Minnesota 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 The Minnesota Stock Option and Dividend Equivalent Plan (MSO DEP) is a compensation plan offered by UGI Corporation, a leading global energy company. This plan is designed to incentivize and reward employees by granting them stock options and dividend equivalents. Here is a detailed description of the MSO DEP, along with relevant keywords: 1. Stock Options: The MSO DEP provides eligible UGI Corp. employees with the opportunity to purchase company stock at a predetermined price within a specific timeframe. These stock options allow employees to benefit from any potential increase in the company's stock price over time. The option price is usually set at the market price of the stock on the date of grant. Keywords: Stock options, employee stock ownership plan, UGI Corp. stock, stock price, market price, grant date. 2. Dividend Equivalents: In addition to stock options, the MSO DEP also offers dividend equivalents to eligible participants. Dividend equivalents are payments made to employees that mimic the value of actual dividends paid to shareholders. These equivalents are typically credited to the employee's account, and they often accrue interest until the employee exercises their stock options or the plan's vesting period is complete. Keywords: Dividend equivalents, shareholder dividends, dividend payments, account credits, interest accrual, vesting period. 3. Vesting Period: The MSO DEP typically imposes a vesting period, which is the period of time an employee must wait before being able to exercise their stock options or receive dividend equivalents. This time frame is determined by UGI Corp. and may vary depending on the employee's position, seniority, or other eligibility criteria. Once the vesting period is complete, employees gain full ownership rights to their awarded stock options and dividend equivalents. Keywords: Vesting period, ownership rights, eligibility criteria, seniority, employee position. Exhibits of UGI Corp.: To provide a visual representation of the MSO DEP, exhibits from UGI Corp. could include: 1. Exhibit A: Sample Stock Option Agreement: This exhibit displays a sample stock option agreement document outlining the terms and conditions of the MSO DEP. It includes information such as the option grant date, option exercise price, the number of shares awarded, and any vesting schedule. 2. Exhibit B: Dividend Equivalent Statement: This exhibit showcases a sample dividend equivalent statement. It includes details of the calculated dividend equivalents earned by an employee based on their awarded stock options and the company's dividend payments. The statement highlights the accrued interest, vesting schedule, and the total value of dividend equivalents. Keywords: Exhibit A, Exhibit B, stock option agreement, option exercise price, sample document, dividend equivalent statement, accrued interest, vesting schedule, value of dividend equivalents. By implementing the Minnesota Stock Option and Dividend Equivalent Plan, UGI Corp. aims to attract, retain, and motivate its employees while aligning their interests with that of the company's long-term success. The plan enables employees to participate in the company's growth and share in its financial performance, fostering a sense of ownership and incentivizing employee loyalty.

The Minnesota Stock Option and Dividend Equivalent Plan (MSO DEP) is a compensation plan offered by UGI Corporation, a leading global energy company. This plan is designed to incentivize and reward employees by granting them stock options and dividend equivalents. Here is a detailed description of the MSO DEP, along with relevant keywords: 1. Stock Options: The MSO DEP provides eligible UGI Corp. employees with the opportunity to purchase company stock at a predetermined price within a specific timeframe. These stock options allow employees to benefit from any potential increase in the company's stock price over time. The option price is usually set at the market price of the stock on the date of grant. Keywords: Stock options, employee stock ownership plan, UGI Corp. stock, stock price, market price, grant date. 2. Dividend Equivalents: In addition to stock options, the MSO DEP also offers dividend equivalents to eligible participants. Dividend equivalents are payments made to employees that mimic the value of actual dividends paid to shareholders. These equivalents are typically credited to the employee's account, and they often accrue interest until the employee exercises their stock options or the plan's vesting period is complete. Keywords: Dividend equivalents, shareholder dividends, dividend payments, account credits, interest accrual, vesting period. 3. Vesting Period: The MSO DEP typically imposes a vesting period, which is the period of time an employee must wait before being able to exercise their stock options or receive dividend equivalents. This time frame is determined by UGI Corp. and may vary depending on the employee's position, seniority, or other eligibility criteria. Once the vesting period is complete, employees gain full ownership rights to their awarded stock options and dividend equivalents. Keywords: Vesting period, ownership rights, eligibility criteria, seniority, employee position. Exhibits of UGI Corp.: To provide a visual representation of the MSO DEP, exhibits from UGI Corp. could include: 1. Exhibit A: Sample Stock Option Agreement: This exhibit displays a sample stock option agreement document outlining the terms and conditions of the MSO DEP. It includes information such as the option grant date, option exercise price, the number of shares awarded, and any vesting schedule. 2. Exhibit B: Dividend Equivalent Statement: This exhibit showcases a sample dividend equivalent statement. It includes details of the calculated dividend equivalents earned by an employee based on their awarded stock options and the company's dividend payments. The statement highlights the accrued interest, vesting schedule, and the total value of dividend equivalents. Keywords: Exhibit A, Exhibit B, stock option agreement, option exercise price, sample document, dividend equivalent statement, accrued interest, vesting schedule, value of dividend equivalents. By implementing the Minnesota Stock Option and Dividend Equivalent Plan, UGI Corp. aims to attract, retain, and motivate its employees while aligning their interests with that of the company's long-term success. The plan enables employees to participate in the company's growth and share in its financial performance, fostering a sense of ownership and incentivizing employee loyalty.