Maryland 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

Maryland Stock Option and Dividend Equivalent Plan — UGI Corp. Overview: The Maryland Stock Option and Dividend Equivalent Plan offered by UGI Corp. is a powerful incentive plan that allows employees to purchase company stock at a predetermined price or receive cash equivalent to dividends. It is designed to motivate and reward employees by aligning their interests with the company's financial performance. This plan provides employees with the opportunity to share in the success and profitability of UGI Corp. Types of Maryland Stock Option and Dividend Equivalent Plans: 1. Stock Option Plan: The UGI Corp. Stock Option Plan offers employees the right to purchase company stock at a specified price, called the exercise price. These stock options typically have a vesting period, during which employees must wait before they can exercise their options. This plan aims to incentivize employees by giving them the opportunity to own a stake in the company and benefit from potential stock price appreciation. 2. Dividend Equivalent Plan: UGI Corp.'s Dividend Equivalent Plan allows employees to receive cash equivalent to the dividends paid on company stock. This plan is particularly beneficial for employees who may not be able to exercise stock options or prefer immediate cash incentives over stock ownership. Dividend equivalents are typically paid out at regular intervals, aligning the employees' compensation with the success of the company. Exhibits: Below are exhibits relevant to UGI Corp.'s Maryland Stock Option and Dividend Equivalent Plan: Exhibit 1: UGI Corp. Stock Option Agreement This exhibit includes a sample stock option agreement provided to employees participating in the Stock Option Plan. It outlines the terms, conditions, and exercise price of the stock options, along with the vesting schedule. Exhibit 2: UGI Corp. Dividend Equivalent Agreement This exhibit showcases a sample dividend equivalent agreement offered to employees enrolled in the Dividend Equivalent Plan. It elucidates the calculation method for cash payouts and the frequency of dividend equivalent payments. Exhibit 3: UGI Corp. Employee Benefits Guide This exhibit provides an overview of UGI Corp.'s comprehensive employee benefits package, including the Maryland Stock Option and Dividend Equivalent Plan. It highlights the advantages of participating in these plans and their importance in attracting and retaining top talent. Exhibit 4: Performance-Linked Bonus Structures This exhibit demonstrates how UGI Corp. links bonuses to the company's financial performance. It showcases how the Stock Option and Dividend Equivalent Plans contribute to the overall incentive structure and encourage employees to drive the company's success. Exhibit 5: Employee Testimonials This exhibit features testimonials from UGI Corp. employees who have participated in the Stock Option and Dividend Equivalent Plans. It highlights their personal experiences, financial gains, and the positive impact these plans have had on their professional growth and motivation. Conclusion: The Maryland Stock Option and Dividend Equivalent Plan offered by UGI Corp. provide compelling incentives for employees to align their interests with the company's financial performance. These plans are designed to promote employee loyalty and motivation, allowing them to share in the company's success through stock ownership or cash equivalent dividends. Through exhibits like sample agreements, performance-linked bonus structures, and employee testimonials, UGI Corp. showcases its commitment to providing attractive benefits and opportunities for employees to participate in the company's growth.