Virgin Islands 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 Virgin Islands Nonemployee Directors Stock Plan is a comprehensive compensation program designed specifically for nonemployee directors of TJ International, Inc. Based in the beautiful Virgin Islands, this plan aims to attract experienced and talented directors by offering them an opportunity to be shareholders in the company. This stock plan grants nonemployee directors the right to acquire and own shares of TJ International, Inc. stock. It serves as a mechanism to align the interests of directors with those of the company's shareholders, promoting growth, profitability, and long-term sustainability. Through this program, directors have the chance to actively participate in the company's success and benefit from its financial performance. Under the Virgin Islands Nonemployee Directors Stock Plan, there are various types of stock grants available to eligible directors. These include stock options, restricted stock units (RSS), and performance stock units (Plus). Each type of grant offers different benefits and conditions, ensuring a flexible and tailored compensation structure. 1. Stock Options: Nonemployee directors may be granted stock options, which give them the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. These options usually come with a specific vesting period and expiration date, incentivizing directors to contribute to the company's growth over time. 2. Restricted Stock Units (RSS): Another type of grant offered under the plan is RSS. Unlike stock options, RSS grant nonemployee directors the actual shares of the company, subject to certain restrictions and vesting schedules. Upon vesting, directors receive the full ownership rights and benefits associated with the granted shares. 3. Performance Stock Units (Plus): TJ International, Inc. may also award directors with Plus, which are tied to the achievement of specific performance goals. These goals can be based on financial metrics, stock price targets, or other predetermined objectives. Once the goals are met, directors are eligible to receive a predetermined number of shares, providing an additional incentive for exceptional performance. The Virgin Islands Nonemployee Directors Stock Plan plays a crucial role in attracting and retaining highly skilled directors, promoting their active involvement and aligning their interests with the company's strategic objectives. By offering a mix of stock options, RSS, and Plus, TJ International, Inc. ensures a comprehensive and competitive compensation program for its nonemployee directors, showcasing their importance in driving the company's success.

The Virgin Islands Nonemployee Directors Stock Plan is a comprehensive compensation program designed specifically for nonemployee directors of TJ International, Inc. Based in the beautiful Virgin Islands, this plan aims to attract experienced and talented directors by offering them an opportunity to be shareholders in the company. This stock plan grants nonemployee directors the right to acquire and own shares of TJ International, Inc. stock. It serves as a mechanism to align the interests of directors with those of the company's shareholders, promoting growth, profitability, and long-term sustainability. Through this program, directors have the chance to actively participate in the company's success and benefit from its financial performance. Under the Virgin Islands Nonemployee Directors Stock Plan, there are various types of stock grants available to eligible directors. These include stock options, restricted stock units (RSS), and performance stock units (Plus). Each type of grant offers different benefits and conditions, ensuring a flexible and tailored compensation structure. 1. Stock Options: Nonemployee directors may be granted stock options, which give them the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. These options usually come with a specific vesting period and expiration date, incentivizing directors to contribute to the company's growth over time. 2. Restricted Stock Units (RSS): Another type of grant offered under the plan is RSS. Unlike stock options, RSS grant nonemployee directors the actual shares of the company, subject to certain restrictions and vesting schedules. Upon vesting, directors receive the full ownership rights and benefits associated with the granted shares. 3. Performance Stock Units (Plus): TJ International, Inc. may also award directors with Plus, which are tied to the achievement of specific performance goals. These goals can be based on financial metrics, stock price targets, or other predetermined objectives. Once the goals are met, directors are eligible to receive a predetermined number of shares, providing an additional incentive for exceptional performance. The Virgin Islands Nonemployee Directors Stock Plan plays a crucial role in attracting and retaining highly skilled directors, promoting their active involvement and aligning their interests with the company's strategic objectives. By offering a mix of stock options, RSS, and Plus, TJ International, Inc. ensures a comprehensive and competitive compensation program for its nonemployee directors, showcasing their importance in driving the company's success.