Mississippi 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

Mississippi Stock Option and Dividend Equivalent Plan (SOP and DE Plan) is a compensation program offered by UGI Corp., a leading energy distribution and services company. This plan allows eligible employees to obtain stock options and dividend equivalents based on their performance and time spent with the company. Here is a detailed description of the Mississippi Stock Option and Dividend Equivalent Plan, along with exhibits from the UGI Corp. — Exhibit 1: Overview of the Mississippi Stock Option and Dividend Equivalent Plan: The SOP and DE Plan is designed to attract, motivate, and retain top talent by providing them with an opportunity to participate in the company's success and share in its growth. This plan aligns the interests of the employees with those of the company's shareholders. — Exhibit 2: Eligibility and Participation: The plan is available to eligible employees of UGI Corp. Eligibility criteria may include job position, level, and performance metrics. The plan's details clarify the eligibility requirements, empowering employees to understand their own standing and potential for participation. — Exhibit 3: Stock Options: UndetroopOP and DE Plan, eligible employees are granted stock options, allowing them to purchase UGI Corp.'s common stock at a predetermined price, known as the exercise price. These options may have a vesting period, during which employees must wait before exercising their right to purchase the stock. — Exhibit 4: Dividend Equivalents: In addition to stock options, the plan also offers dividend equivalents to eligible employees. Dividend equivalents represent a cash or stock payment that mirrors the dividends paid to UGI Corp.'s common stock shareholders. This allows employees to benefit from the company's dividend payments without actually owning the stock. — Exhibit 5: Vesting and Exercise Periods: The details of the SOP and DE Plan outline the vesting and exercise periods for stock options, providing employees with clarity on when they can exercise their options or receive dividend equivalents. This information helps employees plan their financial strategies and maximize their benefits within the given timeframes. — Exhibit 6: Plan Administration and Governance: This exhibit highlights the roles and responsibilities of various parties involved in the administration and governance of the SOP and DE Plan. It may include references to committees overseeing the plan, such as the Compensation Committee, and any specific rules and regulations that govern the plan. — Exhibit 7: Different TypeisopodOP and DE Plans: UGI Corp. may offer various types of Mississippi Stock Option and Dividend Equivalent Plans to accommodate the diverse needs of its employees. These may include different eligibility criteria, vesting schedules, stock option pricing mechanisms, or dividend equivalent structures. Providing clarity on the options available to employees enhances their understanding and participation. Overall, the Mississippi Stock Option and Dividend Equivalent Plan of UGI Corp. represents an attractive incentive compensation program that aligns employee interests with company performance. By offering stock options and dividend equivalents, UGI Corp. aims to motivate and reward its employees while fostering long-term loyalty and commitment to the company's success.