Collin Texas Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Nonemployee Directors Stock Plan is a comprehensive equity compensation program offered by TJ International, Inc. to its nonemployee directors based in Collin, Texas. This plan has been designed to provide eligible directors with an opportunity to acquire and hold shares of TJ International's common stock as a way to align their interests with those of the company's shareholders. Keywords: Collin Texas, Nonemployee Directors Stock Plan, TJ International Inc., equity compensation, nonemployee directors, common stock, shareholders. Under this plan, participating nonemployee directors are granted stock options, restricted stock units (RSS), or a combination of both, depending on their eligibility and the discretion of the Board of Directors. These stock options and RSS serve as incentives for the directors to contribute their expertise and guidance in the company's strategic decision-making processes. The stock options provide nonemployee directors with the right to purchase a specific number of shares of TJ International's common stock at a predetermined exercise price. This exercise price is typically set at the fair market value of the stock on the date of grant. The options usually have a vesting period, which means that the directors need to fulfill certain service requirements before they can exercise their options and acquire the underlying shares. On the other hand, RSS represent a promise to deliver a certain number of shares of TJ International's common stock to the nonemployee directors at a future date. These units have vesting provisions, typically over a period of several years, ensuring the directors' continued commitment to the company. Once the RSS have vested, the directors receive the equivalent value of shares in the form of actual common stock or cash. By offering these equity compensation vehicles, the Collin Texas Nonemployee Directors Stock Plan aims to encourage the long-term engagement and dedication of nonemployee directors to TJ International. It aligns their financial interests with those of the shareholders, promoting a sense of ownership and a stronger commitment to the company's success. Additionally, it provides an opportunity for nonemployee directors to share in the growth and value creation of TJ International, further motivating their active participation in board activities. Overall, the Collin Texas Nonemployee Directors Stock Plan of TJ International, Inc. serves as a valuable tool for attracting and retaining talented directors by providing them with the chance to directly benefit from the company's performance.

The Collin Texas Nonemployee Directors Stock Plan is a comprehensive equity compensation program offered by TJ International, Inc. to its nonemployee directors based in Collin, Texas. This plan has been designed to provide eligible directors with an opportunity to acquire and hold shares of TJ International's common stock as a way to align their interests with those of the company's shareholders. Keywords: Collin Texas, Nonemployee Directors Stock Plan, TJ International Inc., equity compensation, nonemployee directors, common stock, shareholders. Under this plan, participating nonemployee directors are granted stock options, restricted stock units (RSS), or a combination of both, depending on their eligibility and the discretion of the Board of Directors. These stock options and RSS serve as incentives for the directors to contribute their expertise and guidance in the company's strategic decision-making processes. The stock options provide nonemployee directors with the right to purchase a specific number of shares of TJ International's common stock at a predetermined exercise price. This exercise price is typically set at the fair market value of the stock on the date of grant. The options usually have a vesting period, which means that the directors need to fulfill certain service requirements before they can exercise their options and acquire the underlying shares. On the other hand, RSS represent a promise to deliver a certain number of shares of TJ International's common stock to the nonemployee directors at a future date. These units have vesting provisions, typically over a period of several years, ensuring the directors' continued commitment to the company. Once the RSS have vested, the directors receive the equivalent value of shares in the form of actual common stock or cash. By offering these equity compensation vehicles, the Collin Texas Nonemployee Directors Stock Plan aims to encourage the long-term engagement and dedication of nonemployee directors to TJ International. It aligns their financial interests with those of the shareholders, promoting a sense of ownership and a stronger commitment to the company's success. Additionally, it provides an opportunity for nonemployee directors to share in the growth and value creation of TJ International, further motivating their active participation in board activities. Overall, the Collin Texas Nonemployee Directors Stock Plan of TJ International, Inc. serves as a valuable tool for attracting and retaining talented directors by providing them with the chance to directly benefit from the company's performance.