Santa Clara California Stock Option Plan of WSFS Financial Corporation

State:
Multi-State
County:
Santa Clara
Control #:
US-CC-18-352B
Format:
Word; 
Rich Text
Instant download

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 Santa Clara California Stock Option Plan of WSFS Financial Corporation is a comprehensive and enticing incentive program designed to reward employees with ownership in the company. It is a part of WSFS Financial Corporation's employee compensation package. The Stock Option Plan grants employees the opportunity to purchase a specific number of company shares at a predetermined price known as the exercise price. The plan's purpose is to encourage employees to contribute to the company's growth and success, aligning their interests with those of the shareholders. By offering stock options, WSFS Financial Corporation aims to attract and retain top talent while fostering a sense of ownership and loyalty among employees. There are various types of stock options available under the Santa Clara California Stock Option Plan. Firstly, the plan may include Non-Qualified Stock Options (Nests). Nests provide employees with the flexibility to exercise their options at any time during a specified period, offering potential tax advantages. On the other hand, Incentive Stock Options (SOS) are another type of stock option that provides certain tax advantages if specific holding requirements are met. The Santa Clara California Stock Option Plan also offers Stock Appreciation Rights (SARS), which allow employees to benefit from the increase in the stock's value without having to obtain actual shares. With SARS, employees receive the appreciation amount in cash or shares, depending on the plan's terms. Under this plan, WSFS Financial Corporation includes a vesting schedule, which determines when employees can exercise their stock options. Vesting typically occurs over a specific period, incentivizing employees to stay with the company for the long term. Vesting provides additional motivation for employees to contribute to the company's growth and value. WSFS Financial Corporation's Stock Option Plan complies with all applicable laws and regulations, ensuring transparency, fairness, and equity among participating employees. The plan also includes provisions for adjustments based on stock splits, mergers, or other corporate actions, protecting employees' interests and aligning with market standards. In summary, the Santa Clara California Stock Option Plan of WSFS Financial Corporation is a dynamic and flexible compensation program designed to engage and reward employees. Through various stock option types, including Nests, SOS, and SARS, employees can benefit from the company's growth while fostering a shared sense of ownership and motivation. With a well-defined vesting schedule and compliance with regulatory requirements, this plan signifies the company's commitment to attracting and retaining top talent.

The Santa Clara California Stock Option Plan of WSFS Financial Corporation is a comprehensive and enticing incentive program designed to reward employees with ownership in the company. It is a part of WSFS Financial Corporation's employee compensation package. The Stock Option Plan grants employees the opportunity to purchase a specific number of company shares at a predetermined price known as the exercise price. The plan's purpose is to encourage employees to contribute to the company's growth and success, aligning their interests with those of the shareholders. By offering stock options, WSFS Financial Corporation aims to attract and retain top talent while fostering a sense of ownership and loyalty among employees. There are various types of stock options available under the Santa Clara California Stock Option Plan. Firstly, the plan may include Non-Qualified Stock Options (Nests). Nests provide employees with the flexibility to exercise their options at any time during a specified period, offering potential tax advantages. On the other hand, Incentive Stock Options (SOS) are another type of stock option that provides certain tax advantages if specific holding requirements are met. The Santa Clara California Stock Option Plan also offers Stock Appreciation Rights (SARS), which allow employees to benefit from the increase in the stock's value without having to obtain actual shares. With SARS, employees receive the appreciation amount in cash or shares, depending on the plan's terms. Under this plan, WSFS Financial Corporation includes a vesting schedule, which determines when employees can exercise their stock options. Vesting typically occurs over a specific period, incentivizing employees to stay with the company for the long term. Vesting provides additional motivation for employees to contribute to the company's growth and value. WSFS Financial Corporation's Stock Option Plan complies with all applicable laws and regulations, ensuring transparency, fairness, and equity among participating employees. The plan also includes provisions for adjustments based on stock splits, mergers, or other corporate actions, protecting employees' interests and aligning with market standards. In summary, the Santa Clara California Stock Option Plan of WSFS Financial Corporation is a dynamic and flexible compensation program designed to engage and reward employees. Through various stock option types, including Nests, SOS, and SARS, employees can benefit from the company's growth while fostering a shared sense of ownership and motivation. With a well-defined vesting schedule and compliance with regulatory requirements, this plan signifies the company's commitment to attracting and retaining top talent.

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Santa Clara California Stock Option Plan of WSFS Financial Corporation