New Hampshire 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 New Hampshire Stock Option and Dividend Equivalent Plan offered by UGI Corp. is a compensation program designed to incentivize and reward employees through stock options and dividend equivalent rights. This plan allows eligible employees to purchase UGI Corp. stock at a predetermined price, known as the exercise price, within a specified period. Moreover, it offers participants the opportunity to receive cash payments equivalent to the dividends paid by UGI Corp. on its common stock. By participating in this plan, employees can align their interests with UGI Corp.'s financial performance and take advantage of potential stock price appreciation. Stock options provide employees with the right to purchase UGI Corp. shares, while dividend equivalent rights offer employees a cash payment equal to the dividends declared on the company's common stock. There are two main types of New Hampshire Stock Option and Dividend Equivalent Plan exhibits related to UGI Corp.: 1. Stock Option Exhibit: This exhibit outlines the terms and conditions of the stock options granted to eligible employees. It includes details such as the exercise price, vesting period, expiration date, and the number of shares available for purchase. The exhibit may also highlight any restrictions or limitations related to the exercise of stock options. 2. Dividend Equivalent Exhibit: This exhibit provides information regarding the dividend equivalent rights granted to participants. It specifies how the cash payments equivalent to the dividends declared on UGI Corp. common stock are calculated and paid out. The exhibit may also elaborate on any conditions or requirements for employees to receive dividend equivalent payments. Both exhibits are crucial for understanding the specific terms and provisions of UGI Corp.'s New Hampshire Stock Option and Dividend Equivalent Plan. They offer transparency and clarity to employees considering participation in the plan and help ensure that all rights and obligations are properly communicated. Keywords: New Hampshire Stock Option and Dividend Equivalent Plan, UGI Corp., compensation program, stock options, dividend equivalent rights, employee incentives, exercise price, vesting period, expiration date, share purchase, cash payments, common stock, exhibit, terms and conditions, restrictions, limitations, dividend equivalent rights, cash dividends, transparency.