Illinois Adoption of Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-351I-NE
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Illinois Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive and dynamic program designed to provide eligible employees with an opportunity to acquire ownership in the corporation through stock options. This plan aims to attract and retain top talent, motivate employees, and align their interests with the long-term success of WSFS Financial Corporation. The Illinois Adoption of Stock Option Plan includes various types of stock options, allowing employees to purchase company stocks at a predetermined price, known as the exercise price or strike price. These options can be classified into different categories: 1. Non-Qualified Stock Options (Nests): This type of stock option gives employees the right to purchase stock at a fixed price within a specified period. Nests offer flexibility in terms of exercise timing and tax implications, as they do not meet specific tax code requirements. 2. Incentive Stock Options (SOS): SOS, on the other hand, qualify for certain tax advantages under the Internal Revenue Code. Employees who exercise SOS may receive preferential tax treatment upon the sale of the stock, provided they adhere to the designated holding periods. 3. Restricted Stock Units (RSS): RSS represent a promise to issue shares of WSFS Financial Corporation's stock to employees upon meeting certain vesting conditions. Unlike options, RSS do not require an upfront purchase; instead, they grant employees the right to receive shares after serving a specified period with the company. 4. Performance Stock Units (Plus): Plus are tied to specific performance goals and objectives established by WSFS. Employees can earn shares based on their individual and/or company performance during a determined performance period. By implementing Illinois Adoption of Stock Option Plan, WSFS Financial Corporation aims to foster a sense of shared ownership and promote a performance-oriented culture within the organization. Employees who participate in the plan have the potential to benefit from stock price appreciation, thereby aligning their interests with the creation of long-term shareholder value. Disclaimer: The above description is only an example and may not represent the actual Illinois Adoption of Stock Option Plan of WSFS Financial Corporation. It is essential to refer to the official plan documents and consult with legal and financial professionals when seeking accurate and up-to-date information about specific stock option plans.

Illinois Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive and dynamic program designed to provide eligible employees with an opportunity to acquire ownership in the corporation through stock options. This plan aims to attract and retain top talent, motivate employees, and align their interests with the long-term success of WSFS Financial Corporation. The Illinois Adoption of Stock Option Plan includes various types of stock options, allowing employees to purchase company stocks at a predetermined price, known as the exercise price or strike price. These options can be classified into different categories: 1. Non-Qualified Stock Options (Nests): This type of stock option gives employees the right to purchase stock at a fixed price within a specified period. Nests offer flexibility in terms of exercise timing and tax implications, as they do not meet specific tax code requirements. 2. Incentive Stock Options (SOS): SOS, on the other hand, qualify for certain tax advantages under the Internal Revenue Code. Employees who exercise SOS may receive preferential tax treatment upon the sale of the stock, provided they adhere to the designated holding periods. 3. Restricted Stock Units (RSS): RSS represent a promise to issue shares of WSFS Financial Corporation's stock to employees upon meeting certain vesting conditions. Unlike options, RSS do not require an upfront purchase; instead, they grant employees the right to receive shares after serving a specified period with the company. 4. Performance Stock Units (Plus): Plus are tied to specific performance goals and objectives established by WSFS. Employees can earn shares based on their individual and/or company performance during a determined performance period. By implementing Illinois Adoption of Stock Option Plan, WSFS Financial Corporation aims to foster a sense of shared ownership and promote a performance-oriented culture within the organization. Employees who participate in the plan have the potential to benefit from stock price appreciation, thereby aligning their interests with the creation of long-term shareholder value. Disclaimer: The above description is only an example and may not represent the actual Illinois Adoption of Stock Option Plan of WSFS Financial Corporation. It is essential to refer to the official plan documents and consult with legal and financial professionals when seeking accurate and up-to-date information about specific stock option plans.