Utah 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: Understanding Utah Stock Option and Dividend Equivalent Plan by UGI Corp. Introduction: In this article, we will explore the Utah Stock Option and Dividend Equivalent Plan offered by UGI Corp., a leading diversified energy company. This detailed description aims to provide a comprehensive understanding of this plan, including its features, benefits, and possible variations. We will also include relevant exhibits to provide a visual representation of UGI Corp.'s offerings. Exhibit 1: UGI Corp. Logo (Image) Section 1: Utah Stock Option and Dividend Equivalent Plan Overview The Utah Stock Option and Dividend Equivalent Plan by UGI Corp. is a compensation strategy designed to attract and retain talented employees. This plan enables eligible individuals to receive stock options and dividend equivalents tied to the company's performance. It serves as an incentive to align employee goals with the company's growth and financial success. Exhibit 2: UGI Corp. Headquarters Building (Image) Section 2: Key Features and Benefits 2.1 Stock options: UGI Corp. offers stock options as a key component of the Utah Stock Option and Dividend Equivalent Plan. These options grant employees the right to purchase a specific number of company shares at a predetermined price within a defined time frame. By offering stock options, UGI Corp. provides employees with a financial stake in the company's performance and potential growth. 2.2 Dividend equivalents: In addition to stock options, UGI Corp. provides dividend equivalents to eligible participants in their Stock Option and Dividend Equivalent Plan. Dividend equivalents represent a cash or stock payment equal to the dividends that would be paid if the employee held shares of company stock. This feature ensures that participants can benefit from the company's success even before exercising their stock options. Exhibit 3: UGI Corp.'s Stock Options and Dividends (Chart) Section 3: Types of Utah Stock Option and Dividend Equivalent Plans UGI Corp. may offer various variations of the Utah Stock Option and Dividend Equivalent Plan, depending on factors such as employee level, job role, or tenure. Some potential plan types can include: 3.1 Executive Stock Option and Dividend Equivalent Plan: This plan is designed for senior-level executives and may include additional benefits and features tailored to their roles within the company. It aims to attract and retain top-tier talent, aligning their interests with those of UGI Corp. 3.2 Employee Stock Option and Dividend Equivalent Plan: This plan is open to all eligible employees based on specific criteria established by UGI Corp. It allows employees across different levels of the organization to benefit from stock options and dividend equivalents, promoting a sense of ownership and motivation. Exhibit 4: Example of Executive and Employee Stock Option and Dividend Equivalent Plans (Table) Conclusion: UGI Corp.'s Utah Stock Option and Dividend Equivalent Plan is a valuable compensation tool that enhances employee engagement and incentivizes long-term commitment. By providing stock options and dividend equivalents, UGI Corp. rewards employees for their contributions while aligning their individual goals with the company's success.