San Diego California Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: San Diego
• 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 San Diego California Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed for nonemployee directors of TJ International, Inc., a prominent company operating in San Diego, California. This equity-based plan aims to reward and motivate nonemployee directors for their contributions to the company's strategic growth and long-term success. Under this stock plan, nonemployee directors are granted stock options or restricted stock units (RSS), which are subject to specific terms and conditions. These equity-based awards provide directors with the opportunity to acquire shares of TJ International, Inc.'s common stock, thereby aligning their interests with the company's shareholders. The San Diego California Nonemployee Directors Stock Plan establishes eligibility requirements, vesting schedules, exercise prices, and other provisions essential for granting stock options and RSS. It ensures that nonemployee directors are fairly compensated for their services while promoting the company's overall performance and shareholder value. The plan recognizes the significant role played by nonemployee directors in driving the company's corporate governance, strategic decision-making, and oversight functions. By providing them with an equity stake in TJ International, Inc., the company aims to attract and retain highly qualified directors who are committed to advancing its mission and goals. The San Diego California Nonemployee Directors Stock Plan may have various types or classifications, such as: 1. Non-Qualified Stock Option Plan: This type of plan grants nonemployee directors the right to purchase company stock at a predetermined price, typically referred to as the exercise price. The options are subject to a vesting schedule and are often taxable upon exercise. 2. Restricted Stock Unit Plan: This plan awards nonemployee directors with RSS, which represent the right to receive a specified number of company shares at a future date. RSS generally have a vesting schedule, ensuring that directors meet certain service requirements before receiving the shares. 3. Performance-Based Stock Plan: This plan introduces additional performance criteria that nonemployee directors must meet to be eligible for stock options or RSS. The criteria can be linked to the company's financial performance, operational goals, or individual director performance, promoting accountability and incentivizing outstanding achievements. It is important to note that the specific types and classifications of the San Diego California Nonemployee Directors Stock Plan of TJ International, Inc. may vary, depending on the company's discretion and evolving compensation practices.

San Diego California Nonemployee Directors Stock Plan of TJ International, Inc. is a comprehensive compensation program designed for nonemployee directors of TJ International, Inc., a prominent company operating in San Diego, California. This equity-based plan aims to reward and motivate nonemployee directors for their contributions to the company's strategic growth and long-term success. Under this stock plan, nonemployee directors are granted stock options or restricted stock units (RSS), which are subject to specific terms and conditions. These equity-based awards provide directors with the opportunity to acquire shares of TJ International, Inc.'s common stock, thereby aligning their interests with the company's shareholders. The San Diego California Nonemployee Directors Stock Plan establishes eligibility requirements, vesting schedules, exercise prices, and other provisions essential for granting stock options and RSS. It ensures that nonemployee directors are fairly compensated for their services while promoting the company's overall performance and shareholder value. The plan recognizes the significant role played by nonemployee directors in driving the company's corporate governance, strategic decision-making, and oversight functions. By providing them with an equity stake in TJ International, Inc., the company aims to attract and retain highly qualified directors who are committed to advancing its mission and goals. The San Diego California Nonemployee Directors Stock Plan may have various types or classifications, such as: 1. Non-Qualified Stock Option Plan: This type of plan grants nonemployee directors the right to purchase company stock at a predetermined price, typically referred to as the exercise price. The options are subject to a vesting schedule and are often taxable upon exercise. 2. Restricted Stock Unit Plan: This plan awards nonemployee directors with RSS, which represent the right to receive a specified number of company shares at a future date. RSS generally have a vesting schedule, ensuring that directors meet certain service requirements before receiving the shares. 3. Performance-Based Stock Plan: This plan introduces additional performance criteria that nonemployee directors must meet to be eligible for stock options or RSS. The criteria can be linked to the company's financial performance, operational goals, or individual director performance, promoting accountability and incentivizing outstanding achievements. It is important to note that the specific types and classifications of the San Diego California Nonemployee Directors Stock Plan of TJ International, Inc. may vary, depending on the company's discretion and evolving compensation practices.