Cook Illinois Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cook
• 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 Cook Illinois Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp., a leading energy distribution and services company. This plan allows eligible employees to acquire company stock options or receive dividend equivalents based on their ownership of vested restricted stock units (RSS). The Cook Illinois Stock Option and Dividend Equivalent Plan is designed to reward and motivate employees by providing them with a potential stake in the company's growth and success. The plan offers two key components: 1. Stock Option Plan: The Stock Option Plan allows eligible employees to purchase UGI Corp. stock at a predetermined price, known as the exercise price, within a specified period. This plan offers employees the opportunity to acquire company stock at a potentially discounted price, giving them a chance to participate in the company's long-term value appreciation. Stock options typically have a vesting period, allowing employees to exercise their options gradually over time. The exercise price is determined based on the fair market value of UGI Corp. stock on the grant date. 2. Dividend Equivalent Plan: The Dividend Equivalent Plan provides eligible employees with the opportunity to receive cash payments equivalent to the dividends paid on UGI Corp. stock. This plan aims to align the interests of employees with those of the shareholders by providing them with a portion of the benefits associated with stock ownership. The dividend equivalents are calculated based on the number of vested RSS held by the employee. These cash payments are subject to applicable taxes and are typically made at the same time as actual dividends are paid to UGI Corp. shareholders. UGI Corp. may offer different variants or modifications of the Cook Illinois Stock Option and Dividend Equivalent Plan to meet the specific needs of its workforce. These variants may include: 1. Performance-Based Stock Options: In some cases, UGI Corp. may offer stock options that are tied to specific performance goals or metrics. This ensures that employees are rewarded based on the company's overall performance and their individual contributions. 2. Restricted Stock Awards: UGI Corp. may also grant restricted stock awards to employees as part of the Cook Illinois Stock Option and Dividend Equivalent Plan. These awards involve granting employees actual company stock rather than options. The stock is usually subject to vesting requirements and may be forfeited if certain conditions, such as continued employment or achievement of performance goals, are not met. By implementing the Cook Illinois Stock Option and Dividend Equivalent Plan, UGI Corp. aims to attract, retain, and motivate talented individuals who contribute to the company's growth and success. This plan aligns the interests of employees with those of shareholders and encourages long-term commitment to the company's objectives.

Cook Illinois Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp., a leading energy distribution and services company. This plan allows eligible employees to acquire company stock options or receive dividend equivalents based on their ownership of vested restricted stock units (RSS). The Cook Illinois Stock Option and Dividend Equivalent Plan is designed to reward and motivate employees by providing them with a potential stake in the company's growth and success. The plan offers two key components: 1. Stock Option Plan: The Stock Option Plan allows eligible employees to purchase UGI Corp. stock at a predetermined price, known as the exercise price, within a specified period. This plan offers employees the opportunity to acquire company stock at a potentially discounted price, giving them a chance to participate in the company's long-term value appreciation. Stock options typically have a vesting period, allowing employees to exercise their options gradually over time. The exercise price is determined based on the fair market value of UGI Corp. stock on the grant date. 2. Dividend Equivalent Plan: The Dividend Equivalent Plan provides eligible employees with the opportunity to receive cash payments equivalent to the dividends paid on UGI Corp. stock. This plan aims to align the interests of employees with those of the shareholders by providing them with a portion of the benefits associated with stock ownership. The dividend equivalents are calculated based on the number of vested RSS held by the employee. These cash payments are subject to applicable taxes and are typically made at the same time as actual dividends are paid to UGI Corp. shareholders. UGI Corp. may offer different variants or modifications of the Cook Illinois Stock Option and Dividend Equivalent Plan to meet the specific needs of its workforce. These variants may include: 1. Performance-Based Stock Options: In some cases, UGI Corp. may offer stock options that are tied to specific performance goals or metrics. This ensures that employees are rewarded based on the company's overall performance and their individual contributions. 2. Restricted Stock Awards: UGI Corp. may also grant restricted stock awards to employees as part of the Cook Illinois Stock Option and Dividend Equivalent Plan. These awards involve granting employees actual company stock rather than options. The stock is usually subject to vesting requirements and may be forfeited if certain conditions, such as continued employment or achievement of performance goals, are not met. By implementing the Cook Illinois Stock Option and Dividend Equivalent Plan, UGI Corp. aims to attract, retain, and motivate talented individuals who contribute to the company's growth and success. This plan aligns the interests of employees with those of shareholders and encourages long-term commitment to the company's objectives.