South 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 South Carolina Stock Option and Dividend Equivalent Plan (UGI Corp.) Introduction: The South Carolina Stock Option and Dividend Equivalent Plan is a form of employee compensation offered by UGI Corp., a leading energy distribution company. This plan provides employees with the opportunity to acquire company stock options and benefit from dividend equivalent payments. The plan is designed to encourage employee ownership and align their financial interests with the company's overall performance. This article will provide a detailed description of this plan, including its features, benefits, and any specific variations that may exist within UGI Corp. Features of South Carolina Stock Option and Dividend Equivalent Plan: 1. Stock Options: This plan allows eligible employees to purchase company stock options at a predetermined price, known as the exercise price. These options grant employees the right to buy a certain number of shares in the company at a discounted price at a later date. 2. Vesting Period: Stock options in the South Carolina plan usually come with a vesting period. This means that employees need to remain with the company for a specific duration before they can exercise their options. Vesting schedules may vary depending on UGI Corp.'s internal policies. 3. Dividend Equivalents: Participants in the plan also have the opportunity to receive dividend equivalent payments. Dividend equivalents are cash payments equal to the dividends paid on a specified number of actual company shares. Even if employees do not directly own the shares, they can benefit from the dividends as if they did. 4. Employee Eligibility: The South Carolina Stock Option and Dividend Equivalent Plan is typically available to eligible employees of UGI Corp. Employees may need to meet certain criteria such as job level, employment duration, or performance metrics. Eligibility criteria may differ across different divisions or departments within the company. Benefits of the Plan: 1. Incentive for Employee Ownership: The plan promotes a sense of ownership among employees by allowing them to purchase company stock at a discounted price. This aligns their financial interests with the company's long-term success. 2. Motivation and Retention: Offering stock options and dividend equivalents can serve as a motivational tool, encouraging employees to perform their best and remain with the company for an extended period. The potential financial rewards provide additional incentives to stay loyal and dedicated to UGI Corp. 3. Potential Financial Growth: As UGI Corp. continues to grow and succeed, employees who participate in the plan may benefit from the increasing value of the company's stock options and receive dividend equivalent payments, effectively boosting their overall compensation. Different Types of South Carolina Stock Option and Dividend Equivalent Plans at UGI Corp.: UGI Corp. may offer various variations of the South Carolina Stock Option and Dividend Equivalent Plan to cater to different employee segments or business units. These variations may include: 1. Executive Stock Option and Dividend Equivalent Plan: This plan could be specifically designed for high-ranking executives within UGI Corp., offering more substantial stock option grants and enhanced dividend equivalent benefits. 2. Non-Executive Stock Option and Dividend Equivalent Plan: This variation may be available to employees who do not hold executive positions but still want to participate in the plan. The eligibility criteria and benefits might be tailored to align with the roles and responsibilities of non-executive employees. Conclusion: The South Carolina Stock Option and Dividend Equivalent Plan offered by UGI Corp. provide employees with the opportunity to acquire company stock options and receive dividend equivalent payments. This plan aims to incentivize employee ownership, motivation, and long-term loyalty. Different variations of the plan may exist, such as those designed for executives and non-executive employees. Participating employees can benefit from potential financial growth as the company succeeds.

South Carolina Stock Option and Dividend Equivalent Plan (UGI Corp.) Introduction: The South Carolina Stock Option and Dividend Equivalent Plan is a form of employee compensation offered by UGI Corp., a leading energy distribution company. This plan provides employees with the opportunity to acquire company stock options and benefit from dividend equivalent payments. The plan is designed to encourage employee ownership and align their financial interests with the company's overall performance. This article will provide a detailed description of this plan, including its features, benefits, and any specific variations that may exist within UGI Corp. Features of South Carolina Stock Option and Dividend Equivalent Plan: 1. Stock Options: This plan allows eligible employees to purchase company stock options at a predetermined price, known as the exercise price. These options grant employees the right to buy a certain number of shares in the company at a discounted price at a later date. 2. Vesting Period: Stock options in the South Carolina plan usually come with a vesting period. This means that employees need to remain with the company for a specific duration before they can exercise their options. Vesting schedules may vary depending on UGI Corp.'s internal policies. 3. Dividend Equivalents: Participants in the plan also have the opportunity to receive dividend equivalent payments. Dividend equivalents are cash payments equal to the dividends paid on a specified number of actual company shares. Even if employees do not directly own the shares, they can benefit from the dividends as if they did. 4. Employee Eligibility: The South Carolina Stock Option and Dividend Equivalent Plan is typically available to eligible employees of UGI Corp. Employees may need to meet certain criteria such as job level, employment duration, or performance metrics. Eligibility criteria may differ across different divisions or departments within the company. Benefits of the Plan: 1. Incentive for Employee Ownership: The plan promotes a sense of ownership among employees by allowing them to purchase company stock at a discounted price. This aligns their financial interests with the company's long-term success. 2. Motivation and Retention: Offering stock options and dividend equivalents can serve as a motivational tool, encouraging employees to perform their best and remain with the company for an extended period. The potential financial rewards provide additional incentives to stay loyal and dedicated to UGI Corp. 3. Potential Financial Growth: As UGI Corp. continues to grow and succeed, employees who participate in the plan may benefit from the increasing value of the company's stock options and receive dividend equivalent payments, effectively boosting their overall compensation. Different Types of South Carolina Stock Option and Dividend Equivalent Plans at UGI Corp.: UGI Corp. may offer various variations of the South Carolina Stock Option and Dividend Equivalent Plan to cater to different employee segments or business units. These variations may include: 1. Executive Stock Option and Dividend Equivalent Plan: This plan could be specifically designed for high-ranking executives within UGI Corp., offering more substantial stock option grants and enhanced dividend equivalent benefits. 2. Non-Executive Stock Option and Dividend Equivalent Plan: This variation may be available to employees who do not hold executive positions but still want to participate in the plan. The eligibility criteria and benefits might be tailored to align with the roles and responsibilities of non-executive employees. Conclusion: The South Carolina Stock Option and Dividend Equivalent Plan offered by UGI Corp. provide employees with the opportunity to acquire company stock options and receive dividend equivalent payments. This plan aims to incentivize employee ownership, motivation, and long-term loyalty. Different variations of the plan may exist, such as those designed for executives and non-executive employees. Participating employees can benefit from potential financial growth as the company succeeds.