Dallas Texas Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Dallas
• 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 Dallas Texas Stock Option Plan of WSFS Financial Corporation is a compensation strategy offered by the company to its employees in the Dallas, Texas area. This plan grants eligible employees the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified timeframe. Stock options are a popular form of employee equity compensation, allowing employees to benefit from the company's potential growth and success. WSFS Financial Corporation provides various types of stock option plans to its employees in Dallas, Texas. These plans may include: 1. Non-Qualified Stock Option Plan: This type of plan offers employees the flexibility to exercise their stock options at any time. The employee is typically subject to ordinary income tax on the difference between the exercise price and the fair market value of the stock at the time of exercise. 2. Incentive Stock Option Plan: This plan is specifically designed to incentivize employees and provide potential tax advantages. Employees who meet certain requirements can exercise their stock options without incurring immediate tax consequences. However, they may be subject to alternative minimum tax (AMT) if specific conditions are met. 3. Employee Stock Purchase Plan (ESPN): While not a traditional stock option plan, an ESPN allows employees to purchase company stock at a discounted price using a payroll deduction. This plan encourages employees to invest in the company's future and share in its success. 4. Restricted Stock Units (RSS): RSS are another form of equity compensation plan where employees receive units of company stock, subject to certain vesting conditions. Upon vesting, employees are eligible to receive the shares of company stock. WSFS Financial Corporation's Dallas Texas Stock Option Plan enables employees to participate in the company's growth and aligns their interests with shareholders'. It serves as an effective tool for retaining and motivating talented employees while fostering a sense of ownership and dedication to the company's long-term success.

The Dallas Texas Stock Option Plan of WSFS Financial Corporation is a compensation strategy offered by the company to its employees in the Dallas, Texas area. This plan grants eligible employees the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified timeframe. Stock options are a popular form of employee equity compensation, allowing employees to benefit from the company's potential growth and success. WSFS Financial Corporation provides various types of stock option plans to its employees in Dallas, Texas. These plans may include: 1. Non-Qualified Stock Option Plan: This type of plan offers employees the flexibility to exercise their stock options at any time. The employee is typically subject to ordinary income tax on the difference between the exercise price and the fair market value of the stock at the time of exercise. 2. Incentive Stock Option Plan: This plan is specifically designed to incentivize employees and provide potential tax advantages. Employees who meet certain requirements can exercise their stock options without incurring immediate tax consequences. However, they may be subject to alternative minimum tax (AMT) if specific conditions are met. 3. Employee Stock Purchase Plan (ESPN): While not a traditional stock option plan, an ESPN allows employees to purchase company stock at a discounted price using a payroll deduction. This plan encourages employees to invest in the company's future and share in its success. 4. Restricted Stock Units (RSS): RSS are another form of equity compensation plan where employees receive units of company stock, subject to certain vesting conditions. Upon vesting, employees are eligible to receive the shares of company stock. WSFS Financial Corporation's Dallas Texas Stock Option Plan enables employees to participate in the company's growth and aligns their interests with shareholders'. It serves as an effective tool for retaining and motivating talented employees while fostering a sense of ownership and dedication to the company's long-term success.