Orange California Adoption of Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Orange
• 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 Orange California Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive program that offers a range of benefits to both the corporation and its employees. This plan allows employees to acquire stock options, giving them the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. One of the main goals of the Orange California Adoption of Stock Option Plan is to foster employee loyalty, motivation, and retention within WSFS Financial Corporation. By providing employees with the opportunity to become shareholders and benefit directly from the company's success, this plan creates a sense of ownership and pride among employees. There are a few key types of the Adoption of Stock Option Plan that WSFS Financial Corporation offers: 1. Incentive Stock Options (SOS): These stock options provide certain tax advantages for employees. With SOS, employees have the potential to receive long-term capital gains treatment upon the sale of their stock, subject to specific holding periods and other criteria. 2. Non-Qualified Stock Options (SOS): SOS typically do not qualify for the favorable tax treatment of SOS. However, they offer more flexibility in terms of eligibility criteria, allowing a wider range of employees to participate. 3. Performance Stock Options: This type of stock option may be granted to employees based on predefined performance criteria or objectives. By linking the stock options to performance goals, the plan aims to align employees' efforts with the company's strategic objectives. 4. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares to employees at a predetermined future date. Unlike stock options, RSS do not require an exercise price. Instead, the shares are usually granted to employees as part of their compensation package and generally vest over a specific period of time. The Orange California Adoption of Stock Option Plan of WSFS Financial Corporation ensures that the company can attract, motivate, and retain top talent by offering an enticing compensation package. It aligns the interests of employees with those of the corporation, encouraging a sense of ownership and dedication. Overall, the plan serves as a powerful tool for attracting and retaining skilled employees, fostering a culture of success, and driving the company's growth and prosperity.

The Orange California Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive program that offers a range of benefits to both the corporation and its employees. This plan allows employees to acquire stock options, giving them the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. One of the main goals of the Orange California Adoption of Stock Option Plan is to foster employee loyalty, motivation, and retention within WSFS Financial Corporation. By providing employees with the opportunity to become shareholders and benefit directly from the company's success, this plan creates a sense of ownership and pride among employees. There are a few key types of the Adoption of Stock Option Plan that WSFS Financial Corporation offers: 1. Incentive Stock Options (SOS): These stock options provide certain tax advantages for employees. With SOS, employees have the potential to receive long-term capital gains treatment upon the sale of their stock, subject to specific holding periods and other criteria. 2. Non-Qualified Stock Options (SOS): SOS typically do not qualify for the favorable tax treatment of SOS. However, they offer more flexibility in terms of eligibility criteria, allowing a wider range of employees to participate. 3. Performance Stock Options: This type of stock option may be granted to employees based on predefined performance criteria or objectives. By linking the stock options to performance goals, the plan aims to align employees' efforts with the company's strategic objectives. 4. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares to employees at a predetermined future date. Unlike stock options, RSS do not require an exercise price. Instead, the shares are usually granted to employees as part of their compensation package and generally vest over a specific period of time. The Orange California Adoption of Stock Option Plan of WSFS Financial Corporation ensures that the company can attract, motivate, and retain top talent by offering an enticing compensation package. It aligns the interests of employees with those of the corporation, encouraging a sense of ownership and dedication. Overall, the plan serves as a powerful tool for attracting and retaining skilled employees, fostering a culture of success, and driving the company's growth and prosperity.