Nebraska 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

Title: Overview of Nebraska Stock Option and Dividend Equivalent Plan: UGI Corp. Introduction: The Nebraska Stock Option and Dividend Equivalent Plan offered by UGI Corp. provide employees with valuable incentives to enhance their commitment and reward them for their contributions. This detailed description examines the features and benefits of UGI Corp.'s unique Nebraska Stock Option and Dividend Equivalent Plan. Key Keywords: Nebraska Stock Option, Dividend Equivalent Plan, UGI Corp., incentives, commitment, rewards. 1. Nebraska Stock Option Plan: The Nebraska Stock Option Plan offered by UGI Corp. is designed to encourage employees to participate in the company's success by granting them the right to purchase company shares at a predetermined price within a specified period. This plan allows employees to become shareholders, aligning their interests with UGI Corp.'s long-term success. Exhibit 1: Nebraska Stock Option Plan Flowchart — [Insert flowchart showcasing the process of Nebraska Stock Option Plan, including grant issuance, exercise period, share purchase, and other related steps] 2. Dividend Equivalent Plan: UGI Corp.'s Dividend Equivalent Plan is an additional component of the overall compensation package, providing employees with a way to benefit from the dividends paid on company shares. This plan awards employees with hypothetical units that mirror the value of actual dividends, which can be paid out in cash or additional company shares. Exhibit 2: Dividend Equivalent Plan Timeline — [Include a timeline demonstrating the Dividend Equivalent Plan's key milestones like eligibility period, dividend accrual, payment options, and any restrictions] 3. Types of Nebraska Stock Option and Dividend Equivalent Plans: a) Performance-Based Stock Option Plan: UGI Corp. offers a performance-based version of the Nebraska Stock Option Plan to reward employees based on specific performance criteria, such as meeting sales targets or achieving operational milestones. Exhibit 3: Performance-Based Stock Option Plan Targets — [Present a table illustrating the specific performance metrics, associated target levels, and corresponding stock option grants] b) Restricted Stock Option Plan: In addition to traditional stock options, UGI Corp. also employs a Restricted Stock Option Plan that grants employees with company stock, subject to certain restrictions. These restrictions might include a vesting period or performance-based milestones. Exhibit 4: Restricted Stock Option Plan Vesting Schedule — [Include an exhibit outlining the vesting schedule with time-based or performance-based criteria] c) Stock Appreciation Rights (SARS) Plan: UGI Corp.'s Stock Appreciation Rights (SARS) Plan is an alternative to stock options. It entitles employees to receive a payout equal to the appreciation in the company's stock value over a pre-determined period, without requiring them to purchase the shares outright. Exhibit 5: Stock Appreciation Rights (SARS) Payout Structure — [Present a simulated scenario exemplifying the payout percentage based on the stock's appreciation during a specific time period] Conclusion: The Nebraska Stock Option and Dividend Equivalent Plans offered by UGI Corp. provide employees with attractive incentives to contribute to the company's growth and success. Employees can participate in various types of plans, including performance-based options, restricted stock, and SARS, allowing them to align their goals with UGI Corp.'s long-term strategy. Note: This content is created based on information provided and assumes the existence of Nebraska Stock Option and Dividend Equivalent Plans within UGI Corp. The actual plans and exhibits may vary.