Kansas 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 Kansas Stock Option Plan is a financial offering provided by WSFS Financial Corporation, a reputable financial institution. This plan allows employees of WSFS Financial Corporation, who work in the state of Kansas, to purchase shares of the company's stock at a predetermined price. By participating in this plan, employees have the opportunity to become shareholders of the company, sharing in its growth and success. The Kansas Stock Option Plan is designed to incentivize employees and align their interests with the long-term success of WSFS Financial Corporation. It provides employees with the opportunity to acquire company stock, fostering a sense of ownership and commitment. This helps create a motivated workforce while promoting employee retention. There are different types of stock options available within the Kansas Stock Option Plan to suit various employee needs: 1. Incentive Stock Options (SOS): These are stock options granted to employees that qualify for special tax treatment. SOS have specific requirements outlined in the Internal Revenue Code, encouraging employees to hold on to the shares for a specific period to qualify for tax benefits. 2. Non-Qualified Stock Options (Nests): Nests are stock options that do not meet the taxation requirements of SOS. They offer more flexibility but are subject to different tax treatment. With Nests, employees have the opportunity to buy stock at a predetermined price, which may be lower than the current market price. 3. Restricted Stock Units (RSS): RSS are a type of compensation given in the form of company shares that vest over time. Employees receive these shares upon meeting certain criteria, such as remaining employed for a specified period. RSS provide employees with a stake in the company's performance and give them an incentive to contribute to its long-term success. It is important for employees to understand the terms and conditions of the Kansas Stock Option Plan, including vesting schedules, exercise prices, and any tax implications. WSFS Financial Corporation provides comprehensive information and guidance to employees participating in the plan, educating them on the benefits and potential risks associated with stock options. In conclusion, the Kansas Stock Option Plan offered by WSFS Financial Corporation in Kansas grants eligible employees the opportunity to acquire company stock at a predetermined price. This plan aims to motivate employees, align their interests with the company's success, and foster long-term commitment. Through various types of stock options like SOS, Nests, and RSS, employees can participate in the financial growth of WSFS Financial Corporation while enjoying potential tax benefits and ownership rights.

The Kansas Stock Option Plan is a financial offering provided by WSFS Financial Corporation, a reputable financial institution. This plan allows employees of WSFS Financial Corporation, who work in the state of Kansas, to purchase shares of the company's stock at a predetermined price. By participating in this plan, employees have the opportunity to become shareholders of the company, sharing in its growth and success. The Kansas Stock Option Plan is designed to incentivize employees and align their interests with the long-term success of WSFS Financial Corporation. It provides employees with the opportunity to acquire company stock, fostering a sense of ownership and commitment. This helps create a motivated workforce while promoting employee retention. There are different types of stock options available within the Kansas Stock Option Plan to suit various employee needs: 1. Incentive Stock Options (SOS): These are stock options granted to employees that qualify for special tax treatment. SOS have specific requirements outlined in the Internal Revenue Code, encouraging employees to hold on to the shares for a specific period to qualify for tax benefits. 2. Non-Qualified Stock Options (Nests): Nests are stock options that do not meet the taxation requirements of SOS. They offer more flexibility but are subject to different tax treatment. With Nests, employees have the opportunity to buy stock at a predetermined price, which may be lower than the current market price. 3. Restricted Stock Units (RSS): RSS are a type of compensation given in the form of company shares that vest over time. Employees receive these shares upon meeting certain criteria, such as remaining employed for a specified period. RSS provide employees with a stake in the company's performance and give them an incentive to contribute to its long-term success. It is important for employees to understand the terms and conditions of the Kansas Stock Option Plan, including vesting schedules, exercise prices, and any tax implications. WSFS Financial Corporation provides comprehensive information and guidance to employees participating in the plan, educating them on the benefits and potential risks associated with stock options. In conclusion, the Kansas Stock Option Plan offered by WSFS Financial Corporation in Kansas grants eligible employees the opportunity to acquire company stock at a predetermined price. This plan aims to motivate employees, align their interests with the company's success, and foster long-term commitment. Through various types of stock options like SOS, Nests, and RSS, employees can participate in the financial growth of WSFS Financial Corporation while enjoying potential tax benefits and ownership rights.