Arizona Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-352B
• Format: Word; Rich Text

Description

18-352B 18-352B . . . Stock Option Plan under which committee appointed by Board of Directors can grant (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c) Stand-alone or Tandem Stock Appreciation Rights, and (d) Phantom Stock (which entitles recipient to receive in cash when share vests, an amount equal to sum of (x) fair market value of a share of stock on date when such share of Phantom Stock vests and (y) aggregate amount of cash dividends paid with respect to a share of stock during period between date share of Phantom Stock was granted and date on which such share vests). Committee has broad discretion at time of making Phantom Stock awards to impose conditions that must be satisfied in order for Phantom Stock to become vested The Arizona Stock Option Plan is a compensation program offered by WSFS Financial Corporation, a renowned financial institution. This plan is specifically designed to reward and incentivize employees of WSFS Financial Corporation located in Arizona through the granting of stock options. Stock options are financial instruments that give employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price or strike price, within a specified time frame. The goal of the Arizona Stock Option Plan is to align the interests of employees with that of the company's shareholders, encouraging employees to contribute to the growth and success of WSFS Financial Corporation. By participating in the Arizona Stock Option Plan, eligible employees have the opportunity to become part-owners of WSFS Financial Corporation, thereby benefiting directly from its performance and growth. As the company's stock value increases, so does the value of the stock options held by the employees. This plan serves as a powerful incentive, motivating employees to contribute their best efforts and continuously work towards the success of the organization. It is important to note that WSFS Financial Corporation may have different types or variations of the Arizona Stock Option Plan, tailored to meet the specific needs and goals of the company and its employees. The different types of stock option plans under the Arizona Stock Option Plan may include: 1. Incentive Stock Options (SOS): These stock options are typically offered to key employees and have favorable tax treatment. SOS have specific requirements and are subject to certain limitations set by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not have the same tax advantages but provide greater flexibility in terms of eligibility and grant amounts. Nests can be offered to a broader range of employees and may have different vesting schedules. 3. Restricted Stock Units (RSS): While not technically stock options, RSS are often included within stock option plans. RSS represents a commitment from the employer to grant employees a specific number of shares, typically subject to a vesting period. WSFS Financial Corporation is committed to providing its employees with competitive compensation packages. The Arizona Stock Option Plan is just one component of an overall comprehensive strategy to attract, retain, and reward talented individuals who contribute to the continued success of the company. Please note that the provided information is based on general knowledge and research. For up-to-date and accurate details on the Arizona Stock Option Plan of WSFS Financial Corporation, it is advisable to refer to official company documentation or consult with a qualified financial advisor.

The Arizona Stock Option Plan is a compensation program offered by WSFS Financial Corporation, a renowned financial institution. This plan is specifically designed to reward and incentivize employees of WSFS Financial Corporation located in Arizona through the granting of stock options. Stock options are financial instruments that give employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price or strike price, within a specified time frame. The goal of the Arizona Stock Option Plan is to align the interests of employees with that of the company's shareholders, encouraging employees to contribute to the growth and success of WSFS Financial Corporation. By participating in the Arizona Stock Option Plan, eligible employees have the opportunity to become part-owners of WSFS Financial Corporation, thereby benefiting directly from its performance and growth. As the company's stock value increases, so does the value of the stock options held by the employees. This plan serves as a powerful incentive, motivating employees to contribute their best efforts and continuously work towards the success of the organization. It is important to note that WSFS Financial Corporation may have different types or variations of the Arizona Stock Option Plan, tailored to meet the specific needs and goals of the company and its employees. The different types of stock option plans under the Arizona Stock Option Plan may include: 1. Incentive Stock Options (SOS): These stock options are typically offered to key employees and have favorable tax treatment. SOS have specific requirements and are subject to certain limitations set by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not have the same tax advantages but provide greater flexibility in terms of eligibility and grant amounts. Nests can be offered to a broader range of employees and may have different vesting schedules. 3. Restricted Stock Units (RSS): While not technically stock options, RSS are often included within stock option plans. RSS represents a commitment from the employer to grant employees a specific number of shares, typically subject to a vesting period. WSFS Financial Corporation is committed to providing its employees with competitive compensation packages. The Arizona Stock Option Plan is just one component of an overall comprehensive strategy to attract, retain, and reward talented individuals who contribute to the continued success of the company. Please note that the provided information is based on general knowledge and research. For up-to-date and accurate details on the Arizona Stock Option Plan of WSFS Financial Corporation, it is advisable to refer to official company documentation or consult with a qualified financial advisor.