Bronx New York Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bronx
• 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 Bronx New York Nonemployee Directors Stock Plan is a program established by TJ International, Inc. to provide its nonemployee directors with an opportunity to acquire shares of the company's stock. This plan offers various types of stock options and benefits to nonemployee directors, ensuring they are valued and rewarded for their contributions to the company. The different types of Bronx New York Nonemployee Directors Stock Plan of TJ International, Inc. include: 1. Stock Option Grants: Nonemployee directors are granted the option to purchase a specific number of shares of TJ International, Inc. stock at a predetermined price, known as the exercise price. These stock options typically vest over a specified period, encouraging long-term commitment and alignment with the company's performance. 2. Stock Appreciation Rights (SARS): SARS provide nonemployee directors with the opportunity to receive cash or stock based on the increase in the company's stock price over a predetermined period. This allows directors to benefit from the growth of the company without purchasing shares directly. 3. Restricted Stock Units (RSS): RSS grant nonemployee directors a future right to receive shares of TJ International, Inc. stock. These units usually vest over time or upon the achievement of specific performance milestones, ensuring alignment between directors' interests and company success. 4. Dividend Equivalent Units (Zeus): Zeus is a type of benefit associated with RSS. Nonemployee directors receive cash or additional RSS equal to the amount of dividends paid on the underlying shares before they vest. By offering these various types of stock options and benefits, TJ International, Inc. aims to attract and retain highly qualified nonemployee directors who can contribute to the company's strategic growth and long-term success. The Bronx New York Nonemployee Directors Stock Plan serves as an important incentive for these directors to actively participate in the company's decision-making processes and drive shareholder value.

Bronx New York Nonemployee Directors Stock Plan is a program established by TJ International, Inc. to provide its nonemployee directors with an opportunity to acquire shares of the company's stock. This plan offers various types of stock options and benefits to nonemployee directors, ensuring they are valued and rewarded for their contributions to the company. The different types of Bronx New York Nonemployee Directors Stock Plan of TJ International, Inc. include: 1. Stock Option Grants: Nonemployee directors are granted the option to purchase a specific number of shares of TJ International, Inc. stock at a predetermined price, known as the exercise price. These stock options typically vest over a specified period, encouraging long-term commitment and alignment with the company's performance. 2. Stock Appreciation Rights (SARS): SARS provide nonemployee directors with the opportunity to receive cash or stock based on the increase in the company's stock price over a predetermined period. This allows directors to benefit from the growth of the company without purchasing shares directly. 3. Restricted Stock Units (RSS): RSS grant nonemployee directors a future right to receive shares of TJ International, Inc. stock. These units usually vest over time or upon the achievement of specific performance milestones, ensuring alignment between directors' interests and company success. 4. Dividend Equivalent Units (Zeus): Zeus is a type of benefit associated with RSS. Nonemployee directors receive cash or additional RSS equal to the amount of dividends paid on the underlying shares before they vest. By offering these various types of stock options and benefits, TJ International, Inc. aims to attract and retain highly qualified nonemployee directors who can contribute to the company's strategic growth and long-term success. The Bronx New York Nonemployee Directors Stock Plan serves as an important incentive for these directors to actively participate in the company's decision-making processes and drive shareholder value.