North Dakota 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 North Dakota Nonemployee Directors Stock Plan of TJ International, Inc. refers to a comprehensive compensation program designed specifically for nonemployee directors of the company. The plan aims to provide incentives and rewards for the contributions made by these directors in order to align their interests with the long-term success and shareholder value of TJ International, Inc. Under this stock plan, nonemployee directors are granted stock options or restricted stock units (RSS) as a form of equity-based compensation. These grants are typically made on an annual basis, with the number of shares or units determined by various factors, including the director's service and performance metrics. The stock options granted through the North Dakota Nonemployee Directors Stock Plan allow directors to purchase company stock at a predetermined price, known as the exercise price. These options usually have a specific vesting schedule, which specifies when and how the options can be exercised. Directors may exercise their vested options and acquire shares of TJ International, Inc.'s common stock, enabling them to benefit from any future increase in the stock price. On the other hand, RSS granted under the plan represent a promise to deliver shares of the company's stock to the directors at a future date. RSS typically vest over a specific period, after which the directors receive the shares equivalent to the value of the RSS. The North Dakota Nonemployee Directors Stock Plan of TJ International, Inc. plays a crucial role in attracting and retaining talented and experienced directors, as it offers them an opportunity to become shareholders and align their interests with those of the company. By providing stock-based compensation, TJ International, Inc. encourages directors to remain committed to the company's long-term growth and shareholder value. Overall, the North Dakota Nonemployee Directors Stock Plan of TJ International, Inc. emphasizes the importance of recognizing and rewarding the contributions of nonemployee directors, ensuring their continued dedication and commitment towards the company. By offering equity-based compensation, TJ International, Inc. strives to create a strong sense of ownership and alignment between the directors and the company's success.

The North Dakota Nonemployee Directors Stock Plan of TJ International, Inc. refers to a comprehensive compensation program designed specifically for nonemployee directors of the company. The plan aims to provide incentives and rewards for the contributions made by these directors in order to align their interests with the long-term success and shareholder value of TJ International, Inc. Under this stock plan, nonemployee directors are granted stock options or restricted stock units (RSS) as a form of equity-based compensation. These grants are typically made on an annual basis, with the number of shares or units determined by various factors, including the director's service and performance metrics. The stock options granted through the North Dakota Nonemployee Directors Stock Plan allow directors to purchase company stock at a predetermined price, known as the exercise price. These options usually have a specific vesting schedule, which specifies when and how the options can be exercised. Directors may exercise their vested options and acquire shares of TJ International, Inc.'s common stock, enabling them to benefit from any future increase in the stock price. On the other hand, RSS granted under the plan represent a promise to deliver shares of the company's stock to the directors at a future date. RSS typically vest over a specific period, after which the directors receive the shares equivalent to the value of the RSS. The North Dakota Nonemployee Directors Stock Plan of TJ International, Inc. plays a crucial role in attracting and retaining talented and experienced directors, as it offers them an opportunity to become shareholders and align their interests with those of the company. By providing stock-based compensation, TJ International, Inc. encourages directors to remain committed to the company's long-term growth and shareholder value. Overall, the North Dakota Nonemployee Directors Stock Plan of TJ International, Inc. emphasizes the importance of recognizing and rewarding the contributions of nonemployee directors, ensuring their continued dedication and commitment towards the company. By offering equity-based compensation, TJ International, Inc. strives to create a strong sense of ownership and alignment between the directors and the company's success.