Kansas 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

The Kansas Stock Option and Dividend Equivalent Plan is a type of employee stock ownership plan (ESOP) offered by UGI Corporation, a prominent energy distribution and services company based in Kansas. This plan is aimed at incentivizing employees by providing them with the opportunity to purchase company stock and receive dividends equivalent to those received by shareholders. The UGI Corp. Kansas Stock Option and Dividend Equivalent Plan offer various types of stocks and dividend structures to its employees. The specific types of plans include: 1. Employee Stock Purchase Plan (ESPN): Under this plan, eligible employees can contribute a certain percentage of their salary to purchase UGI Corp. stock at a discounted price. This empowers employees to become partial owners of the company and potentially benefit from future stock price appreciation. 2. Stock Option Plan: The stock option plan enables eligible employees to receive options to purchase UGI Corp. stock at a predetermined price, known as the exercise price. These options can be exercised at a future date, providing employees with the potential for financial gain if UGI Corp. share price rises above the exercise price. 3. Dividend Equivalent Plan: The dividend equivalent plan allows eligible employees to receive dividend equivalents based on the number of RSS (Restricted Stock Units) held. Dividend equivalents are cash payments or additional RSS that match the value of dividends paid to shareholders. This allows employees to enjoy the benefits of dividend payments, even though they do not directly own the shares. Exhibits related to the Kansas Stock Option and Dividend Equivalent Plan found in UGI Corp.'s documentation may include: Exhibit A: A comprehensive overview of the Kansas Stock Option and Dividend Equivalent Plan, providing details such as eligibility criteria, enrollment procedures, vesting schedules, and other terms and conditions. Exhibit B: Stock Option Agreement templates, illustrating the terms and conditions of stock option grants, including vesting period, exercise price, exercise period, and any restrictions or limitations. Exhibit C: Dividend Equivalent Plan description and examples, explaining how employees can benefit from dividends and providing illustrative calculations based on different scenarios. Exhibit D: Employee communications and educational materials related to the Kansas Stock Option and Dividend Equivalent Plan, facilitating employee understanding and encouraging participation. Keywords: UGI Corp., Kansas Stock Option and Dividend Equivalent Plan, ESOP, employee stock ownership plan, employee stock purchase plan, ESPN, stock option plan, dividend equivalent plan, RSS, restricted stock units, exhibit, employee communications, vesting period, exercise price, exercise period, eligibility criteria, enrollment procedures.