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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Jose
• 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 San Jose California Nonemployee Directors Stock Plan of TJ International, Inc. is a compensation program designed specifically for nonemployee directors of the company. This plan provides an opportunity for these directors to acquire and hold shares of TJ International, Inc. stock, further aligning their interests with the company's long-term success. Key Features: 1. Stock Grants: Under the San Jose California Nonemployee Directors Stock Plan, eligible nonemployee directors may receive stock grants as part of their compensation package. These grants are intended to reward their contributions to the company's growth and encourage their continued commitment to the organization. 2. Vesting Schedule: The plan typically includes a vesting schedule that outlines the timeline for when the awarded shares become fully owned by the director. This schedule ensures that directors remain engaged with the company for an extended period, fostering a sense of loyalty and dedication. 3. Stock Options: In addition to stock grants, the plan may also include stock options. These options provide nonemployee directors with the right, but not the obligation, to purchase company stock at a predetermined price within a specified timeframe. Stock options offer potential financial gain as they allow directors to profit from any increase in the company's stock value over time. 4. Performance-Based Awards: The San Jose California Nonemployee Directors Stock Plan may include performance-based awards. These awards are contingent upon the achievement of predetermined goals, such as revenue targets or profitability metrics. By tying compensation to performance, the plan promotes accountability and incentivizes directors to contribute to the company's overall success. 5. Dividend Reinvestment: The plan may also offer nonemployee directors the option to reinvest their cash dividends back into additional shares of TJ International, Inc. stock. This feature allows directors to enhance their stock ownership, potentially benefiting from future stock price appreciation. It is essential to note that the specific details and provisions of the San Jose California Nonemployee Directors Stock Plan may differ based on TJ International, Inc.'s individual policies and guidelines.

The San Jose California Nonemployee Directors Stock Plan of TJ International, Inc. is a compensation program designed specifically for nonemployee directors of the company. This plan provides an opportunity for these directors to acquire and hold shares of TJ International, Inc. stock, further aligning their interests with the company's long-term success. Key Features: 1. Stock Grants: Under the San Jose California Nonemployee Directors Stock Plan, eligible nonemployee directors may receive stock grants as part of their compensation package. These grants are intended to reward their contributions to the company's growth and encourage their continued commitment to the organization. 2. Vesting Schedule: The plan typically includes a vesting schedule that outlines the timeline for when the awarded shares become fully owned by the director. This schedule ensures that directors remain engaged with the company for an extended period, fostering a sense of loyalty and dedication. 3. Stock Options: In addition to stock grants, the plan may also include stock options. These options provide nonemployee directors with the right, but not the obligation, to purchase company stock at a predetermined price within a specified timeframe. Stock options offer potential financial gain as they allow directors to profit from any increase in the company's stock value over time. 4. Performance-Based Awards: The San Jose California Nonemployee Directors Stock Plan may include performance-based awards. These awards are contingent upon the achievement of predetermined goals, such as revenue targets or profitability metrics. By tying compensation to performance, the plan promotes accountability and incentivizes directors to contribute to the company's overall success. 5. Dividend Reinvestment: The plan may also offer nonemployee directors the option to reinvest their cash dividends back into additional shares of TJ International, Inc. stock. This feature allows directors to enhance their stock ownership, potentially benefiting from future stock price appreciation. It is essential to note that the specific details and provisions of the San Jose California Nonemployee Directors Stock Plan may differ based on TJ International, Inc.'s individual policies and guidelines.