Kansas 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 Kansas Nonemployee Directors Stock Plan is an integral part of TJ International, Inc.'s compensation and retention strategy for its nonemployee directors based in the state of Kansas. This plan is designed to provide these directors with a means to acquire shares in the company, aligning their interests with TJ International's long-term success. Under the Kansas Nonemployee Directors Stock Plan, eligible directors are granted stock options or restricted stock units (RSS) as a part of their compensation package. These incentives are awarded to enhance the directors' motivation to contribute to the company's growth and shareholder value. By granting them ownership in the form of stock grants or options, TJ International encourages their active participation and dedication. The stock options granted within the Kansas Nonemployee Directors Stock Plan allow eligible directors to purchase shares of TJ International's common stock at a predetermined price, typically referred to as the exercise price. These options often have a vesting period, during which the director must wait before exercising the options. This encourages the director's continued engagement with the company and rewards their long-term commitment. On the other hand, restricted stock units (RSS) are another type of equity incentive offered under this plan. RSS represents a commitment by TJ International to issue shares of stock to the nonemployee directors at a future date upon the satisfaction of certain conditions, such as vesting requirements or fulfilling performance milestones. RSS provides the directors with a guaranteed ownership interest, which may be subject to restrictions until particular criteria are met. The Kansas Nonemployee Directors Stock Plan is carefully designed to comply with relevant regulations and frameworks, ensuring that the compensation and equity incentives provided to directors are fair, competitive, and aligned with shareholders' interests. This plan aims to attract and retain highly qualified directors who possess the expertise and experience necessary for TJ International's sustained growth and success. In summary, the Kansas Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program that offers stock options and restricted stock units to nonemployee directors in Kansas. These incentives foster loyalty, motivation, and a strong alignment between the directors' interests and the company's performance objectives.

The Kansas Nonemployee Directors Stock Plan is an integral part of TJ International, Inc.'s compensation and retention strategy for its nonemployee directors based in the state of Kansas. This plan is designed to provide these directors with a means to acquire shares in the company, aligning their interests with TJ International's long-term success. Under the Kansas Nonemployee Directors Stock Plan, eligible directors are granted stock options or restricted stock units (RSS) as a part of their compensation package. These incentives are awarded to enhance the directors' motivation to contribute to the company's growth and shareholder value. By granting them ownership in the form of stock grants or options, TJ International encourages their active participation and dedication. The stock options granted within the Kansas Nonemployee Directors Stock Plan allow eligible directors to purchase shares of TJ International's common stock at a predetermined price, typically referred to as the exercise price. These options often have a vesting period, during which the director must wait before exercising the options. This encourages the director's continued engagement with the company and rewards their long-term commitment. On the other hand, restricted stock units (RSS) are another type of equity incentive offered under this plan. RSS represents a commitment by TJ International to issue shares of stock to the nonemployee directors at a future date upon the satisfaction of certain conditions, such as vesting requirements or fulfilling performance milestones. RSS provides the directors with a guaranteed ownership interest, which may be subject to restrictions until particular criteria are met. The Kansas Nonemployee Directors Stock Plan is carefully designed to comply with relevant regulations and frameworks, ensuring that the compensation and equity incentives provided to directors are fair, competitive, and aligned with shareholders' interests. This plan aims to attract and retain highly qualified directors who possess the expertise and experience necessary for TJ International's sustained growth and success. In summary, the Kansas Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program that offers stock options and restricted stock units to nonemployee directors in Kansas. These incentives foster loyalty, motivation, and a strong alignment between the directors' interests and the company's performance objectives.