The Philadelphia Pennsylvania Stock Option Plan is an employee benefit offered by National Penn Ranchers, Inc., a financial institution headquartered in Pennsylvania. This plan is designed to provide eligible employees with the opportunity to purchase company stock at a predetermined price within a specified time frame. The Philadelphia Pennsylvania Stock Option Plan of National Penn Ranchers, Inc. allows employees to acquire shares of the company's stock, enabling them to become shareholders. This can be a valuable tool for employees to invest in their company's success and potentially profit from its growth. One type of the Philadelphia Pennsylvania Stock Option Plan offered by National Penn Ranchers, Inc. is the Non-Qualified Stock Option (NO) plan. This plan provides employees with the flexibility to exercise their options at any time after they vest, regardless of the stock's market value. Nests offer potential tax advantages for both the employer and the employee. Another type of stock option plan offered by National Penn Ranchers, Inc. is the Incentive Stock Option (ISO) plan. SOS are tax-advantaged stock options that can only be offered to employees and must meet specific requirements outlined by the Internal Revenue Service (IRS). These options have potential tax benefits for the employee upon exercise and sale. Employees who are eligible to participate in the Philadelphia Pennsylvania Stock Option Plan typically include full-time and part-time employees, as well as certain key personnel. The eligibility criteria may vary depending on the specific type of stock option plan offered. Participation in the Philadelphia Pennsylvania Stock Option Plan can be an attractive benefit for employees, as it allows them to align their financial interests with the company's performance. By offering a sense of ownership, this plan can also incentivize employees to contribute their best efforts towards the company's growth and profitability. The Philadelphia Pennsylvania Stock Option Plan of National Penn Ranchers, Inc. aims to reward and retain talented employees, encourage loyalty, and attract top professionals in the highly competitive financial industry. It serves as a valuable tool for employee retention and motivation, fostering a sense of ownership and commitment among participants. Overall, the Philadelphia Pennsylvania Stock Option Plan of National Penn Ranchers, Inc. offers eligible employees an opportunity to acquire ownership in the company, potentially benefiting financially as the company grows. The plan offers various types of stock options, such as Non-Qualified Stock Options (Nests) and Incentive Stock Options (SOS), each with its own unique features and tax advantages.