Iowa 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 Iowa Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company based in Iowa. This stock plan aims to offer attractive incentives to nonemployee directors, aligning their interests with those of the shareholders and motivating them to contribute to the growth and success of the organization. Under the Iowa Nonemployee Directors Stock Plan, nonemployee directors are granted stock options or restricted stock units (RSS), enabling them to acquire shares of TJ International, Inc. These options and RSS are typically subject to vesting requirements, offering a long-term incentive for directors to remain active and engaged in the company's activities. The plan consists of different types of equity-based awards, including: 1. Stock Options: These grants provide nonemployee directors the right to purchase TJ International, Inc. shares at a specified price (the exercise price) within a predetermined period. The exercise price is often set at the fair market value on the grant date. 2. Restricted Stock Units (RSS): RSS are another form of equity compensation where directors receive units that represent the right to receive TJ International, Inc. shares at a future date. Unlike stock options, RSS do not require a purchase, but rather involve the direct issuance of shares once vesting conditions are met. 3. Performance Shares: This type of award is linked to specified performance metrics established by the company. Nonemployee directors are granted shares of TJ International, Inc. subject to achieving predetermined goals within a specific performance period. The Iowa Nonemployee Directors Stock Plan reflects TJ International, Inc.'s commitment to attract and retain experienced and talented individuals to serve on its board of directors. It allows the company to foster a direct and substantial financial interest among directors, promoting their dedication and sense of ownership in driving the company's performance and safeguarding shareholders' interests. Overall, the Iowa Nonemployee Directors Stock Plan of TJ International, Inc. serves as a valuable tool in enticing qualified nonemployee directors, aligning their objectives with the company's long-term growth strategy, and reinforcing their commitment to contribute to the sustainable success of TJ International, Inc.

The Iowa Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company based in Iowa. This stock plan aims to offer attractive incentives to nonemployee directors, aligning their interests with those of the shareholders and motivating them to contribute to the growth and success of the organization. Under the Iowa Nonemployee Directors Stock Plan, nonemployee directors are granted stock options or restricted stock units (RSS), enabling them to acquire shares of TJ International, Inc. These options and RSS are typically subject to vesting requirements, offering a long-term incentive for directors to remain active and engaged in the company's activities. The plan consists of different types of equity-based awards, including: 1. Stock Options: These grants provide nonemployee directors the right to purchase TJ International, Inc. shares at a specified price (the exercise price) within a predetermined period. The exercise price is often set at the fair market value on the grant date. 2. Restricted Stock Units (RSS): RSS are another form of equity compensation where directors receive units that represent the right to receive TJ International, Inc. shares at a future date. Unlike stock options, RSS do not require a purchase, but rather involve the direct issuance of shares once vesting conditions are met. 3. Performance Shares: This type of award is linked to specified performance metrics established by the company. Nonemployee directors are granted shares of TJ International, Inc. subject to achieving predetermined goals within a specific performance period. The Iowa Nonemployee Directors Stock Plan reflects TJ International, Inc.'s commitment to attract and retain experienced and talented individuals to serve on its board of directors. It allows the company to foster a direct and substantial financial interest among directors, promoting their dedication and sense of ownership in driving the company's performance and safeguarding shareholders' interests. Overall, the Iowa Nonemployee Directors Stock Plan of TJ International, Inc. serves as a valuable tool in enticing qualified nonemployee directors, aligning their objectives with the company's long-term growth strategy, and reinforcing their commitment to contribute to the sustainable success of TJ International, Inc.