Ohio 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 Ohio Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program specifically designed for nonemployee directors of the company based in Ohio. This stock plan serves as a means to attract and retain talented individuals who contribute their expertise and knowledge to the company's board of directors. The Ohio Nonemployee Directors Stock Plan is designed to incentivize nonemployee directors by offering them an opportunity to acquire and hold shares of TJ International, Inc. stock. By doing so, these directors align their interests with those of the shareholders and contribute to the long-term success and growth of the company. This stock plan provides nonemployee directors with stock options or restricted stock units (RSS) as compensation. Stock options grant directors the right to purchase a specific number of company shares at a predetermined price, enabling them to benefit from any increase in the stock's value over time. On the other hand, RSS represent a commitment to distribute a certain number of shares to directors once certain conditions are met, such as remaining on the board for a specified period. By offering these types of compensation, TJ International, Inc. encourages nonemployee directors to actively participate in the company's governance, decision-making, and strategic planning. It also helps align their interests with those of the shareholders, fostering a sense of ownership and accountability. Under the Ohio Nonemployee Directors Stock Plan, there may be additional categories or tiers of stock grants based on director experience, tenure, or committee assignments. For example, there could be specific grants for committee chairs, lead directors, or directors who serve on multiple committees. These distinctions recognize the increased responsibilities and contributions of certain directors. It is important to note that the Ohio Nonemployee Directors Stock Plan complies with all applicable laws, regulations, and stock exchange requirements. The plan is subject to the approval of TJ International, Inc.'s shareholders and is administered by the company's board of directors or a designated committee. Overall, the Ohio Nonemployee Directors Stock Plan of TJ International, Inc. plays a crucial role in attracting, retaining, and motivating talented nonemployee directors by providing them with equity-based compensation. Through this plan, TJ International, Inc. aims to enhance corporate governance, align director interests with shareholder interests, and drive long-term value creation.

Ohio Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program specifically designed for nonemployee directors of the company based in Ohio. This stock plan serves as a means to attract and retain talented individuals who contribute their expertise and knowledge to the company's board of directors. The Ohio Nonemployee Directors Stock Plan is designed to incentivize nonemployee directors by offering them an opportunity to acquire and hold shares of TJ International, Inc. stock. By doing so, these directors align their interests with those of the shareholders and contribute to the long-term success and growth of the company. This stock plan provides nonemployee directors with stock options or restricted stock units (RSS) as compensation. Stock options grant directors the right to purchase a specific number of company shares at a predetermined price, enabling them to benefit from any increase in the stock's value over time. On the other hand, RSS represent a commitment to distribute a certain number of shares to directors once certain conditions are met, such as remaining on the board for a specified period. By offering these types of compensation, TJ International, Inc. encourages nonemployee directors to actively participate in the company's governance, decision-making, and strategic planning. It also helps align their interests with those of the shareholders, fostering a sense of ownership and accountability. Under the Ohio Nonemployee Directors Stock Plan, there may be additional categories or tiers of stock grants based on director experience, tenure, or committee assignments. For example, there could be specific grants for committee chairs, lead directors, or directors who serve on multiple committees. These distinctions recognize the increased responsibilities and contributions of certain directors. It is important to note that the Ohio Nonemployee Directors Stock Plan complies with all applicable laws, regulations, and stock exchange requirements. The plan is subject to the approval of TJ International, Inc.'s shareholders and is administered by the company's board of directors or a designated committee. Overall, the Ohio Nonemployee Directors Stock Plan of TJ International, Inc. plays a crucial role in attracting, retaining, and motivating talented nonemployee directors by providing them with equity-based compensation. Through this plan, TJ International, Inc. aims to enhance corporate governance, align director interests with shareholder interests, and drive long-term value creation.