North Carolina 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 North Carolina Stock Option and Dividend Equivalent Plan is a compensation plan implemented by UGI Corp., a multinational energy distribution and services company. This plan allows eligible employees to receive stock options as well as dividend equivalents based on the performance and financial success of the company. The plan is designed to provide employees with additional incentives and the opportunity to share in the company's prosperity. The Stock Option component of the plan enables eligible employees to purchase shares of UGI Corp. stock at a predetermined price, known as the exercise price. These stock options typically have a specific period of time during which they can be exercised, allowing employees the flexibility to choose when to acquire the company's stock based on market conditions and their personal financial goals. By participating in the plan, employees can potentially benefit from the appreciation of UGI Corp. stock value over time. If the stock price surpasses the exercise price, employees can exercise their stock options, purchase the shares at the lower exercise price, and sell them at the market price, resulting in a profit. This feature can be particularly advantageous when the company's stock experiences significant growth. Furthermore, the Dividend Equivalent component of the plan gives eligible employees the opportunity to receive cash payments equivalent to the dividends paid out to UGI Corp. shareholders. Although employees do not directly receive dividends, they are entitled to dividend equivalents based on the number of shares underlying their stock options. This ensures that employees can benefit from the company's dividend payments, even if they have not yet exercised their stock options. It's worth noting that there might be different types or variations of the North Carolina Stock Option and Dividend Equivalent Plan within UGI Corp. These variations can depend on factors such as employee seniority, job function, or performance levels. Some employees may be granted more favorable stock option terms, such as lower exercise prices or larger allocation of shares, while others may have different eligibility requirements or restrictions. Overall, the North Carolina Stock Option and Dividend Equivalent Plan offered by UGI Corp. allows eligible employees to participate in the company's growth and success by enticing them with stock options and dividend equivalents. These components provide financial incentives and align employee interests with those of the company's shareholders. Through this plan, UGI Corp. aims to motivate and reward its employees while fostering a sense of ownership and loyalty within the organization. Exhibits: 1. Exhibit A: North Carolina Stock Option Plan Terms and Conditions 2. Exhibit B: Dividend Equivalent Plan Guidelines and Calculation Methodology 3. Exhibit C: Employee Enrollment and Exercise Process Flowchart 4. Exhibit D: Sample Stock Option Exercise and Dividend Equivalent Payout Statement 5. Exhibit E: Summary of Historical Stock Price Performance and Dividend Payments 6. Exhibit F: Frequently Asked Questions (FAQ) Document on the North Carolina Stock Option and Dividend Equivalent Plan 7. Exhibit G: Comparative Analysis of UGI Corp.'s Plan with Other Industry Competitors' Employee Incentive Schemes.

The North Carolina Stock Option and Dividend Equivalent Plan is a compensation plan implemented by UGI Corp., a multinational energy distribution and services company. This plan allows eligible employees to receive stock options as well as dividend equivalents based on the performance and financial success of the company. The plan is designed to provide employees with additional incentives and the opportunity to share in the company's prosperity. The Stock Option component of the plan enables eligible employees to purchase shares of UGI Corp. stock at a predetermined price, known as the exercise price. These stock options typically have a specific period of time during which they can be exercised, allowing employees the flexibility to choose when to acquire the company's stock based on market conditions and their personal financial goals. By participating in the plan, employees can potentially benefit from the appreciation of UGI Corp. stock value over time. If the stock price surpasses the exercise price, employees can exercise their stock options, purchase the shares at the lower exercise price, and sell them at the market price, resulting in a profit. This feature can be particularly advantageous when the company's stock experiences significant growth. Furthermore, the Dividend Equivalent component of the plan gives eligible employees the opportunity to receive cash payments equivalent to the dividends paid out to UGI Corp. shareholders. Although employees do not directly receive dividends, they are entitled to dividend equivalents based on the number of shares underlying their stock options. This ensures that employees can benefit from the company's dividend payments, even if they have not yet exercised their stock options. It's worth noting that there might be different types or variations of the North Carolina Stock Option and Dividend Equivalent Plan within UGI Corp. These variations can depend on factors such as employee seniority, job function, or performance levels. Some employees may be granted more favorable stock option terms, such as lower exercise prices or larger allocation of shares, while others may have different eligibility requirements or restrictions. Overall, the North Carolina Stock Option and Dividend Equivalent Plan offered by UGI Corp. allows eligible employees to participate in the company's growth and success by enticing them with stock options and dividend equivalents. These components provide financial incentives and align employee interests with those of the company's shareholders. Through this plan, UGI Corp. aims to motivate and reward its employees while fostering a sense of ownership and loyalty within the organization. Exhibits: 1. Exhibit A: North Carolina Stock Option Plan Terms and Conditions 2. Exhibit B: Dividend Equivalent Plan Guidelines and Calculation Methodology 3. Exhibit C: Employee Enrollment and Exercise Process Flowchart 4. Exhibit D: Sample Stock Option Exercise and Dividend Equivalent Payout Statement 5. Exhibit E: Summary of Historical Stock Price Performance and Dividend Payments 6. Exhibit F: Frequently Asked Questions (FAQ) Document on the North Carolina Stock Option and Dividend Equivalent Plan 7. Exhibit G: Comparative Analysis of UGI Corp.'s Plan with Other Industry Competitors' Employee Incentive Schemes.