plan, nonemployee directors of TJ International, Inc. are granted stock options or restricted stock units (RSS) as a form of compensation. These equity awards are meant to incentivize and reward directors for their contributions to the company's long-term growth. The stock options offered under this plan grant nonemployee directors the right to purchase a specified number of shares of TJ International, Inc.'s common stock at a predetermined exercise price. These options typically have a vesting period, during which the director must continue serving on the board to earn the right to exercise the options. Once vested, directors can exercise their options and potentially profit from any increase in the company's stock price. On the other hand, RSS are awards that entitle nonemployee directors to receive a certain number of shares of TJ International, Inc.'s common stock upon vesting. RSS usually vest over a specific period of time or upon the occurrence of certain performance-based criteria. Once vested, directors are entitled to receive the shares outright, typically subject to any applicable withholding taxes. It is important to note that the exact details and specifics of the Florida Nonemployee Directors Stock Plan of TJ International, Inc. may vary, and it is recommended to refer to the official plan documents for comprehensive information. The plan likely includes provisions regarding eligibility requirements, award grants, vesting schedules, exercise or settlement methods, and any applicable limitations or restrictions. In summary, the Florida Nonemployee Directors Stock Plan of TJ International, Inc. is a compensation program that offers stock options or RSS to nonemployee directors, enabling them to participate in the company's growth and align their interests with shareholders. This plan provides a valuable tool for attracting and retaining talented directors while promoting accountability and long-term success within TJ International, Inc.

The Florida Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors who serve on the board of the company. This stock plan aims to provide these directors with an opportunity to share in the company's success and align their interests with the shareholders. Under the Florida Nonemployee Directors Stock Plan, nonemployee directors of TJ International, Inc. are granted stock options or restricted stock units (RSS) as a form of compensation. These equity awards are meant to incentivize and reward directors for their contributions to the company's long-term growth. The stock options offered under this plan grant nonemployee directors the right to purchase a specified number of shares of TJ International, Inc.'s common stock at a predetermined exercise price. These options typically have a vesting period, during which the director must continue serving on the board to earn the right to exercise the options. Once vested, directors can exercise their options and potentially profit from any increase in the company's stock price. On the other hand, RSS are awards that entitle nonemployee directors to receive a certain number of shares of TJ International, Inc.'s common stock upon vesting. RSS usually vest over a specific period of time or upon the occurrence of certain performance-based criteria. Once vested, directors are entitled to receive the shares outright, typically subject to any applicable withholding taxes. It is important to note that the exact details and specifics of the Florida Nonemployee Directors Stock Plan of TJ International, Inc. may vary, and it is recommended to refer to the official plan documents for comprehensive information. The plan likely includes provisions regarding eligibility requirements, award grants, vesting schedules, exercise or settlement methods, and any applicable limitations or restrictions. In summary, the Florida Nonemployee Directors Stock Plan of TJ International, Inc. is a compensation program that offers stock options or RSS to nonemployee directors, enabling them to participate in the company's growth and align their interests with shareholders. This plan provides a valuable tool for attracting and retaining talented directors while promoting accountability and long-term success within TJ International, Inc.