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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Dallas
• 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 Dallas Texas Nonemployee Directors Stock Plan of TJ International, Inc. is a fiduciary arrangement designed by TJ International, Inc. to provide stock-based compensation to its nonemployee directors in the Dallas, Texas area. This plan aims to attract and retain highly skilled and experienced individuals to serve on the company's board of directors, ensuring that the company benefits from their knowledge and expertise. The Dallas Texas Nonemployee Directors Stock Plan offers various types of stock-based compensation, allowing nonemployee directors to align their interests with those of the shareholders and contribute to the long-term success of TJ International, Inc. Some different types of stock-based compensation under this plan are: 1. Stock Options: Nonemployee directors are granted the opportunity to purchase a specific number of company shares at a predetermined exercise price. These options typically have a vesting period and an expiration date, encouraging directors to stay committed to the company and participate in its growth. 2. Restricted Stock Units (RSS): RSS are grants of company stock units that will be distributed to nonemployee directors at a future date upon meeting specific conditions, such as the completion of a designated service period. RSS serve as an incentive for long-term commitment and are usually subject to vesting conditions to ensure director dedication. 3. Performance Shares: This type of stock-based compensation is tied to specific performance goals or metrics set by TJ International, Inc. Nonemployee directors receive shares based on their performance, promoting accountability and aligning their efforts with the company's overall objectives. 4. Stock Appreciation Rights (SARS): SARS provide nonemployee directors with the right to receive the appreciation in the company's stock value over a specific timeframe. SARS grant directors the opportunity to benefit from the company's growth without purchasing the actual shares. The Dallas Texas Nonemployee Directors Stock Plan of TJ International, Inc. is carefully designed to comply with legal and regulatory requirements while motivating and rewarding the company's nonemployee directors in the Dallas, Texas area. By offering a variety of stock-based compensation options, TJ International, Inc. aims to attract talented directors and foster their commitment to driving the company's success.

Dallas Texas Nonemployee Directors Stock Plan of TJ International, Inc. is a fiduciary arrangement designed by TJ International, Inc. to provide stock-based compensation to its nonemployee directors in the Dallas, Texas area. This plan aims to attract and retain highly skilled and experienced individuals to serve on the company's board of directors, ensuring that the company benefits from their knowledge and expertise. The Dallas Texas Nonemployee Directors Stock Plan offers various types of stock-based compensation, allowing nonemployee directors to align their interests with those of the shareholders and contribute to the long-term success of TJ International, Inc. Some different types of stock-based compensation under this plan are: 1. Stock Options: Nonemployee directors are granted the opportunity to purchase a specific number of company shares at a predetermined exercise price. These options typically have a vesting period and an expiration date, encouraging directors to stay committed to the company and participate in its growth. 2. Restricted Stock Units (RSS): RSS are grants of company stock units that will be distributed to nonemployee directors at a future date upon meeting specific conditions, such as the completion of a designated service period. RSS serve as an incentive for long-term commitment and are usually subject to vesting conditions to ensure director dedication. 3. Performance Shares: This type of stock-based compensation is tied to specific performance goals or metrics set by TJ International, Inc. Nonemployee directors receive shares based on their performance, promoting accountability and aligning their efforts with the company's overall objectives. 4. Stock Appreciation Rights (SARS): SARS provide nonemployee directors with the right to receive the appreciation in the company's stock value over a specific timeframe. SARS grant directors the opportunity to benefit from the company's growth without purchasing the actual shares. The Dallas Texas Nonemployee Directors Stock Plan of TJ International, Inc. is carefully designed to comply with legal and regulatory requirements while motivating and rewarding the company's nonemployee directors in the Dallas, Texas area. By offering a variety of stock-based compensation options, TJ International, Inc. aims to attract talented directors and foster their commitment to driving the company's success.