Tarrant Texas Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Tarrant
• 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 Tarrant Texas Nonemployee Directors Stock Plan is a comprehensive compensation program established by TJ International, Inc. for its nonemployee directors based in Tarrant, Texas. This stock plan aims to attract and retain talented individuals who can contribute to the company's long-term success. Under this stock plan, eligible nonemployee directors are granted stock options or restricted stock units (RSS) as a valuable form of compensation. These equity awards allow directors to have a stake in the company's performance and align their interests with those of shareholders. One type of award granted under the Tarrant Texas Nonemployee Directors Stock Plan is stock options. Stock options provide nonemployee directors with the right to purchase a specified number of shares at a predetermined price, known as the exercise price. These options typically have a vesting period during which the director must fulfill certain requirements or serve a specific period on the board to exercise or sell the shares. Another type of award is RSS. RSS represents the right to receive shares of TJ International, Inc. upon the completion of a vesting period, typically tied to the director's tenure or achievement of specified performance targets. RSS provides a nonemployee director with beneficial ownership in the company without the need to purchase the shares outright. The Tarrant Texas Nonemployee Directors Stock Plan is designed to serve as a valuable tool for attracting and retaining experienced directors who can contribute to the company's growth and strategic direction. By tying compensation to the company's performance, this plan incentivizes nonemployee directors to make decisions that enhance shareholder value and drive sustainable growth. Overall, the Tarrant Texas Nonemployee Directors Stock Plan reflects TJ International, Inc.'s commitment to aligning the interests of its directors and shareholders, providing a fair and competitive compensation structure to attract top talent, and fostering a culture of ownership and long-term commitment to the company's success.

The Tarrant Texas Nonemployee Directors Stock Plan is a comprehensive compensation program established by TJ International, Inc. for its nonemployee directors based in Tarrant, Texas. This stock plan aims to attract and retain talented individuals who can contribute to the company's long-term success. Under this stock plan, eligible nonemployee directors are granted stock options or restricted stock units (RSS) as a valuable form of compensation. These equity awards allow directors to have a stake in the company's performance and align their interests with those of shareholders. One type of award granted under the Tarrant Texas Nonemployee Directors Stock Plan is stock options. Stock options provide nonemployee directors with the right to purchase a specified number of shares at a predetermined price, known as the exercise price. These options typically have a vesting period during which the director must fulfill certain requirements or serve a specific period on the board to exercise or sell the shares. Another type of award is RSS. RSS represents the right to receive shares of TJ International, Inc. upon the completion of a vesting period, typically tied to the director's tenure or achievement of specified performance targets. RSS provides a nonemployee director with beneficial ownership in the company without the need to purchase the shares outright. The Tarrant Texas Nonemployee Directors Stock Plan is designed to serve as a valuable tool for attracting and retaining experienced directors who can contribute to the company's growth and strategic direction. By tying compensation to the company's performance, this plan incentivizes nonemployee directors to make decisions that enhance shareholder value and drive sustainable growth. Overall, the Tarrant Texas Nonemployee Directors Stock Plan reflects TJ International, Inc.'s commitment to aligning the interests of its directors and shareholders, providing a fair and competitive compensation structure to attract top talent, and fostering a culture of ownership and long-term commitment to the company's success.