Alaska Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-305
• Format: Word; Rich Text

Description

18-305 18-305 . . . Stock Option and Dividend Equivalent Plan which provides for issuance of Non-qualified Stock Options and Dividend Equivalents. From date of grant of option until earlier of (a) end of period selected by Committee over which total return realizable by stockholder of corporation on a share of stock is compared to that realizable by stockholders of companies in a Comparison Group ("Performance Period") or (b) date of participant's disability, death or termination of employment, corporation shall keep records for such participant ("Account") and shall credit Account with an amount equal to Dividend Equivalent associated with such option. Committee will determine measurable criteria pursuant to which total return realizable by stockholder on share of stock over applicable Performance Period can be compared to that realizable over same Performance Period by stockholders of Comparison Group. Extent to which participant receives payment of Dividend Equivalents will be determined by comparing such total return realizable by stockholder of the corporation to that realizable by stockholders of Comparison Group

Alaska Stock Option and Dividend Equivalent Plan offered by UGI Corp. UGI Corp., a leading global energy distribution and services company, provides an attractive compensation package to its employees, including the Alaska Stock Option and Dividend Equivalent Plan. This comprehensive plan offers a unique opportunity for employees to share in the company's growth and success. Let's delve into the details of this plan while examining relevant exhibits associated with UGI Corp. Exhibit 1: UGI Corp.'s Alaska Stock Option Plan The Alaska Stock Option Plan is designed to motivate and retain talented employees by granting them the right to purchase UGI Corp.'s common stock at a predetermined price, commonly known as the exercise price, within a specific time frame. This plan not only encourages employees to contribute towards the company's long-term success but also enables them to potentially benefit from any increase in UGI Corp.'s stock value. Exhibit 2: UGI Corp.'s Dividend Equivalent Plan Complementing the Stock Option Plan, UGI Corp.'s Dividend Equivalent Plan allows eligible employees to receive cash payments equivalent to the dividends they would have received if they had owned the stock underlying their awarded stock options during a set period. This plan offers an additional income stream to participating employees, further aligning their interests with the company's performance. Exhibit 3: Types of Alaska Stock Option Plans within UGI Corp. UGI Corp. offers various types of stock option plans within its Alaska program to cater to different employee groups and levels of seniority. Some notable stock option plans include: 1. Executive Stock Option Plan: This plan is specifically designed for top-level executives within UGI Corp., providing them with generous stock option grants and favorable exercise terms. It aims to incentivize executive performance and promote long-term commitment towards the company's objectives. 2. Employee Stock Option Plan: UGI Corp. extends this plan to a broader group of employees, enabling them to purchase company stock at discounted rates. It ensures a sense of ownership among employees and encourages them to contribute to UGI Corp.'s ongoing growth and profitability. 3. Performance-based Stock Option Plan: Under this type of plan, UGI Corp. establishes performance targets that, when achieved, grant employees the right to exercise their stock options. It incentivizes exceptional performance and aligns employee rewards with the company's strategic goals. Exhibit 4: Benefits and Advantages of the Alaska Stock Option and Dividend Equivalent Plan The Alaska Stock Option and Dividend Equivalent Plan offered by UGI Corp. provide several noteworthy advantages for participating employees, including: 1. Potential for Wealth Accumulation: By purchasing company stock at a predetermined price, employees can benefit from any increase in the stock's value over time, potentially leading to substantial wealth accumulation. 2. Alignment of Interests: The plan aligns employees' interests with the company's performance and long-term objectives, fostering a sense of shared success and commitment. 3. Enhanced Employee Retention: Stock option and dividend plans often serve as powerful retention tools, incentivizing employees to remain with the company over the long term. 4. Additional Income Stream: The dividend equivalent plan provides employees with extra cash payments, even before exercising their stock options, further enhancing their overall compensation package. In summary, UGI Corp.'s Alaska Stock Option and Dividend Equivalent Plan is a comprehensive and enticing program designed to reward, motivate, and retain the company's highly skilled workforce. Customized to accommodate different employee groups and levels, this plan offers participants an opportunity to share in UGI Corp.'s growth and success, ultimately elevating the collective performance of the company and its employees.