Georgia 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 Georgia Stock Option Plan of WSFS Financial Corporation is a comprehensive employee benefit program designed to incentivize and motivate employees by granting them the opportunity to purchase company stock at a specified price, known as the exercise price. This plan is specifically applicable to employees of WSFS Financial Corporation located in the state of Georgia. One type of Georgia Stock Option Plan offered by WSFS Financial Corporation is the Non-Qualified Stock Option Plan. This plan provides employees with the flexibility to purchase company stock at a predetermined price, allowing them to potentially benefit from any increase in the stock's value over time. Non-qualified stock options typically have more favorable tax implications for the corporation, as well as potential reporting obligations for employees. Another type of Georgia Stock Option Plan available is the Incentive Stock Option Plan. This plan is generally reserved for key employees and offers certain tax advantages, such as the potential for more favorable long-term capital gains tax treatment upon exercise and sale of the stock options. Incentive stock options must meet specific qualification requirements outlined by the Internal Revenue Service (IRS). Employees who are eligible to participate in the Georgia Stock Option Plan may receive a predetermined number of stock options as part of their compensation package. These options are typically subject to a vesting schedule, which outlines the period over which the employee gains full ownership rights. Vesting schedules are designed to encourage employee retention and longevity with the company. Once options are vested, employees can exercise them by purchasing the company's stock at the predetermined exercise price. The exercise price for stock options under the Georgia Stock Option Plan is determined at the time of grant and is typically set to the fair market value of the company's stock on that date. This allows employees to potentially profit from any increase in the company's stock price over time. It's important for employees to carefully consider the terms and conditions of the Georgia Stock Option Plan, including any applicable restrictions on the exercise or sale of the options, as well as any tax implications associated with exercising the options. Employees are encouraged to consult with financial planners or tax advisors to fully understand the potential benefits and risks associated with participating in the Georgia Stock Option Plan. In conclusion, the Georgia Stock Option Plan of WSFS Financial Corporation offers employees the opportunity to purchase company stock at a predetermined price, incentivizing and rewarding their performance and commitment. With both Non-Qualified Stock Option Plan and Incentive Stock Option Plan options available, employees have the flexibility to participate in a manner that suits their preferences and financial goals.

The Georgia Stock Option Plan of WSFS Financial Corporation is a comprehensive employee benefit program designed to incentivize and motivate employees by granting them the opportunity to purchase company stock at a specified price, known as the exercise price. This plan is specifically applicable to employees of WSFS Financial Corporation located in the state of Georgia. One type of Georgia Stock Option Plan offered by WSFS Financial Corporation is the Non-Qualified Stock Option Plan. This plan provides employees with the flexibility to purchase company stock at a predetermined price, allowing them to potentially benefit from any increase in the stock's value over time. Non-qualified stock options typically have more favorable tax implications for the corporation, as well as potential reporting obligations for employees. Another type of Georgia Stock Option Plan available is the Incentive Stock Option Plan. This plan is generally reserved for key employees and offers certain tax advantages, such as the potential for more favorable long-term capital gains tax treatment upon exercise and sale of the stock options. Incentive stock options must meet specific qualification requirements outlined by the Internal Revenue Service (IRS). Employees who are eligible to participate in the Georgia Stock Option Plan may receive a predetermined number of stock options as part of their compensation package. These options are typically subject to a vesting schedule, which outlines the period over which the employee gains full ownership rights. Vesting schedules are designed to encourage employee retention and longevity with the company. Once options are vested, employees can exercise them by purchasing the company's stock at the predetermined exercise price. The exercise price for stock options under the Georgia Stock Option Plan is determined at the time of grant and is typically set to the fair market value of the company's stock on that date. This allows employees to potentially profit from any increase in the company's stock price over time. It's important for employees to carefully consider the terms and conditions of the Georgia Stock Option Plan, including any applicable restrictions on the exercise or sale of the options, as well as any tax implications associated with exercising the options. Employees are encouraged to consult with financial planners or tax advisors to fully understand the potential benefits and risks associated with participating in the Georgia Stock Option Plan. In conclusion, the Georgia Stock Option Plan of WSFS Financial Corporation offers employees the opportunity to purchase company stock at a predetermined price, incentivizing and rewarding their performance and commitment. With both Non-Qualified Stock Option Plan and Incentive Stock Option Plan options available, employees have the flexibility to participate in a manner that suits their preferences and financial goals.