Massachusetts 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. The Massachusetts Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive compensation program designed to attract and retain top talent within the company. This plan, which adheres to the regulations and guidelines set forth by the state of Massachusetts, offers various types of stock option grants to eligible employees. One type of stock option grant covered under this plan is the Non-Qualified Stock Option (NO). Nests provide employees with the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. The exercise price is typically set at the fair market value of the stock on the date of the grant. Nests offer flexibility, as they can be granted to both key employees and non-employees who contribute significantly to the company's success. Another type of stock option grant included in the Massachusetts Adoption of Stock Option Plan is the Incentive Stock Option (ISO). SOS are exclusively available to employees and offer potential tax advantages. To qualify for SOS, employees must meet specific criteria, such as being employed by the company for a minimum period and maintaining a certain ownership stake. SOS provide the right to purchase company stock at a predetermined price, also known as the exercise price, within a specified time frame. When employees exercise their SOS and eventually sell the stock, they may benefit from favorable capital gains tax treatment. The Massachusetts Adoption of Stock Option Plan also encompasses Restricted Stock Units (RSS). RSS grant employees the right to receive company stock at a future date, usually upon the achievement of certain performance goals or the passage of a specific vesting period. RSS are not purchased, but rather granted as a form of compensation. Once RSS vest, the employee has ownership rights to the company stock. This adoption plan ensures that stock options and related grants are awarded in accordance with the laws and regulations of Massachusetts. It establishes clear guidelines for the grant, exercise, and administration of stock options, ensuring equity and transparency for all participants. Eligible employees are provided detailed information regarding the terms and conditions of the various stock option grants available under this plan, allowing them to make informed decisions about their compensation packages. By implementing the Massachusetts Adoption of Stock Option Plan, WSFS Financial Corporation aims to motivate employees, align their interests with shareholders, and foster a sense of ownership in the company's success. This comprehensive plan creates opportunities for employees to share in the growth and profitability of the corporation while adhering to the specific requirements and regulations set forth by the state of Massachusetts.

The Massachusetts Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive compensation program designed to attract and retain top talent within the company. This plan, which adheres to the regulations and guidelines set forth by the state of Massachusetts, offers various types of stock option grants to eligible employees. One type of stock option grant covered under this plan is the Non-Qualified Stock Option (NO). Nests provide employees with the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. The exercise price is typically set at the fair market value of the stock on the date of the grant. Nests offer flexibility, as they can be granted to both key employees and non-employees who contribute significantly to the company's success. Another type of stock option grant included in the Massachusetts Adoption of Stock Option Plan is the Incentive Stock Option (ISO). SOS are exclusively available to employees and offer potential tax advantages. To qualify for SOS, employees must meet specific criteria, such as being employed by the company for a minimum period and maintaining a certain ownership stake. SOS provide the right to purchase company stock at a predetermined price, also known as the exercise price, within a specified time frame. When employees exercise their SOS and eventually sell the stock, they may benefit from favorable capital gains tax treatment. The Massachusetts Adoption of Stock Option Plan also encompasses Restricted Stock Units (RSS). RSS grant employees the right to receive company stock at a future date, usually upon the achievement of certain performance goals or the passage of a specific vesting period. RSS are not purchased, but rather granted as a form of compensation. Once RSS vest, the employee has ownership rights to the company stock. This adoption plan ensures that stock options and related grants are awarded in accordance with the laws and regulations of Massachusetts. It establishes clear guidelines for the grant, exercise, and administration of stock options, ensuring equity and transparency for all participants. Eligible employees are provided detailed information regarding the terms and conditions of the various stock option grants available under this plan, allowing them to make informed decisions about their compensation packages. By implementing the Massachusetts Adoption of Stock Option Plan, WSFS Financial Corporation aims to motivate employees, align their interests with shareholders, and foster a sense of ownership in the company's success. This comprehensive plan creates opportunities for employees to share in the growth and profitability of the corporation while adhering to the specific requirements and regulations set forth by the state of Massachusetts.