Hawaii 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

Hawaii Stock Option and Dividend Equivalent Plan is a special program offered by UGI Corp., a leading energy distribution company, that provides its employees with the opportunity to participate in the company's growth and success. This plan grants employees the right to purchase UGI Corp.'s stocks at a predetermined price or receive dividend equivalent payments. The Hawaii Stock Option and Dividend Equivalent Plan offers various types of options and equivalents to suit the diverse needs of UGI Corp. employees: 1. Stock Options: UGI Corp. grants employees the option to purchase a predetermined number of company shares at a specified price, known as the exercise price. These stock options typically have a predefined expiration date, after which they can no longer be exercised. By providing employees with stock options, UGI Corp. aims to align their interests with the company's performance and incentivize long-term commitment. 2. Dividend Equivalent Payments: Apart from stock options, UGI Corp. also provides employees with dividend equivalent payments. This means that even if employees do not directly own UGI Corp. stocks, they can still receive cash payments equivalent to the dividends paid to shareholders. Dividend equivalents can be a valuable incentive for employees, enabling them to benefit from the company's financial prosperity. UGI Corp. exhibits the Hawaii Stock Option and Dividend Equivalent Plan as a means to attract and retain talented individuals within its workforce. By offering employees the opportunity to purchase company stocks at a discounted price or receive dividend equivalent payments, UGI Corp. aims to create a sense of ownership among its employees and align their interests with those of the company. This program not only encourages loyalty but also promotes motivation and productivity within the organization. Exhibit A: Example of Stock Options under Hawaii Stock Option and Dividend Equivalent Plan — Employee Name: JohSmithit— - Number of Stock Options granted: 500 — Exercise Price: $5Peshawarar— - Expiration Date: December 31, 2025 Exhibit B: Example of Dividend Equivalent Payments under Hawaii Stock Option and Dividend Equivalent Plan — Employee Name: Jane Do— - Dividend Equivalent Rate: 5% of the stock's value — Total Dividend Equivalent Payment Received: $2,500 (based on the value of 500 UGI Corp. stocks) The Hawaii Stock Option and Dividend Equivalent Plan empower UGI Corp. employees to share in the company's success and align their interests with long-term growth. This program not only encourages employees to contribute to the company's development but also offers them a chance to accumulate personal wealth through stock ownership and dividend equivalents.