Salt Lake Utah Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive reward program designed to attract and retain talented individuals serving as nonemployee directors at TJ International, Inc. This plan aims to align the interests of the nonemployee directors with those of the company and its shareholders. By offering stock-based incentives, TJ International, Inc. seeks to recognize the valuable contributions of its directors and foster long-term commitment to the company's growth and success. The Salt Lake Utah Nonemployee Directors Stock Plan emphasizes remunerating nonemployee directors through the granting of company stock options or restricted stock units (RSS). These equity-based awards provide a direct link between the director's compensation and the financial performance of TJ International, Inc. By giving directors the opportunity to become shareholders, this plan promotes a sense of ownership and accountability. Under this plan, nonemployee directors are eligible to receive stock options, which grant the right to purchase a specified number of TJ International, Inc. shares at a predetermined exercise price. These options often come with vesting requirements, ensuring that directors remain actively engaged with the company over a certain period before exercising their options. Additionally, the Salt Lake Utah Nonemployee Directors Stock Plan includes the provision of RSS. These units represent a promise to deliver TJ International, Inc.'s common shares to directors at a future date, typically after the completion of a vesting period. RSS is a popular choice for companies looking to promote retention and reward nonemployee directors for their continued service and dedication. By granting stock options and RSS through the Salt Lake Utah Nonemployee Directors Stock Plan, TJ International, Inc. fosters a sense of partnership and alignment of interests between the company and its nonemployee directors. This program aims to attract qualified directors and provide them with a compelling incentive to contribute to the company's growth, stability, and long-term value creation. In conclusion, the Salt Lake Utah Nonemployee Directors Stock Plan of TJ International, Inc. offers nonemployee directors the opportunity to earn equity-based awards such as stock options and RSS. This compensation scheme is designed to recognize directors' contributions, align their interests with those of shareholders, and foster a long-term commitment to the success of TJ International, Inc.

The Salt Lake Utah Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive reward program designed to attract and retain talented individuals serving as nonemployee directors at TJ International, Inc. This plan aims to align the interests of the nonemployee directors with those of the company and its shareholders. By offering stock-based incentives, TJ International, Inc. seeks to recognize the valuable contributions of its directors and foster long-term commitment to the company's growth and success. The Salt Lake Utah Nonemployee Directors Stock Plan emphasizes remunerating nonemployee directors through the granting of company stock options or restricted stock units (RSS). These equity-based awards provide a direct link between the director's compensation and the financial performance of TJ International, Inc. By giving directors the opportunity to become shareholders, this plan promotes a sense of ownership and accountability. Under this plan, nonemployee directors are eligible to receive stock options, which grant the right to purchase a specified number of TJ International, Inc. shares at a predetermined exercise price. These options often come with vesting requirements, ensuring that directors remain actively engaged with the company over a certain period before exercising their options. Additionally, the Salt Lake Utah Nonemployee Directors Stock Plan includes the provision of RSS. These units represent a promise to deliver TJ International, Inc.'s common shares to directors at a future date, typically after the completion of a vesting period. RSS is a popular choice for companies looking to promote retention and reward nonemployee directors for their continued service and dedication. By granting stock options and RSS through the Salt Lake Utah Nonemployee Directors Stock Plan, TJ International, Inc. fosters a sense of partnership and alignment of interests between the company and its nonemployee directors. This program aims to attract qualified directors and provide them with a compelling incentive to contribute to the company's growth, stability, and long-term value creation. In conclusion, the Salt Lake Utah Nonemployee Directors Stock Plan of TJ International, Inc. offers nonemployee directors the opportunity to earn equity-based awards such as stock options and RSS. This compensation scheme is designed to recognize directors' contributions, align their interests with those of shareholders, and foster a long-term commitment to the success of TJ International, Inc.