Maricopa Arizona Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona Stock Option Plan of WSFS Financial Corporation is a unique employee incentivization program offered by the leading financial institution, WSFS Financial Corporation, specifically designed for its employees based in Maricopa, Arizona. This comprehensive plan aims to reward and motivate employees by providing them with stock options, allowing them to purchase shares of the company's common stock at a predetermined price within a specified time frame. The Maricopa Arizona Stock Option Plan is a testament to WSFS Financial Corporation's commitment to recognizing the valuable contributions of its employees in Maricopa, Arizona while aligning their interests with the company's long-term success. By granting stock options, the corporation gives employees the opportunity to potentially share in the financial growth of the company and become stakeholders in its future achievements. This stock option plan serves as a powerful incentive, promoting loyalty, retention, and dedication among the employees of WSFS Financial Corporation in Maricopa, Arizona. Employees eligible for participation in this plan can choose to exercise their vested stock options, thereby acquiring shares of the company's common stock at a favorable price, usually referred to as the exercise price. This exercise price is predetermined at the time of grant and is typically set at or above the market value of the stock. The Maricopa Arizona Stock Option Plan is structured to provide flexibility to the employees, allowing them to exercise their options at a time that suits their individual financial circumstances and market conditions. This plan empowers employees to monitor the market and make strategic decisions regarding the purchase or sale of their acquired shares with the aim of maximizing their financial gains. It's important to note that different types of stock option plans may exist within WSFS Financial Corporation for employees in Maricopa, Arizona. These plans may include incentive stock options (SOS), non-qualified stock options (SOS), or a combination of both. SOS are subject to specific tax regulations, including holding periods, whereas SOS do not have the same tax advantages but offer greater flexibility in terms of eligibility and exercise. In conclusion, the Maricopa Arizona Stock Option Plan of WSFS Financial Corporation is a comprehensive employee incentivization program that provides employees in Maricopa, Arizona with the opportunity to acquire shares of the company's common stock. The plan is designed to foster loyalty, retention, and dedication among employees while allowing them to potentially benefit from the financial success of the company. With various types of stock options available, employees have the flexibility to tailor their participation based on their individual financial goals and circumstances.

The Maricopa Arizona Stock Option Plan of WSFS Financial Corporation is a unique employee incentivization program offered by the leading financial institution, WSFS Financial Corporation, specifically designed for its employees based in Maricopa, Arizona. This comprehensive plan aims to reward and motivate employees by providing them with stock options, allowing them to purchase shares of the company's common stock at a predetermined price within a specified time frame. The Maricopa Arizona Stock Option Plan is a testament to WSFS Financial Corporation's commitment to recognizing the valuable contributions of its employees in Maricopa, Arizona while aligning their interests with the company's long-term success. By granting stock options, the corporation gives employees the opportunity to potentially share in the financial growth of the company and become stakeholders in its future achievements. This stock option plan serves as a powerful incentive, promoting loyalty, retention, and dedication among the employees of WSFS Financial Corporation in Maricopa, Arizona. Employees eligible for participation in this plan can choose to exercise their vested stock options, thereby acquiring shares of the company's common stock at a favorable price, usually referred to as the exercise price. This exercise price is predetermined at the time of grant and is typically set at or above the market value of the stock. The Maricopa Arizona Stock Option Plan is structured to provide flexibility to the employees, allowing them to exercise their options at a time that suits their individual financial circumstances and market conditions. This plan empowers employees to monitor the market and make strategic decisions regarding the purchase or sale of their acquired shares with the aim of maximizing their financial gains. It's important to note that different types of stock option plans may exist within WSFS Financial Corporation for employees in Maricopa, Arizona. These plans may include incentive stock options (SOS), non-qualified stock options (SOS), or a combination of both. SOS are subject to specific tax regulations, including holding periods, whereas SOS do not have the same tax advantages but offer greater flexibility in terms of eligibility and exercise. In conclusion, the Maricopa Arizona Stock Option Plan of WSFS Financial Corporation is a comprehensive employee incentivization program that provides employees in Maricopa, Arizona with the opportunity to acquire shares of the company's common stock. The plan is designed to foster loyalty, retention, and dedication among employees while allowing them to potentially benefit from the financial success of the company. With various types of stock options available, employees have the flexibility to tailor their participation based on their individual financial goals and circumstances.