North Dakota 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 North Dakota Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp. that allows their employees to purchase company stock at a predetermined price. This plan is designed to incentivize and reward employees for their contribution to UGI's success. UGI Corp. offers two types of Stock Option and Dividend Equivalent Plans to their employees in North Dakota: 1. Employee Stock Option Plan: This plan provides employees with the opportunity to purchase UGI Corp. stock at a specified price within a predetermined period of time. Employees can exercise their stock options once they meet certain eligibility criteria, such as completing a specified employment duration or achieving performance targets. These stock options often come with an expiration date, encouraging employees to take advantage of the opportunity within a specific timeframe. 2. Dividend Equivalent Plan: UGI Corp.'s Dividend Equivalent Plan allows employees to receive cash payments equivalent to the dividends paid on UGI stock. Employees are not required to purchase the stock to participate in this plan. Instead, they receive a cash equivalent of the dividends distributed to shareholders. This provides employees with a stake in the company's performance and allows them to benefit from its dividends without actually owning the stock. Both these plans are designed to align the interests of UGI Corp.'s employees with the overall performance and success of the company. By providing employees with the opportunity to own company stock or receive cash dividends, UGI Corp. aims to create a sense of ownership and provide additional financial rewards. Exhibit 1: Employee Stock Option Plan Agreement This exhibit showcases a sample agreement document between UGI Corp. and an employee participating in the Stock Option Plan. It outlines the terms and conditions of the stock options, including the exercise price, vesting schedule, expiration date, and any performance-related criteria. Exhibit 2: Dividend Equivalent Plan Description This exhibit provides an overview of UGI Corp.'s Dividend Equivalent Plan, explaining how employees can participate and what benefits they can expect. It outlines the eligibility criteria, calculation method for dividend equivalents, and the process for receiving cash payments. These exhibits demonstrate the structure and details of UGI Corp.'s Stock Option and Dividend Equivalent Plans, highlighting the opportunities and benefits available to their employees in North Dakota. It emphasizes the company's commitment to providing competitive compensation packages and creating a culture of shared success.

North Dakota Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp. that allows their employees to purchase company stock at a predetermined price. This plan is designed to incentivize and reward employees for their contribution to UGI's success. UGI Corp. offers two types of Stock Option and Dividend Equivalent Plans to their employees in North Dakota: 1. Employee Stock Option Plan: This plan provides employees with the opportunity to purchase UGI Corp. stock at a specified price within a predetermined period of time. Employees can exercise their stock options once they meet certain eligibility criteria, such as completing a specified employment duration or achieving performance targets. These stock options often come with an expiration date, encouraging employees to take advantage of the opportunity within a specific timeframe. 2. Dividend Equivalent Plan: UGI Corp.'s Dividend Equivalent Plan allows employees to receive cash payments equivalent to the dividends paid on UGI stock. Employees are not required to purchase the stock to participate in this plan. Instead, they receive a cash equivalent of the dividends distributed to shareholders. This provides employees with a stake in the company's performance and allows them to benefit from its dividends without actually owning the stock. Both these plans are designed to align the interests of UGI Corp.'s employees with the overall performance and success of the company. By providing employees with the opportunity to own company stock or receive cash dividends, UGI Corp. aims to create a sense of ownership and provide additional financial rewards. Exhibit 1: Employee Stock Option Plan Agreement This exhibit showcases a sample agreement document between UGI Corp. and an employee participating in the Stock Option Plan. It outlines the terms and conditions of the stock options, including the exercise price, vesting schedule, expiration date, and any performance-related criteria. Exhibit 2: Dividend Equivalent Plan Description This exhibit provides an overview of UGI Corp.'s Dividend Equivalent Plan, explaining how employees can participate and what benefits they can expect. It outlines the eligibility criteria, calculation method for dividend equivalents, and the process for receiving cash payments. These exhibits demonstrate the structure and details of UGI Corp.'s Stock Option and Dividend Equivalent Plans, highlighting the opportunities and benefits available to their employees in North Dakota. It emphasizes the company's commitment to providing competitive compensation packages and creating a culture of shared success.