King Washington Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: King
• 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 King Washington Stock Option Plan is a comprehensive equity compensation program offered by WSFS Financial Corporation, a prominent financial services company. This plan allows eligible employees to purchase company stocks at a predetermined exercise price within a specified period. Under the King Washington Stock Option Plan, employees are granted stock options that provide them with the opportunity to buy a specified number of shares of WSFS Financial Corporation's common stock. The exercise price is typically set at the market price of the stock on the date of the grant, ensuring employees have an incentive to contribute to the company's growth and success. The stock options granted through King Washington Stock Option Plan are subject to a vesting schedule, which means employees can exercise their options only after completing a certain period of service or achieving specific performance milestones. This vesting schedule strengthens the alignment between employees' interests and the long-term success of the company. One of the notable features of the King Washington Stock Option Plan is its flexibility. It allows employees to exercise their options at any time during the exercise period, usually ranging from a few years to a decade, depending on the terms of the specific option grant. This flexibility enables employees to make investment decisions that align with their financial goals and market conditions. The King Washington Stock Option Plan of WSFS Financial Corporation promotes employee ownership, fostering a sense of loyalty and commitment to the company's success. By offering stock options, WSFS Financial Corporation incentivizes its workforce to maximize their performance and contribute to the growth and profitability of the company. It's important to note that there may be different types of stock options available under the King Washington Stock Option Plan. These options include incentive stock options (SOS) and non-qualified stock options (Nests). SOS are generally offered to key employees and offer tax advantages, while Nests are more flexible but subject to standard income tax treatment. In summary, the King Washington Stock Option Plan of WSFS Financial Corporation is an equity compensation program designed to motivate and reward employees by offering them the opportunity to purchase company shares at a predetermined price. It provides flexibility, aligns employee interests with company success, and promotes a culture of ownership.

King Washington Stock Option Plan is a comprehensive equity compensation program offered by WSFS Financial Corporation, a prominent financial services company. This plan allows eligible employees to purchase company stocks at a predetermined exercise price within a specified period. Under the King Washington Stock Option Plan, employees are granted stock options that provide them with the opportunity to buy a specified number of shares of WSFS Financial Corporation's common stock. The exercise price is typically set at the market price of the stock on the date of the grant, ensuring employees have an incentive to contribute to the company's growth and success. The stock options granted through King Washington Stock Option Plan are subject to a vesting schedule, which means employees can exercise their options only after completing a certain period of service or achieving specific performance milestones. This vesting schedule strengthens the alignment between employees' interests and the long-term success of the company. One of the notable features of the King Washington Stock Option Plan is its flexibility. It allows employees to exercise their options at any time during the exercise period, usually ranging from a few years to a decade, depending on the terms of the specific option grant. This flexibility enables employees to make investment decisions that align with their financial goals and market conditions. The King Washington Stock Option Plan of WSFS Financial Corporation promotes employee ownership, fostering a sense of loyalty and commitment to the company's success. By offering stock options, WSFS Financial Corporation incentivizes its workforce to maximize their performance and contribute to the growth and profitability of the company. It's important to note that there may be different types of stock options available under the King Washington Stock Option Plan. These options include incentive stock options (SOS) and non-qualified stock options (Nests). SOS are generally offered to key employees and offer tax advantages, while Nests are more flexible but subject to standard income tax treatment. In summary, the King Washington Stock Option Plan of WSFS Financial Corporation is an equity compensation program designed to motivate and reward employees by offering them the opportunity to purchase company shares at a predetermined price. It provides flexibility, aligns employee interests with company success, and promotes a culture of ownership.