Washington 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 Washington Stock Option and Dividend Equivalent Plan is a program implemented by UGI Corp., a leading global distributor and marketer of energy products and services. This plan offers employees an opportunity to participate in the company's growth and success by granting them stock options and dividend equivalents. Through this plan, UGI Corp. provides its employees with stock options, which are the right to purchase a specific number of shares of the company's stock at a predetermined price within a specified period. These stock options are typically granted as an incentive or reward for employees' contributions to the company's performance and can be exercised at a future date when their value has potentially increased. Additionally, the Dividend Equivalent Plan, also a part of the Washington Stock Option plan, grants employees the right to receive cash payments equivalent to the dividends paid on UGI Corp.'s shares. This allows employees to indirectly benefit from the company's dividend payouts, even if they do not own actual shares of stock. The Washington Stock Option and Dividend Equivalent Plan aims to align the interests of UGI Corp.'s employees with those of the company's shareholders, encouraging commitment, loyalty, and motivation among its workforce. By providing employees with stock options and dividend equivalents, the company offers a financial incentive for employees to perform their best and contribute to the company's long-term growth and success. Exhibits of UGI Corp. featuring the different types of the Washington Stock Option and Dividend Equivalent Plans may include: 1. Exhibit 1: Washington Stock Option Grant Agreement — An example document showcasing the terms and conditions of stock options granted to employees, including the exercise price, vesting period, and expiration date. 2. Exhibit 2: Dividend Equivalent Plan Summary — A summary of UGI Corp.'s Dividend Equivalent Plan, explaining how employees can participate and receive cash payments equivalent to dividends. 3. Exhibit 3: Employee Benefits Presentation — A visual representation or infographic highlighting the benefits of participating in the Washington Stock Option and Dividend Equivalent Plan, outlining the potential financial rewards and long-term incentives for employees. 4. Exhibit 4: UGI Corp. Annual Report — A section or excerpt from UGI Corp.'s annual report, discussing the Washington Stock Option and Dividend Equivalent Plan's impact on the company's overall performance and employee retention. By providing employees with the opportunity to own a stake in the company's success and benefit from dividend payouts, the Washington Stock Option and Dividend Equivalent Plan demonstrates UGI Corp.'s commitment to fostering a culture of shared ownership and accountability, ultimately driving employee engagement and enhancing overall company performance.

The Washington Stock Option and Dividend Equivalent Plan is a program implemented by UGI Corp., a leading global distributor and marketer of energy products and services. This plan offers employees an opportunity to participate in the company's growth and success by granting them stock options and dividend equivalents. Through this plan, UGI Corp. provides its employees with stock options, which are the right to purchase a specific number of shares of the company's stock at a predetermined price within a specified period. These stock options are typically granted as an incentive or reward for employees' contributions to the company's performance and can be exercised at a future date when their value has potentially increased. Additionally, the Dividend Equivalent Plan, also a part of the Washington Stock Option plan, grants employees the right to receive cash payments equivalent to the dividends paid on UGI Corp.'s shares. This allows employees to indirectly benefit from the company's dividend payouts, even if they do not own actual shares of stock. The Washington Stock Option and Dividend Equivalent Plan aims to align the interests of UGI Corp.'s employees with those of the company's shareholders, encouraging commitment, loyalty, and motivation among its workforce. By providing employees with stock options and dividend equivalents, the company offers a financial incentive for employees to perform their best and contribute to the company's long-term growth and success. Exhibits of UGI Corp. featuring the different types of the Washington Stock Option and Dividend Equivalent Plans may include: 1. Exhibit 1: Washington Stock Option Grant Agreement — An example document showcasing the terms and conditions of stock options granted to employees, including the exercise price, vesting period, and expiration date. 2. Exhibit 2: Dividend Equivalent Plan Summary — A summary of UGI Corp.'s Dividend Equivalent Plan, explaining how employees can participate and receive cash payments equivalent to dividends. 3. Exhibit 3: Employee Benefits Presentation — A visual representation or infographic highlighting the benefits of participating in the Washington Stock Option and Dividend Equivalent Plan, outlining the potential financial rewards and long-term incentives for employees. 4. Exhibit 4: UGI Corp. Annual Report — A section or excerpt from UGI Corp.'s annual report, discussing the Washington Stock Option and Dividend Equivalent Plan's impact on the company's overall performance and employee retention. By providing employees with the opportunity to own a stake in the company's success and benefit from dividend payouts, the Washington Stock Option and Dividend Equivalent Plan demonstrates UGI Corp.'s commitment to fostering a culture of shared ownership and accountability, ultimately driving employee engagement and enhancing overall company performance.