Guam 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 Guam Stock Option Plan of WSFS Financial Corporation is a comprehensive and versatile compensation plan designed to attract, retain, and motivate talented employees. It grants eligible individuals the right to purchase a specific number of shares of common stock at a predetermined price, providing them with an opportunity to share in the company's success and value appreciation. Such plans are instrumental in aligning the interests of employees and shareholders, promoting teamwork, and driving long-term growth. WSFS Financial Corporation, a leading financial services company, offers several types of Guam Stock Option Plans to cater to various employee needs and goals. These include: 1. Incentive Stock Options (SOS): SOS are tax-advantaged stock options granted to employees, providing them with the potential for long-term capital gains upon exercising the options. These options are subject to specific conditions defined by the Internal Revenue Code. 2. Non-Qualified Stock Options (Nests): Nests are stock options granted to employees that do not qualify for special tax treatment. Unlike SOS, these options are subject to income taxes upon exercising, based on the difference between the market price and the exercise price. 3. Restricted Stock Units (RSS): RSS are a type of stock-based compensation plan where employees receive units that convert into company stock upon vesting. Unlike options, RSS do not require any upfront payment and are granted as a form of incentive to retain employees. RSS typically have vesting schedules tied to employment duration or performance milestones. 4. Performance Stock Options (SOS): SOS are stock options that are granted based on predetermined performance targets, such as achieving specific financial goals or surpassing market benchmarks. These options motivate employees to contribute to the company's financial success by tying their stock option grants to measurable achievements. Regardless of the type of Guam Stock Option Plan, WSFS Financial Corporation places great emphasis on fair and competitive grant terms that align with the company's strategic objectives. These plans provide employees with a unique opportunity to benefit from the growth and prosperity of the organization while fostering a culture of innovation, hard work, and goal-oriented collaboration.

The Guam Stock Option Plan of WSFS Financial Corporation is a comprehensive and versatile compensation plan designed to attract, retain, and motivate talented employees. It grants eligible individuals the right to purchase a specific number of shares of common stock at a predetermined price, providing them with an opportunity to share in the company's success and value appreciation. Such plans are instrumental in aligning the interests of employees and shareholders, promoting teamwork, and driving long-term growth. WSFS Financial Corporation, a leading financial services company, offers several types of Guam Stock Option Plans to cater to various employee needs and goals. These include: 1. Incentive Stock Options (SOS): SOS are tax-advantaged stock options granted to employees, providing them with the potential for long-term capital gains upon exercising the options. These options are subject to specific conditions defined by the Internal Revenue Code. 2. Non-Qualified Stock Options (Nests): Nests are stock options granted to employees that do not qualify for special tax treatment. Unlike SOS, these options are subject to income taxes upon exercising, based on the difference between the market price and the exercise price. 3. Restricted Stock Units (RSS): RSS are a type of stock-based compensation plan where employees receive units that convert into company stock upon vesting. Unlike options, RSS do not require any upfront payment and are granted as a form of incentive to retain employees. RSS typically have vesting schedules tied to employment duration or performance milestones. 4. Performance Stock Options (SOS): SOS are stock options that are granted based on predetermined performance targets, such as achieving specific financial goals or surpassing market benchmarks. These options motivate employees to contribute to the company's financial success by tying their stock option grants to measurable achievements. Regardless of the type of Guam Stock Option Plan, WSFS Financial Corporation places great emphasis on fair and competitive grant terms that align with the company's strategic objectives. These plans provide employees with a unique opportunity to benefit from the growth and prosperity of the organization while fostering a culture of innovation, hard work, and goal-oriented collaboration.