Wake North Carolina Stock Option Plan of WSFS Financial Corporation

State:
Multi-State
County:
Wake
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 Wake North Carolina Stock Option Plan is a program offered by WSFS Financial Corporation, a leading financial services company, to its employees in Wake County, North Carolina. This plan provides employees the opportunity to purchase company stock at a specified price within a predetermined timeframe. The Wake North Carolina Stock Option Plan not only serves as an attractive employee benefit but also aligns employees' interests with the company's success. Under this plan, employees are granted stock options, giving them the right to buy a certain number of company shares at a predetermined price, known as the strike or exercise price. These options usually have a vesting period, during which employees must wait before exercising their options. The vesting period encourages loyalty and long-term commitment among employees. WSFS Financial Corporation offers two primary types of stock option plans to its Wake County employees: Non-Qualified Stock Options (Nests) and Incentive Stock Options (SOS). 1. Non-Qualified Stock Options (Nests): Nests are the most common type of stock option granted to employees. They offer flexibility and are not subject to strict regulatory requirements. Nests are not eligible for special tax treatment, and upon exercising these options, employees must pay taxes on the difference between the exercise price and the fair market value of the stock. 2. Incentive Stock Options (SOS): SOS are another type of stock option plan offered by WSFS Financial Corporation. These options provide potential tax advantages to employees. SOS are subject to specific IRS regulations, and if certain criteria are met, employees may benefit from preferential tax treatment upon the sale of the stock. Like Nests, SOS also have a vesting period. The Wake North Carolina Stock Option Plan of WSFS Financial Corporation demonstrates the company's commitment to recognizing and incentivizing the contributions of its Wake County employees. This plan not only empowers employees to become shareholders and participate in the company's growth but also aligns their financial interests with the long-term success of WSFS Financial Corporation.

Wake North Carolina Stock Option Plan is a program offered by WSFS Financial Corporation, a leading financial services company, to its employees in Wake County, North Carolina. This plan provides employees the opportunity to purchase company stock at a specified price within a predetermined timeframe. The Wake North Carolina Stock Option Plan not only serves as an attractive employee benefit but also aligns employees' interests with the company's success. Under this plan, employees are granted stock options, giving them the right to buy a certain number of company shares at a predetermined price, known as the strike or exercise price. These options usually have a vesting period, during which employees must wait before exercising their options. The vesting period encourages loyalty and long-term commitment among employees. WSFS Financial Corporation offers two primary types of stock option plans to its Wake County employees: Non-Qualified Stock Options (Nests) and Incentive Stock Options (SOS). 1. Non-Qualified Stock Options (Nests): Nests are the most common type of stock option granted to employees. They offer flexibility and are not subject to strict regulatory requirements. Nests are not eligible for special tax treatment, and upon exercising these options, employees must pay taxes on the difference between the exercise price and the fair market value of the stock. 2. Incentive Stock Options (SOS): SOS are another type of stock option plan offered by WSFS Financial Corporation. These options provide potential tax advantages to employees. SOS are subject to specific IRS regulations, and if certain criteria are met, employees may benefit from preferential tax treatment upon the sale of the stock. Like Nests, SOS also have a vesting period. The Wake North Carolina Stock Option Plan of WSFS Financial Corporation demonstrates the company's commitment to recognizing and incentivizing the contributions of its Wake County employees. This plan not only empowers employees to become shareholders and participate in the company's growth but also aligns their financial interests with the long-term success of WSFS Financial Corporation.

Free preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview

How to fill out Wake North Carolina Stock Option Plan Of WSFS Financial Corporation?

How much time does it normally take you to draft a legal document? Considering that every state has its laws and regulations for every life scenario, finding a Wake Stock Option Plan of WSFS Financial Corporation meeting all local requirements can be exhausting, and ordering it from a professional attorney is often costly. Many online services offer the most popular state-specific documents for download, but using the US Legal Forms library is most beneficial.

US Legal Forms is the most extensive online catalog of templates, grouped by states and areas of use. Apart from the Wake Stock Option Plan of WSFS Financial Corporation, here you can find any specific form to run your business or individual affairs, complying with your regional requirements. Experts check all samples for their actuality, so you can be sure to prepare your paperwork properly.

Using the service is fairly straightforward. If you already have an account on the platform and your subscription is valid, you only need to log in, opt for the needed sample, and download it. You can get the document in your profile anytime in the future. Otherwise, if you are new to the website, there will be some extra steps to complete before you obtain your Wake Stock Option Plan of WSFS Financial Corporation:

  1. Examine the content of the page you’re on.
  2. Read the description of the sample or Preview it (if available).
  3. Search for another form using the related option in the header.
  4. Click Buy Now once you’re certain in the chosen document.
  5. Choose the subscription plan that suits you most.
  6. Register for an account on the platform or log in to proceed to payment options.
  7. Make a payment via PalPal or with your credit card.
  8. Switch the file format if necessary.
  9. Click Download to save the Wake Stock Option Plan of WSFS Financial Corporation.
  10. Print the doc or use any preferred online editor to complete it electronically.

No matter how many times you need to use the purchased document, you can locate all the files you’ve ever saved in your profile by opening the My Forms tab. Give it a try!

Trusted and secure by over 3 million people of the world’s leading companies

Wake North Carolina Stock Option Plan of WSFS Financial Corporation