South Dakota 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 South Dakota Stock Option and Dividend Equivalent Plan is a financial offering provided by UGI Corp., a leading global energy company. This unique plan allows UGI Corp. employees to participate in the company's growth and success by granting them stock options and dividend equivalents. The Stock Option component of the plan grants employees the right to purchase a specified number of UGI Corp. shares at a predetermined price, known as the exercise price. These options typically have a specific vesting period, after which the employee can exercise their options by purchasing the shares. By owning these shares, employees have the potential to benefit from any increase in UGI Corp.'s stock price. On the other hand, the Dividend Equivalent component of the plan provides employees with the opportunity to receive dividends equivalent to those paid to UGI Corp. shareholders. Dividend equivalents are typically paid in cash and are based on the number of shares considered in the plan. Employees who participate in this aspect of the plan can enjoy the benefits of UGI Corp.'s dividend payments without actually owning the underlying shares. This comprehensive plan aims to align the interests of UGI Corp. employees with those of shareholders, promoting a sense of ownership and dedication to the company's long-term success. It incentivizes employees to contribute to UGI Corp.'s growth and stability, as any company performance improvements directly impact their stock options and dividend equivalents. Exhibits of UGI Corp. pertaining to the South Dakota Stock Option and Dividend Equivalent Plan may include documentation such as: 1. Stock Option Grant Agreement: This agreement outlines the terms and specifics of the stock option grant, including the number of options granted, the exercise price, and the vesting schedule. 2. Dividend Equivalent Agreement: This agreement details the terms and conditions under which employees are eligible to receive dividend equivalents, including the calculation method and payment schedule. 3. Employee Communication Materials: UGI Corp. may provide various materials, such as brochures or presentations, explaining the features and benefits of the Stock Option and Dividend Equivalent Plan to employees. 4. Financial Statements: Exhibits may also include financial statements that illustrate the impact of the plan on UGI Corp.'s financials, reflecting any stock option exercises or dividend equivalent payments made. Different types of Stock Option and Dividend Equivalent Plans offered by UGI Corp. in South Dakota may include variations in terms and conditions, such as different vesting schedules, exercise prices, or eligibility criteria. The specifics of these plans may vary depending on factors like an employee's position, seniority, or performance. It is important to refer to UGI Corp.'s official documentation or reach out to their human resources department for detailed information on the specific plans available.