Travis Texas Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Travis
• 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 Travis Texas Stock Option Plan of WSFS Financial Corporation offers employees the opportunity to purchase company stock at a predetermined price within a specified timeframe. This plan is designed to incentivize and reward employees for their contributions to the corporation's success while fostering a sense of ownership and alignment with the company's goals. This stock option plan serves as a strategic tool for WSFS Financial Corporation, motivating employees to work towards the achievement of both individual and organizational objectives. By providing employees with the ability to buy company shares at a predetermined price, typically lower than the market value, this plan offers a potential financial benefit to participants. The Travis Texas Stock Option Plan may have various types tailored to meet the diverse needs and goals of employees within WSFS Financial Corporation. Some of these variations might include: 1. Non-Qualified Stock Options (SOS): SOS are typically granted to all employees and do not qualify for special tax treatment. These options offer flexibility as they can be granted at any exercise price. 2. Incentive Stock Options (SOS): SOS are intended for key employees and provide tax advantages compared to SOS. However, specific requirements must be met to qualify for these beneficial tax treatments. 3. Restricted Stock Units (RSS): RSS involve the grant of actual company shares to employees, either immediately or over a vesting period. RSS provide employees with the potential to share in the company's growth and success. 4. Performance-Based Stock Options: These stock options are granted based on the achievement of certain predetermined performance goals by the employee or the company as a whole. They incentivize employees to perform at their best and align their efforts with the corporation's strategic objectives. The Travis Texas Stock Option Plan of WSFS Financial Corporation aims to attract, retain, and motivate talented individuals, encouraging them to contribute to the overall growth and success of the organization. It serves as a valuable component of the corporation's comprehensive compensation and benefits package, fostering a culture of excellence, innovation, and long-term commitment among its workforce.

Travis Texas Stock Option Plan of WSFS Financial Corporation offers employees the opportunity to purchase company stock at a predetermined price within a specified timeframe. This plan is designed to incentivize and reward employees for their contributions to the corporation's success while fostering a sense of ownership and alignment with the company's goals. This stock option plan serves as a strategic tool for WSFS Financial Corporation, motivating employees to work towards the achievement of both individual and organizational objectives. By providing employees with the ability to buy company shares at a predetermined price, typically lower than the market value, this plan offers a potential financial benefit to participants. The Travis Texas Stock Option Plan may have various types tailored to meet the diverse needs and goals of employees within WSFS Financial Corporation. Some of these variations might include: 1. Non-Qualified Stock Options (SOS): SOS are typically granted to all employees and do not qualify for special tax treatment. These options offer flexibility as they can be granted at any exercise price. 2. Incentive Stock Options (SOS): SOS are intended for key employees and provide tax advantages compared to SOS. However, specific requirements must be met to qualify for these beneficial tax treatments. 3. Restricted Stock Units (RSS): RSS involve the grant of actual company shares to employees, either immediately or over a vesting period. RSS provide employees with the potential to share in the company's growth and success. 4. Performance-Based Stock Options: These stock options are granted based on the achievement of certain predetermined performance goals by the employee or the company as a whole. They incentivize employees to perform at their best and align their efforts with the corporation's strategic objectives. The Travis Texas Stock Option Plan of WSFS Financial Corporation aims to attract, retain, and motivate talented individuals, encouraging them to contribute to the overall growth and success of the organization. It serves as a valuable component of the corporation's comprehensive compensation and benefits package, fostering a culture of excellence, innovation, and long-term commitment among its workforce.