Wayne Michigan Nonemployee Directors Stock Plan of TJ International, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan Nonemployee Directors Stock Plan is a key component of TJ International, Inc.'s executive compensation strategy. This plan offers nonemployee directors of TJ International, Inc. the opportunity to acquire company stock, aligning their interests with that of the shareholders. Under the Wayne Michigan Nonemployee Directors Stock Plan, eligible directors can receive compensation in the form of stock grants, stock options, or a combination of both. These grants and options are intended to reward directors for their contributions to the company's long-term success and to attract and retain highly skilled directors to the board. The stock grants awarded under the Wayne Michigan Nonemployee Directors Stock Plan provide directors with a certain number of shares of TJ International, Inc. stock. These grants vest over a specific period, typically several years, incentivizing directors to remain committed to the company's growth and performance. In addition to stock grants, directors may also be granted stock options as part of the Wayne Michigan Nonemployee Directors Stock Plan. Stock options give directors the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. These options often have a predetermined vesting period and expiration date, encouraging long-term commitment and aligning directors' interests with shareholders. The Wayne Michigan Nonemployee Directors Stock Plan allows directors to participate in the company's success through stock ownership. By owning a stake in the company, directors have a vested interest in maximizing shareholder value, making strategic decisions that drive growth, and ensuring strong corporate governance. This stock plan plays a vital role in attracting and retaining talented nonemployee directors to TJ International, Inc.'s board, ensuring a diverse range of expertise and experience. It also aligns the interests of directors and shareholders, promoting long-term shareholder value creation. Overall, the Wayne Michigan Nonemployee Directors Stock Plan reflects TJ International, Inc.'s commitment to rewarding and incentivizing nonemployee directors for their essential contributions to the company's growth and success. By offering stock grants and options, this plan ensures that directors have a personal stake in the company's performance, working towards the collective goal of creating sustainable value for shareholders over the long term.

The Wayne Michigan Nonemployee Directors Stock Plan is a key component of TJ International, Inc.'s executive compensation strategy. This plan offers nonemployee directors of TJ International, Inc. the opportunity to acquire company stock, aligning their interests with that of the shareholders. Under the Wayne Michigan Nonemployee Directors Stock Plan, eligible directors can receive compensation in the form of stock grants, stock options, or a combination of both. These grants and options are intended to reward directors for their contributions to the company's long-term success and to attract and retain highly skilled directors to the board. The stock grants awarded under the Wayne Michigan Nonemployee Directors Stock Plan provide directors with a certain number of shares of TJ International, Inc. stock. These grants vest over a specific period, typically several years, incentivizing directors to remain committed to the company's growth and performance. In addition to stock grants, directors may also be granted stock options as part of the Wayne Michigan Nonemployee Directors Stock Plan. Stock options give directors the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. These options often have a predetermined vesting period and expiration date, encouraging long-term commitment and aligning directors' interests with shareholders. The Wayne Michigan Nonemployee Directors Stock Plan allows directors to participate in the company's success through stock ownership. By owning a stake in the company, directors have a vested interest in maximizing shareholder value, making strategic decisions that drive growth, and ensuring strong corporate governance. This stock plan plays a vital role in attracting and retaining talented nonemployee directors to TJ International, Inc.'s board, ensuring a diverse range of expertise and experience. It also aligns the interests of directors and shareholders, promoting long-term shareholder value creation. Overall, the Wayne Michigan Nonemployee Directors Stock Plan reflects TJ International, Inc.'s commitment to rewarding and incentivizing nonemployee directors for their essential contributions to the company's growth and success. By offering stock grants and options, this plan ensures that directors have a personal stake in the company's performance, working towards the collective goal of creating sustainable value for shareholders over the long term.