Hawaii 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 Hawaii Nonemployee Directors Stock Plan is a compensation program designed specifically for nonemployee directors of TJ International, Inc. This plan is tailored to reward and incentivize these directors for their valuable contributions to the company's success. Under the Hawaii Nonemployee Directors Stock Plan, nonemployee directors of TJ International, Inc. are granted stock-based awards as a form of compensation. These awards serve as a means to align the interests of the directors with the long-term goals and financial performance of the company. The plan allows participants to receive stocks or stock options, providing them with an opportunity to share in the company's growth and prosperity. By receiving these stock-based awards, nonemployee directors can become partial owners, creating a vested interest in the company's overall performance. This compensation plan ensures that nonemployee directors play a vital role in the company's decision-making process, corporate governance, and overall success. Their expertise, insight, and industry knowledge contribute significantly to TJ International, Inc.'s strategic direction and sustainable growth. The Hawaii Nonemployee Directors Stock Plan offers several types of stock-based awards that vary based on the terms and conditions. These can include: 1. Restricted Stock: Nonemployee directors are granted shares of company stock, subject to specific restrictions and conditions. These restrictions may include time-based vesting or the achievement of certain corporate milestones. 2. Stock Options: Nonemployee directors receive the right to purchase company stock at a predetermined price (the exercise price) within a specified timeframe. This option allows directors to benefit from any potential increase in the company's stock price. 3. Performance Shares: Stock awards are granted based on the achievement of specific performance goals or metrics established by TJ International, Inc. These goals ensure that directors are rewarded for their contributions toward the company's success and meet predefined performance targets. 4. Stock Appreciation Rights (SARS): Nonemployee directors are granted the option to receive the appreciation in the value of a specific number of shares over a predetermined period. SARS provides an opportunity to benefit from the increase in the company's stock price without having to purchase the underlying shares. Through the Hawaii Nonemployee Directors Stock Plan, TJ International, Inc. aims to attract, retain, and motivate talented directors who contribute to the overall strategic growth of the company. By providing these stock-based awards, the company creates an environment of shared ownership and aligns the interests of the directors with the shareholders, fostering long-term success and value creation.

Hawaii Nonemployee Directors Stock Plan is a compensation program designed specifically for nonemployee directors of TJ International, Inc. This plan is tailored to reward and incentivize these directors for their valuable contributions to the company's success. Under the Hawaii Nonemployee Directors Stock Plan, nonemployee directors of TJ International, Inc. are granted stock-based awards as a form of compensation. These awards serve as a means to align the interests of the directors with the long-term goals and financial performance of the company. The plan allows participants to receive stocks or stock options, providing them with an opportunity to share in the company's growth and prosperity. By receiving these stock-based awards, nonemployee directors can become partial owners, creating a vested interest in the company's overall performance. This compensation plan ensures that nonemployee directors play a vital role in the company's decision-making process, corporate governance, and overall success. Their expertise, insight, and industry knowledge contribute significantly to TJ International, Inc.'s strategic direction and sustainable growth. The Hawaii Nonemployee Directors Stock Plan offers several types of stock-based awards that vary based on the terms and conditions. These can include: 1. Restricted Stock: Nonemployee directors are granted shares of company stock, subject to specific restrictions and conditions. These restrictions may include time-based vesting or the achievement of certain corporate milestones. 2. Stock Options: Nonemployee directors receive the right to purchase company stock at a predetermined price (the exercise price) within a specified timeframe. This option allows directors to benefit from any potential increase in the company's stock price. 3. Performance Shares: Stock awards are granted based on the achievement of specific performance goals or metrics established by TJ International, Inc. These goals ensure that directors are rewarded for their contributions toward the company's success and meet predefined performance targets. 4. Stock Appreciation Rights (SARS): Nonemployee directors are granted the option to receive the appreciation in the value of a specific number of shares over a predetermined period. SARS provides an opportunity to benefit from the increase in the company's stock price without having to purchase the underlying shares. Through the Hawaii Nonemployee Directors Stock Plan, TJ International, Inc. aims to attract, retain, and motivate talented directors who contribute to the overall strategic growth of the company. By providing these stock-based awards, the company creates an environment of shared ownership and aligns the interests of the directors with the shareholders, fostering long-term success and value creation.