Florida 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 Florida Stock Option and Dividend Equivalent Plan with Exhibits of UGI Corp. Introduction: Florida Stock Option and Dividend Equivalent Plan is a benefit plan offered by UGI Corporation, a leading global energy distribution and services company. This plan aims to provide eligible employees with stock options and dividend equivalents to reward their contribution to the company's growth and success. This detailed description will explore the various aspects of the plan and present relevant exhibits to enhance the understanding. 1. Florida Stock Option Plan: The Florida Stock Option Plan is a key component of UGI Corp.'s employee compensation package. It allows eligible employees to purchase company stocks at a predetermined price within a specified timeframe, known as the exercise period. The stock options are typically granted as an incentive or reward and encourage employees to align their interests with the company's long-term success. Exhibit 1: Example of Florida Stock Option Grant Agreement Form 2. Dividend Equivalent Plan: The Dividend Equivalent Plan is another facet of the Florida Stock Option Plan that provides eligible employees with an opportunity to receive dividends on invested stock options. Under this plan, employees receive cash payments equivalent to the dividends paid on a certain number of invested stock options. These dividends are subject to vesting conditions and are usually distributed at the same time as regular dividends to shareholders. Exhibit 2: Dividend Equivalent Payment Calculation Example 3. Different Types of Florida Stock Option and Dividend Equivalent Plans: UGI Corp. offers different types of Florida Stock Option and Dividend Equivalent Plans based on employee eligibility, position, and other factors. Listed below are some variations of these plans: a. Restricted Stock Option Plan: The Restricted Stock Option Plan grants stock options to eligible employees that are subject to specific restrictions, such as a vesting period or performance targets. This plan aims to reward long-term loyalty and motivate employees to achieve defined goals. Exhibit 3: Sample Vesting Schedule for Restricted Stock Option Plan b. Performance-Based Stock Option Plan: The Performance-Based Stock Option Plan ties the stock option grant to the achievement of predetermined performance metrics or targets. This plan aligns employee efforts with company objectives and rewards exceptional performance. Exhibit 4: Performance Metrics and Stock Option Grant Calculation Example c. Director Stock Option and Dividend Equivalent Plan: UGI Corp. may also offer a specific plan for its directors, which includes stock options and dividend equivalents. This plan provides a means to attract and retain experienced directors, ensuring their active participation in the company's strategic decisions. Exhibit 5: Example Director Stock Option Agreement Form Conclusion: The Florida Stock Option and Dividend Equivalent Plan offered by UGI Corp. play a significant role in employee compensation and incentive programs. These plans not only provide employees with a stake in the company's success but also cultivate a sense of ownership and motivation. By offering different types of plans tailored to varying employee needs, UGI Corp. ensures a well-rounded compensation package that drives performance and aligns interests.

Florida Stock Option and Dividend Equivalent Plan with Exhibits of UGI Corp. Introduction: Florida Stock Option and Dividend Equivalent Plan is a benefit plan offered by UGI Corporation, a leading global energy distribution and services company. This plan aims to provide eligible employees with stock options and dividend equivalents to reward their contribution to the company's growth and success. This detailed description will explore the various aspects of the plan and present relevant exhibits to enhance the understanding. 1. Florida Stock Option Plan: The Florida Stock Option Plan is a key component of UGI Corp.'s employee compensation package. It allows eligible employees to purchase company stocks at a predetermined price within a specified timeframe, known as the exercise period. The stock options are typically granted as an incentive or reward and encourage employees to align their interests with the company's long-term success. Exhibit 1: Example of Florida Stock Option Grant Agreement Form 2. Dividend Equivalent Plan: The Dividend Equivalent Plan is another facet of the Florida Stock Option Plan that provides eligible employees with an opportunity to receive dividends on invested stock options. Under this plan, employees receive cash payments equivalent to the dividends paid on a certain number of invested stock options. These dividends are subject to vesting conditions and are usually distributed at the same time as regular dividends to shareholders. Exhibit 2: Dividend Equivalent Payment Calculation Example 3. Different Types of Florida Stock Option and Dividend Equivalent Plans: UGI Corp. offers different types of Florida Stock Option and Dividend Equivalent Plans based on employee eligibility, position, and other factors. Listed below are some variations of these plans: a. Restricted Stock Option Plan: The Restricted Stock Option Plan grants stock options to eligible employees that are subject to specific restrictions, such as a vesting period or performance targets. This plan aims to reward long-term loyalty and motivate employees to achieve defined goals. Exhibit 3: Sample Vesting Schedule for Restricted Stock Option Plan b. Performance-Based Stock Option Plan: The Performance-Based Stock Option Plan ties the stock option grant to the achievement of predetermined performance metrics or targets. This plan aligns employee efforts with company objectives and rewards exceptional performance. Exhibit 4: Performance Metrics and Stock Option Grant Calculation Example c. Director Stock Option and Dividend Equivalent Plan: UGI Corp. may also offer a specific plan for its directors, which includes stock options and dividend equivalents. This plan provides a means to attract and retain experienced directors, ensuring their active participation in the company's strategic decisions. Exhibit 5: Example Director Stock Option Agreement Form Conclusion: The Florida Stock Option and Dividend Equivalent Plan offered by UGI Corp. play a significant role in employee compensation and incentive programs. These plans not only provide employees with a stake in the company's success but also cultivate a sense of ownership and motivation. By offering different types of plans tailored to varying employee needs, UGI Corp. ensures a well-rounded compensation package that drives performance and aligns interests.