Montana 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 Montana Stock Option Plan is an equity compensation program offered by WSFS Financial Corporation. It is designed to provide incentives to employees and align their interests with the long-term success of the corporation. This detailed description will explore the main features of the Montana Stock Option Plan, its benefits, and potential variations. The Montana Stock Option Plan is a key component of WSFS Financial Corporation's overall compensation strategy. It allows eligible employees to acquire company stock at a predetermined price, known as the grant price or exercise price. Stock options are typically granted to employees as a reward for their performance, as well as to attract and retain top talent in a highly competitive industry. Participating in the Montana Stock Option Plan offers employees the opportunity to become shareholders of the corporation. This allows them to benefit from any future growth in WSFS Financial Corporation's stock price, effectively aligning their interests with the company's shareholders. It also fosters a sense of ownership, motivating employees to contribute to the overall success of the corporation. The amount of stock options granted and the exercise price under the Montana Stock Option Plan may vary based on certain factors, including an employee's position, performance, and seniority. The plan may also have a vesting schedule, which determines when employees can exercise their options and acquire the underlying stock. Vesting schedules typically span over multiple years, encouraging employees to remain with the organization in the long term. WSFS Financial Corporation may offer different types of stock options under the Montana Stock Option Plan. These variations could include incentive stock options (SOS) and non-qualified stock options (SOS). SOS are subject to favorable tax treatment, but they also come with certain restrictions, such as limits on the number of shares that can be granted and a requirement for holding the shares for a designated period. SOS, on the other hand, do not qualify for special tax treatment but offer more flexibility in terms of eligibility and exercising options. Employees who participate in the Montana Stock Option Plan should carefully review the plan documents and consult with financial and tax advisors. The plan's terms and conditions, including exercise periods and potential tax implications, should be thoroughly understood in order to make informed decisions regarding the exercise and sale of stock options. To summarize, the Montana Stock Option Plan of WSFS Financial Corporation is an equity compensation program that grants eligible employees the opportunity to acquire company stock at a predetermined price. It aims to incentivize performance, enhance employee engagement, and align the interests of employees with the overall success of the corporation. The plan may offer different types of stock options, such as SOS and SOS, each with their own characteristics and tax implications. Employees participating in the Montana Stock Option Plan should review the plan documents and seek professional advice to maximize the benefits and manage potential risks.

The Montana Stock Option Plan is an equity compensation program offered by WSFS Financial Corporation. It is designed to provide incentives to employees and align their interests with the long-term success of the corporation. This detailed description will explore the main features of the Montana Stock Option Plan, its benefits, and potential variations. The Montana Stock Option Plan is a key component of WSFS Financial Corporation's overall compensation strategy. It allows eligible employees to acquire company stock at a predetermined price, known as the grant price or exercise price. Stock options are typically granted to employees as a reward for their performance, as well as to attract and retain top talent in a highly competitive industry. Participating in the Montana Stock Option Plan offers employees the opportunity to become shareholders of the corporation. This allows them to benefit from any future growth in WSFS Financial Corporation's stock price, effectively aligning their interests with the company's shareholders. It also fosters a sense of ownership, motivating employees to contribute to the overall success of the corporation. The amount of stock options granted and the exercise price under the Montana Stock Option Plan may vary based on certain factors, including an employee's position, performance, and seniority. The plan may also have a vesting schedule, which determines when employees can exercise their options and acquire the underlying stock. Vesting schedules typically span over multiple years, encouraging employees to remain with the organization in the long term. WSFS Financial Corporation may offer different types of stock options under the Montana Stock Option Plan. These variations could include incentive stock options (SOS) and non-qualified stock options (SOS). SOS are subject to favorable tax treatment, but they also come with certain restrictions, such as limits on the number of shares that can be granted and a requirement for holding the shares for a designated period. SOS, on the other hand, do not qualify for special tax treatment but offer more flexibility in terms of eligibility and exercising options. Employees who participate in the Montana Stock Option Plan should carefully review the plan documents and consult with financial and tax advisors. The plan's terms and conditions, including exercise periods and potential tax implications, should be thoroughly understood in order to make informed decisions regarding the exercise and sale of stock options. To summarize, the Montana Stock Option Plan of WSFS Financial Corporation is an equity compensation program that grants eligible employees the opportunity to acquire company stock at a predetermined price. It aims to incentivize performance, enhance employee engagement, and align the interests of employees with the overall success of the corporation. The plan may offer different types of stock options, such as SOS and SOS, each with their own characteristics and tax implications. Employees participating in the Montana Stock Option Plan should review the plan documents and seek professional advice to maximize the benefits and manage potential risks.