Kentucky 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 UGI Corp.'s Kentucky Stock Option and Dividend Equivalent Plan Introduction: In this article, we will delve into the intricacies of UGI Corp.'s Kentucky Stock Option and Dividend Equivalent Plan. Highlighting the significance and benefits of this plan, we will also touch upon different types of plans that UGI Corp. offers to its employees. Let's dive in and gain a deeper understanding of these programs. Article: 1. Overview of UGI Corp.: UGI Corp. is a leading energy distribution and services company headquartered in Pennsylvania. With a diversely talented workforce, UGI Corp. aims to provide its employees with attractive compensation and benefits packages. One such program offered is the Kentucky Stock Option and Dividend Equivalent Plan. 2. Understanding Kentucky Stock Option and Dividend Equivalent Plan: The Kentucky Stock Option and Dividend Equivalent Plan is a benefit program implemented by UGI Corp. to incentivize and reward employees for their contributions to the company's growth. The program offers eligible individuals the opportunity to purchase UGI Corp.'s stock at a predetermined price, allowing them to participate in the company's success. 3. Key Features and Benefits: 3.1 Stock Option Plan: The stock option plan provides employees with the right to purchase UGI Corp. common stock within a specified time frame at a predetermined price, typically below the market price. This plan allows employees to potentially benefit from any appreciation in the stock's value. 3.2 Dividend Equivalent Plan: UGI Corp.'s dividend equivalent plan allows employees to receive cash payments equivalent to the dividends paid on their restricted stock unit (RSU) awards. This plan ensures that employees can indirectly enjoy the benefits of UGI Corp.'s dividend distribution. 4. Different Types of UGI Corp.'s Kentucky Stock Option and Dividend Equivalent Plan: 4.1 Employee Stock Purchase Plan: UGI Corp. offers an Employee Stock Purchase Plan (ESPN) under its Kentucky program, enabling eligible employees to buy UGI Corp. stock at a discounted price. The ESPN creates a sense of ownership among employees while helping them accumulate assets. 4.2 Restricted Stock Unit (RSU) Plan: The RSU plan awards selected employees with UGI Corp.'s stock units, typically as part of their compensation packages. The units vest over a specific period, allowing employees to receive UGI Corp.'s common shares upon vesting. The Dividend Equivalent Plan complements the RSU program and gives employees the opportunity to receive cash payments similar to dividends. Exhibits: 1. Exhibit A: Kentucky Stock Option and Dividend Equivalent Plan Brochure 2. Exhibit B: Example of Stock Option Exercise and its Financial Implications 3. Exhibit C: Restricted Stock Unit (RSU) Grant Statement Conclusion: UGI Corp.'s Kentucky Stock Option and Dividend Equivalent Plan is a valuable benefit program that rewards employees for their contributions while nurturing a sense of ownership. The company offers different programs like the Employee Stock Purchase Plan and the Restricted Stock Unit Plan, each designed to cater to specific employee needs. These plans provide UGI Corp. employees with opportunities to accumulate wealth and share in the company's success through stock ownership, all while fostering a strong employee-company relationship.