Georgia 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 Georgia Stock Option and Dividend Equivalent Plan: A Comprehensive Overview with UGI Corp. Exhibits Introduction: The Georgia Stock Option and Dividend Equivalent Plan is an employee benefit program offered by UGI Corp., a leading energy distribution and services company. This plan allows eligible employees to receive stock options and dividend equivalents, providing them with an opportunity to participate in the company's growth and success. In this article, we will delve into the intricacies of the Georgia Stock Option and Dividend Equivalent Plan, explore its features, benefits, and variations, and showcase relevant exhibits from UGI Corp. I. Georgia Stock Option Plan: The Georgia Stock Option Plan allows eligible employees of UGI Corp. to purchase company stock at a predetermined price, usually below the market value. This empowers employees to become shareholders and benefit from the company's growth. Key features of the Georgia Stock Option Plan include: 1. Eligibility: Employees meeting specific criteria, such as tenure, performance, or position within the company, are eligible to participate in the Georgia Stock Option Plan. 2. Vesting Period: The plan typically imposes a vesting period, a specific timeframe during which employees must remain employed by UGI Corp. to exercise their stock options fully. 3. Exercise Price: Employees can purchase company stock at a predetermined exercise price, which is often set at a discounted rate compared to the market value. This provides employees with an incentive for long-term investment and aligns their interests with the company's success. 4. Expiration Date: The stock options granted under the Georgia Stock Option Plan have a specified expiration date. If employees do not exercise their options before this date, they will lose the opportunity to purchase shares at the predetermined price. II. Georgia Dividend Equivalent Plan: The Georgia Dividend Equivalent Plan is another component of the UGI Corp. employee benefit program, designed to provide employees with the benefits of dividend payments without actually owning the stock. Key features of the Georgia Dividend Equivalent Plan include: 1. Dividend Equivalent Units (Zeus): The plan awards participants with Dividend Equivalent Units, which reflect the value of dividends that would have been paid if the employee owned the equivalent shares. These Zeus grow in value along with the actual dividends paid to shareholders. 2. Payout: Upon the vesting of the Dividend Equivalent Units, employees are entitled to receive a cash payment equivalent to the value of the accumulated dividends. 3. Tax Implications: It is important to note that the cash payment received from the Dividend Equivalent Plan is treated as ordinary income, subject to applicable taxes. Exhibits from UGI Corp.: To enhance our understanding, let's examine relevant exhibits from UGI Corp., illustrating the Georgia Stock Option and Dividend Equivalent Plans: Exhibit 1: Sample Georgia Stock Option Plan Agreement This exhibit presents the terms and conditions of the Georgia Stock Option Plan, including eligibility criteria, exercise price, vesting schedule, and expiration date. Exhibit 2: Dividend Equivalent Plan Overview This exhibit provides an overview of the Georgia Dividend Equivalent Plan, explaining how Dividend Equivalent Units are awarded and how the payout is calculated. Exhibit 3: Comparative Analysis — Stock Option vs. Dividend Equivalent Plan This exhibit presents a comparative analysis of the benefits offered by the Georgia Stock Option Plan and the Dividend Equivalent Plan, helping employees make informed decisions about their investment preferences. Conclusion: The Georgia Stock Option and Dividend Equivalent Plan offered by UGI Corp. are valuable employee benefit programs designed to align employee interests with the company's success. By offering stock options and dividend equivalents, UGI Corp. empowers its employees to become shareholders and share in the company's growth. The provided exhibits offer a deeper insight into both plans and aid employees in making informed decisions regarding their participation in these programs.

Georgia Stock Option and Dividend Equivalent Plan: A Comprehensive Overview with UGI Corp. Exhibits Introduction: The Georgia Stock Option and Dividend Equivalent Plan is an employee benefit program offered by UGI Corp., a leading energy distribution and services company. This plan allows eligible employees to receive stock options and dividend equivalents, providing them with an opportunity to participate in the company's growth and success. In this article, we will delve into the intricacies of the Georgia Stock Option and Dividend Equivalent Plan, explore its features, benefits, and variations, and showcase relevant exhibits from UGI Corp. I. Georgia Stock Option Plan: The Georgia Stock Option Plan allows eligible employees of UGI Corp. to purchase company stock at a predetermined price, usually below the market value. This empowers employees to become shareholders and benefit from the company's growth. Key features of the Georgia Stock Option Plan include: 1. Eligibility: Employees meeting specific criteria, such as tenure, performance, or position within the company, are eligible to participate in the Georgia Stock Option Plan. 2. Vesting Period: The plan typically imposes a vesting period, a specific timeframe during which employees must remain employed by UGI Corp. to exercise their stock options fully. 3. Exercise Price: Employees can purchase company stock at a predetermined exercise price, which is often set at a discounted rate compared to the market value. This provides employees with an incentive for long-term investment and aligns their interests with the company's success. 4. Expiration Date: The stock options granted under the Georgia Stock Option Plan have a specified expiration date. If employees do not exercise their options before this date, they will lose the opportunity to purchase shares at the predetermined price. II. Georgia Dividend Equivalent Plan: The Georgia Dividend Equivalent Plan is another component of the UGI Corp. employee benefit program, designed to provide employees with the benefits of dividend payments without actually owning the stock. Key features of the Georgia Dividend Equivalent Plan include: 1. Dividend Equivalent Units (Zeus): The plan awards participants with Dividend Equivalent Units, which reflect the value of dividends that would have been paid if the employee owned the equivalent shares. These Zeus grow in value along with the actual dividends paid to shareholders. 2. Payout: Upon the vesting of the Dividend Equivalent Units, employees are entitled to receive a cash payment equivalent to the value of the accumulated dividends. 3. Tax Implications: It is important to note that the cash payment received from the Dividend Equivalent Plan is treated as ordinary income, subject to applicable taxes. Exhibits from UGI Corp.: To enhance our understanding, let's examine relevant exhibits from UGI Corp., illustrating the Georgia Stock Option and Dividend Equivalent Plans: Exhibit 1: Sample Georgia Stock Option Plan Agreement This exhibit presents the terms and conditions of the Georgia Stock Option Plan, including eligibility criteria, exercise price, vesting schedule, and expiration date. Exhibit 2: Dividend Equivalent Plan Overview This exhibit provides an overview of the Georgia Dividend Equivalent Plan, explaining how Dividend Equivalent Units are awarded and how the payout is calculated. Exhibit 3: Comparative Analysis — Stock Option vs. Dividend Equivalent Plan This exhibit presents a comparative analysis of the benefits offered by the Georgia Stock Option Plan and the Dividend Equivalent Plan, helping employees make informed decisions about their investment preferences. Conclusion: The Georgia Stock Option and Dividend Equivalent Plan offered by UGI Corp. are valuable employee benefit programs designed to align employee interests with the company's success. By offering stock options and dividend equivalents, UGI Corp. empowers its employees to become shareholders and share in the company's growth. The provided exhibits offer a deeper insight into both plans and aid employees in making informed decisions regarding their participation in these programs.