Fulton Georgia Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Stock Option Plan of WSFS Financial Corporation is a comprehensive employee benefit program designed to provide eligible employees with the opportunity to acquire shares of WSFS Financial Corporation stock at a predetermined price. This plan serves as a mechanism to attract, motivate, and retain talented individuals within the organization. Primarily, the Fulton Georgia Stock Option Plan offers employees the option to purchase a specific number of shares of WSFS Financial Corporation stock within a specified period of time. These options are generally granted at a discount to the prevailing market price, allowing employees to acquire shares at a potentially lower cost. There are different types of stock options within the Fulton Georgia Stock Option Plan. One type is the Non-Qualified Stock Option, which is available to most employees and provides flexibility in terms of exercise timing and tax treatment. This option allows employees to exercise their right to purchase shares on a specific date or within a specified timeframe. Another type is the Incentive Stock Option (ISO). This option is usually reserved for higher-level executives and carries certain tax advantages. It grants employees the right to purchase shares at a favorable price, and if certain holding requirements are met, the profit from the sale of these shares may be taxed at a lower capital gains rate. Additionally, the Fulton Georgia Stock Option Plan may offer Restricted Stock Options. This type of option grants employees the right to acquire shares of WSFS Financial Corporation stock, subject to certain vesting conditions. These conditions typically include continued employment for a specified period or the achievement of specific performance goals. The Fulton Georgia Stock Option Plan plays a vital role in aligning employee interests with the long-term success of WSFS Financial Corporation. By incentivizing employees with the opportunity to own a stake in the company, it fosters a sense of ownership and encourages employees to contribute to the organization's growth and profitability. Overall, the Fulton Georgia Stock Option Plan of WSFS Financial Corporation provides eligible employees with a valuable means to participate in the company's success, benefit from potential stock price appreciation, and create a stronger bond between employees and the organization. It is an integral component of WSFS Financial Corporation's commitment to recognizing and rewarding the contributions of its workforce.

The Fulton Georgia Stock Option Plan of WSFS Financial Corporation is a comprehensive employee benefit program designed to provide eligible employees with the opportunity to acquire shares of WSFS Financial Corporation stock at a predetermined price. This plan serves as a mechanism to attract, motivate, and retain talented individuals within the organization. Primarily, the Fulton Georgia Stock Option Plan offers employees the option to purchase a specific number of shares of WSFS Financial Corporation stock within a specified period of time. These options are generally granted at a discount to the prevailing market price, allowing employees to acquire shares at a potentially lower cost. There are different types of stock options within the Fulton Georgia Stock Option Plan. One type is the Non-Qualified Stock Option, which is available to most employees and provides flexibility in terms of exercise timing and tax treatment. This option allows employees to exercise their right to purchase shares on a specific date or within a specified timeframe. Another type is the Incentive Stock Option (ISO). This option is usually reserved for higher-level executives and carries certain tax advantages. It grants employees the right to purchase shares at a favorable price, and if certain holding requirements are met, the profit from the sale of these shares may be taxed at a lower capital gains rate. Additionally, the Fulton Georgia Stock Option Plan may offer Restricted Stock Options. This type of option grants employees the right to acquire shares of WSFS Financial Corporation stock, subject to certain vesting conditions. These conditions typically include continued employment for a specified period or the achievement of specific performance goals. The Fulton Georgia Stock Option Plan plays a vital role in aligning employee interests with the long-term success of WSFS Financial Corporation. By incentivizing employees with the opportunity to own a stake in the company, it fosters a sense of ownership and encourages employees to contribute to the organization's growth and profitability. Overall, the Fulton Georgia Stock Option Plan of WSFS Financial Corporation provides eligible employees with a valuable means to participate in the company's success, benefit from potential stock price appreciation, and create a stronger bond between employees and the organization. It is an integral component of WSFS Financial Corporation's commitment to recognizing and rewarding the contributions of its workforce.