California 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

California Stock Option and Dividend Equivalent Plan is an employee benefit program offered by UGI Corp., a leading energy distribution and services company. This plan allows eligible employees to purchase company stocks at a predetermined price and receive dividends equivalent to the number of shares owned. This detailed description will explore the different types of California Stock Option and Dividend Equivalent Plan at UGI Corp., providing relevant exhibits and emphasizing important keywords. Exhibit A: California Stock Option Plan The California Stock Option Plan, offered by UGI Corp., aims to incentivize and reward employees for their contribution to the company's growth. This plan allows eligible employees to purchase company stocks at a discounted price, called the "grant price," which is usually lower than the current market value. Employees can exercise their stock options after a specified vesting period and for a predetermined number of shares. The plan typically outlines the terms and conditions, including the exercise period, expiry date, and any restrictions on selling or transferring the acquired stocks. This exhibit showcases the key features and benefits of the California Stock Option Plan at UGI Corp. Exhibit B: Dividend Equivalent Plan (DEP) UGI Corp. also offers a Dividend Equivalent Plan as a part of its employee benefit package. This plan allows eligible employees who participate in the California Stock Option Plan to receive dividends equivalent to the number of shares owned. When UGI Corp. declares dividends for its shareholders, participants in the Dividend Equivalent Plan will receive a cash payment or additional stock options corresponding to the declared dividend. This exhibit highlights the additional benefits and rewards of participating in the Dividend Equivalent Plan, emphasizing its integration with the California Stock Option Plan. Exhibit C: Different Types of California Stock Option and Dividend Equivalent Plans 1. Standard Stock Option and Dividend Equivalent Plan: This is the basic version of the employee benefit program. Eligible employees can purchase company stocks at a discounted price through the stock option plan and receive dividends equivalent to their share ownership through the Dividend Equivalent Plan. 2. Executive Stock Option and Dividend Equivalent Plan: Tailored for top-level executives, this version of the plan offers more significant benefits and flexibility. Executives may receive a higher number of stock options and enhanced dividend equivalents, aligning with their higher roles and responsibilities within the company. 3. Performance-based Stock Option and Dividend Equivalent Plan: This plan is designed to reward employees based on their individual or team performance metrics. Eligible employees accrue stock options and dividend equivalents based on specific performance targets, ensuring a direct correlation between performance and the benefits received through the plan. Keywords: California Stock Option Plan, Dividend Equivalent Plan, UGI Corp., employee benefit program, stock options, grant price, vesting period, exercise period, expiry date, restrictions, Dividend Equivalent Plan (DEP), dividends, cash payment, additional stock options, shareholders, Standard Stock Option and Dividend Equivalent Plan, Executive Stock Option and Dividend Equivalent Plan, Performance-based Stock Option and Dividend Equivalent Plan.