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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Harris
• 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 Harris Texas Nonemployee Directors Stock Plan of TJ International, Inc. is an essential component of the company's compensation and reward structure for its nonemployee directors. This comprehensive plan ensures the alignment of interests between the company and its nonemployee directors through the distribution of stock options and other equity-based incentives. One of the primary objectives of the Harris Texas Nonemployee Directors Stock Plan is to incentivize nonemployee directors to contribute their extensive knowledge, experience, and expertise to the growth and success of TJ International, Inc. By providing them with the opportunity to purchase company stock through various mechanisms, the plan aims to enhance their commitment and dedication towards the company's long-term goals. Under the Harris Texas Nonemployee Directors Stock Plan, nonemployee directors have the chance to receive stock options as a form of compensation. These stock options allow them to purchase a specified number of company shares at a predetermined price, usually referred to as the exercise or strike price. The options usually have a vesting period, during which the directors must continue serving on the board to be eligible for exercising their stock options. Another aspect of the plan may include restricted stock units (RSS). These RSS grant nonemployee directors a right to receive a specified number of company shares at no cost, subject to certain conditions and restrictions. Upon meeting these conditions, which often involve continued service or meeting performance targets, the RSS convert into ordinary shares of TJ International, Inc. The Harris Texas Nonemployee Directors Stock Plan may also allow for performance-based awards, linking director compensation to the company's performance over a specific period. These awards could be in the form of additional stock options, RSS, or other equity-based instruments, and their issuance would depend on the achievement of predetermined performance targets set by the company. Overall, the Harris Texas Nonemployee Directors Stock Plan of TJ International, Inc. plays a crucial role in attracting and retaining talented individuals with exceptional qualifications and experience to serve on the company's board. By offering stock options, RSS, and performance-based awards, the plan provides nonemployee directors with an opportunity to share in the company's success and participate in its long-term growth, ultimately aligning their interests with those of the shareholders.

The Harris Texas Nonemployee Directors Stock Plan of TJ International, Inc. is an essential component of the company's compensation and reward structure for its nonemployee directors. This comprehensive plan ensures the alignment of interests between the company and its nonemployee directors through the distribution of stock options and other equity-based incentives. One of the primary objectives of the Harris Texas Nonemployee Directors Stock Plan is to incentivize nonemployee directors to contribute their extensive knowledge, experience, and expertise to the growth and success of TJ International, Inc. By providing them with the opportunity to purchase company stock through various mechanisms, the plan aims to enhance their commitment and dedication towards the company's long-term goals. Under the Harris Texas Nonemployee Directors Stock Plan, nonemployee directors have the chance to receive stock options as a form of compensation. These stock options allow them to purchase a specified number of company shares at a predetermined price, usually referred to as the exercise or strike price. The options usually have a vesting period, during which the directors must continue serving on the board to be eligible for exercising their stock options. Another aspect of the plan may include restricted stock units (RSS). These RSS grant nonemployee directors a right to receive a specified number of company shares at no cost, subject to certain conditions and restrictions. Upon meeting these conditions, which often involve continued service or meeting performance targets, the RSS convert into ordinary shares of TJ International, Inc. The Harris Texas Nonemployee Directors Stock Plan may also allow for performance-based awards, linking director compensation to the company's performance over a specific period. These awards could be in the form of additional stock options, RSS, or other equity-based instruments, and their issuance would depend on the achievement of predetermined performance targets set by the company. Overall, the Harris Texas Nonemployee Directors Stock Plan of TJ International, Inc. plays a crucial role in attracting and retaining talented individuals with exceptional qualifications and experience to serve on the company's board. By offering stock options, RSS, and performance-based awards, the plan provides nonemployee directors with an opportunity to share in the company's success and participate in its long-term growth, ultimately aligning their interests with those of the shareholders.