Montana 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

Montana Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp., a leading global distributor and marketer of energy products and services. This plan provides eligible employees with the opportunity to acquire UGI Corp.'s common stock options and receive dividend equivalents. The Montana Stock Option and Dividend Equivalent Plan aims to align the interests of UGI Corp.'s employees with the long-term success and performance of the company. It offers employees the ability to participate in the growth of UGI Corp.'s stock value and enjoy the benefits of regular cash dividends. Key Features of Montana Stock Option and Dividend Equivalent Plan: 1. Stock Options: Eligible employees are granted stock options, which provide the right to purchase a specified number of shares of UGI Corp.'s common stock at a predetermined price, known as the exercise price. These options typically have a vesting period and are exercisable for a specific period of time. Employees can benefit from stock price appreciation if it exceeds the exercise price upon exercising the options. 2. Dividend Equivalents: In addition to stock options, employees participating in the Montana Stock Option and Dividend Equivalent Plan may receive dividend equivalents. Dividend equivalents represent the cash value of dividends that would be paid if the underlying stock had been owned by the employee. These equivalents are typically credited to the employee's account and are subject to vesting conditions. Types of Montana Stock Option and Dividend Equivalent Plan Exhibits of UGI Corp.: 1. Exhibit A: Terms and Conditions — This exhibit provides a detailed outline of the eligibility criteria, grant process, exercise period, vesting schedule, and other relevant terms and conditions related to stock options and dividend equivalents. 2. Exhibit B: Stock Option Agreement — This exhibit contains the agreement between UGI Corp. and the eligible employee, outlining the specifics of the stock options being granted, including the number of shares, exercise price, vesting schedule, and other related details. 3. Exhibit C: Dividend Equivalent Agreement — This exhibit specifies the terms and conditions related to the dividend equivalents, including the calculation methodology, vesting schedule, and payment process. 4. Exhibit D: Plan Administration — This exhibit provides information on the administration of the Montana Stock Option and Dividend Equivalent Plan, including the roles and responsibilities of the plan administrator, procedures for exercising options, handling dividend equivalents, and addressing any participant-related inquiries. UGI Corp. recognizes the importance of attracting and retaining talented employees and believes that the Montana Stock Option and Dividend Equivalent Plan serves as an effective incentive for employee engagement and participation in the company's long-term success.