Oakland Michigan Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Oakland
• 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 Oakland Michigan Stock Option Plan of WSFS Financial Corporation is a comprehensive equity compensation program designed to reward and retain employees. This plan provides eligible participants with the opportunity to purchase company stock at a predetermined price within a specified timeframe. Under the Oakland Michigan Stock Option Plan, WSFS Financial Corporation grants stock options to its employees, allowing them to buy common stock at a price set on the grant date, known as the exercise price. These options typically vest over a specific period, incentivizing employees to remain with the company and contribute to its long-term success. One type of stock option offered under this plan is the Non-Qualified Stock Option (NO). Nests provide employees with the flexibility to exercise their options at any time, subject to the plan's terms and conditions. Another type is the Incentive Stock Option (ISO). SOS are subject to specific tax regulations and may provide employees with potential tax advantages if certain conditions are met. The Oakland Michigan Stock Option Plan has various benefits for participants. It aligns employees' interests with those of WSFS Financial Corporation by granting them the opportunity to own a stake in the company's success. As employees exercise their options and acquire shares, they become shareholders, which can foster a sense of ownership and increase motivation and commitment. Participation in the Oakland Michigan Stock Option Plan encourages employees to contribute to the company's growth, as their efforts directly impact the value of the stock they hold. This, in turn, can enhance overall shareholder value. The plan can also act as a valuable retention tool, offering an additional incentive for employees to stay with WSFS Financial Corporation, knowing they have the opportunity to build their financial future through stock ownership. Employees enrolled in the Oakland Michigan Stock Option Plan have access to comprehensive information and resources to help them understand the details and potential benefits of the program. WSFS Financial Corporation provides educational materials and guidance to ensure employees make informed decisions about exercising their options and maximizing their stock ownership. In summary, the Oakland Michigan Stock Option Plan of WSFS Financial Corporation is an equity compensation program that enables eligible employees to acquire company stock at a set price within a specific timeframe. By granting stock options, WSFS Financial Corporation aligns the interests of employees with the company's success, fosters a sense of ownership, and incentivizes employees to contribute to the company's growth. The plan offers different types of options, such as Nests and SOS, and provides various benefits, including potential tax advantages and retention incentives.

The Oakland Michigan Stock Option Plan of WSFS Financial Corporation is a comprehensive equity compensation program designed to reward and retain employees. This plan provides eligible participants with the opportunity to purchase company stock at a predetermined price within a specified timeframe. Under the Oakland Michigan Stock Option Plan, WSFS Financial Corporation grants stock options to its employees, allowing them to buy common stock at a price set on the grant date, known as the exercise price. These options typically vest over a specific period, incentivizing employees to remain with the company and contribute to its long-term success. One type of stock option offered under this plan is the Non-Qualified Stock Option (NO). Nests provide employees with the flexibility to exercise their options at any time, subject to the plan's terms and conditions. Another type is the Incentive Stock Option (ISO). SOS are subject to specific tax regulations and may provide employees with potential tax advantages if certain conditions are met. The Oakland Michigan Stock Option Plan has various benefits for participants. It aligns employees' interests with those of WSFS Financial Corporation by granting them the opportunity to own a stake in the company's success. As employees exercise their options and acquire shares, they become shareholders, which can foster a sense of ownership and increase motivation and commitment. Participation in the Oakland Michigan Stock Option Plan encourages employees to contribute to the company's growth, as their efforts directly impact the value of the stock they hold. This, in turn, can enhance overall shareholder value. The plan can also act as a valuable retention tool, offering an additional incentive for employees to stay with WSFS Financial Corporation, knowing they have the opportunity to build their financial future through stock ownership. Employees enrolled in the Oakland Michigan Stock Option Plan have access to comprehensive information and resources to help them understand the details and potential benefits of the program. WSFS Financial Corporation provides educational materials and guidance to ensure employees make informed decisions about exercising their options and maximizing their stock ownership. In summary, the Oakland Michigan Stock Option Plan of WSFS Financial Corporation is an equity compensation program that enables eligible employees to acquire company stock at a set price within a specific timeframe. By granting stock options, WSFS Financial Corporation aligns the interests of employees with the company's success, fosters a sense of ownership, and incentivizes employees to contribute to the company's growth. The plan offers different types of options, such as Nests and SOS, and provides various benefits, including potential tax advantages and retention incentives.