Idaho 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 Idaho Nonemployee Directors Stock Plan is a specialized program created by TJ International, Inc. to incentivize and reward nonemployee directors for their valuable contributions, expertise, and commitment to the company's success. This plan allows nonemployee directors of TJ International, Inc. based in the state of Idaho to receive stock-based compensation in the form of company shares or stock options. Under the Idaho Nonemployee Directors Stock Plan, eligible nonemployee directors can receive a portion of their compensation in the form of company stock. This approach aligns the interests of nonemployee directors with that of the shareholders, as they directly benefit from the company's financial performance and increase in stock value. By offering this stock-based compensation, TJ International, Inc. aims to attract and retain talented directors who can contribute to strategic decision-making and overall corporate governance. The Idaho Nonemployee Directors Stock Plan provides a mechanism for nonemployee directors to accumulate company stock over time. This accumulation can enhance the directors' financial standing while also fostering a sense of ownership and commitment to TJ International, Inc.'s long-term success. Additionally, the plan may include provisions that allow for the issuance of stock options, enabling directors to purchase company stock at a predetermined price in the future. It's important to note that the Idaho Nonemployee Directors Stock Plan may have several variations or sub-plans based on specific conditions, such as tenure, performance, or board committee involvement. These sub-plans could include the Idaho Nonemployee Directors Stock Plan for New Directors, the Idaho Nonemployee Directors Stock Plan for Long-Term Directors, or the Idaho Nonemployee Directors Stock Plan for Committee Chairs. These variations tailor the stock-based compensation to different categories of nonemployee directors and their respective contributions to the company. Overall, the Idaho Nonemployee Directors Stock Plan of TJ International, Inc. demonstrates the company's commitment to ensuring the alignment of interests between nonemployee directors and shareholders. By providing an opportunity for these directors to accumulate company stock, TJ International, Inc. can attract and retain highly qualified individuals who play a critical role in guiding the company's direction and success.

The Idaho Nonemployee Directors Stock Plan is a specialized program created by TJ International, Inc. to incentivize and reward nonemployee directors for their valuable contributions, expertise, and commitment to the company's success. This plan allows nonemployee directors of TJ International, Inc. based in the state of Idaho to receive stock-based compensation in the form of company shares or stock options. Under the Idaho Nonemployee Directors Stock Plan, eligible nonemployee directors can receive a portion of their compensation in the form of company stock. This approach aligns the interests of nonemployee directors with that of the shareholders, as they directly benefit from the company's financial performance and increase in stock value. By offering this stock-based compensation, TJ International, Inc. aims to attract and retain talented directors who can contribute to strategic decision-making and overall corporate governance. The Idaho Nonemployee Directors Stock Plan provides a mechanism for nonemployee directors to accumulate company stock over time. This accumulation can enhance the directors' financial standing while also fostering a sense of ownership and commitment to TJ International, Inc.'s long-term success. Additionally, the plan may include provisions that allow for the issuance of stock options, enabling directors to purchase company stock at a predetermined price in the future. It's important to note that the Idaho Nonemployee Directors Stock Plan may have several variations or sub-plans based on specific conditions, such as tenure, performance, or board committee involvement. These sub-plans could include the Idaho Nonemployee Directors Stock Plan for New Directors, the Idaho Nonemployee Directors Stock Plan for Long-Term Directors, or the Idaho Nonemployee Directors Stock Plan for Committee Chairs. These variations tailor the stock-based compensation to different categories of nonemployee directors and their respective contributions to the company. Overall, the Idaho Nonemployee Directors Stock Plan of TJ International, Inc. demonstrates the company's commitment to ensuring the alignment of interests between nonemployee directors and shareholders. By providing an opportunity for these directors to accumulate company stock, TJ International, Inc. can attract and retain highly qualified individuals who play a critical role in guiding the company's direction and success.