Fairfax Virginia Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fairfax
• 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 Fairfax Virginia Stock Option Plan of WSFS Financial Corporation is a comprehensive compensation program designed to attract and retain talented employees by providing them with an ownership stake in the company. This plan offers employees the opportunity to purchase company stock at a predetermined price within a specified timeframe. Under the Fairfax Virginia Stock Option Plan, employees are granted the right to purchase a specific number of shares of WSFS Financial Corporation's common stock at a predetermined exercise price. These options typically vest over a certain period, encouraging employees to stay with the company for the long term. Once vested, employees can exercise their options, purchasing the shares at the predetermined price. The Fairfax Virginia Stock Option Plan offers several benefits to eligible employees. First and foremost, it aligns the financial interests of employees with those of the company and its shareholders. By granting employees the opportunity to become shareholders, the plan motivates and rewards employees for their contributions towards the company's success. The plan also provides employees with potential financial gains. If the company's stock price increases above the predetermined exercise price, employees can exercise their options and sell the shares at a profit. This allows employees to share in the company's growth and success. In addition to the standard stock option plan, WSFS Financial Corporation may offer different types of stock option plans tailored to specific employee groups. These may include: 1. Senior Executive Stock Option Plan: This plan is designed for senior executives within the organization. It offers more substantial grants, often with longer vesting periods, to incentivize and retain top-level talent. 2. Employee Stock Purchase Plan: This plan allows employees to contribute a portion of their salary towards purchasing company stock at a discount. It provides an opportunity for all employees to become shareholders, regardless of their role within the organization. 3. Performance-Based Stock Option Plan: This plan is linked to specific performance targets set by the company. Employees are granted options based on their individual or team performance. It encourages high performance and directly ties compensation to achievements. The WSFS Financial Corporation's Fairfax Virginia Stock Option Plan is a powerful tool in attracting, retaining, and rewarding employees. It fosters a sense of ownership and encourages long-term commitment to the company's success. By aligning the interests of employees with those of shareholders, this plan ensures a motivated workforce invested in driving the company forward.

The Fairfax Virginia Stock Option Plan of WSFS Financial Corporation is a comprehensive compensation program designed to attract and retain talented employees by providing them with an ownership stake in the company. This plan offers employees the opportunity to purchase company stock at a predetermined price within a specified timeframe. Under the Fairfax Virginia Stock Option Plan, employees are granted the right to purchase a specific number of shares of WSFS Financial Corporation's common stock at a predetermined exercise price. These options typically vest over a certain period, encouraging employees to stay with the company for the long term. Once vested, employees can exercise their options, purchasing the shares at the predetermined price. The Fairfax Virginia Stock Option Plan offers several benefits to eligible employees. First and foremost, it aligns the financial interests of employees with those of the company and its shareholders. By granting employees the opportunity to become shareholders, the plan motivates and rewards employees for their contributions towards the company's success. The plan also provides employees with potential financial gains. If the company's stock price increases above the predetermined exercise price, employees can exercise their options and sell the shares at a profit. This allows employees to share in the company's growth and success. In addition to the standard stock option plan, WSFS Financial Corporation may offer different types of stock option plans tailored to specific employee groups. These may include: 1. Senior Executive Stock Option Plan: This plan is designed for senior executives within the organization. It offers more substantial grants, often with longer vesting periods, to incentivize and retain top-level talent. 2. Employee Stock Purchase Plan: This plan allows employees to contribute a portion of their salary towards purchasing company stock at a discount. It provides an opportunity for all employees to become shareholders, regardless of their role within the organization. 3. Performance-Based Stock Option Plan: This plan is linked to specific performance targets set by the company. Employees are granted options based on their individual or team performance. It encourages high performance and directly ties compensation to achievements. The WSFS Financial Corporation's Fairfax Virginia Stock Option Plan is a powerful tool in attracting, retaining, and rewarding employees. It fosters a sense of ownership and encourages long-term commitment to the company's success. By aligning the interests of employees with those of shareholders, this plan ensures a motivated workforce invested in driving the company forward.