Colorado 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 Colorado Stock Option Plan is a key component of WSFS Financial Corporation, a renowned financial institution headquartered in Wilmington, Delaware. Designed to attract and retain top talent while aligning the interests of employees with the long-term success of the company, the Colorado Stock Option Plan offers various options to eligible employees in the state of Colorado. Under the Colorado Stock Option Plan, WSFS Financial Corporation grants employees the right to purchase a specific number of shares of company stock at a predetermined price, which is often lower than the market value. This not only provides employees with an opportunity to share in the company's growth but also acts as an incentive to drive performance, enhance productivity, and foster loyalty among workers. The Colorado Stock Option Plan of WSFS Financial Corporation includes different types of stock options, each with its own set of conditions and benefits. These options may vary based on factors such as employee position, tenure, and contribution to the company's objectives. Some common types of stock options offered to eligible employees include: 1. Incentive Stock Options (SOS): These are tax-advantaged options that allow employees to purchase company stock at a favorable price without incurring immediate tax liabilities. SOS are subject to certain holding period requirements and are typically offered to key employees. 2. Non-Qualified Stock Options (Nests): Nests are stock options that do not qualify for the same tax benefits as SOS. These options are more flexible and can be granted to a broader range of employees, including non-executives. Nests may have different vesting periods and exercise conditions. 3. Restricted Stock Units (RSS): Unlike traditional stock options, RSS are units or rights to receive company stock at a future date, subject to specific vesting conditions. RSS are often granted as a form of long-term incentive to employees and can provide a strong motivating factor for their continued success and dedication. 4. Performance Stock Units (Plus): These stock units are granted based on predetermined performance goals and metrics set by the company. Plus offer a means of rewarding and recognizing exceptional employee performance, as they are tied directly to the achievement of specific targets. The Colorado Stock Option Plan of WSFS Financial Corporation demonstrates the company's commitment to fostering a culture of employee ownership, engagement, and long-term value creation. By granting stock options to eligible employees, the company aims to build a sense of shared purpose, performance-driven growth, and a strong connection between individuals' efforts and the overall success of WSFS Financial Corporation.

The Colorado Stock Option Plan is a key component of WSFS Financial Corporation, a renowned financial institution headquartered in Wilmington, Delaware. Designed to attract and retain top talent while aligning the interests of employees with the long-term success of the company, the Colorado Stock Option Plan offers various options to eligible employees in the state of Colorado. Under the Colorado Stock Option Plan, WSFS Financial Corporation grants employees the right to purchase a specific number of shares of company stock at a predetermined price, which is often lower than the market value. This not only provides employees with an opportunity to share in the company's growth but also acts as an incentive to drive performance, enhance productivity, and foster loyalty among workers. The Colorado Stock Option Plan of WSFS Financial Corporation includes different types of stock options, each with its own set of conditions and benefits. These options may vary based on factors such as employee position, tenure, and contribution to the company's objectives. Some common types of stock options offered to eligible employees include: 1. Incentive Stock Options (SOS): These are tax-advantaged options that allow employees to purchase company stock at a favorable price without incurring immediate tax liabilities. SOS are subject to certain holding period requirements and are typically offered to key employees. 2. Non-Qualified Stock Options (Nests): Nests are stock options that do not qualify for the same tax benefits as SOS. These options are more flexible and can be granted to a broader range of employees, including non-executives. Nests may have different vesting periods and exercise conditions. 3. Restricted Stock Units (RSS): Unlike traditional stock options, RSS are units or rights to receive company stock at a future date, subject to specific vesting conditions. RSS are often granted as a form of long-term incentive to employees and can provide a strong motivating factor for their continued success and dedication. 4. Performance Stock Units (Plus): These stock units are granted based on predetermined performance goals and metrics set by the company. Plus offer a means of rewarding and recognizing exceptional employee performance, as they are tied directly to the achievement of specific targets. The Colorado Stock Option Plan of WSFS Financial Corporation demonstrates the company's commitment to fostering a culture of employee ownership, engagement, and long-term value creation. By granting stock options to eligible employees, the company aims to build a sense of shared purpose, performance-driven growth, and a strong connection between individuals' efforts and the overall success of WSFS Financial Corporation.