Wyoming 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 Wyoming Stock Option and Dividend Equivalent Plan Introduction: In this article, we will provide a detailed description of UGI Corp.'s Wyoming Stock Option and Dividend Equivalent Plan. We will explore the key features, benefits, and types of these plans offered by the company. Additionally, we will discuss the exhibits related to UGI Corp. for further understanding. So, let's dive in! 1. UGI Corp. Overview: Before delving into the specifics of the Wyoming Stock Option and Dividend Equivalent Plan, it's important to have a brief understanding of UGI Corp. UGI is a multinational energy distribution and services company headquartered in Pennsylvania, USA. It operates various subsidiaries and provides natural gas, propane, and electricity to over 9 million customers globally. 2. What is the Wyoming Stock Option and Dividend Equivalent Plan? The Wyoming Stock Option and Dividend Equivalent Plan is a compensation plan provided by UGI Corp. to its eligible employees. This plan grants them the opportunity to purchase company stock or receive dividend equivalents, thereby incentivizing employee retention, motivation, and engagement. 3. Key Features of UGI Corp.'s Wyoming Stock Option and Dividend Equivalent Plan: a) Stock Options: Under this plan, eligible employees are granted the option to purchase a specific number of UGI Corp.'s common stock at a predetermined price within a given timeframe. This allows employees to acquire ownership stakes in the company, aligning their interests with that of shareholders. b) Dividend Equivalents: In addition to stock options, UGI Corp. may also offer dividend equivalents to eligible plan participants. Dividend equivalents enable employees to receive cash or additional stock awards equivalent to the dividends paid by the company on its common stock. 4. Exhibits of UGI Corp.: To enhance our understanding of UGI Corp.'s Wyoming Stock Option and Dividend Equivalent Plan, let's refer to the following exhibits: Exhibit 1: UGI Corp. Stock Option Agreement Sample This exhibit provides a sample stock option agreement showcasing the terms and conditions, exercise price, vesting schedule, and expiration date associated with stock options granted to eligible employees. Exhibit 2: UGI Corp. Dividend Equivalent Plan Details This exhibit outlines the specifics of UGI Corp.'s dividend equivalent plan, including how the equivalents are calculated, the timing of the payouts, and any applicable conditions or restrictions. Exhibit 3: Employee Testimonials and Success Stories Real-life stories of UGI Corp. employees who have benefited from the Wyoming Stock Option and Dividend Equivalent Plan, highlighting its impact on their careers, financial growth, and loyalty to the company. Types of Wyoming Stock Option and Dividend Equivalent Plans offered by UGI Corp.: 1. Restricted Stock Units (RSS): These plans enable eligible employees to receive shares of UGI Corp.'s common stock as compensation, subject to certain restrictions and vesting schedules. 2. Performance-Based Stock Options: UGI Corp. may offer stock options based on predefined performance criteria, such as achieving specific financial targets or exceeding market benchmarks. This incentivizes employees to contribute directly to the company's growth and success. Conclusion: UGI Corp.'s Wyoming Stock Option and Dividend Equivalent Plan provides valuable opportunities for its employees to be part of the company's success. By offering stock options and dividend equivalents, UGI Corp. fosters employee loyalty, motivation, and alignment with shareholders' interests. Whether it is through stock option agreements, dividend equivalents, or other types of plans, UGI Corp. strives to reward and engage its employees, promoting a mutually beneficial relationship.