California Adoption of Stock Option Plan of WSFS Financial Corporation

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Multi-State
Control #:
US-CC-18-351I-NE
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Word; 
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This is a multi-state form covering the subject matter of the title.
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  • Preview Adoption of Stock Option Plan of WSFS Financial Corporation
  • Preview Adoption of Stock Option Plan of WSFS Financial Corporation
  • Preview Adoption of Stock Option Plan of WSFS Financial Corporation
  • Preview Adoption of Stock Option Plan of WSFS Financial Corporation
  • Preview Adoption of Stock Option Plan of WSFS Financial Corporation
  • Preview Adoption of Stock Option Plan of WSFS Financial Corporation
  • Preview Adoption of Stock Option Plan of WSFS Financial Corporation
  • Preview Adoption of Stock Option Plan of WSFS Financial Corporation

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FAQ

WSFS common stock is traded on the NASDAQ stock exchange under the symbol WSFS.

The option plan must be approved by the stockholders within 12 months before or after the plan is adopted (see also Explanation: §423, Shareholder Approval Requirement) (IRC § 422(b)(1); Reg. §1.422-3).

The option plan must be approved by the stockholders within 12 months before or after the plan is adopted (see also Explanation: §423, Shareholder Approval Requirement) (IRC § 422(b)(1); Reg. §1.422-3).

Substantial Sale of Assets Such transactions may require the approval of shareholders. More specifically, if the disposition of assets leaves the corporation incapable of continuing its business, or continuing the ordinary course of business, then it may require shareholder approval.

Once you have a plan in place, you can simply make amendments to increase the number of shares in the option pool on an as-needed basis. The initial plan and any expansions must be approved by your board of directors and then by shareholders.

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California Adoption of Stock Option Plan of WSFS Financial Corporation