New Jersey 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 Jersey Stock Option and Dividend Equivalent Plan offered by UGI Corp. is a compensation program that allows eligible employees to receive stock options and dividend equivalents. This plan aims to incentivize employees, align their interests with shareholders, and reward them for their contribution to the company's growth. Under this plan, employees are granted the opportunity to purchase UGI Corp. stocks at a predetermined price, typically lower than the market price. These stock options give employees the right to buy a specific number of company shares within a specified period. The exercise price and number of options granted may vary based on employee performance, seniority, or other factors. The stock options provided by the New Jersey Stock Option and Dividend Equivalent Plan serve as an attractive benefit to employees, as they offer the potential for financial gain if the company's stock price increases. This can motivate employees to work towards the long-term success of the company, as their personal financial interests become directly tied to the performance of UGI Corp. In addition to stock options, the plan also includes dividend equivalents. The dividend equivalent feature allows employees to receive cash payments equivalent to the dividends paid on UGI Corp. stocks. This provides employees with even more financial benefits, as they can participate in the company's growth and profitability, even if they choose not to exercise their stock options. Exhibits of UGI Corp. related to the New Jersey Stock Option and Dividend Equivalent Plan may include: 1. Exhibit A: Overview of the plan, including eligibility criteria, grant date, vesting period, and exercise price. 2. Exhibit B: Sample stock option grant agreement, detailing the terms and conditions of the stock options granted to employees. 3. Exhibit C: Calculation methodology for determining dividend equivalents and the mechanism for distributing these payments. 4. Exhibit D: Frequently Asked Questions (FAQs) document that provides additional clarification on the plan, stock options, and dividend equivalents for employees. 5. Exhibit E: Financial impact and benefits analysis for the company, showcasing the expected outcomes and motivations behind implementing this compensation program. It's important to note that UGI Corp. may have different variations or types of the New Jersey Stock Option and Dividend Equivalent Plan based on employee groups, executive-level positions, or other distinctions. These variations could involve different terms, exercise prices, vesting periods, and eligibility criteria. However, the fundamental concept of providing stock options and dividend equivalents to incentivize and reward employees remains consistent across all types.