Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Allegheny
• 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 Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan is a program offered by UGI Corporation, a leading energy distribution and services company based in Pennsylvania. This plan is designed to provide additional incentives for employees to participate in the company's growth and success. Under the Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan, eligible employees are granted stock options, which allow them to purchase company stock at a predetermined price, usually referred to as the strike price. These stock options give employees the opportunity to benefit from any appreciation in UGI Corp.'s stock price over time. In addition to stock options, the plan also includes a dividend equivalent component. This means that participants in the plan are entitled to a cash payment equivalent to the dividends paid out by UGI Corp. on the underlying stock. This ensures that employees can still enjoy the financial benefits of dividends, even if they do not directly hold the company's stock. The Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan aims to align the interests of employees with those of shareholders by incentivizing them to contribute to the company's overall growth and performance. By providing employees with the opportunity to become shareholders and benefiting from the dividends, this plan aims to foster a sense of ownership and encourage long-term commitment from the workforce. Exhibits of UGI Corp. that may be relevant to this plan include: 1. Allegheny Pennsylvania Stock Option Agreement: This exhibit provides detailed terms and conditions of the stock options granted to employees under the plan. It includes specifics such as the number of options granted, the strike price, and the vesting schedule. 2. Dividend Equivalent Payment Calculation: This exhibit outlines the methodology used to calculate the dividend equivalent payment for participants in the plan. It may include factors such as the dividend yield, the number of shares held, and the payment frequency. 3. Employee Communications and Education Materials: UGI Corp. may provide exhibits in the form of informational brochures, presentations, or online resources to educate employees about the Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan. These materials may explain the benefits of participating in the plan and provide guidance on how to exercise stock options or claim dividend equivalents. The Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan is just one example of UGI Corp.'s employee incentive programs, and there may be variations or additional plans tailored to specific employee groups or levels within the company. These could include plans for executives, management, or specific departments, each with their own unique terms and conditions. By implementing such programs, UGI Corp. aims to attract and retain top talent, motivate employees to contribute to the company's success, and align their interests with those of shareholders.

Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan is a program offered by UGI Corporation, a leading energy distribution and services company based in Pennsylvania. This plan is designed to provide additional incentives for employees to participate in the company's growth and success. Under the Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan, eligible employees are granted stock options, which allow them to purchase company stock at a predetermined price, usually referred to as the strike price. These stock options give employees the opportunity to benefit from any appreciation in UGI Corp.'s stock price over time. In addition to stock options, the plan also includes a dividend equivalent component. This means that participants in the plan are entitled to a cash payment equivalent to the dividends paid out by UGI Corp. on the underlying stock. This ensures that employees can still enjoy the financial benefits of dividends, even if they do not directly hold the company's stock. The Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan aims to align the interests of employees with those of shareholders by incentivizing them to contribute to the company's overall growth and performance. By providing employees with the opportunity to become shareholders and benefiting from the dividends, this plan aims to foster a sense of ownership and encourage long-term commitment from the workforce. Exhibits of UGI Corp. that may be relevant to this plan include: 1. Allegheny Pennsylvania Stock Option Agreement: This exhibit provides detailed terms and conditions of the stock options granted to employees under the plan. It includes specifics such as the number of options granted, the strike price, and the vesting schedule. 2. Dividend Equivalent Payment Calculation: This exhibit outlines the methodology used to calculate the dividend equivalent payment for participants in the plan. It may include factors such as the dividend yield, the number of shares held, and the payment frequency. 3. Employee Communications and Education Materials: UGI Corp. may provide exhibits in the form of informational brochures, presentations, or online resources to educate employees about the Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan. These materials may explain the benefits of participating in the plan and provide guidance on how to exercise stock options or claim dividend equivalents. The Allegheny Pennsylvania Stock Option and Dividend Equivalent Plan is just one example of UGI Corp.'s employee incentive programs, and there may be variations or additional plans tailored to specific employee groups or levels within the company. These could include plans for executives, management, or specific departments, each with their own unique terms and conditions. By implementing such programs, UGI Corp. aims to attract and retain top talent, motivate employees to contribute to the company's success, and align their interests with those of shareholders.