Oklahoma 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 Oklahoma Stock Option Plan is a program offered by WSFS Financial Corporation, a leading financial services company based in Oklahoma. This plan enables employees and executives of the corporation to purchase company stock at a predetermined price, known as the grant or exercise price. The stock options granted are an attractive form of compensation that aligns the interests of employees with those of the company and its shareholders. The Oklahoma Stock Option Plan provides employees with the opportunity to buy a specific number of shares of WSFS Financial Corporation stock within a set period. By participating in this plan, employees can potentially benefit from any increase in the stock's value over time. This incentivizes them to work towards the company's success and contribute to its long-term growth. One of the notable aspects of the Oklahoma Stock Option Plan is its flexibility. This plan allows employees to exercise their stock options gradually over a specified vesting period, which can range from several months to several years. The vesting period ensures that employees remain with the company and contribute to its growth. As the options vest, employees can choose to exercise them and purchase the company's stock at the predetermined exercise price. It is important to note that the specific terms and conditions of the Oklahoma Stock Option Plan may vary depending on an employee's position, the number of stock options granted, and other factors. WSFS Financial Corporation may offer different types of stock option plans to cater to the varying needs and goals of its employees. These plans may include incentive stock options (SOS) for key executives, non-qualified stock options (SOS) for employees at different levels, and restricted stock units (RSS) that grant employees actual shares of stock once they vest. Participating in the Oklahoma Stock Option Plan can be highly beneficial for employees, as it not only offers the potential for capital appreciation but also allows them to share in the financial success of WSFS Financial Corporation. This plan serves as a valuable tool for both attracting and retaining talented individuals who are committed to the long-term growth and profitability of the company. In summary, the Oklahoma Stock Option Plan offered by WSFS Financial Corporation is a comprehensive program that enables employees and executives to purchase company stock at a predetermined price. This plan provides incentives, aligns employee interests with the company's goals, and fosters a sense of ownership among the workforce. By offering various types of stock option plans, WSFS Financial Corporation ensures that employees at different levels can benefit from this program, creating a win-win situation for both the company and its dedicated employees.

The Oklahoma Stock Option Plan is a program offered by WSFS Financial Corporation, a leading financial services company based in Oklahoma. This plan enables employees and executives of the corporation to purchase company stock at a predetermined price, known as the grant or exercise price. The stock options granted are an attractive form of compensation that aligns the interests of employees with those of the company and its shareholders. The Oklahoma Stock Option Plan provides employees with the opportunity to buy a specific number of shares of WSFS Financial Corporation stock within a set period. By participating in this plan, employees can potentially benefit from any increase in the stock's value over time. This incentivizes them to work towards the company's success and contribute to its long-term growth. One of the notable aspects of the Oklahoma Stock Option Plan is its flexibility. This plan allows employees to exercise their stock options gradually over a specified vesting period, which can range from several months to several years. The vesting period ensures that employees remain with the company and contribute to its growth. As the options vest, employees can choose to exercise them and purchase the company's stock at the predetermined exercise price. It is important to note that the specific terms and conditions of the Oklahoma Stock Option Plan may vary depending on an employee's position, the number of stock options granted, and other factors. WSFS Financial Corporation may offer different types of stock option plans to cater to the varying needs and goals of its employees. These plans may include incentive stock options (SOS) for key executives, non-qualified stock options (SOS) for employees at different levels, and restricted stock units (RSS) that grant employees actual shares of stock once they vest. Participating in the Oklahoma Stock Option Plan can be highly beneficial for employees, as it not only offers the potential for capital appreciation but also allows them to share in the financial success of WSFS Financial Corporation. This plan serves as a valuable tool for both attracting and retaining talented individuals who are committed to the long-term growth and profitability of the company. In summary, the Oklahoma Stock Option Plan offered by WSFS Financial Corporation is a comprehensive program that enables employees and executives to purchase company stock at a predetermined price. This plan provides incentives, aligns employee interests with the company's goals, and fosters a sense of ownership among the workforce. By offering various types of stock option plans, WSFS Financial Corporation ensures that employees at different levels can benefit from this program, creating a win-win situation for both the company and its dedicated employees.