Cuyahoga Ohio Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Stock Option and Dividend Equivalent Plan, also known as the Cuyahoga Plan, is a corporate benefit program offered by UGI Corporation. This plan allows eligible employees of UGI Corp., a leading energy distribution and services company, to acquire stock options and earn dividend equivalents based on their stock holdings. The plan aims to reward employees for their contribution to the company's success and align their interests with those of UGI Corp.'s shareholders. Through the Cuyahoga Plan, eligible employees are granted the option to purchase shares of UGI Corp. stock at a predetermined price, known as the exercise price. These options provide employees with the opportunity to benefit from any increase in UGI Corp.'s stock price over time. Employees may exercise their stock options at a future date, typically after a specified vesting period, and enjoy potential financial gains if the stock price has appreciated. Moreover, the Cuyahoga Plan offers participants the opportunity to receive dividend equivalents. Dividend equivalents are additional cash payments granted to employees, equivalent to the dividends distributed to UGI Corp. shareholders during particular periods. This feature enables eligible employees to enjoy the benefits of dividend payments as if they were shareholders, further aligning their interests with those of UGI Corp. Exhibits of UGI Corp.'s Cuyahoga Ohio Stock Option and Dividend Equivalent Plan may include: 1. Plan Documentation: This typically comprises the official plan documents that outline the terms and conditions of the Cuyahoga Plan. It includes information such as eligibility criteria, vesting schedules, exercise prices, and dividend equivalent calculations. 2. Employee Handbook: Exhibits may consist of sections or excerpts from UGI Corp.'s employee handbook that detail the benefits and features of the Cuyahoga Plan. This helps employees understand how the plan operates and how they can participate. 3. Corporate Presentations: UGI Corp. may create visual presentations or slides containing information on the Cuyahoga Plan, including its objectives, benefits, and any updates or changes made over time. These exhibits can provide an overview of the plan to employees and stakeholders. 4. Individual Grant Notices: Exhibits may also include individual grant notices provided to eligible employees, specifying the details of their stock options and dividend equivalent entitlements. These notices typically include essential information such as the number of options granted, vesting dates, exercise prices, and dividend equivalent payments. Different variations or types of the Cuyahoga Ohio Stock Option and Dividend Equivalent Plan may exist depending on UGI Corp.'s specific policies and any modifications made over time. These variations may arise from changes in vesting schedules, exercise periods, dividend equivalent calculations, or other plan features tailored to the needs of different employee groups or specific situations within the company. Overall, the Cuyahoga Ohio Stock Option and Dividend Equivalent Plan offered by UGI Corp. aims to provide eligible employees with an additional financial incentive by granting them the opportunity to acquire stock options and receive dividend equivalents. These elements help align employees' interests with the company's success, fostering a sense of ownership and motivation among participants.

The Cuyahoga Ohio Stock Option and Dividend Equivalent Plan, also known as the Cuyahoga Plan, is a corporate benefit program offered by UGI Corporation. This plan allows eligible employees of UGI Corp., a leading energy distribution and services company, to acquire stock options and earn dividend equivalents based on their stock holdings. The plan aims to reward employees for their contribution to the company's success and align their interests with those of UGI Corp.'s shareholders. Through the Cuyahoga Plan, eligible employees are granted the option to purchase shares of UGI Corp. stock at a predetermined price, known as the exercise price. These options provide employees with the opportunity to benefit from any increase in UGI Corp.'s stock price over time. Employees may exercise their stock options at a future date, typically after a specified vesting period, and enjoy potential financial gains if the stock price has appreciated. Moreover, the Cuyahoga Plan offers participants the opportunity to receive dividend equivalents. Dividend equivalents are additional cash payments granted to employees, equivalent to the dividends distributed to UGI Corp. shareholders during particular periods. This feature enables eligible employees to enjoy the benefits of dividend payments as if they were shareholders, further aligning their interests with those of UGI Corp. Exhibits of UGI Corp.'s Cuyahoga Ohio Stock Option and Dividend Equivalent Plan may include: 1. Plan Documentation: This typically comprises the official plan documents that outline the terms and conditions of the Cuyahoga Plan. It includes information such as eligibility criteria, vesting schedules, exercise prices, and dividend equivalent calculations. 2. Employee Handbook: Exhibits may consist of sections or excerpts from UGI Corp.'s employee handbook that detail the benefits and features of the Cuyahoga Plan. This helps employees understand how the plan operates and how they can participate. 3. Corporate Presentations: UGI Corp. may create visual presentations or slides containing information on the Cuyahoga Plan, including its objectives, benefits, and any updates or changes made over time. These exhibits can provide an overview of the plan to employees and stakeholders. 4. Individual Grant Notices: Exhibits may also include individual grant notices provided to eligible employees, specifying the details of their stock options and dividend equivalent entitlements. These notices typically include essential information such as the number of options granted, vesting dates, exercise prices, and dividend equivalent payments. Different variations or types of the Cuyahoga Ohio Stock Option and Dividend Equivalent Plan may exist depending on UGI Corp.'s specific policies and any modifications made over time. These variations may arise from changes in vesting schedules, exercise periods, dividend equivalent calculations, or other plan features tailored to the needs of different employee groups or specific situations within the company. Overall, the Cuyahoga Ohio Stock Option and Dividend Equivalent Plan offered by UGI Corp. aims to provide eligible employees with an additional financial incentive by granting them the opportunity to acquire stock options and receive dividend equivalents. These elements help align employees' interests with the company's success, fostering a sense of ownership and motivation among participants.