Kentucky 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 Kentucky Nonemployee Directors Stock Plan is a key component of TJ International, Inc.'s compensation package for nonemployee directors based in Kentucky. This comprehensive stock plan aims to incentivize and reward these directors for their contributions to the company's strategic decision-making and governance. Under this stock plan, nonemployee directors of TJ International, Inc. are granted the opportunity to acquire company stocks, allowing them to directly participate in the company's growth and success. The plan is carefully designed to align the interests of these directors with shareholders and foster long-term commitment to enhancing shareholder value. Key elements of the Kentucky Nonemployee Directors Stock Plan include equity grants, vesting schedules, exercise periods, and various eligibility criteria. By providing directors with equity, TJ International, Inc. establishes a powerful link between their performance and shareholder return, promoting a mutual focus on driving the company's financial performance and overall success. Additionally, the plan offers flexibility in terms of the types of equity grants available to nonemployee directors. These grants can include stock options, restricted stock units (RSS), performance-based stock units (Plus), or a combination thereof, based on the company's discretion and specific circumstances. Each type of grant operates on its unique terms and conditions, with variations in vesting schedules, exercise prices, and other specifications. The Kentucky Nonemployee Directors Stock Plan is aimed at attracting and retaining highly skilled and experienced individuals to serve on the company's board of directors. This compensation program is designed in compliance with relevant legal and regulatory requirements while ensuring competitive benefits. By participating in this stock plan, nonemployee directors not only gain a direct stake in the company's performance but also contribute their expertise and guidance to propel TJ International, Inc. towards its strategic objectives. Overall, the Kentucky Nonemployee Directors Stock Plan of TJ International, Inc. provides an attractive framework for nonemployee directors in Kentucky to align their interests with shareholders and contribute meaningfully to the company's growth. The plan's flexibility, equity grants, and eligibility criteria ensure that qualified directors are incentivized appropriately while complying with regulatory guidelines.

The Kentucky Nonemployee Directors Stock Plan is a key component of TJ International, Inc.'s compensation package for nonemployee directors based in Kentucky. This comprehensive stock plan aims to incentivize and reward these directors for their contributions to the company's strategic decision-making and governance. Under this stock plan, nonemployee directors of TJ International, Inc. are granted the opportunity to acquire company stocks, allowing them to directly participate in the company's growth and success. The plan is carefully designed to align the interests of these directors with shareholders and foster long-term commitment to enhancing shareholder value. Key elements of the Kentucky Nonemployee Directors Stock Plan include equity grants, vesting schedules, exercise periods, and various eligibility criteria. By providing directors with equity, TJ International, Inc. establishes a powerful link between their performance and shareholder return, promoting a mutual focus on driving the company's financial performance and overall success. Additionally, the plan offers flexibility in terms of the types of equity grants available to nonemployee directors. These grants can include stock options, restricted stock units (RSS), performance-based stock units (Plus), or a combination thereof, based on the company's discretion and specific circumstances. Each type of grant operates on its unique terms and conditions, with variations in vesting schedules, exercise prices, and other specifications. The Kentucky Nonemployee Directors Stock Plan is aimed at attracting and retaining highly skilled and experienced individuals to serve on the company's board of directors. This compensation program is designed in compliance with relevant legal and regulatory requirements while ensuring competitive benefits. By participating in this stock plan, nonemployee directors not only gain a direct stake in the company's performance but also contribute their expertise and guidance to propel TJ International, Inc. towards its strategic objectives. Overall, the Kentucky Nonemployee Directors Stock Plan of TJ International, Inc. provides an attractive framework for nonemployee directors in Kentucky to align their interests with shareholders and contribute meaningfully to the company's growth. The plan's flexibility, equity grants, and eligibility criteria ensure that qualified directors are incentivized appropriately while complying with regulatory guidelines.