Houston Texas Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Houston
• 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 Houston Texas Stock Option Plan of WSFS Financial Corporation is a comprehensive program designed to attract and retain top talent within the organization. This plan is specifically tailored for employees based in the Houston, Texas area. As an integral part of WSFS Financial Corporation's compensation package, the Houston Texas Stock Option Plan offers employees the opportunity to purchase company stock at a predetermined price, known as the exercise or strike price. This plan is an excellent method to motivate and incentivize employees by aligning their actions and interests with the performance and success of the company. There are several key features and benefits associated with the Houston Texas Stock Option Plan. Firstly, it provides employees with the option to purchase company stock at a discounted price, which can be a significant advantage as the stock value appreciates over time. This opportunity allows employees to participate in the company's growth and profitability. Moreover, this plan promotes employee retention and loyalty by including vesting schedules. Vesting refers to the process by which employees gain ownership rights to their stock options over a defined period. The vesting period serves as an incentive for employees to remain with the company, thereby creating a long-term commitment to their roles and contributing to the overall success of WSFS Financial Corporation. The Houston Texas Stock Option Plan of WSFS Financial Corporation may consist of various types, each tailored to specific employee groups or levels within the organization. These types may include: 1. Employee Stock Purchase Plans (ESPN): ESPN generally offer all employees the opportunity to purchase company stock at a discounted price through regular payroll deductions. This inclusive plan encourages broad-based employee participation. 2. Incentive Stock Options (ISO): SOS are typically offered to key employees and executives, providing them with the right to purchase company stock at a favorable price. These options often come with specific tax advantages. 3. Non-Qualified Stock Options (NO): Nests are available to a broader employee base and offer them the ability to purchase company stock without the same tax advantages as SOS. However, they still provide compelling incentive opportunities. 4. Restricted Stock Units (RSS): RSS represent a promise to grant employees a specific number of company shares at a predetermined future date, usually tied to performance milestones or continued employment. RSS is similar to stock options but don't require an upfront purchase. In conclusion, the Houston Texas Stock Option Plan of WSFS Financial Corporation is a strategic initiative aimed at attracting and retaining talent within the Houston, Texas area. This comprehensive plan offers employees various types of stock options, providing them with opportunities to participate in the company's growth and success. Vesting schedules and discounts on stock prices further enhance the plan's appeal, ensuring a committed and motivated workforce.

The Houston Texas Stock Option Plan of WSFS Financial Corporation is a comprehensive program designed to attract and retain top talent within the organization. This plan is specifically tailored for employees based in the Houston, Texas area. As an integral part of WSFS Financial Corporation's compensation package, the Houston Texas Stock Option Plan offers employees the opportunity to purchase company stock at a predetermined price, known as the exercise or strike price. This plan is an excellent method to motivate and incentivize employees by aligning their actions and interests with the performance and success of the company. There are several key features and benefits associated with the Houston Texas Stock Option Plan. Firstly, it provides employees with the option to purchase company stock at a discounted price, which can be a significant advantage as the stock value appreciates over time. This opportunity allows employees to participate in the company's growth and profitability. Moreover, this plan promotes employee retention and loyalty by including vesting schedules. Vesting refers to the process by which employees gain ownership rights to their stock options over a defined period. The vesting period serves as an incentive for employees to remain with the company, thereby creating a long-term commitment to their roles and contributing to the overall success of WSFS Financial Corporation. The Houston Texas Stock Option Plan of WSFS Financial Corporation may consist of various types, each tailored to specific employee groups or levels within the organization. These types may include: 1. Employee Stock Purchase Plans (ESPN): ESPN generally offer all employees the opportunity to purchase company stock at a discounted price through regular payroll deductions. This inclusive plan encourages broad-based employee participation. 2. Incentive Stock Options (ISO): SOS are typically offered to key employees and executives, providing them with the right to purchase company stock at a favorable price. These options often come with specific tax advantages. 3. Non-Qualified Stock Options (NO): Nests are available to a broader employee base and offer them the ability to purchase company stock without the same tax advantages as SOS. However, they still provide compelling incentive opportunities. 4. Restricted Stock Units (RSS): RSS represent a promise to grant employees a specific number of company shares at a predetermined future date, usually tied to performance milestones or continued employment. RSS is similar to stock options but don't require an upfront purchase. In conclusion, the Houston Texas Stock Option Plan of WSFS Financial Corporation is a strategic initiative aimed at attracting and retaining talent within the Houston, Texas area. This comprehensive plan offers employees various types of stock options, providing them with opportunities to participate in the company's growth and success. Vesting schedules and discounts on stock prices further enhance the plan's appeal, ensuring a committed and motivated workforce.