Phoenix Arizona Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive stock plan designed specifically for nonemployee directors who serve on the board of directors for the company. This plan aims to provide these directors with an opportunity to share in the company's success and align their interests with those of the shareholders. Under this plan, participating nonemployee directors are granted stock options or restricted stock units (RSS) in recognition of their valuable contributions to the company's governance and strategic decision-making. These stock-based awards give directors the right to purchase company stock at a predetermined price or receive shares directly, respectively, based on certain vesting schedules and performance criteria. One type of stock-based award available under the plan is the stock option, which represents the right to buy a specified number of company shares at a predetermined exercise price. This option typically has a specific expiration date and vesting period to incentivize long-term commitment and align the director's interest with that of the shareholders. Another type of equity award that can be granted under the plan is the restricted stock unit (RSU). Unlike stock options, RSS are not actual shares of stock, but rather a promise to deliver shares in the future, subject to specific conditions being met. These conditions often include the passage of time (vesting period) or the achievement of predetermined performance goals. The Phoenix Arizona Nonemployee Directors Stock Plan also typically includes provisions for dividend equivalents. Dividend equivalents ensure that nonemployee directors receive cash or additional RSS equivalent to the value of any dividends paid on the underlying stock during the vesting period. This way, directors can benefit from the financial success of the company even before the vesting period's completion. Overall, this stock plan serves as a valuable incentive tool for TJ International, Inc. to attract and retain qualified and motivated nonemployee directors in Phoenix, Arizona. It ties their compensation directly to the company's performance and encourages them to act in the best interests of the shareholders. By offering stock options, RSS, and dividend equivalents, TJ International, Inc. strives to create a mutually beneficial relationship that fosters long-term commitment, loyalty, and the growth of shareholder value.

The Phoenix Arizona Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive stock plan designed specifically for nonemployee directors who serve on the board of directors for the company. This plan aims to provide these directors with an opportunity to share in the company's success and align their interests with those of the shareholders. Under this plan, participating nonemployee directors are granted stock options or restricted stock units (RSS) in recognition of their valuable contributions to the company's governance and strategic decision-making. These stock-based awards give directors the right to purchase company stock at a predetermined price or receive shares directly, respectively, based on certain vesting schedules and performance criteria. One type of stock-based award available under the plan is the stock option, which represents the right to buy a specified number of company shares at a predetermined exercise price. This option typically has a specific expiration date and vesting period to incentivize long-term commitment and align the director's interest with that of the shareholders. Another type of equity award that can be granted under the plan is the restricted stock unit (RSU). Unlike stock options, RSS are not actual shares of stock, but rather a promise to deliver shares in the future, subject to specific conditions being met. These conditions often include the passage of time (vesting period) or the achievement of predetermined performance goals. The Phoenix Arizona Nonemployee Directors Stock Plan also typically includes provisions for dividend equivalents. Dividend equivalents ensure that nonemployee directors receive cash or additional RSS equivalent to the value of any dividends paid on the underlying stock during the vesting period. This way, directors can benefit from the financial success of the company even before the vesting period's completion. Overall, this stock plan serves as a valuable incentive tool for TJ International, Inc. to attract and retain qualified and motivated nonemployee directors in Phoenix, Arizona. It ties their compensation directly to the company's performance and encourages them to act in the best interests of the shareholders. By offering stock options, RSS, and dividend equivalents, TJ International, Inc. strives to create a mutually beneficial relationship that fosters long-term commitment, loyalty, and the growth of shareholder value.