Orange California Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Orange
• 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 Orange California Stock Option Plan is a compensation program offered by WSFS Financial Corporation, a leading financial services company located in Orange, California. This plan provides employees with the opportunity to purchase company stock at a predetermined price within a specific timeframe. The Orange California Stock Option Plan implemented by WSFS Financial Corporation is designed to incentivize and reward employees by providing them with the right to purchase company shares at a discounted price. It aims to align the interests of employees with those of the company, promoting increased productivity and fostering a sense of ownership. There are different types of Orange California Stock Option Plans offered by WSFS Financial Corporation to meet the varying needs of its employees. These include: 1. Incentive Stock Options (SOS): These stock options are typically offered to key employees and provide tax advantages. Employees can purchase company shares at a predetermined price, known as the exercise price, and hold onto them for a certain period to take advantage of potential future appreciation. 2. Non-Qualified Stock Options (SOS): Unlike SOS, SOS do not offer the same tax advantages but provide more flexibility. Employees can purchase company shares at the exercise price, and there are no restrictions on the number of options that can be granted. 3. Restricted Stock Units (RSS): RSS are another type of stock option plan offered by WSFS Financial Corporation. Instead of receiving actual shares, employees are granted units, which are converted into shares upon vesting. Vesting typically occurs over a predetermined period or upon meeting certain performance milestones. 4. Employee Stock Purchase Plan (ESPN): WSFS Financial Corporation may also offer an ESPN, allowing employees to purchase company stock at a discounted price through regular payroll deductions. This plan encourages long-term employee retention by offering an attractive investment opportunity. Through the Orange California Stock Option Plan, WSFS Financial Corporation aims to attract and retain talented employees, foster a sense of loyalty, and promote a shared commitment to the company's growth and success. By offering different types of stock option plans, employees have the flexibility to choose the options that best suit their individual financial goals and circumstances.

Orange California Stock Option Plan is a compensation program offered by WSFS Financial Corporation, a leading financial services company located in Orange, California. This plan provides employees with the opportunity to purchase company stock at a predetermined price within a specific timeframe. The Orange California Stock Option Plan implemented by WSFS Financial Corporation is designed to incentivize and reward employees by providing them with the right to purchase company shares at a discounted price. It aims to align the interests of employees with those of the company, promoting increased productivity and fostering a sense of ownership. There are different types of Orange California Stock Option Plans offered by WSFS Financial Corporation to meet the varying needs of its employees. These include: 1. Incentive Stock Options (SOS): These stock options are typically offered to key employees and provide tax advantages. Employees can purchase company shares at a predetermined price, known as the exercise price, and hold onto them for a certain period to take advantage of potential future appreciation. 2. Non-Qualified Stock Options (SOS): Unlike SOS, SOS do not offer the same tax advantages but provide more flexibility. Employees can purchase company shares at the exercise price, and there are no restrictions on the number of options that can be granted. 3. Restricted Stock Units (RSS): RSS are another type of stock option plan offered by WSFS Financial Corporation. Instead of receiving actual shares, employees are granted units, which are converted into shares upon vesting. Vesting typically occurs over a predetermined period or upon meeting certain performance milestones. 4. Employee Stock Purchase Plan (ESPN): WSFS Financial Corporation may also offer an ESPN, allowing employees to purchase company stock at a discounted price through regular payroll deductions. This plan encourages long-term employee retention by offering an attractive investment opportunity. Through the Orange California Stock Option Plan, WSFS Financial Corporation aims to attract and retain talented employees, foster a sense of loyalty, and promote a shared commitment to the company's growth and success. By offering different types of stock option plans, employees have the flexibility to choose the options that best suit their individual financial goals and circumstances.