Alaska Stock Option Plan of WSFS Financial Corporation

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Multi-State
Control #:
US-CC-18-352B
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Word; 
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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 Alaska Stock Option Plan is a unique employee benefit program offered by WSFS Financial Corporation, a leading financial institution. This plan provides employees and executives with the opportunity to purchase company stocks at a predetermined price, known as the exercise price, within a specific timeframe. As an attractive employee incentive, the Alaska Stock Option Plan allows participants to benefit from the growth and success of WSFS Financial Corporation. By granting employees the ability to purchase stocks at a fixed price, the plan encourages loyalty, motivation, and a sense of ownership among the workforce. There are two primary types of Alaska Stock Option Plans offered by WSFS Financial Corporation: 1. Non-Qualified Stock Option Plan: This type of plan is designed for employees and provides the flexibility to grant stock options outside strict IRS guidelines. Participants in the Non-Qualified Stock Option Plan enjoy the advantage of having more control over exercising their options. The plan offers greater potential for financial gain as taxes are imposed only upon the sale of the stocks. 2. Incentive Stock Option Plan: This plan is specifically tailored for executives and key employees. The Incentive Stock Option Plan adheres to the guidelines set by the IRS and offers tax advantages. When employees exercise their stock options under this plan, they may qualify for special tax treatment, such as capital gains tax rates upon the sale of the stocks. Participants in both types of Alaska Stock Option Plans can benefit from the potential appreciation in WSFS Financial Corporation's stock value over time. The plans play a vital role in attracting and retaining talented individuals, aligning their interests with the long-term success and growth of the company. It's important to note that the specific terms and conditions of the Alaska Stock Option Plan may vary based on individual circumstances, employment agreements, and the company's overall performance. Employees interested in participating in the plan should refer to the official plan documents and consult with company representatives or financial advisors for more detailed information.

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WSFS common stock is traded on the NASDAQ stock exchange under the symbol WSFS.

Once you are ready to exercise your options, you typically have several ways of doing so: Cash payment: You can come up with the cash to exercise the options at the strike price. Cashless exercise: Some employers allow you to exercise your options by selling just enough of them to cover the costs of exercising others.

WSFS celebrated its 35th year of being a publicly traded company with Chairman, President and CEO Rodger Levenson, joined by members of the executive leadership team, Associates and friends of WSFS, ringing The Nasdaq Stock Market Opening Bell.

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How to fill out Stock Option Plan Of WSFS Financial Corporation? When it comes to drafting a legal document, it is better to leave it to the professionals. You may buy or sell WSFS Financial Corporation stock through our Dividend Reinvestment & Direct Stock Purchase Plan via American Stock Transfer or through the ...Buyer and Seller desire to set forth in this Agreement the terms and conditions governing the Contemplated Transactions. NOW THEREFORE, in consideration of the ... (NASDAQ:WSFS) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid ... The policy further provides that employees may confidentially vote their shares of Company stock held by employee savings plans and requires the appointment of ... You may mail your WSFS Financial Corporation stock certificates to the Plan. Administrator at any time for deposit to your Plan account. The shares will be ... WSFS Financial Corporation, 1994 Short Term Management Incentive Plan Summary Plan Description is incorporated herein by reference to Exhibit 10.7 of the ... Call and put options are quoted in a table called a chain sheet. The chain sheet shows the price, volume and open interest for each option strike price and ... Aug 7, 2013 — ... Corporation (“F.N.B.”) of all of the preferred stock that had been issued to Treasury by Parkvale Financial Corporation. (“Parkvale”) for a ...

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Alaska Stock Option Plan of WSFS Financial Corporation