Bexar Texas Adoption of Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bexar
• 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 Bexar Texas Adoption of Stock Option Plan of WSFS Financial Corporation is a significant aspect of the corporation's compensation package for its employees. This plan allows eligible employees to be granted stock options, giving them the opportunity to purchase a specific number of shares at a predetermined price within a specified period. Under the Bexar Texas Adoption of Stock Option Plan, WSFS Financial Corporation aims to attract, retain, and motivate high-quality employees by providing them with the potential to participate in the company's future growth and success. By offering stock options, the corporation aligns the interests of its employees with those of its shareholders, fostering a sense of ownership and mutual benefit. There are several types of stock options that may be included in the Bexar Texas Adoption of Stock Option Plan. These include: 1. Non-Qualified Stock Options (SOS): These are the most common type of stock options granted through the plan. They are typically offered to employees at all levels of the organization and are subject to both income tax and capital gains tax upon exercise. 2. Incentive Stock Options (SOS): SOS are another type of stock option that may be included in the plan. These options, which are available only to employees, have certain tax advantages that SOS do not. If specific conditions are met, employees can potentially receive favorable tax treatment upon exercise and sale of the underlying stock. 3. Restricted Stock Units (RSS): While not technically an option, RSS are often offered as part of the Bexar Texas Adoption of Stock Option Plan. RSS represents a promise to deliver shares of the company's stock at a future date, usually subject to certain vesting requirements. Once the RSS have vested, the employee receives the shares and can decide whether to retain or sell them. It is important to note that the terms and conditions of the Bexar Texas Adoption of Stock Option Plan, including the types of stock options offered, may be subject to change. Employees should consult the plan's official documentation, as provided by WSFS Financial Corporation, to accurately understand the specific details and requirements associated with participating in the plan.

The Bexar Texas Adoption of Stock Option Plan of WSFS Financial Corporation is a significant aspect of the corporation's compensation package for its employees. This plan allows eligible employees to be granted stock options, giving them the opportunity to purchase a specific number of shares at a predetermined price within a specified period. Under the Bexar Texas Adoption of Stock Option Plan, WSFS Financial Corporation aims to attract, retain, and motivate high-quality employees by providing them with the potential to participate in the company's future growth and success. By offering stock options, the corporation aligns the interests of its employees with those of its shareholders, fostering a sense of ownership and mutual benefit. There are several types of stock options that may be included in the Bexar Texas Adoption of Stock Option Plan. These include: 1. Non-Qualified Stock Options (SOS): These are the most common type of stock options granted through the plan. They are typically offered to employees at all levels of the organization and are subject to both income tax and capital gains tax upon exercise. 2. Incentive Stock Options (SOS): SOS are another type of stock option that may be included in the plan. These options, which are available only to employees, have certain tax advantages that SOS do not. If specific conditions are met, employees can potentially receive favorable tax treatment upon exercise and sale of the underlying stock. 3. Restricted Stock Units (RSS): While not technically an option, RSS are often offered as part of the Bexar Texas Adoption of Stock Option Plan. RSS represents a promise to deliver shares of the company's stock at a future date, usually subject to certain vesting requirements. Once the RSS have vested, the employee receives the shares and can decide whether to retain or sell them. It is important to note that the terms and conditions of the Bexar Texas Adoption of Stock Option Plan, including the types of stock options offered, may be subject to change. Employees should consult the plan's official documentation, as provided by WSFS Financial Corporation, to accurately understand the specific details and requirements associated with participating in the plan.