Texas 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

Title: Understanding Texas Stock Option and Dividend Equivalent Plan at UGI Corp. Introduction: Texas Stock Option and Dividend Equivalent Plan is an equity compensation program provided by UGI Corp., a renowned company in the energy distribution industry. This detailed description will provide an overview of the plan, its benefits, and the various types of Texas Stock Option and Dividend Equivalent Plans available at UGI Corp. 1. Overview of Texas Stock Option and Dividend Equivalent Plan: The Texas Stock Option and Dividend Equivalent Plan is designed to offer employees of UGI Corp. the opportunity to acquire company stock options and receive dividend equivalents on those options. This plan aims to incentivize and align the interests of employees with the company's long-term growth and success. 2. Benefits of Texas Stock Option and Dividend Equivalent Plan: 2.1. Employee Incentive: By granting stock options, UGI Corp. motivates employees to perform excellently, contributing to the company's growth and profitability. 2.2. Ownership Stake: This plan enables employees to acquire an ownership stake in UGI Corp., fostering a sense of loyalty and commitment. 2.3. Dividend Equivalents: Employees receive dividend equivalents on their stock options, allowing them to benefit from the company's dividend payments. 3. Different Types of Texas Stock Option and Dividend Equivalent Plans at UGI Corp.: 3.1. Performance-Based Stock Options: In addition to regular stock options, UGI Corp. offers performance-based stock options through its Texas Stock Option and Dividend Equivalent Plan. These options have specific performance criteria, such as achieving certain financial targets or obtaining operational milestones. 3.2. Restricted Stock Units (RSS): UGI Corp. extends Restricted Stock Units as part of its Texas Stock Option and Dividend Equivalent Plan. RSS grant employees the right to receive UGI Corp. stocks upon meeting specified conditions, often vesting over a predetermined period. 4. UGI Corp. Exhibits related to Texas Stock Option and Dividend Equivalent Plan: 4.1. Exhibit A: Texas Stock Option and Dividend Equivalent Plan Brochure This exhibit provides a detailed brochure outlining the specifics of UGI Corp.'s stock option and dividend equivalent plans available to employees. 4.2. Exhibit B: Sample Stock Option Agreement The sample stock option agreement gives employees an insight into the terms and conditions associated with stock option grants under the Texas Stock Option and Dividend Equivalent Plan. 4.3. Exhibit C: Dividend Equivalent Calculation Methodology This exhibit presents the methodology followed by UGI Corp. for calculating dividend equivalents related to stock options granted under the plan. 5. Conclusion: Texas Stock Option and Dividend Equivalent Plan at UGI Corp. offers employees the opportunity to acquire company stock options and receive dividend equivalents, fostering employee engagement and aligning their interests with the company's long-term success. The company provides various types of stock option grants, including performance-based stock options and restricted stock units. Employees can refer to the UGI Corp. exhibits to gain a comprehensive understanding of the plan's details and associated benefits.