Phoenix Arizona Adoption of Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• Control #: US-CC-18-351I-NE
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Phoenix Arizona Adoption of Stock Option Plan of WSFS Financial Corporation The Phoenix Arizona Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive program designed to incentivize employees and key personnel by granting them stock options in the company. This plan serves as a tool for attracting and retaining top talent, while aligning their interests with the long-term success of WSFS Financial Corporation. Under this stock option plan, eligible employees are awarded the opportunity to purchase a specified number of the company's shares at a predetermined price, also known as the exercise price. These stock options typically vest over a period of time, encouraging employees to stay with the company and contribute to its growth. The primary goal of the Phoenix Arizona Adoption of Stock Option Plan is to align the interests of employees with those of the shareholders. By granting stock options, WSFS Financial Corporation aims to motivate employees to not only perform their job duties effectively but also actively contribute to the company's overall success. There are different types of stock options that may be offered under this plan, including: 1. Non-Qualified Stock Options (SOS): These stock options are typically granted to employees and do not qualify for special tax treatment. The employees must report the gain or loss on their tax returns when they exercise these options. 2. Incentive Stock Options (SOS): SOS are generally granted to key employees and offer tax advantages. If certain holding requirements are met, the employees may benefit from long-term capital gains tax rates instead of ordinary income rates upon the sale of the stock. 3. Restricted Stock Units (RSS): RSS are similar to stock options but do not require the employee to pay the exercise price. Instead, RSS represent a promise to deliver stock upon vesting. Once RSS vest, employees receive shares of stock or the equivalent cash value. By adopting the Phoenix Arizona Adoption of Stock Option Plan, WSFS Financial Corporation aims to foster a culture of ownership, aligning the interests of its employees with the overall growth and profitability of the company. This plan ensures that employees have an additional stake in the success of the corporation and encourages them to work towards its long-term goals.

Phoenix Arizona Adoption of Stock Option Plan of WSFS Financial Corporation The Phoenix Arizona Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive program designed to incentivize employees and key personnel by granting them stock options in the company. This plan serves as a tool for attracting and retaining top talent, while aligning their interests with the long-term success of WSFS Financial Corporation. Under this stock option plan, eligible employees are awarded the opportunity to purchase a specified number of the company's shares at a predetermined price, also known as the exercise price. These stock options typically vest over a period of time, encouraging employees to stay with the company and contribute to its growth. The primary goal of the Phoenix Arizona Adoption of Stock Option Plan is to align the interests of employees with those of the shareholders. By granting stock options, WSFS Financial Corporation aims to motivate employees to not only perform their job duties effectively but also actively contribute to the company's overall success. There are different types of stock options that may be offered under this plan, including: 1. Non-Qualified Stock Options (SOS): These stock options are typically granted to employees and do not qualify for special tax treatment. The employees must report the gain or loss on their tax returns when they exercise these options. 2. Incentive Stock Options (SOS): SOS are generally granted to key employees and offer tax advantages. If certain holding requirements are met, the employees may benefit from long-term capital gains tax rates instead of ordinary income rates upon the sale of the stock. 3. Restricted Stock Units (RSS): RSS are similar to stock options but do not require the employee to pay the exercise price. Instead, RSS represent a promise to deliver stock upon vesting. Once RSS vest, employees receive shares of stock or the equivalent cash value. By adopting the Phoenix Arizona Adoption of Stock Option Plan, WSFS Financial Corporation aims to foster a culture of ownership, aligning the interests of its employees with the overall growth and profitability of the company. This plan ensures that employees have an additional stake in the success of the corporation and encourages them to work towards its long-term goals.