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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Stock Option and Dividend Equivalent Plan is an employee benefit plan offered by UGI Corp., a leading global distributor and marketer of energy products and services. This plan allows eligible employees to purchase stock options and receive dividend equivalent payments. The Franklin Ohio Stock Option and Dividend Equivalent Plan is designed to incentivize and reward employees for their contributions to the company's success. By offering stock options, employees have the opportunity to purchase UGI Corp.'s common stock at a predetermined price, known as the exercise price. There are two types of stock options available under this plan: non-qualified stock options (Nests) and incentive stock options (SOS). Non-qualified stock options are more commonly offered and provide employees with flexibility in terms of exercising their options. Incentive stock options, on the other hand, come with certain tax advantages but also have stricter rules and limitations. In addition to stock options, the plan also offers dividend equivalent payments. These payments are made to eligible participants and are equivalent to the dividends paid on UGI Corp.'s common stock. Although participants do not actually own the stock, they receive cash payments as if they held the shares, providing them with a passive income stream. Exhibits of UGI Corp. related to the Franklin Ohio Stock Option and Dividend Equivalent Plan may include: 1. Plan documents: Detailed documents outlining the terms and conditions of the plan, including eligibility criteria, exercise price, vesting schedule, and other important provisions. 2. Financial statements: Exhibits showcasing the financial impact of the plan on UGI Corp.'s financial statements, including any expenses or liabilities associated with stock options and dividend equivalent payments. 3. Stock option agreements: Sample agreements illustrating the terms and conditions of stock options granted to employees. 4. Dividend equivalent payment calculations: Examples of how dividend equivalent payments are calculated based on the dividends declared by UGI Corp. 5. Employee communications: Exhibits of communication materials provided to employees, such as brochures or memos, explaining the benefits and mechanics of the plan. The Franklin Ohio Stock Option and Dividend Equivalent Plan demonstrates UGI Corp.'s commitment to fostering employee ownership and aligning employee interests with shareholders' interests. It allows employees to share in the company's success while providing a unique opportunity to invest in UGI Corp.'s growth potential.

Franklin Ohio Stock Option and Dividend Equivalent Plan is an employee benefit plan offered by UGI Corp., a leading global distributor and marketer of energy products and services. This plan allows eligible employees to purchase stock options and receive dividend equivalent payments. The Franklin Ohio Stock Option and Dividend Equivalent Plan is designed to incentivize and reward employees for their contributions to the company's success. By offering stock options, employees have the opportunity to purchase UGI Corp.'s common stock at a predetermined price, known as the exercise price. There are two types of stock options available under this plan: non-qualified stock options (Nests) and incentive stock options (SOS). Non-qualified stock options are more commonly offered and provide employees with flexibility in terms of exercising their options. Incentive stock options, on the other hand, come with certain tax advantages but also have stricter rules and limitations. In addition to stock options, the plan also offers dividend equivalent payments. These payments are made to eligible participants and are equivalent to the dividends paid on UGI Corp.'s common stock. Although participants do not actually own the stock, they receive cash payments as if they held the shares, providing them with a passive income stream. Exhibits of UGI Corp. related to the Franklin Ohio Stock Option and Dividend Equivalent Plan may include: 1. Plan documents: Detailed documents outlining the terms and conditions of the plan, including eligibility criteria, exercise price, vesting schedule, and other important provisions. 2. Financial statements: Exhibits showcasing the financial impact of the plan on UGI Corp.'s financial statements, including any expenses or liabilities associated with stock options and dividend equivalent payments. 3. Stock option agreements: Sample agreements illustrating the terms and conditions of stock options granted to employees. 4. Dividend equivalent payment calculations: Examples of how dividend equivalent payments are calculated based on the dividends declared by UGI Corp. 5. Employee communications: Exhibits of communication materials provided to employees, such as brochures or memos, explaining the benefits and mechanics of the plan. The Franklin Ohio Stock Option and Dividend Equivalent Plan demonstrates UGI Corp.'s commitment to fostering employee ownership and aligning employee interests with shareholders' interests. It allows employees to share in the company's success while providing a unique opportunity to invest in UGI Corp.'s growth potential.