Phoenix Arizona Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Stock Option Plan of WSFS Financial Corporation is a comprehensive employee benefit program designed to provide incentives and rewards to its employees in the Phoenix, Arizona region. This plan offers various types of stock options, which allow employees to purchase company stocks at a predetermined price, referred to as the exercise price. One type of stock option offered within the Phoenix Arizona Stock Option Plan is the Non-Qualified Stock Option (NO). This option allows employees to purchase company stocks at the exercise price, regardless of whether the stocks have increased in value since the grant date. The Nests are subject to tax obligations upon exercise. Another type of stock option available in the plan is the Incentive Stock Option (ISO). These options provide favorable tax treatment to employees, as the gains from exercising SOS are generally taxed at the lower capital gains rate. To qualify for SOS, employees must meet specific criteria set forth by the Internal Revenue Service (IRS). The Phoenix Arizona Stock Option Plan of WSFS Financial Corporation serves as a valuable tool for attracting and retaining talented professionals. By offering employees the opportunity to become partial owners of the company, the plan aligns their interests with the success and growth of WSFS Financial Corporation. Through the stock option plan, employees have the flexibility to exercise their options at a time when they believe the stock price is favorable or hold onto the options until a later date. This grants them the potential to profit from the appreciation of the company's stock value over time. Participating in the Phoenix Arizona Stock Option Plan of WSFS Financial Corporation can be seen as a long-term investment in the employees' financial future. It not only provides a sense of ownership but also fosters a shared commitment to the company's success and overall growth. WSFS Financial Corporation places great importance on supporting the financial well-being and advancement of its employees. The comprehensive nature of the Phoenix Arizona Stock Option Plan reflects this commitment, ensuring that eligible individuals in the region have access to a competitive and rewarding benefit program.

The Phoenix Arizona Stock Option Plan of WSFS Financial Corporation is a comprehensive employee benefit program designed to provide incentives and rewards to its employees in the Phoenix, Arizona region. This plan offers various types of stock options, which allow employees to purchase company stocks at a predetermined price, referred to as the exercise price. One type of stock option offered within the Phoenix Arizona Stock Option Plan is the Non-Qualified Stock Option (NO). This option allows employees to purchase company stocks at the exercise price, regardless of whether the stocks have increased in value since the grant date. The Nests are subject to tax obligations upon exercise. Another type of stock option available in the plan is the Incentive Stock Option (ISO). These options provide favorable tax treatment to employees, as the gains from exercising SOS are generally taxed at the lower capital gains rate. To qualify for SOS, employees must meet specific criteria set forth by the Internal Revenue Service (IRS). The Phoenix Arizona Stock Option Plan of WSFS Financial Corporation serves as a valuable tool for attracting and retaining talented professionals. By offering employees the opportunity to become partial owners of the company, the plan aligns their interests with the success and growth of WSFS Financial Corporation. Through the stock option plan, employees have the flexibility to exercise their options at a time when they believe the stock price is favorable or hold onto the options until a later date. This grants them the potential to profit from the appreciation of the company's stock value over time. Participating in the Phoenix Arizona Stock Option Plan of WSFS Financial Corporation can be seen as a long-term investment in the employees' financial future. It not only provides a sense of ownership but also fosters a shared commitment to the company's success and overall growth. WSFS Financial Corporation places great importance on supporting the financial well-being and advancement of its employees. The comprehensive nature of the Phoenix Arizona Stock Option Plan reflects this commitment, ensuring that eligible individuals in the region have access to a competitive and rewarding benefit program.