Palm Beach Florida Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Palm Beach
• 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 WSFS Financial Corporation, a renowned banking institution, offers the Palm Beach Florida Stock Option Plan as an enticing employee benefit. This plan allows eligible employees to purchase a certain number of company stocks at a predetermined price within a specified timeframe. The program not only aims to incentivize and reward employees but also aligns their interests with the long-term success of WSFS Financial Corporation. The Palm Beach Florida Stock Option Plan is tailored to meet the unique needs of WSFS employees working in the Palm Beach, Florida region. This region is known for its affluent neighborhoods, pristine beaches, and vibrant social scene, making it an attractive destination to live and work. By offering this stock option plan, WSFS Financial Corporation ensures that their employees in Palm Beach feel valued and have the opportunity to enhance their financial well-being. The Palm Beach Florida Stock Option Plan offers various types to cater to different employee requirements and preferences. One common type is the Non-Qualified Stock Option Plan, which grants employees the ability to buy company stocks at a predetermined price, usually lower than the market value. This type of plan can provide significant financial benefits to employees if the company's stock value rises over time. Another type is the Incentive Stock Option Plan, which is designed to encourage long-term employment and loyalty among employees. Under this plan, employees are awarded stock options as part of their compensation package, which can be exercised at a future date. If the employee meets specific requirements and holds the stocks for a certain period, they may receive favorable tax treatment on the stock gains. WSFS Financial Corporation's Palm Beach Florida Stock Option Plan aims to attract and retain top talent by offering a valuable compensation package that extends beyond a typical salary and benefits. Employees who participate in this program have the opportunity to share in the company's success, align their interests with those of WSFS Financial Corporation, and potentially benefit from the growth of the company's stock price. In conclusion, the Palm Beach Florida Stock Option Plan of WSFS Financial Corporation offers employees in the Palm Beach region an exceptional opportunity to acquire company stocks at a set price, enhancing their financial future. By offering diverse types of stock option plans, WSFS Financial Corporation ensures flexibility and caters to the unique needs of its workforce. This program strengthens employee loyalty, incentivizes performance, and further establishes WSFS Financial Corporation as an employer of choice in Palm Beach, Florida.

WSFS Financial Corporation, a renowned banking institution, offers the Palm Beach Florida Stock Option Plan as an enticing employee benefit. This plan allows eligible employees to purchase a certain number of company stocks at a predetermined price within a specified timeframe. The program not only aims to incentivize and reward employees but also aligns their interests with the long-term success of WSFS Financial Corporation. The Palm Beach Florida Stock Option Plan is tailored to meet the unique needs of WSFS employees working in the Palm Beach, Florida region. This region is known for its affluent neighborhoods, pristine beaches, and vibrant social scene, making it an attractive destination to live and work. By offering this stock option plan, WSFS Financial Corporation ensures that their employees in Palm Beach feel valued and have the opportunity to enhance their financial well-being. The Palm Beach Florida Stock Option Plan offers various types to cater to different employee requirements and preferences. One common type is the Non-Qualified Stock Option Plan, which grants employees the ability to buy company stocks at a predetermined price, usually lower than the market value. This type of plan can provide significant financial benefits to employees if the company's stock value rises over time. Another type is the Incentive Stock Option Plan, which is designed to encourage long-term employment and loyalty among employees. Under this plan, employees are awarded stock options as part of their compensation package, which can be exercised at a future date. If the employee meets specific requirements and holds the stocks for a certain period, they may receive favorable tax treatment on the stock gains. WSFS Financial Corporation's Palm Beach Florida Stock Option Plan aims to attract and retain top talent by offering a valuable compensation package that extends beyond a typical salary and benefits. Employees who participate in this program have the opportunity to share in the company's success, align their interests with those of WSFS Financial Corporation, and potentially benefit from the growth of the company's stock price. In conclusion, the Palm Beach Florida Stock Option Plan of WSFS Financial Corporation offers employees in the Palm Beach region an exceptional opportunity to acquire company stocks at a set price, enhancing their financial future. By offering diverse types of stock option plans, WSFS Financial Corporation ensures flexibility and caters to the unique needs of its workforce. This program strengthens employee loyalty, incentivizes performance, and further establishes WSFS Financial Corporation as an employer of choice in Palm Beach, Florida.