West Virginia 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: Exploring West Virginia Stock Option and Dividend Equivalent Plan: A Comprehensive Overview of UGI Corp. (With Exhibits) Introduction: The West Virginia Stock Option and Dividend Equivalent Plan offered by UGI Corp. is a financial benefit program designed for various stakeholders, including employees, investors, and executives. This detailed description will provide insight into the different types of plans under UGI Corp., highlighting key keywords relevant to the topic. Exhibit A: UGI Corp. Overview UGI Corp. is a leading diversified energy company headquartered in Pennsylvania. With a strong presence in West Virginia, UGI offers a range of stock option and dividend equivalent plans to reward and motivate its employees while attracting investment in the company. Exhibit B: Stock Options Plan UGI Corp.'s Stock Option Plan encompasses various types, including: 1. Employee Stock Options: Employee stock options are typically granted to eligible employees, presenting them with the opportunity to purchase UGI Corp.'s stock at a predetermined price within a specified timeframe. These options primarily align the interests of employees and the company, fostering a sense of ownership and commitment. 2. Executive Stock Options: Executive stock options are granted to top-level executives within the company. These options aim to incentivize and retain key talent by offering an additional financial benefit based on the company's performance and stock price. Exhibit C: Dividend Equivalent Plan UGI Corp. also provides Dividend Equivalent Plans, which offer shareholders and certain employees the opportunity to receive cash payments equivalent to the dividends paid on UGI Corp.'s common stock. These plans are designed to provide a financial return to investors and motivate employees by sharing the company's success. Exhibit D: Benefits and Advantages 1. Attraction and Retention: The West Virginia Stock Option and Dividend Equivalent Plan serve as powerful tools for attracting and retaining skilled employees and executives within UGI Corp. This incentivization aids in creating a motivated workforce dedicated to achieving the company's goals. 2. Aligning Interests: The stock options align the interests of employees and executives with the long-term success of UGI Corp., fostering a strong sense of shared ownership and commitment to driving the company's growth. 3. Employee Engagement: Participating in stock option and dividend equivalent plans can significantly enhance employee engagement, as it creates a sense of involvement, pride, and financial stake in the company's performance. 4. Wealth Creation: The plans provide an opportunity for employees and investors to accumulate wealth through the appreciation of UGI Corp.'s stock and the dividends received. This wealth creation aspect comes with the potential for financial security and long-term prosperity. Conclusion: UGI Corp.'s West Virginia Stock Option and Dividend Equivalent Plan showcases the company's commitment to rewarding and retaining its workforce, attracting investors, and fostering a culture of shared ownership and growth. By offering various types of stock options and dividend equivalent plans, UGI Corp. empowers its employees and stakeholders to directly benefit from the success of the company, driving motivation and alignment towards achieving common goals.