Idaho 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

Idaho Stock Option and Dividend Equivalent Plan — UGI Corp. Idaho Stock Option and Dividend Equivalent Plan is a compensation program implemented by UGI Corp., a leading energy distribution and services company. This plan offers eligible employees the opportunity to acquire UGI's stock through stock options and dividend equivalents. 1. Idaho Stock Option Plan: The Idaho Stock Option Plan allows eligible employees to purchase UGI Corp.'s common stock at a predetermined price, known as the exercise price. This price is generally based on the fair market value of UGI stock on the date of the grant. The options granted to employees have a specific vesting schedule, which determines when the options can be exercised. By participating in this plan, employees have the potential to benefit financially from the company's growth and stock performance. Exhibit 1: Idaho Stock Option Plan — UGI Corp— - Overview of the plan structure and features — Explanation of the exercise price determination process — Vesting schedule detail— - Employee eligibility criteria — Tax implications and considerations 2. Idaho Dividend Equivalent Plan: The Idaho Dividend Equivalent Plan allows eligible employees to receive cash payments equivalent to dividends they would have received if they owned UGI Corp.'s common stock. This plan provides employees with a unique opportunity to participate in the financial success of the company, even if they do not own UGI stock directly. Exhibit 2: Idaho Dividend Equivalent Plan — UGI Corp— - Description of how dividend equivalents are calculated and distributed — Explanation of the eligibility criteria — Timing and frequency of dividend equivalent payments — Tax considerations related to dividend equivalents — Options for employees to reinvest the cash received Benefits of the Idaho Stock Option and Dividend Equivalent Plan: 1. Employee Ownership: The plan promotes employee ownership and aligns their interests with the company's success. 2. Retention and Motivation: By offering stock options and dividend equivalents, UGI Corp. aims to retain and motivate its talented workforce. 3. Financial Incentive: Employees can benefit from the potential appreciation of UGI stock, providing a financial incentive to contribute to the company's growth. 4. Additional Income: Dividend equivalents offer employees an additional income stream without the need for direct stock ownership. 5. Tax Advantages: The plan may provide tax advantages for both employees and the company. Exhibit 3: Testimonials from UGI Corp. employees — Statements from employees who have participated in the Idaho Stock Option and Dividend Equivalent Plan — Employee perspectives on the plan's impact on their financial well-being and motivation — Examples of success stories related to stock option exercises and dividend equivalent payments In summary, the Idaho Stock Option and Dividend Equivalent Plan offered by UGI Corp. provides employees with an opportunity to own UGI stock and receive cash payments equivalent to dividends. The plan encourages employee engagement, aligns their interests with company performance, and offers them financial benefits. Participation in the plan can contribute to the retention, motivation, and financial well-being of UGI Corp.'s valued workforce.