Wisconsin 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 Wisconsin Stock Option and Dividend Equivalent Plan is a compensation plan implemented by UGI Corporation, a leading global energy distribution and services company. This plan is designed to provide additional incentives and rewards to employees and directors by granting them stock options and dividend equivalent rights. The Wisconsin Stock Option and Dividend Equivalent Plan allows eligible participants to purchase UGI Corporation's common stock at a predetermined price, known as the exercise price. These stock options usually have a specific term and vesting schedule, which means that participants must fulfill certain conditions, such as remaining employed for a specified period, to exercise their options. The exercise price of the stock options is typically based on the fair market value of UGI Corporation's common stock on the date of grant. Participants are granted the opportunity to benefit from any potential increase in UGI Corporation's stock price, as they can purchase the stock at a lower exercise price and potentially sell it at a higher market price. Additionally, the plan provides dividend equivalent rights to participants, allowing them to receive cash payments that are equivalent to the dividends that would have been paid on the underlying shares of UGI Corporation's common stock. These payments are usually made in connection with the vesting or exercise of stock options. Exhibits of UGI Corp. in relation to the Wisconsin Stock Option and Dividend Equivalent Plan may include documents such as: 1. Plan Summary: This document provides a comprehensive overview of the plan, including its objectives, eligibility criteria, and details about the stock options and dividend equivalent rights granted. 2. Grant Agreement: This exhibit outlines the specific terms and conditions of the stock options granted to participants, including the number of options, exercise price, vesting schedule, and any performance or service requirements. 3. Dividend Equivalent Agreement: This exhibit explains the conditions and procedures for participants to receive cash payments equivalent to the dividends payable on UGI Corporation's common stock. It outlines the calculation methodology and provides examples for better understanding. 4. Financial Statements: UGI Corporation's financial statements, included as an exhibit, may highlight the impact of the Wisconsin Stock Option and Dividend Equivalent Plan on the company's financial performance, including factors such as stock-based compensation expenses. 5. Proxy Statement: If applicable, this exhibit may include a proxy statement provided to UGI Corporation's shareholders, which discloses details about the plan, its purpose, and any proposed amendments or changes. It is worth noting that the UGI Corporation may have different variations or types of the Wisconsin Stock Option and Dividend Equivalent Plan customized for different groups of employees or directors, such as executive officers, non-executive employees, or independent directors. The exhibits associated with each type of plan may have distinct specifications, reflecting the unique terms and conditions applicable to those specific groups.