Alameda California Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Alameda
• 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 Alameda California Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive program designed to attract and retain nonemployee directors through the issuance of company stock. This plan is specifically tailored for TJ International, Inc., a company based in Alameda, California, that recognizes the valuable contributions made by its nonemployee directors. Under this stock plan, nonemployee directors are provided with the opportunity to acquire shares of TJ International, Inc. stock, thereby aligning their interests with the long-term success of the company. By owning company stock, these directors become vested in the growth and profitability of TJ International, Inc., motivating them to make sound and strategic decisions that benefit both the company and its shareholders. The Alameda California Nonemployee Directors Stock Plan offers various types of stock, each serving different purposes and having specific requirements. These types include: 1. Restricted Stock Units (RSS): RSS are a popular form of equity compensation provided to nonemployee directors. These units represent a right to receive shares of TJ International, Inc. stock at a future date, usually upon the satisfaction of certain vesting conditions. RSS allow directors to participate in the value appreciation of the company's stock over time. 2. Stock Options: Stock options give nonemployee directors the opportunity to purchase shares of TJ International, Inc. stock at a predetermined price, known as the exercise price. These options typically have a vesting period and an expiration date, during which directors can exercise the options. If the stock price rises above the exercise price, directors can profit by exercising their options and selling the acquired shares. 3. Performance Shares: Performance shares are granted to nonemployee directors based on certain predetermined performance goals, such as achieving specific financial targets or meeting strategic objectives. Directors receive shares of TJ International, Inc. stock upon the successful achievement of these goals, incentivizing them to contribute to the company's growth and success. It is important to note that the specifics of the Alameda California Nonemployee Directors Stock Plan may vary depending on the terms set by TJ International, Inc. The plan might include additional provisions, such as dividend equivalents, stock grants, or stock appreciation rights, tailored to meet the needs and objectives of the company and its nonemployee directors. Overall, the Alameda California Nonemployee Directors Stock Plan of TJ International, Inc. serves as a powerful tool to attract, reward, and retain talented nonemployee directors. By offering the opportunity to acquire company stock, this plan aligns the interests of directors with those of shareholders, fostering a culture of ownership, accountability, and commitment to long-term value creation.

The Alameda California Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive program designed to attract and retain nonemployee directors through the issuance of company stock. This plan is specifically tailored for TJ International, Inc., a company based in Alameda, California, that recognizes the valuable contributions made by its nonemployee directors. Under this stock plan, nonemployee directors are provided with the opportunity to acquire shares of TJ International, Inc. stock, thereby aligning their interests with the long-term success of the company. By owning company stock, these directors become vested in the growth and profitability of TJ International, Inc., motivating them to make sound and strategic decisions that benefit both the company and its shareholders. The Alameda California Nonemployee Directors Stock Plan offers various types of stock, each serving different purposes and having specific requirements. These types include: 1. Restricted Stock Units (RSS): RSS are a popular form of equity compensation provided to nonemployee directors. These units represent a right to receive shares of TJ International, Inc. stock at a future date, usually upon the satisfaction of certain vesting conditions. RSS allow directors to participate in the value appreciation of the company's stock over time. 2. Stock Options: Stock options give nonemployee directors the opportunity to purchase shares of TJ International, Inc. stock at a predetermined price, known as the exercise price. These options typically have a vesting period and an expiration date, during which directors can exercise the options. If the stock price rises above the exercise price, directors can profit by exercising their options and selling the acquired shares. 3. Performance Shares: Performance shares are granted to nonemployee directors based on certain predetermined performance goals, such as achieving specific financial targets or meeting strategic objectives. Directors receive shares of TJ International, Inc. stock upon the successful achievement of these goals, incentivizing them to contribute to the company's growth and success. It is important to note that the specifics of the Alameda California Nonemployee Directors Stock Plan may vary depending on the terms set by TJ International, Inc. The plan might include additional provisions, such as dividend equivalents, stock grants, or stock appreciation rights, tailored to meet the needs and objectives of the company and its nonemployee directors. Overall, the Alameda California Nonemployee Directors Stock Plan of TJ International, Inc. serves as a powerful tool to attract, reward, and retain talented nonemployee directors. By offering the opportunity to acquire company stock, this plan aligns the interests of directors with those of shareholders, fostering a culture of ownership, accountability, and commitment to long-term value creation.