New York 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 New York Stock Option and Dividend Equivalent Plan (NY SDP) is a compensation program offered by UGI Corp., a diversified energy company headquartered in Pennsylvania, USA. NY SDP provides eligible employees with opportunities to acquire the company's stock options and receive dividend equivalent payments. The plan aims to align employee interests with shareholder value, motivate and reward employees, and foster a sense of ownership within the organization. Under the NY SDP, UGI Corp. offers different types of stock options and dividend equivalent plans. These plans may include: 1. Stock Option Plan: The Stock Option Plan allows eligible employees of UGI Corp. to purchase company stock at a predetermined price, referred to as the exercise price. This plan typically has a vesting period, meaning employees have to meet certain criteria or complete a specific tenure before they can exercise their options. 2. Incentive Stock Option (ISO) Plan: ISO plans are designed specifically for UGI Corp. employees and offer certain tax advantages. Employees who meet the criteria for ISO plans can purchase company stock at a predetermined price without incurring immediate taxes. 3. Non-Qualified Stock Option (NO) Plan: The NO plan provides employees the opportunity to purchase UGI Corp. stock at a predetermined price, similar to the ISO plan. However, NO plans do not have the same tax advantages and are subject to immediate taxation upon exercising the options. 4. Dividend Equivalent Plan: The Dividend Equivalent Plan, offered alongside stock options, allows eligible UGI Corp. employees to receive cash payments equivalent to dividends paid on the company's stock. This plan ensures that employees can participate in the financial success of UGI Corp. even if they have not exercised their stock options. Exhibits related to UGI Corp.'s NY SDP may include: 1. NY SDP Program Document: This exhibit provides a detailed description of the NY SDP, including the eligibility criteria, terms and conditions, vesting schedule, exercise prices, and procedures for exercising stock options. 2. Sample Stock Option Agreement: This exhibit showcases a hypothetical stock option agreement, highlighting the terms, exercise price, vesting schedule, and expiration date. It helps employees understand the specifics of their stock option grants. 3. Dividend Equivalent Plan Summary: This exhibit provides a summary of the Dividend Equivalent Plan, explaining how eligible employees can receive cash payments equivalent to dividends, the timing of payments, and the calculation methodology. 4. Tax Implications and Reporting Guidelines: This exhibit outlines the tax implications of participating in UGI Corp.'s NY SDP, including the potential tax treatment of stock options and dividend equivalents. It also guides employees on how to report related income and payments to tax authorities. Overall, UGI Corp.'s New York Stock Option and Dividend Equivalent Plan aims to incentivize and reward employees by providing them with the opportunity to own company stock, benefit from its appreciation, and receive dividend equivalent payments.

New York Stock Option and Dividend Equivalent Plan (NY SDP) is a compensation program offered by UGI Corp., a diversified energy company headquartered in Pennsylvania, USA. NY SDP provides eligible employees with opportunities to acquire the company's stock options and receive dividend equivalent payments. The plan aims to align employee interests with shareholder value, motivate and reward employees, and foster a sense of ownership within the organization. Under the NY SDP, UGI Corp. offers different types of stock options and dividend equivalent plans. These plans may include: 1. Stock Option Plan: The Stock Option Plan allows eligible employees of UGI Corp. to purchase company stock at a predetermined price, referred to as the exercise price. This plan typically has a vesting period, meaning employees have to meet certain criteria or complete a specific tenure before they can exercise their options. 2. Incentive Stock Option (ISO) Plan: ISO plans are designed specifically for UGI Corp. employees and offer certain tax advantages. Employees who meet the criteria for ISO plans can purchase company stock at a predetermined price without incurring immediate taxes. 3. Non-Qualified Stock Option (NO) Plan: The NO plan provides employees the opportunity to purchase UGI Corp. stock at a predetermined price, similar to the ISO plan. However, NO plans do not have the same tax advantages and are subject to immediate taxation upon exercising the options. 4. Dividend Equivalent Plan: The Dividend Equivalent Plan, offered alongside stock options, allows eligible UGI Corp. employees to receive cash payments equivalent to dividends paid on the company's stock. This plan ensures that employees can participate in the financial success of UGI Corp. even if they have not exercised their stock options. Exhibits related to UGI Corp.'s NY SDP may include: 1. NY SDP Program Document: This exhibit provides a detailed description of the NY SDP, including the eligibility criteria, terms and conditions, vesting schedule, exercise prices, and procedures for exercising stock options. 2. Sample Stock Option Agreement: This exhibit showcases a hypothetical stock option agreement, highlighting the terms, exercise price, vesting schedule, and expiration date. It helps employees understand the specifics of their stock option grants. 3. Dividend Equivalent Plan Summary: This exhibit provides a summary of the Dividend Equivalent Plan, explaining how eligible employees can receive cash payments equivalent to dividends, the timing of payments, and the calculation methodology. 4. Tax Implications and Reporting Guidelines: This exhibit outlines the tax implications of participating in UGI Corp.'s NY SDP, including the potential tax treatment of stock options and dividend equivalents. It also guides employees on how to report related income and payments to tax authorities. Overall, UGI Corp.'s New York Stock Option and Dividend Equivalent Plan aims to incentivize and reward employees by providing them with the opportunity to own company stock, benefit from its appreciation, and receive dividend equivalent payments.