Missouri Adoption of Stock Option Plan of WSFS Financial Corporation The Missouri Adoption of Stock Option Plan is a comprehensive compensation program implemented by WSFS Financial Corporation, a leading financial institution based in Missouri. This program aims to provide an attractive incentive to employees by granting them the opportunity to purchase stock options in the company. These stock options allow employees to buy a specific number of shares at a predetermined price within a set timeframe. WSFS Financial Corporation offers several types of stock option plans as part of their Missouri Adoption program: 1. Incentive Stock Options (SOS): SOS are granted to employees and provide certain tax advantages. These options allow employees to purchase company stock at a discounted price, typically lower than the current market value, with potential tax benefits upon sale. 2. Non-Qualified Stock Options (Nests): Nests are another type of stock option available under the Missouri Adoption program. Unlike SOS, these options do not carry specific tax advantages, but are more flexible in terms of eligibility criteria and vesting schedules. 3. Restricted Stock Units (RSS): RSS are an alternative form of stock compensation offered by WSFS Financial Corporation. Instead of granting options to purchase stock, RSS provide employees with actual shares of company stock at a future date. RSS typically vest over a specific period and are subject to certain conditions defined by the program. WSFS Financial Corporation's Missouri Adoption of Stock Option Plan is designed to align the interests of employees with those of the company's shareholders, foster a sense of ownership, and reward employee contributions to the organization's success. This program serves as a vital tool to attract, retain, and motivate talented individuals, ultimately driving the company's growth and ensuring its long-term success. Disclaimer: The above description is a general overview of the Missouri 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 for accurate and specific information.
Missouri Adoption of Stock Option Plan of WSFS Financial Corporation
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