Virginia 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 Virginia Nonemployee Directors Stock Plan is a comprehensive compensation program offered by TJ International, Inc. to its nonemployee directors based in Virginia. This plan is designed to align the interests of directors with those of shareholders by providing them with a stake in the company's success through stock-based incentives. Under the Virginia Nonemployee Directors Stock Plan, nonemployee directors of TJ International, Inc. are eligible to receive grants of the company's common stock or stock options. These grants are subject to various terms and conditions, which are outlined in the plan's detailed documentation. One of the main objectives of the Virginia Nonemployee Directors Stock Plan is to attract and retain highly qualified directors who can contribute to the company's long-term growth and success. By offering stock-based incentives, TJ International, Inc. aims to motivate directors to make decisions that enhance shareholder value and align their interests with those of the company. The Virginia Nonemployee Directors Stock Plan provides flexibility in the types of grants that can be awarded, allowing directors to receive either restricted stock units (RSS) or stock options. RSS represents a promise to deliver common stock to the director at a future date, whereas stock options grant the right to purchase company stock at a predetermined price within a specified timeframe. The plan also includes provisions for vesting schedules, which determine when directors can exercise their stock options or receive the underlying shares of RSS. Vesting periods typically incentivize directors to remain with the company for a certain period, ensuring their commitment and dedication towards long-term organizational goals. TJ International, Inc. recognizes the importance of providing competitive compensation to its nonemployee directors, as they bring valuable expertise and insights to the company's boardroom. The Virginia Nonemployee Directors Stock Plan serves as a crucial tool for attracting and retaining top board talent, aligning their interests with those of shareholders, and driving sustainable growth for the company. In summary, the Virginia Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program aimed at providing stock-based incentives to nonemployee directors in Virginia. By offering grants of common stock or stock options, this plan serves to align the interests of directors with those of shareholders, attract and retain top board talent, and drive the company's long-term growth and success.

The Virginia Nonemployee Directors Stock Plan is a comprehensive compensation program offered by TJ International, Inc. to its nonemployee directors based in Virginia. This plan is designed to align the interests of directors with those of shareholders by providing them with a stake in the company's success through stock-based incentives. Under the Virginia Nonemployee Directors Stock Plan, nonemployee directors of TJ International, Inc. are eligible to receive grants of the company's common stock or stock options. These grants are subject to various terms and conditions, which are outlined in the plan's detailed documentation. One of the main objectives of the Virginia Nonemployee Directors Stock Plan is to attract and retain highly qualified directors who can contribute to the company's long-term growth and success. By offering stock-based incentives, TJ International, Inc. aims to motivate directors to make decisions that enhance shareholder value and align their interests with those of the company. The Virginia Nonemployee Directors Stock Plan provides flexibility in the types of grants that can be awarded, allowing directors to receive either restricted stock units (RSS) or stock options. RSS represents a promise to deliver common stock to the director at a future date, whereas stock options grant the right to purchase company stock at a predetermined price within a specified timeframe. The plan also includes provisions for vesting schedules, which determine when directors can exercise their stock options or receive the underlying shares of RSS. Vesting periods typically incentivize directors to remain with the company for a certain period, ensuring their commitment and dedication towards long-term organizational goals. TJ International, Inc. recognizes the importance of providing competitive compensation to its nonemployee directors, as they bring valuable expertise and insights to the company's boardroom. The Virginia Nonemployee Directors Stock Plan serves as a crucial tool for attracting and retaining top board talent, aligning their interests with those of shareholders, and driving sustainable growth for the company. In summary, the Virginia Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program aimed at providing stock-based incentives to nonemployee directors in Virginia. By offering grants of common stock or stock options, this plan serves to align the interests of directors with those of shareholders, attract and retain top board talent, and drive the company's long-term growth and success.