Oklahoma 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 Oklahoma Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for the nonemployee directors of the company. This plan allows these individuals to be eligible for various stock-based incentives and rewards, fostering their alignment with the company's long-term growth objectives. Under the Oklahoma Nonemployee Directors Stock Plan, nonemployee directors are granted the opportunity to acquire shares of TJ International, Inc. stock, providing them with an ownership stake in the company and allowing them to benefit from its success. This stock is typically awarded in the form of equity grants, such as restricted stock units (RSS) or stock options. One type of incentive offered through the plan is restricted stock units (RSS). RSS are units of company stock that are granted to nonemployee directors, usually with certain vesting requirements. Once the RSS have vested, the nonemployee director receives the shares of stock, which they can either retain or sell. This arrangement motivates the directors to contribute to the company's growth and profitability since they directly benefit from the appreciation in stock value over time. Another type of incentive provided by the Oklahoma Nonemployee Directors Stock Plan is stock options. Stock options give nonemployee directors the right to purchase company stock at a predetermined price, known as the exercise price. These options typically have a vesting period and expiration date, urging the directors to make decisions that increase the company's stock value. If the stock price rises above the exercise price, the directors have the opportunity to acquire shares at a lower cost, profiting from the difference when they sell them. By implementing the Oklahoma Nonemployee Directors Stock Plan, TJ International, Inc. aims to attract and retain qualified directors, ensuring their commitment to the company's objectives. This compensation program incentivizes the nonemployee directors to contribute their expertise and guidance toward the company's overall success. Furthermore, it serves as a powerful tool in aligning the interests of the directors with those of shareholders, promoting shareholder value and long-term growth. In summary, the Oklahoma Nonemployee Directors Stock Plan of TJ International, Inc. is a robust compensation program tailored specifically for the nonemployee directors of the company. It offers incentives such as restricted stock units (RSS) and stock options, allowing these directors to gain ownership in the company, benefit from its growth, and contribute to its long-term success.