Mecklenburg North Carolina Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company. This plan aims to attract and retain highly qualified directors by offering them a unique opportunity to acquire and hold stock in TJ International. Under this stock plan, nonemployee directors have the chance to participate in the company's growth and success through the ownership of company shares. The plan allows directors to receive stock awards, which are granted at the discretion of the Board of Directors and are usually subject to vesting requirements. The Mecklenburg North Carolina Nonemployee Directors Stock Plan provides a variety of benefits and advantages to participating directors. By aligning their interests with those of the company's shareholders, directors are incentivized to make decisions that are in the best long-term interest of the business. The plan also encourages continuity and stability within the board by offering stock awards that vest over a certain period of time. This ensures that directors remain committed to TJ International and its future growth. Additionally, the stock plan may include separate types or categories of awards. Some possible variations of the Mecklenburg North Carolina Nonemployee Directors Stock Plan of TJ International, Inc. may include: 1. Stock Options: These grants provide nonemployee directors the right to purchase a specific number of shares at a predetermined price (exercise price) within a certain timeframe. The exercise price is typically set at or above the current market price of the company's stock. 2. Restricted Stock Units (RSS): RSS are awards that grant nonemployee directors the right to receive shares of TJ International's stock upon vesting. These units are typically subject to a vesting schedule, which can be tied to the director's continued service or the achievement of specific performance goals. 3. Performance Shares: Performance shares are grants that are contingent upon the achievement of certain predetermined performance metrics. Nonemployee directors may receive these shares based on the company's financial performance, stock price growth, or other pre-established performance criteria. It is important to note that the specific terms and provisions of the Mecklenburg North Carolina Nonemployee Directors Stock Plan of TJ International, Inc. may vary and are subject to the company's own policies and practices. Therefore, it is advisable for interested directors to consult the plan document and seek professional advice regarding their eligibility and potential benefits from participation.

The Mecklenburg North Carolina Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company. This plan aims to attract and retain highly qualified directors by offering them a unique opportunity to acquire and hold stock in TJ International. Under this stock plan, nonemployee directors have the chance to participate in the company's growth and success through the ownership of company shares. The plan allows directors to receive stock awards, which are granted at the discretion of the Board of Directors and are usually subject to vesting requirements. The Mecklenburg North Carolina Nonemployee Directors Stock Plan provides a variety of benefits and advantages to participating directors. By aligning their interests with those of the company's shareholders, directors are incentivized to make decisions that are in the best long-term interest of the business. The plan also encourages continuity and stability within the board by offering stock awards that vest over a certain period of time. This ensures that directors remain committed to TJ International and its future growth. Additionally, the stock plan may include separate types or categories of awards. Some possible variations of the Mecklenburg North Carolina Nonemployee Directors Stock Plan of TJ International, Inc. may include: 1. Stock Options: These grants provide nonemployee directors the right to purchase a specific number of shares at a predetermined price (exercise price) within a certain timeframe. The exercise price is typically set at or above the current market price of the company's stock. 2. Restricted Stock Units (RSS): RSS are awards that grant nonemployee directors the right to receive shares of TJ International's stock upon vesting. These units are typically subject to a vesting schedule, which can be tied to the director's continued service or the achievement of specific performance goals. 3. Performance Shares: Performance shares are grants that are contingent upon the achievement of certain predetermined performance metrics. Nonemployee directors may receive these shares based on the company's financial performance, stock price growth, or other pre-established performance criteria. It is important to note that the specific terms and provisions of the Mecklenburg North Carolina Nonemployee Directors Stock Plan of TJ International, Inc. may vary and are subject to the company's own policies and practices. Therefore, it is advisable for interested directors to consult the plan document and seek professional advice regarding their eligibility and potential benefits from participation.