Palm Beach Florida Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Palm Beach
• 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 Palm Beach Florida Nonemployee Directors Stock Plan is an incentive program offered by TJ International, Inc., a prominent company headquartered in Palm Beach, Florida. This stock plan is specifically designed for non-employee directors of the company and is aimed at motivating and rewarding their commitment and contribution to TJ International's success. Under this stock plan, non-employee directors are granted stock options or restricted stock units (RSS), providing them with an opportunity to acquire shares in the company. These grants are typically subject to certain vesting conditions, meaning that the director must remain with the company for a specific period before they can exercise or sell the granted shares. The Palm Beach Florida Nonemployee Directors Stock Plan recognizes the importance of engaging non-employee directors in TJ International's long-term goals and aligning their interests with those of the company's shareholders. By offering stock options or RSS, TJ International aims to create a sense of ownership and incentivize directors to actively contribute to the company's growth and prosperity. This stock plan may have various types or levels depending on the specifications set by TJ International. For example, there might be different tiers of grants based on the director's role or length of service. Additionally, the plan could include provisions for the acceleration of vesting in the event of certain corporate transactions, such as a change of control or merger. Overall, TJ International's Palm Beach Florida Nonemployee Directors Stock Plan is a comprehensive program that seeks to attract and retain experienced directors by providing them with an opportunity to acquire equity in the company. By doing so, TJ International ensures that the interests of its non-employee directors are closely aligned with those of its shareholders, allowing for better governance and sustainable growth.

The Palm Beach Florida Nonemployee Directors Stock Plan is an incentive program offered by TJ International, Inc., a prominent company headquartered in Palm Beach, Florida. This stock plan is specifically designed for non-employee directors of the company and is aimed at motivating and rewarding their commitment and contribution to TJ International's success. Under this stock plan, non-employee directors are granted stock options or restricted stock units (RSS), providing them with an opportunity to acquire shares in the company. These grants are typically subject to certain vesting conditions, meaning that the director must remain with the company for a specific period before they can exercise or sell the granted shares. The Palm Beach Florida Nonemployee Directors Stock Plan recognizes the importance of engaging non-employee directors in TJ International's long-term goals and aligning their interests with those of the company's shareholders. By offering stock options or RSS, TJ International aims to create a sense of ownership and incentivize directors to actively contribute to the company's growth and prosperity. This stock plan may have various types or levels depending on the specifications set by TJ International. For example, there might be different tiers of grants based on the director's role or length of service. Additionally, the plan could include provisions for the acceleration of vesting in the event of certain corporate transactions, such as a change of control or merger. Overall, TJ International's Palm Beach Florida Nonemployee Directors Stock Plan is a comprehensive program that seeks to attract and retain experienced directors by providing them with an opportunity to acquire equity in the company. By doing so, TJ International ensures that the interests of its non-employee directors are closely aligned with those of its shareholders, allowing for better governance and sustainable growth.