Cuyahoga Ohio Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Nonemployee Directors Stock Plan is a unique compensation program designed by TJ International, Inc. to reward its nonemployee directors with stock-based incentives. This plan is specifically tailored to empower these directors with a vested interest in the company's growth and success. TJ International, Inc. recognizes the immense value that their nonemployee directors bring to the organization, and as such, they have established this stock plan to align their interests further with the company's long-term goals. By offering stock-based compensation, TJ International, Inc. seeks to attract and retain highly experienced and knowledgeable professionals in the field who can contribute to the company's strategic decision-making. This stock plan provides nonemployee directors with the opportunity to acquire stock in TJ International, Inc. based on their performance, tenure, and contribution to the company's overall growth. The plan offers various types of stock incentives, each designed to cater to the diverse needs and preferences of directors. The types of Cuyahoga Ohio Nonemployee Directors Stock Plan options offered by TJ International, Inc. may include: 1. Restricted Stock Units (RSS): RSS are a popular choice among directors as they represent an ownership interest in TJ International, Inc. without actual stock ownership until certain vesting conditions are met. RSS grant directors the right to receive a specified number of company shares at a predetermined future date. 2. Stock Options: Stock options provide directors with the right, but not the obligation, to purchase company stock at a predetermined price within a specific timeframe. This type of incentive allows directors to benefit from the appreciation of TJ International, Inc.'s stock price over time. 3. Performance Shares: Performance shares grant directors stock-based rewards based on predefined performance goals. These goals may be linked to financial metrics, such as revenue growth or profitability, or non-financial metrics like market share expansion or successful product launches. 4. Stock Appreciation Rights (SARS): SARS provide directors with the opportunity to benefit from the increase in TJ International, Inc.'s stock price over a predetermined period. Rather than receiving actual shares, directors receive the difference between the stock price at the grant date and the stock price at exercise, either in cash or company stock. The Cuyahoga Ohio Nonemployee Directors Stock Plan of TJ International, Inc. not only serves as a valuable tool in attracting top talent to its board, but also reinforces a sense of ownership and commitment among nonemployee directors. It fosters a strong partnership between the company and these key decision-makers, ensuring their collective efforts contribute to the overall success and growth of TJ International, Inc.

The Cuyahoga Ohio Nonemployee Directors Stock Plan is a unique compensation program designed by TJ International, Inc. to reward its nonemployee directors with stock-based incentives. This plan is specifically tailored to empower these directors with a vested interest in the company's growth and success. TJ International, Inc. recognizes the immense value that their nonemployee directors bring to the organization, and as such, they have established this stock plan to align their interests further with the company's long-term goals. By offering stock-based compensation, TJ International, Inc. seeks to attract and retain highly experienced and knowledgeable professionals in the field who can contribute to the company's strategic decision-making. This stock plan provides nonemployee directors with the opportunity to acquire stock in TJ International, Inc. based on their performance, tenure, and contribution to the company's overall growth. The plan offers various types of stock incentives, each designed to cater to the diverse needs and preferences of directors. The types of Cuyahoga Ohio Nonemployee Directors Stock Plan options offered by TJ International, Inc. may include: 1. Restricted Stock Units (RSS): RSS are a popular choice among directors as they represent an ownership interest in TJ International, Inc. without actual stock ownership until certain vesting conditions are met. RSS grant directors the right to receive a specified number of company shares at a predetermined future date. 2. Stock Options: Stock options provide directors with the right, but not the obligation, to purchase company stock at a predetermined price within a specific timeframe. This type of incentive allows directors to benefit from the appreciation of TJ International, Inc.'s stock price over time. 3. Performance Shares: Performance shares grant directors stock-based rewards based on predefined performance goals. These goals may be linked to financial metrics, such as revenue growth or profitability, or non-financial metrics like market share expansion or successful product launches. 4. Stock Appreciation Rights (SARS): SARS provide directors with the opportunity to benefit from the increase in TJ International, Inc.'s stock price over a predetermined period. Rather than receiving actual shares, directors receive the difference between the stock price at the grant date and the stock price at exercise, either in cash or company stock. The Cuyahoga Ohio Nonemployee Directors Stock Plan of TJ International, Inc. not only serves as a valuable tool in attracting top talent to its board, but also reinforces a sense of ownership and commitment among nonemployee directors. It fosters a strong partnership between the company and these key decision-makers, ensuring their collective efforts contribute to the overall success and growth of TJ International, Inc.