New York 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 New York Stock Option Plan of WSFS Financial Corporation is a comprehensive program designed to offer employees of the company an opportunity to purchase company stock at a pre-determined price within a specified period. This plan serves as a valuable incentive, attracting and retaining talented individuals within the organization. It rewards their commitment as they participate and share in the success of the corporation. Through the New York Stock Option Plan, WSFS Financial Corporation provides employees with the flexibility to acquire company shares at a favorable price. This plan plays a vital role in aligning the interests of employees and shareholders, fostering a sense of ownership and dedication among the workforce. There are various types of New York Stock Option Plans offered by WSFS Financial Corporation, each with its own unique features: 1. Incentive Stock Options (SOS): SOS are a type of stock option plan that grants employees the ability to purchase company stock at a specified price, known as the exercise price. Employees can exercise these options after a predetermined vesting period and at specific intervals. SOS often come with tax advantages, as employees may be eligible for favorable tax treatment upon exercising and selling the acquired shares. 2. Non-Qualified Stock Options (Nests): Nests are another type of stock option plan offered by WSFS Financial Corporation. Similar to SOS, Nests allow employees to buy company shares at a predetermined price. However, Nests do not offer the same tax advantages as SOS. The exercise price for Nests is typically set at the market price during the grant date, making them more flexible in terms of timing and vesting requirements. Both SOS and Nests play a crucial role in attracting and retaining top talent, as they provide employees with an opportunity to share in the financial success of WSFS Financial Corporation. These stock option plans incentivize employees to work towards the company's long-term growth and success, aligning their interests with those of the shareholders. Overall, the New York Stock Option Plan of WSFS Financial Corporation serves as a significant tool in motivating and rewarding employees, promoting loyalty, and fostering a sense of ownership in the organization. By offering a variety of stock option plans, WSFS Financial Corporation ensures flexibility and tailors these incentives to meet the diverse needs of its workforce, ultimately driving the company's continued success.

The New York Stock Option Plan of WSFS Financial Corporation is a comprehensive program designed to offer employees of the company an opportunity to purchase company stock at a pre-determined price within a specified period. This plan serves as a valuable incentive, attracting and retaining talented individuals within the organization. It rewards their commitment as they participate and share in the success of the corporation. Through the New York Stock Option Plan, WSFS Financial Corporation provides employees with the flexibility to acquire company shares at a favorable price. This plan plays a vital role in aligning the interests of employees and shareholders, fostering a sense of ownership and dedication among the workforce. There are various types of New York Stock Option Plans offered by WSFS Financial Corporation, each with its own unique features: 1. Incentive Stock Options (SOS): SOS are a type of stock option plan that grants employees the ability to purchase company stock at a specified price, known as the exercise price. Employees can exercise these options after a predetermined vesting period and at specific intervals. SOS often come with tax advantages, as employees may be eligible for favorable tax treatment upon exercising and selling the acquired shares. 2. Non-Qualified Stock Options (Nests): Nests are another type of stock option plan offered by WSFS Financial Corporation. Similar to SOS, Nests allow employees to buy company shares at a predetermined price. However, Nests do not offer the same tax advantages as SOS. The exercise price for Nests is typically set at the market price during the grant date, making them more flexible in terms of timing and vesting requirements. Both SOS and Nests play a crucial role in attracting and retaining top talent, as they provide employees with an opportunity to share in the financial success of WSFS Financial Corporation. These stock option plans incentivize employees to work towards the company's long-term growth and success, aligning their interests with those of the shareholders. Overall, the New York Stock Option Plan of WSFS Financial Corporation serves as a significant tool in motivating and rewarding employees, promoting loyalty, and fostering a sense of ownership in the organization. By offering a variety of stock option plans, WSFS Financial Corporation ensures flexibility and tailors these incentives to meet the diverse needs of its workforce, ultimately driving the company's continued success.