Hillsborough Florida Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hillsborough
• 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 Hillsborough Florida Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors based in Hillsborough, Florida. This stock plan aims to incentivize nonemployee directors with stock-based compensation, thereby aligning their interests with the company's long-term performance and shareholders' value. Under this plan, nonemployee directors of TJ International, Inc. are provided an opportunity to acquire company stock or stock options as part of their compensation package. This serves as a reward for their contributions to the company's growth and success. By offering stock or stock options, TJ International, Inc. seeks to attract experienced and talented directors to provide strategic guidance and oversight. The Hillsborough Florida Nonemployee Directors Stock Plan presents various types of stock-based compensation for these directors. These types may include restricted stock units (RSS), stock options, or performance-based stock units. Each of these types offers unique benefits and aligns with different performance metrics and vesting schedules. Restricted Stock Units (RSS): This type typically grants nonemployee directors a specific number of units or shares of the company's stock. These units or shares may have certain restrictions such as vesting requirements, which means they will become fully transferable to the director's ownership after a specified period of service or achievement of predetermined performance goals. Stock Options: This type allows nonemployee directors to purchase company stock at a predetermined price, known as the exercise price or strike price. Directors can exercise these options after a specified period, enabling them to buy shares at a potentially lower price if the company's stock value increases over time. Performance-Based Stock Units: This type ties stock awards to the achievement of specific performance goals defined by TJ International, Inc. The performance goals may include metrics such as revenue growth, earnings per share, market share, or other key performance indicators. If the goals are met, the nonemployee directors receive a certain number of stock units. The Hillsborough Florida Nonemployee Directors Stock Plan of TJ International, Inc. aims to motivate and retain talented nonemployee directors by offering them an opportunity to participate in the company's growth and success through stock-based compensation. This plan supports the company's objective of attracting experienced and diverse board members who can contribute their expertise to steer TJ International, Inc. towards sustainable growth and profitability.

The Hillsborough Florida Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors based in Hillsborough, Florida. This stock plan aims to incentivize nonemployee directors with stock-based compensation, thereby aligning their interests with the company's long-term performance and shareholders' value. Under this plan, nonemployee directors of TJ International, Inc. are provided an opportunity to acquire company stock or stock options as part of their compensation package. This serves as a reward for their contributions to the company's growth and success. By offering stock or stock options, TJ International, Inc. seeks to attract experienced and talented directors to provide strategic guidance and oversight. The Hillsborough Florida Nonemployee Directors Stock Plan presents various types of stock-based compensation for these directors. These types may include restricted stock units (RSS), stock options, or performance-based stock units. Each of these types offers unique benefits and aligns with different performance metrics and vesting schedules. Restricted Stock Units (RSS): This type typically grants nonemployee directors a specific number of units or shares of the company's stock. These units or shares may have certain restrictions such as vesting requirements, which means they will become fully transferable to the director's ownership after a specified period of service or achievement of predetermined performance goals. Stock Options: This type allows nonemployee directors to purchase company stock at a predetermined price, known as the exercise price or strike price. Directors can exercise these options after a specified period, enabling them to buy shares at a potentially lower price if the company's stock value increases over time. Performance-Based Stock Units: This type ties stock awards to the achievement of specific performance goals defined by TJ International, Inc. The performance goals may include metrics such as revenue growth, earnings per share, market share, or other key performance indicators. If the goals are met, the nonemployee directors receive a certain number of stock units. The Hillsborough Florida Nonemployee Directors Stock Plan of TJ International, Inc. aims to motivate and retain talented nonemployee directors by offering them an opportunity to participate in the company's growth and success through stock-based compensation. This plan supports the company's objective of attracting experienced and diverse board members who can contribute their expertise to steer TJ International, Inc. towards sustainable growth and profitability.