Contra Costa California Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa is a county located in the state of California. It is home to many notable companies and organizations, including UGI Corp., a leading energy distribution and services company. UGI Corp. offers its employees a unique opportunity to participate in the Contra Costa California Stock Option and Dividend Equivalent Plan. The Contra Costa California Stock Option and Dividend Equivalent Plan is a voluntary program that enables eligible employees of UGI Corp. to acquire company stocks and receive dividend equivalents. It is a rewarding initiative that allows employees to become owners in the company and benefit from its success. By participating in the Stock Option component of the plan, employees are granted the right to purchase UGI Corp. stock at a predetermined price, referred to as the exercise price. This price is usually set below the market value of the stock, providing employees with a discount and an opportunity for potential gains in the future. Employees typically have a specific period within which they can exercise these options. Moreover, the Dividend Equivalent component of the plan offers participants the chance to earn dividend equivalents on invested Restricted Stock Units (RSS) they hold. Dividend equivalents represent the cash equivalent value of dividends that would have been paid if the RSS had been converted into actual shares of UGI Corp. stock. These equivalents are credited to the employee's account and may accrue interest or other agreed-upon benefits until the RSS vest. By granting employees the ability to participate in the Contra Costa California Stock Option and Dividend Equivalent Plan, UGI Corp. aims to incentivize and retain talented individuals who contribute to the company's growth and success. This plan aligns the interests of employees with those of UGI Corp.'s shareholders, fostering a sense of ownership and positive engagement. Exhibits illustrating the Contra Costa California Stock Option and Dividend Equivalent Plan may include: 1. Sample Stock Option Agreement: This exhibit presents a typical agreement outlining the terms and conditions of the stock options granted to employees, including the exercise price, vesting schedule, and expiration date. 2. Dividend Equivalent Calculation Example: This exhibit illustrates how dividend equivalents are calculated based on the hypothetical amount of dividends and the employee's RSU holdings. It provides an example of how the accrual of dividend equivalents occurs over time. 3. Employee Testimonials: These exhibits could feature quotes or testimonials from UGI Corp. employees who have participated in the Stock Option and Dividend Equivalent Plan. These testimonials could highlight the benefits they've experienced, such as financial growth, increased motivation, and a stronger connection to the company. In summary, the Contra Costa California Stock Option and Dividend Equivalent Plan offered by UGI Corp. presents an enticing opportunity for employees to become owners and benefit from the company's success. By stimulating employee engagement and aligning their interests with those of shareholders, UGI Corp. aims to cultivate a workforce that is motivated, committed, and invested in the company's long-term growth.

Contra Costa is a county located in the state of California. It is home to many notable companies and organizations, including UGI Corp., a leading energy distribution and services company. UGI Corp. offers its employees a unique opportunity to participate in the Contra Costa California Stock Option and Dividend Equivalent Plan. The Contra Costa California Stock Option and Dividend Equivalent Plan is a voluntary program that enables eligible employees of UGI Corp. to acquire company stocks and receive dividend equivalents. It is a rewarding initiative that allows employees to become owners in the company and benefit from its success. By participating in the Stock Option component of the plan, employees are granted the right to purchase UGI Corp. stock at a predetermined price, referred to as the exercise price. This price is usually set below the market value of the stock, providing employees with a discount and an opportunity for potential gains in the future. Employees typically have a specific period within which they can exercise these options. Moreover, the Dividend Equivalent component of the plan offers participants the chance to earn dividend equivalents on invested Restricted Stock Units (RSS) they hold. Dividend equivalents represent the cash equivalent value of dividends that would have been paid if the RSS had been converted into actual shares of UGI Corp. stock. These equivalents are credited to the employee's account and may accrue interest or other agreed-upon benefits until the RSS vest. By granting employees the ability to participate in the Contra Costa California Stock Option and Dividend Equivalent Plan, UGI Corp. aims to incentivize and retain talented individuals who contribute to the company's growth and success. This plan aligns the interests of employees with those of UGI Corp.'s shareholders, fostering a sense of ownership and positive engagement. Exhibits illustrating the Contra Costa California Stock Option and Dividend Equivalent Plan may include: 1. Sample Stock Option Agreement: This exhibit presents a typical agreement outlining the terms and conditions of the stock options granted to employees, including the exercise price, vesting schedule, and expiration date. 2. Dividend Equivalent Calculation Example: This exhibit illustrates how dividend equivalents are calculated based on the hypothetical amount of dividends and the employee's RSU holdings. It provides an example of how the accrual of dividend equivalents occurs over time. 3. Employee Testimonials: These exhibits could feature quotes or testimonials from UGI Corp. employees who have participated in the Stock Option and Dividend Equivalent Plan. These testimonials could highlight the benefits they've experienced, such as financial growth, increased motivation, and a stronger connection to the company. In summary, the Contra Costa California Stock Option and Dividend Equivalent Plan offered by UGI Corp. presents an enticing opportunity for employees to become owners and benefit from the company's success. By stimulating employee engagement and aligning their interests with those of shareholders, UGI Corp. aims to cultivate a workforce that is motivated, committed, and invested in the company's long-term growth.