Washington 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 Washington Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company based in Washington. It provides an opportunity for these directors to receive stock-based awards as part of their compensation package. Under the Washington Nonemployee Directors Stock Plan, the participating directors are granted various types of equity awards, which incentivize their long-term commitment and alignment with the company's financial performance. The stock-based awards allow the directors to share in the company's success and motivate them to contribute to its growth and shareholder value. The plan offers different types of awards, including stock options, restricted stock units (RSS), and performance-based stock units (Plus). These awards are structured to reward the directors based on their individual contributions, the company's overall performance, or both. Stock options grant the directors the right to purchase a certain number of company shares at a predetermined price, known as the exercise price. These options typically have a vesting period, during which the director must fulfill certain requirements, such as serving a specific period on the board, before exercising the options. Restricted stock units (RSS) are granted as a certain number of company shares but are subject to restrictions, such as a vesting schedule or performance goals. They become fully vested and transferable to the director upon the fulfillment of these conditions. Performance-based stock units (Plus) tie the award's vesting to specific performance targets achieved by the company. These targets can include financial goals, such as revenue or earnings growth, or non-financial objectives like market share expansion or successful product launches. If the company meets or exceeds these goals, the directors receive the corresponding number of shares. The Washington Nonemployee Directors Stock Plan aims to attract and retain qualified directors by providing them with an equity stake in the company. This aligns the interests of the directors with those of the shareholders and creates a sense of ownership and commitment to the company's success. The plan also promotes a long-term perspective among directors, ensuring their sustained engagement in the company's strategic decision-making processes. Overall, the Washington Nonemployee Directors Stock Plan of TJ International, Inc. incentivizes nonemployee directors by offering stock-based awards, including stock options, restricted stock units, and performance-based stock units. These awards foster a strong bond between directors and shareholders, encouraging the directors' active involvement in driving the company's growth while enhancing their personal financial upside.

The Washington Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company based in Washington. It provides an opportunity for these directors to receive stock-based awards as part of their compensation package. Under the Washington Nonemployee Directors Stock Plan, the participating directors are granted various types of equity awards, which incentivize their long-term commitment and alignment with the company's financial performance. The stock-based awards allow the directors to share in the company's success and motivate them to contribute to its growth and shareholder value. The plan offers different types of awards, including stock options, restricted stock units (RSS), and performance-based stock units (Plus). These awards are structured to reward the directors based on their individual contributions, the company's overall performance, or both. Stock options grant the directors the right to purchase a certain number of company shares at a predetermined price, known as the exercise price. These options typically have a vesting period, during which the director must fulfill certain requirements, such as serving a specific period on the board, before exercising the options. Restricted stock units (RSS) are granted as a certain number of company shares but are subject to restrictions, such as a vesting schedule or performance goals. They become fully vested and transferable to the director upon the fulfillment of these conditions. Performance-based stock units (Plus) tie the award's vesting to specific performance targets achieved by the company. These targets can include financial goals, such as revenue or earnings growth, or non-financial objectives like market share expansion or successful product launches. If the company meets or exceeds these goals, the directors receive the corresponding number of shares. The Washington Nonemployee Directors Stock Plan aims to attract and retain qualified directors by providing them with an equity stake in the company. This aligns the interests of the directors with those of the shareholders and creates a sense of ownership and commitment to the company's success. The plan also promotes a long-term perspective among directors, ensuring their sustained engagement in the company's strategic decision-making processes. Overall, the Washington Nonemployee Directors Stock Plan of TJ International, Inc. incentivizes nonemployee directors by offering stock-based awards, including stock options, restricted stock units, and performance-based stock units. These awards foster a strong bond between directors and shareholders, encouraging the directors' active involvement in driving the company's growth while enhancing their personal financial upside.