Clark Nevada Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Clark
• 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 Clark Nevada Stock Option and Dividend Equivalent Plan (CNSMDP) is a compensation plan offered by UGI Corp., a leading energy distributor and provider of propane, natural gas, and electricity services. This plan provides employees with stock options and dividend equivalent units as a part of their overall compensation package. 1. Clark Nevada Stock Option Plan (CN SOP): The CN SOP is a type of employee benefit plan that grants eligible employees the right to purchase UGI Corp. common stock at a predetermined price, known as the strike or exercise price. The stock options are typically awarded as an incentive to motivate employees and align their interests with the company's long-term success. By purchasing these shares, employees can potentially benefit from any increase in UGI Corp.'s stock price over time. 2. Clark Nevada Dividend Equivalent Plan (CNDP): The CNDP is designed to provide eligible employees with additional compensation based on the dividends paid by UGI Corp. Rather than directly receiving dividends, participants in the plan are granted dividend equivalent units (Zeus) that mirror the cash value of the dividends paid on UGI Corp. common stock. The Zeus may accrue interest or be reinvested until employees become eligible to receive payments. Exhibits associated with UGI Corp.'s CNSMDP may include: 1. Clark Nevada Stock Option Agreement: This exhibit outlines the terms and conditions of participation in the CN SOP, including the number of stock options awarded, the exercise price, vesting schedule, and expiration date of the options. It also includes provisions related to the possible termination or modification of the plan. 2. Clark Nevada Dividend Equivalent Plan Summary: This exhibit provides a summary of the key features of the CNDP, such as the eligibility criteria, accrual method, dividend reinvestment options, and payment terms. It may also include examples or scenarios to illustrate how the plan works in practice. 3. UGI Corp. Financial Reports: These exhibits include UGI Corp.'s financial statements, particularly the income statement and balance sheet, to highlight the impact of the CNSMDP on the company's financials. This information is important for investors and stakeholders to assess the potential dilution caused by stock option exercises and the impact of dividend equivalents on the company's cash flow. 4. Employee Communication Materials: Exhibits may include employee communications, such as brochures, presentations, or online resources, which provide detailed information about the CNSMDP, its rules, and how employees can manage their stock options and dividend equivalents through designated platforms or portals. In summary, the Clark Nevada Stock Option and Dividend Equivalent Plan offered by UGI Corp. provides employees with opportunities to participate in the company's growth through stock options and dividend equivalent units. These exhibits and documents shed light on the underlying details, rules, and impact of the plan, ensuring transparency and clarity for all participants.

Clark Nevada Stock Option and Dividend Equivalent Plan (CNSMDP) is a compensation plan offered by UGI Corp., a leading energy distributor and provider of propane, natural gas, and electricity services. This plan provides employees with stock options and dividend equivalent units as a part of their overall compensation package. 1. Clark Nevada Stock Option Plan (CN SOP): The CN SOP is a type of employee benefit plan that grants eligible employees the right to purchase UGI Corp. common stock at a predetermined price, known as the strike or exercise price. The stock options are typically awarded as an incentive to motivate employees and align their interests with the company's long-term success. By purchasing these shares, employees can potentially benefit from any increase in UGI Corp.'s stock price over time. 2. Clark Nevada Dividend Equivalent Plan (CNDP): The CNDP is designed to provide eligible employees with additional compensation based on the dividends paid by UGI Corp. Rather than directly receiving dividends, participants in the plan are granted dividend equivalent units (Zeus) that mirror the cash value of the dividends paid on UGI Corp. common stock. The Zeus may accrue interest or be reinvested until employees become eligible to receive payments. Exhibits associated with UGI Corp.'s CNSMDP may include: 1. Clark Nevada Stock Option Agreement: This exhibit outlines the terms and conditions of participation in the CN SOP, including the number of stock options awarded, the exercise price, vesting schedule, and expiration date of the options. It also includes provisions related to the possible termination or modification of the plan. 2. Clark Nevada Dividend Equivalent Plan Summary: This exhibit provides a summary of the key features of the CNDP, such as the eligibility criteria, accrual method, dividend reinvestment options, and payment terms. It may also include examples or scenarios to illustrate how the plan works in practice. 3. UGI Corp. Financial Reports: These exhibits include UGI Corp.'s financial statements, particularly the income statement and balance sheet, to highlight the impact of the CNSMDP on the company's financials. This information is important for investors and stakeholders to assess the potential dilution caused by stock option exercises and the impact of dividend equivalents on the company's cash flow. 4. Employee Communication Materials: Exhibits may include employee communications, such as brochures, presentations, or online resources, which provide detailed information about the CNSMDP, its rules, and how employees can manage their stock options and dividend equivalents through designated platforms or portals. In summary, the Clark Nevada Stock Option and Dividend Equivalent Plan offered by UGI Corp. provides employees with opportunities to participate in the company's growth through stock options and dividend equivalent units. These exhibits and documents shed light on the underlying details, rules, and impact of the plan, ensuring transparency and clarity for all participants.