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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Travis
• 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 Travis Texas Nonemployee Directors Stock Plan is a comprehensive program offered by TJ International, Inc., a reputed company in the industry. This stock plan specifically caters to nonemployee directors associated with the company, providing them with a unique opportunity to acquire ownership in TJ International, Inc. The plan is carefully designed to incentivize and reward nonemployee directors for their contributions to the company's growth and success. Under the Travis Texas Nonemployee Directors Stock Plan, nonemployee directors are granted stock options or stock grants, allowing them to purchase or receive shares of TJ International, Inc. stock at predetermined prices or conditions. These grants are subject to certain terms and conditions which may vary based on the director's level of seniority, tenure, and adherence to specific performance goals. The primary objective of the plan is to align the interests of nonemployee directors with those of the company's shareholders, fostering a sense of ownership and commitment among the nonemployee directors. By becoming shareholders themselves, nonemployee directors strive to enhance the value of the company, leading to mutual benefits for both the individuals and TJ International, Inc. Travis Texas Nonemployee Directors Stock Plan of TJ International, Inc. offers a variety of different stock options and stock grants to suit the diverse needs and circumstances of nonemployee directors. Some common types of grants within the plan include: 1. Stock Options: These grants provide nonemployee directors with the right to purchase TJ International, Inc. shares at a fixed price, known as the exercise price, within a certain timeframe. Nonemployee directors can exercise these options once they meet the predefined vesting requirements. 2. Restricted Stock Units (RSS): Under this type of grant, nonemployee directors are awarded a specific number of RSS, which represent an equivalent number of shares in the company. The RSS typically vest over a period of time or upon the achievement of specific performance targets. 3. Performance-Based Stock Grants: In addition to the aforementioned grants, TJ International, Inc. may offer performance-based stock grants to nonemployee directors. These grants provide additional incentives to directors based on the company's performance against predetermined goals, such as revenue targets, market share growth, or profitability. It's important to note that the specific terms and conditions of the Travis Texas Nonemployee Directors Stock Plan may be subject to periodic reviews and updates by TJ International, Inc. to ensure alignment with market practices, regulatory requirements, and the company's overall strategic objectives.

Travis Texas Nonemployee Directors Stock Plan is a comprehensive program offered by TJ International, Inc., a reputed company in the industry. This stock plan specifically caters to nonemployee directors associated with the company, providing them with a unique opportunity to acquire ownership in TJ International, Inc. The plan is carefully designed to incentivize and reward nonemployee directors for their contributions to the company's growth and success. Under the Travis Texas Nonemployee Directors Stock Plan, nonemployee directors are granted stock options or stock grants, allowing them to purchase or receive shares of TJ International, Inc. stock at predetermined prices or conditions. These grants are subject to certain terms and conditions which may vary based on the director's level of seniority, tenure, and adherence to specific performance goals. The primary objective of the plan is to align the interests of nonemployee directors with those of the company's shareholders, fostering a sense of ownership and commitment among the nonemployee directors. By becoming shareholders themselves, nonemployee directors strive to enhance the value of the company, leading to mutual benefits for both the individuals and TJ International, Inc. Travis Texas Nonemployee Directors Stock Plan of TJ International, Inc. offers a variety of different stock options and stock grants to suit the diverse needs and circumstances of nonemployee directors. Some common types of grants within the plan include: 1. Stock Options: These grants provide nonemployee directors with the right to purchase TJ International, Inc. shares at a fixed price, known as the exercise price, within a certain timeframe. Nonemployee directors can exercise these options once they meet the predefined vesting requirements. 2. Restricted Stock Units (RSS): Under this type of grant, nonemployee directors are awarded a specific number of RSS, which represent an equivalent number of shares in the company. The RSS typically vest over a period of time or upon the achievement of specific performance targets. 3. Performance-Based Stock Grants: In addition to the aforementioned grants, TJ International, Inc. may offer performance-based stock grants to nonemployee directors. These grants provide additional incentives to directors based on the company's performance against predetermined goals, such as revenue targets, market share growth, or profitability. It's important to note that the specific terms and conditions of the Travis Texas Nonemployee Directors Stock Plan may be subject to periodic reviews and updates by TJ International, Inc. to ensure alignment with market practices, regulatory requirements, and the company's overall strategic objectives.