Santa Clara California Stock Option Plan of National Penn Bancshares, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• Control #: US-CC-18-405D
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. The Santa Clara California Stock Option Plan is a beneficial employee compensation program operated by National Penn Ranchers, Inc. This program is designed to incentivize and reward employees within the Santa Clara, California region. With a focus on attracting and retaining talented individuals, the Santa Clara California Stock Option Plan allows employees to purchase company stock at a predetermined price within a specified time frame. The Santa Clara California Stock Option Plan of National Penn Ranchers, Inc. offers several types of stock options to eligible employees. These options include: 1. Incentive Stock Options (SOS): SOS are specifically designed for key employees and often come with preferential tax treatment. These options provide the right to purchase company stock at a predetermined price, known as the exercise price, and can only be exercised after a specific vesting period. 2. Non-Qualified Stock Options (Nests): Nests are more flexible than SOS, as they can be granted to both key employees and non-executives. Unlike SOS, Nests do not receive preferential tax treatment and can be exercised at any time during a specified period, typically after a vesting period. 3. Performance Stock Options: These options are granted based on achieving certain performance criteria. They serve as additional incentives for employees to contribute to the overall success and growth of National Penn Ranchers, Inc. Performance Stock Options often have specific targets or goals that must be met within a set timeframe. 4. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock at a future date. The value of RSS is usually tied to the performance of National Penn Ranchers, Inc. RSS may have vesting requirements, where the shares are granted to the employee over a specific period. Once vested, employees receive the actual shares or equivalent cash value. The Santa Clara California Stock Option Plan of National Penn Ranchers, Inc. aims to provide employees with a sense of ownership and alignment with the company's performance. It serves as a valuable tool to attract, motivate, and retain talented individuals by offering them the opportunity to share in the company's success through the purchase or acquisition of company stock.

The Santa Clara California Stock Option Plan is a beneficial employee compensation program operated by National Penn Ranchers, Inc. This program is designed to incentivize and reward employees within the Santa Clara, California region. With a focus on attracting and retaining talented individuals, the Santa Clara California Stock Option Plan allows employees to purchase company stock at a predetermined price within a specified time frame. The Santa Clara California Stock Option Plan of National Penn Ranchers, Inc. offers several types of stock options to eligible employees. These options include: 1. Incentive Stock Options (SOS): SOS are specifically designed for key employees and often come with preferential tax treatment. These options provide the right to purchase company stock at a predetermined price, known as the exercise price, and can only be exercised after a specific vesting period. 2. Non-Qualified Stock Options (Nests): Nests are more flexible than SOS, as they can be granted to both key employees and non-executives. Unlike SOS, Nests do not receive preferential tax treatment and can be exercised at any time during a specified period, typically after a vesting period. 3. Performance Stock Options: These options are granted based on achieving certain performance criteria. They serve as additional incentives for employees to contribute to the overall success and growth of National Penn Ranchers, Inc. Performance Stock Options often have specific targets or goals that must be met within a set timeframe. 4. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock at a future date. The value of RSS is usually tied to the performance of National Penn Ranchers, Inc. RSS may have vesting requirements, where the shares are granted to the employee over a specific period. Once vested, employees receive the actual shares or equivalent cash value. The Santa Clara California Stock Option Plan of National Penn Ranchers, Inc. aims to provide employees with a sense of ownership and alignment with the company's performance. It serves as a valuable tool to attract, motivate, and retain talented individuals by offering them the opportunity to share in the company's success through the purchase or acquisition of company stock.