Virgin Islands 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 UGI Corp.'s Virgin Islands Stock Option and Dividend Equivalent Plan Introduction: UGI Corp., a leading global energy distribution company, offers its employees the opportunity to participate in the Virgin Islands Stock Option and Dividend Equivalent Plan. This innovative compensation program allows eligible employees to acquire company stock options and receive dividend equivalents. In this article, we will explore the details of UGI Corp.'s Virgin Islands Stock Option and Dividend Equivalent Plan along with relevant exhibits. 1. Virgin Islands Stock Option Plan: UGI Corp.'s Virgin Islands Stock Option Plan provides eligible employees with the right to purchase a specific number of shares at a predetermined price within a defined period. This plan aims to align the employees' interests with those of the company and boost long-term performance. The plan enables employees to benefit from the potential appreciation of UGI Corp.'s stock value. Exhibit 1: Sample Virgin Islands Stock Option Grant Agreement — This exhibit demonstrates a hypothetical stock option grant agreement, highlighting the key terms and conditions, including exercise price, vesting period, and expiration date. 2. Virgin Islands Dividend Equivalent Plan: UGI Corp.'s Virgin Islands Dividend Equivalent Plan allows eligible employees to receive cash or additional stock-based compensation equal to the dividends that would be paid if they held vested stock options during the dividend payment period. This plan ensures that the employees can enjoy the economic benefits associated with stock ownership, even if the options have not been exercised. Exhibit 2: Virgin Islands Dividend Equivalent Calculation — This exhibit illustrates the calculation methodology for determining the dividend equivalent payments based on a hypothetical scenario, including the dividend rate, number of shares, and relevant adjustments. 3. Different Types of the Virgin Islands Stock Option and Dividend Equivalent Plan: UGI Corp. offers various types of the Virgin Islands Stock Option and Dividend Equivalent Plan based on the job level, tenure, and performance of the employee. These may include: a) Executive Stock Option and Dividend Equivalent Plan: Catered to top-level executives, this plan grants higher stock options and dividend equivalents, motivating leadership to drive the company's growth and profitability. b) Long-Term Incentive Stock Option and Dividend Equivalent Plan: Aimed at rewarding long-term employees, this plan provides additional stock options and dividend equivalents to incentivize loyalty and commitment. c) Performance-Based Stock Option and Dividend Equivalent Plan: This plan rewards employees based on specific performance metrics, such as revenue growth or cost reduction, encouraging a culture of excellence and achievement. Exhibit 3: Sample Virgin Islands Stock Option and Dividend Equivalent Plan Hierarchy — This exhibit showcases the hierarchy of UGI Corp.'s various stock option and dividend equivalent plans, outlining the eligibility criteria and related benefits for each group. Conclusion: UGI Corp.'s Virgin Islands Stock Option and Dividend Equivalent Plan offers a valuable opportunity for eligible employees to acquire company stock options and receive dividend equivalents. This plan fosters employee engagement, aligns their interests with organizational goals, and rewards loyalty and exceptional performance. By leveraging this comprehensive compensation program, UGI Corp. aims to attract and retain top talent, ensuring a prosperous future for both the company and its employees.