Missouri 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 Missouri Nonemployee Directors Stock Plan is a compensation program established by TJ International, Inc. for its nonemployee directors. It aims to provide these directors with an opportunity to own company stock, aligning their interests with the long-term success of the company. This plan is specifically designed for nonemployee directors based in Missouri. Under the Missouri Nonemployee Directors Stock Plan, eligible nonemployee directors of TJ International, Inc. are granted stock options or restricted stock units (RSS) as a form of compensation. These grants are subject to certain terms and conditions defined by the company and regulatory requirements. One type of stock grant offered under this plan is stock options. Stock options give nonemployee directors the right to purchase a specified number of company shares at a predetermined price, called the exercise price. These options typically have a vesting period, during which the directors must continue serving on the board to exercise their options fully. Another type of stock grant available is restricted stock units (RSS). RSS represents a promise to issue shares of company stock to nonemployee directors at a future date based on predetermined vesting conditions. Once the vesting requirements are met, RSS are converted into actual shares of the company's stock, giving the directors ownership in the company. The Missouri Nonemployee Directors Stock Plan encourages the nonemployee directors' loyalty and commitment to TJ International by granting them a stake in the company's performance. It also promotes the retention of experienced directors, attracting top talent to serve on the board. It is important to note that the specific details and provisions of the Missouri Nonemployee Directors Stock Plan may vary, and interested parties should refer to the official plan documents and agreements for comprehensive information. In summary, the Missouri Nonemployee Directors Stock Plan of TJ International, Inc. is a compensation program that allows nonemployee directors based in Missouri to receive stock grants, such as stock options and restricted stock units, as a form of compensation. These grants align the interests of the directors with the long-term success of the company, encouraging their loyalty and commitment.

The Missouri Nonemployee Directors Stock Plan is a compensation program established by TJ International, Inc. for its nonemployee directors. It aims to provide these directors with an opportunity to own company stock, aligning their interests with the long-term success of the company. This plan is specifically designed for nonemployee directors based in Missouri. Under the Missouri Nonemployee Directors Stock Plan, eligible nonemployee directors of TJ International, Inc. are granted stock options or restricted stock units (RSS) as a form of compensation. These grants are subject to certain terms and conditions defined by the company and regulatory requirements. One type of stock grant offered under this plan is stock options. Stock options give nonemployee directors the right to purchase a specified number of company shares at a predetermined price, called the exercise price. These options typically have a vesting period, during which the directors must continue serving on the board to exercise their options fully. Another type of stock grant available is restricted stock units (RSS). RSS represents a promise to issue shares of company stock to nonemployee directors at a future date based on predetermined vesting conditions. Once the vesting requirements are met, RSS are converted into actual shares of the company's stock, giving the directors ownership in the company. The Missouri Nonemployee Directors Stock Plan encourages the nonemployee directors' loyalty and commitment to TJ International by granting them a stake in the company's performance. It also promotes the retention of experienced directors, attracting top talent to serve on the board. It is important to note that the specific details and provisions of the Missouri Nonemployee Directors Stock Plan may vary, and interested parties should refer to the official plan documents and agreements for comprehensive information. In summary, the Missouri Nonemployee Directors Stock Plan of TJ International, Inc. is a compensation program that allows nonemployee directors based in Missouri to receive stock grants, such as stock options and restricted stock units, as a form of compensation. These grants align the interests of the directors with the long-term success of the company, encouraging their loyalty and commitment.