Harris Texas Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Harris
• 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 Harris Texas Stock Option and Dividend Equivalent Plan is an employee benefit program offered by UGI Corp., a leading energy distributor and marketer based in Pennsylvania. This plan is designed to provide eligible employees with the opportunity to purchase company stock at a predetermined price and receive dividend equivalents. Under the Harris Texas Stock Option and Dividend Equivalent Plan, employees are granted stock options, which are the right to purchase a specified number of shares of UGI Corp. stock at a specific price, termed the exercise price. These options usually have a predetermined vesting period, during which the employee must remain employed by the company to exercise the options. By purchasing stock options, employees are given an opportunity to have a stake in the company's success and growth. If the stock price increases above the exercise price, employees can exercise the options, purchase shares at the predetermined price, and sell them at the prevailing market price, thereby generating a profit. In addition to stock options, the plan also offers dividend equivalents. This means that employees receive cash payments that are equivalent to the dividends paid on actual company shares. Even if employees do not own actual shares of UGI Corp., they can still benefit from the dividends through this arrangement. The Harris Texas Stock Option and Dividend Equivalent Plan can be instrumental in attracting and retaining talented employees. It aligns the interests of the employees with those of the company's shareholders, as both parties benefit from the overall financial success of UGI Corp. There might be different types of the Harris Texas Stock Option and Dividend Equivalent Plan within UGI Corp. based on variables such as employee level, performance, and duration of employment. Some potential variations could include: 1. Executives Stock Option and Dividend Equivalent Plan: This plan could be specifically designed for top-level executives within UGI Corp., providing them with more substantial stock options and higher dividend equivalents. 2. Performance-based Stock Option and Dividend Equivalent Plan: In this type of plan, stock option grants and dividend equivalents might be tied to the employee's individual or team performance, rewarding exceptional achievements. 3. Long-term Retention Stock Option and Dividend Equivalent Plan: This plan could incentivize long-term employee loyalty, offering stock options and dividend equivalents that vest over an extended period to encourage employees to stay with the company. It is essential to review the specific plan documents and exhibits provided by UGI Corp. to obtain accurate and up-to-date information on the various types of Harris Texas Stock Option and Dividend Equivalent Plans offered by the company.

The Harris Texas Stock Option and Dividend Equivalent Plan is an employee benefit program offered by UGI Corp., a leading energy distributor and marketer based in Pennsylvania. This plan is designed to provide eligible employees with the opportunity to purchase company stock at a predetermined price and receive dividend equivalents. Under the Harris Texas Stock Option and Dividend Equivalent Plan, employees are granted stock options, which are the right to purchase a specified number of shares of UGI Corp. stock at a specific price, termed the exercise price. These options usually have a predetermined vesting period, during which the employee must remain employed by the company to exercise the options. By purchasing stock options, employees are given an opportunity to have a stake in the company's success and growth. If the stock price increases above the exercise price, employees can exercise the options, purchase shares at the predetermined price, and sell them at the prevailing market price, thereby generating a profit. In addition to stock options, the plan also offers dividend equivalents. This means that employees receive cash payments that are equivalent to the dividends paid on actual company shares. Even if employees do not own actual shares of UGI Corp., they can still benefit from the dividends through this arrangement. The Harris Texas Stock Option and Dividend Equivalent Plan can be instrumental in attracting and retaining talented employees. It aligns the interests of the employees with those of the company's shareholders, as both parties benefit from the overall financial success of UGI Corp. There might be different types of the Harris Texas Stock Option and Dividend Equivalent Plan within UGI Corp. based on variables such as employee level, performance, and duration of employment. Some potential variations could include: 1. Executives Stock Option and Dividend Equivalent Plan: This plan could be specifically designed for top-level executives within UGI Corp., providing them with more substantial stock options and higher dividend equivalents. 2. Performance-based Stock Option and Dividend Equivalent Plan: In this type of plan, stock option grants and dividend equivalents might be tied to the employee's individual or team performance, rewarding exceptional achievements. 3. Long-term Retention Stock Option and Dividend Equivalent Plan: This plan could incentivize long-term employee loyalty, offering stock options and dividend equivalents that vest over an extended period to encourage employees to stay with the company. It is essential to review the specific plan documents and exhibits provided by UGI Corp. to obtain accurate and up-to-date information on the various types of Harris Texas Stock Option and Dividend Equivalent Plans offered by the company.