North Carolina 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 North Carolina Adoption of Stock Option Plan of WSFS Financial Corporation is an employee benefit program that offers eligible employees the opportunity to purchase company stock at a predetermined price. This plan serves as a means for WSFS Financial Corporation to attract and retain talented employees by providing them with an additional incentive to contribute to the company's growth and success. Under the North Carolina Adoption of Stock Option Plan, employees are granted the option to purchase a certain number of shares of WSFS Financial Corporation stock within a specified timeframe. The price at which employees can purchase these shares, known as the exercise price, is typically set at the fair market value of the stock at the time of grant. This ensures that employees have the opportunity to benefit from any future increase in the stock's value. One type of North Carolina Adoption of Stock Option Plan offered by WSFS Financial Corporation is the Non-Qualified Stock Option (NO) plan. SOS provide employees with the flexibility to exercise their options at any time, regardless of their vesting schedule. This allows employees to optimize their stock purchases based on their personal financial goals and market conditions. Another type of plan is the Incentive Stock Option (ISO) plan, which provides employees with potential tax advantages. Under SOS, employees are granted the right to purchase company stock at a specified price, and if certain holding period and employment requirements are met, the gains from the sale of the stock may be eligible for preferential tax treatment. This can be particularly advantageous for employees who believe in the long-term growth prospects of WSFS Financial Corporation. The North Carolina Adoption of Stock Option Plan is subject to certain conditions and restrictions. For instance, employees must generally remain employed by WSFS Financial Corporation for a specific period of time before their stock options fully vest. Additionally, there may be limits on the number of shares that can be purchased and restrictions on selling the shares acquired through the plan. Overall, the North Carolina Adoption of Stock Option Plan of WSFS Financial Corporation is designed to align the interests of employees with the company's shareholders, fostering a sense of ownership, and motivating employees to contribute to the company's overall success. By offering employees the opportunity to share in the company's growth, the plan serves as a valuable tool for attracting and retaining top talent in the highly competitive financial industry.

The North Carolina Adoption of Stock Option Plan of WSFS Financial Corporation is an employee benefit program that offers eligible employees the opportunity to purchase company stock at a predetermined price. This plan serves as a means for WSFS Financial Corporation to attract and retain talented employees by providing them with an additional incentive to contribute to the company's growth and success. Under the North Carolina Adoption of Stock Option Plan, employees are granted the option to purchase a certain number of shares of WSFS Financial Corporation stock within a specified timeframe. The price at which employees can purchase these shares, known as the exercise price, is typically set at the fair market value of the stock at the time of grant. This ensures that employees have the opportunity to benefit from any future increase in the stock's value. One type of North Carolina Adoption of Stock Option Plan offered by WSFS Financial Corporation is the Non-Qualified Stock Option (NO) plan. SOS provide employees with the flexibility to exercise their options at any time, regardless of their vesting schedule. This allows employees to optimize their stock purchases based on their personal financial goals and market conditions. Another type of plan is the Incentive Stock Option (ISO) plan, which provides employees with potential tax advantages. Under SOS, employees are granted the right to purchase company stock at a specified price, and if certain holding period and employment requirements are met, the gains from the sale of the stock may be eligible for preferential tax treatment. This can be particularly advantageous for employees who believe in the long-term growth prospects of WSFS Financial Corporation. The North Carolina Adoption of Stock Option Plan is subject to certain conditions and restrictions. For instance, employees must generally remain employed by WSFS Financial Corporation for a specific period of time before their stock options fully vest. Additionally, there may be limits on the number of shares that can be purchased and restrictions on selling the shares acquired through the plan. Overall, the North Carolina Adoption of Stock Option Plan of WSFS Financial Corporation is designed to align the interests of employees with the company's shareholders, fostering a sense of ownership, and motivating employees to contribute to the company's overall success. By offering employees the opportunity to share in the company's growth, the plan serves as a valuable tool for attracting and retaining top talent in the highly competitive financial industry.