Collin Texas Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Stock Option Plan is a program offered by WSFS Financial Corporation, a leading financial services company based in Collin, Texas. This plan is designed to provide eligible employees with the opportunity to purchase company stock at a predetermined price, known as the exercise price. Under the Collin Texas Stock Option Plan, employees are granted the right to buy a specific number of shares at the exercise price within a designated timeframe. This program is used to incentivize and reward employees for their contributions to the company's success, as it allows them to share in the company's growth and financial gains. WSFS Financial Corporation offers different types of Collin Texas Stock Option Plans to its employees based on their job roles, performance, and tenure. These may include: 1. Employee Stock Option Plan (ESOP): This type of plan is commonly offered to all employees, providing them with the opportunity to purchase company stock at a discounted price. Sops are typically subject to vesting periods, meaning employees need to stay with the company for a certain duration to fully benefit from their stock options. 2. Executive Stock Option Plan: This plan is specifically designed for executives and top-level management within WSFS Financial Corporation. Executives often receive larger stock option grants and may be subject to different eligibility criteria and vesting schedules than other employees. 3. Performance-Based Stock Option Plan: This plan is based on individual or company-wide performance metrics. Employees may be granted stock options if specific targets or milestones are achieved, such as reaching sales goals, increasing shareholder value, or attaining other performance objectives. Performance-based stock option plans aim to align employee incentives with the company's strategic objectives. 4. Restricted Stock Unit (RSU) Plan: While not technically an option plan, RSS are commonly offered alongside stock option plans. RSS grant employees the right to receive company stock after a specific vesting period. Unlike options, which require an exercise price, RSS are typically given as nontransferable incentives that convert into shares of company stock over time. WSFS Financial Corporation recognizes the importance of attracting and retaining top talent, and the Collin Texas Stock Option Plan is an integral component of their overall compensation package. By offering different types of stock option plans, the company can tailor rewards to meet the needs and goals of its diverse workforce, while promoting employee loyalty, motivation, and long-term commitment.

The Collin Texas Stock Option Plan is a program offered by WSFS Financial Corporation, a leading financial services company based in Collin, Texas. This plan is designed to provide eligible employees with the opportunity to purchase company stock at a predetermined price, known as the exercise price. Under the Collin Texas Stock Option Plan, employees are granted the right to buy a specific number of shares at the exercise price within a designated timeframe. This program is used to incentivize and reward employees for their contributions to the company's success, as it allows them to share in the company's growth and financial gains. WSFS Financial Corporation offers different types of Collin Texas Stock Option Plans to its employees based on their job roles, performance, and tenure. These may include: 1. Employee Stock Option Plan (ESOP): This type of plan is commonly offered to all employees, providing them with the opportunity to purchase company stock at a discounted price. Sops are typically subject to vesting periods, meaning employees need to stay with the company for a certain duration to fully benefit from their stock options. 2. Executive Stock Option Plan: This plan is specifically designed for executives and top-level management within WSFS Financial Corporation. Executives often receive larger stock option grants and may be subject to different eligibility criteria and vesting schedules than other employees. 3. Performance-Based Stock Option Plan: This plan is based on individual or company-wide performance metrics. Employees may be granted stock options if specific targets or milestones are achieved, such as reaching sales goals, increasing shareholder value, or attaining other performance objectives. Performance-based stock option plans aim to align employee incentives with the company's strategic objectives. 4. Restricted Stock Unit (RSU) Plan: While not technically an option plan, RSS are commonly offered alongside stock option plans. RSS grant employees the right to receive company stock after a specific vesting period. Unlike options, which require an exercise price, RSS are typically given as nontransferable incentives that convert into shares of company stock over time. WSFS Financial Corporation recognizes the importance of attracting and retaining top talent, and the Collin Texas Stock Option Plan is an integral component of their overall compensation package. By offering different types of stock option plans, the company can tailor rewards to meet the needs and goals of its diverse workforce, while promoting employee loyalty, motivation, and long-term commitment.