Fairfax Virginia Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fairfax
• 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 Fairfax, Virginia Nonemployee Directors Stock Plan of TJ International, Inc. is a compensation program specifically designed for nonemployee directors of TJ International, Inc., a prominent company based in Fairfax, Virginia. This comprehensive plan offers stock-based incentives to nonemployee directors as a means of aligning their interests with those of the company's shareholders. It serves as a crucial mechanism to attract and retain top-caliber directors for TJ International, Inc. The Fairfax Virginia Nonemployee Directors Stock Plan enables these nonemployee directors to acquire and retain shares of the company's stock, providing them with a stake in the company's financial success. By doing so, the plan incentivizes the directors to make decisions that contribute to the long-term growth and prosperity of TJ International, Inc. Key Features of the Fairfax Virginia Nonemployee Directors Stock Plan: 1. Stock Grants: Under this plan, nonemployee directors receive stock grants as a form of compensation. These grants can be awarded at regular intervals, such as annually, and are typically subject to specified vesting periods or performance-based conditions. 2. Stock Options: Nonemployee directors may also be granted stock options, giving them the right to purchase a specified number of company shares at a predetermined price. Stock options typically have a predetermined expiration date and may also be subject to vesting requirements. 3. Performance-based Awards: In addition to stock grants and options, the plan might include performance-based awards. These awards are contingent upon the achievement of predetermined performance targets, such as financial goals or the realization of certain corporate milestones. 4. Dividend Equivalents: The plan may provide nonemployee directors with dividend equivalents. Dividend equivalents are cash or additional stock payments that mirror the dividends paid to shareholders, allowing nonemployee directors to enjoy the economic benefits of such distributions. 5. Director Retirement Benefits: In certain cases, the plan might offer retirement benefits to nonemployee directors, such as the continuation of stock grants or options upon retirement. Such benefits incentivize long-term service and loyalty to TJ International, Inc. It is noteworthy that while the Fairfax Virginia Nonemployee Directors Stock Plan may have various iterations or subplans to accommodate specific circumstances or changes in corporate structure, these different types are not explicitly named in the provided context. It is essential for interested individuals to review the specific plan documents to understand the plan's precise details and any potential variations.

Fairfax, Virginia Nonemployee Directors Stock Plan of TJ International, Inc. is a compensation program specifically designed for nonemployee directors of TJ International, Inc., a prominent company based in Fairfax, Virginia. This comprehensive plan offers stock-based incentives to nonemployee directors as a means of aligning their interests with those of the company's shareholders. It serves as a crucial mechanism to attract and retain top-caliber directors for TJ International, Inc. The Fairfax Virginia Nonemployee Directors Stock Plan enables these nonemployee directors to acquire and retain shares of the company's stock, providing them with a stake in the company's financial success. By doing so, the plan incentivizes the directors to make decisions that contribute to the long-term growth and prosperity of TJ International, Inc. Key Features of the Fairfax Virginia Nonemployee Directors Stock Plan: 1. Stock Grants: Under this plan, nonemployee directors receive stock grants as a form of compensation. These grants can be awarded at regular intervals, such as annually, and are typically subject to specified vesting periods or performance-based conditions. 2. Stock Options: Nonemployee directors may also be granted stock options, giving them the right to purchase a specified number of company shares at a predetermined price. Stock options typically have a predetermined expiration date and may also be subject to vesting requirements. 3. Performance-based Awards: In addition to stock grants and options, the plan might include performance-based awards. These awards are contingent upon the achievement of predetermined performance targets, such as financial goals or the realization of certain corporate milestones. 4. Dividend Equivalents: The plan may provide nonemployee directors with dividend equivalents. Dividend equivalents are cash or additional stock payments that mirror the dividends paid to shareholders, allowing nonemployee directors to enjoy the economic benefits of such distributions. 5. Director Retirement Benefits: In certain cases, the plan might offer retirement benefits to nonemployee directors, such as the continuation of stock grants or options upon retirement. Such benefits incentivize long-term service and loyalty to TJ International, Inc. It is noteworthy that while the Fairfax Virginia Nonemployee Directors Stock Plan may have various iterations or subplans to accommodate specific circumstances or changes in corporate structure, these different types are not explicitly named in the provided context. It is essential for interested individuals to review the specific plan documents to understand the plan's precise details and any potential variations.