Montgomery Maryland Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Montgomery
• 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 Montgomery Maryland stock option plan is a specific type of employee benefit program offered by WSFS Financial Corporation, a renowned financial services company operating in the Montgomery County area of Maryland. This stock option plan is designed to provide employees of WSFS Financial Corporation based in Montgomery Maryland, with an additional compensation component, in the form of stock options. Stock options are a common way for companies to incentivize and reward their employees. The Montgomery Maryland stock option plan allows eligible employees to purchase a specific number of company shares at a predetermined price within a defined timeframe. These stock options usually vest over a certain period, meaning that employees need to remain with the company for a certain length of time to exercise their options fully. The Montgomery Maryland stock option plan provides employees with several advantages. Firstly, it allows them to become partial owners of the company, providing a sense of ownership and alignment with the company's goals. Secondly, employees can benefit from the potential increase in the company's stock value, as they have the right to purchase shares at a predetermined price, which may be lower than the market value at the time of exercise. Additionally, this plan offers a tax advantage as the gains realized from the exercise of stock options may qualify for long-term capital gains tax rates. WSFS Financial Corporation may have various types of stock option plans within the Montgomery Maryland location. These could include: 1. Incentive Stock Options (SOS): Also known as qualified stock options, SOS are typically offered to key employees and may have tax benefits if specific holding periods and exercise conditions are met. 2. Non-Qualified Stock Options (Nests): Nests are more flexible and may be offered to a wider range of employees. While they do not offer the same tax advantages as SOS, they provide employees with an opportunity to purchase company shares at a predetermined price. 3. Restricted Stock Units (RSS): Although not strictly stock options, RSS are another common form of equity compensation. RSS grant employees the right to receive company shares after a specific vesting period, without requiring them to purchase anything upfront. Employees participating in the Montgomery Maryland stock option plan should familiarize themselves with the specific terms and conditions of their respective plan, including vesting schedules, exercise periods, and tax implications. It is advised to consult with a financial advisor or tax professional to fully understand the benefits and implications of participating in the Montgomery Maryland stock option plan of WSFS Financial Corporation.

The Montgomery Maryland stock option plan is a specific type of employee benefit program offered by WSFS Financial Corporation, a renowned financial services company operating in the Montgomery County area of Maryland. This stock option plan is designed to provide employees of WSFS Financial Corporation based in Montgomery Maryland, with an additional compensation component, in the form of stock options. Stock options are a common way for companies to incentivize and reward their employees. The Montgomery Maryland stock option plan allows eligible employees to purchase a specific number of company shares at a predetermined price within a defined timeframe. These stock options usually vest over a certain period, meaning that employees need to remain with the company for a certain length of time to exercise their options fully. The Montgomery Maryland stock option plan provides employees with several advantages. Firstly, it allows them to become partial owners of the company, providing a sense of ownership and alignment with the company's goals. Secondly, employees can benefit from the potential increase in the company's stock value, as they have the right to purchase shares at a predetermined price, which may be lower than the market value at the time of exercise. Additionally, this plan offers a tax advantage as the gains realized from the exercise of stock options may qualify for long-term capital gains tax rates. WSFS Financial Corporation may have various types of stock option plans within the Montgomery Maryland location. These could include: 1. Incentive Stock Options (SOS): Also known as qualified stock options, SOS are typically offered to key employees and may have tax benefits if specific holding periods and exercise conditions are met. 2. Non-Qualified Stock Options (Nests): Nests are more flexible and may be offered to a wider range of employees. While they do not offer the same tax advantages as SOS, they provide employees with an opportunity to purchase company shares at a predetermined price. 3. Restricted Stock Units (RSS): Although not strictly stock options, RSS are another common form of equity compensation. RSS grant employees the right to receive company shares after a specific vesting period, without requiring them to purchase anything upfront. Employees participating in the Montgomery Maryland stock option plan should familiarize themselves with the specific terms and conditions of their respective plan, including vesting schedules, exercise periods, and tax implications. It is advised to consult with a financial advisor or tax professional to fully understand the benefits and implications of participating in the Montgomery Maryland stock option plan of WSFS Financial Corporation.