The District of Columbia Stock Option Plan (DC SOP) of National Penn Ranchers, Inc. is a comprehensive stock option program offered by the company to its employees in the District of Columbia. This plan allows eligible employees to purchase company stocks at a predetermined price within a specified timeframe. The DC SOP assists in incentivizing and rewarding employees for their commitment and contribution to the growth of the company while aligning their interests with the shareholders. Under the DC SOP, there are several types of stock option plans available for employees to choose from based on their preferences and requirements. These plans include: 1. Non-Qualified Stock Options: This type of stock option allows employees to purchase shares at a predetermined price set by the company. The employees have the flexibility to exercise their options before the expiration date, giving them the opportunity to benefit from potential stock price appreciation. 2. Incentive Stock Options (SOS): SOS are more tax-efficient as they offer potential tax advantages to employees. These options can be exercised at a predetermined price after meeting specific holding periods, typically two years from the date of grant and one year from exercising. SOS also provide an opportunity for employees to enjoy potential capital gains. 3. Stock Appreciation Rights (SARS): SARS are another form of equity compensation offered by the DC SOP, which grants employees the right to the appreciation in the company's stock value over a specified period. Unlike stock options, SARS do not involve the direct purchase of shares but provide the employees with the monetary value equivalent to the stock price increase. 4. Restricted Stock Units (RSS): RSS are a form of stock-based compensation where the company grants employees a specific number of shares or the equivalent value of shares. However, employees do not receive the actual stock until vesting conditions, such as continued employment, are met. RSS provide employees with the potential for long-term wealth accumulation. 5. Performance-Based Stock Options: This type of stock option plan links the exercise of options to the achievement of predetermined performance targets or milestones by the company or the individual employee. Performance-based stock options offer employees an extra incentive to contribute towards the company's growth and meet specific goals set by management. The District of Columbia Stock Option Plan of National Penn Ranchers, Inc. aims to attract and retain talented employees by providing them with an opportunity to participate in the company's success and benefit from its future growth. The various types of plans within the DC SOP cater to different employee preferences, allowing for flexibility and customization based on individual needs.
District of Columbia Stock Option Plan of National Penn Bancshares, Inc.
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10 distributor of promotional products, National Pen has over one million active customers and is based in San Diego, California. National Pen specializes in selling custom pens and other products in low minimum quantities at competitive prices.
BB&T Corp., of Winston-Salem, North Carolina, bought National Penn for $1.8 billion. With the acquisition, BB&T becomes Pennsylvania's fourth biggest bank in deposit market share, the companies said.
By assets, National Penn is the seventy-second largest bank in the United States, and the fifth largest bank headquartered in Pennsylvania. National Penn is based in Allentown. National Penn trades on NASDAQ under the symbol NPBC. In August 2015, it was announced National Penn had been acquired by BB&T.
Susquehanna Bank IndustryBank holding companyFounded1901 (As "Farmers National Bank of Lititz")Defunct2015FateAcquired by BB&T (now Truist Financial)SuccessorTruist Financial3 more rows