The Wisconsin Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive and strategic program aimed at providing nonemployee directors of the company with stock-based compensation. This plan offers various types of equity awards and benefits to enhance the directors' participation in TJ International's growth and success. Under the Wisconsin Nonemployee Directors Stock Plan, participating directors have the opportunity to receive stock options, restricted stock units (RSS), and performance share units (Plus) as part of their compensation package. These awards play a crucial role in aligning the directors' interests with the long-term success of the company, encouraging them to make decisions that benefit shareholders and promote sustainable growth. 1. Stock Options: This type of award grants nonemployee directors the right to purchase shares of TJ International's common stock at a predetermined exercise price within a specified period. Stock options provide a valuable incentive for directors to contribute to the company's performance and share in its financial gains. 2. Restricted Stock Units (RSS): RSS represent the right to receive a specific number of shares of TJ International's common stock after a vesting period. These units are usually subject to certain performance-based or time-based restrictions that ensure directors' continued dedication and contribution to the company. 3. Performance Share Units (Plus): This type of equity award is tied to the achievement of performance goals established by TJ International. Upon meeting these predetermined targets, nonemployee directors receive a specified number of shares. Plus are a powerful tool that motivates directors to drive the company's performance and meet key strategic objectives. The Wisconsin Nonemployee Directors Stock Plan of TJ International, Inc. aims to attract and retain highly qualified individuals to serve on the company's board of directors. By offering these comprehensive stock-based compensation options, TJ International demonstrates its commitment to recognizing and rewarding the valuable contributions made by its nonemployee directors. This plan serves as a means to align the interests of directors with shareholders and foster a culture of accountability, excellence, and long-term sustainable growth within the company.
Wisconsin Nonemployee Directors Stock Plan of TJ International, Inc.
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