Missouri 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

Keywords: Missouri Stock Option and Dividend Equivalent Plan, UGI Corp., types, exhibits Description: The Missouri Stock Option and Dividend Equivalent Plan (MSO DEP) is a comprehensive program offered by UGI Corp., a leading global distributor and marketer of energy products. This plan is designed to incentivize and reward employees by providing them with stock options and dividend equivalents. Through MSO DEP, employees can benefit from the company's success and share in its growth. The UGI Corp. exhibits related to the Missouri Stock Option and Dividend Equivalent Plan provide a detailed insight into the features and benefits of this program. These exhibits demonstrate the company's commitment to rewarding its employees for their dedication and contributions. 1. Stock Option Plan Exhibit: The Stock Option Plan offered under MSO DEP allows eligible employees to purchase company stock at a predetermined price, typically lower than the current market value. This plan provides employees with an opportunity to participate in the company's financial success by benefiting from the capital appreciation of UGI Corp.'s stock. 2. Dividend Equivalent Plan Exhibit: The Dividend Equivalent Plan, encompassed within MSO DEP, allows eligible employees to receive dividend equivalents based on the company's dividend payments. These equivalents are credited to an employee's account and can be converted into additional company stock or paid out in cash. This feature ensures that employees participate in the company's dividends, further aligning their interests with the overall success of UGI Corp. 3. Vesting Schedule Exhibit: The UGI Corp. exhibits also illustrate the vesting schedule associated with MSO DEP. Vesting refers to the process through which employees gain ownership rights on their stock options or dividend equivalents. The exhibits elucidate the specific timeframes and conditions that employees must fulfill to fully exercise their rights or benefits under the plan. 4. Performance Metrics Exhibit: In some versions of the Missouri Stock Option and Dividend Equivalent Plan, UGI Corp. may incorporate performance metrics. These metrics define specific goals and targets that employees need to achieve to unlock additional stock options or dividend equivalents. Such metrics may be based on individual or company-wide performance, fostering a performance-driven culture within the organization. Through the Missouri Stock Option and Dividend Equivalent Plan, UGI Corp. aims to attract, retain, and motivate talented employees, aligning their interests with the long-term success of the company. The plan's exhibits provide comprehensive details on the different types and specific features of MSO DEP, enabling employees and stakeholders to gain a deep understanding of this rewarding program.