King Washington Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: King
• 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 King Washington Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corporation, a leading energy distribution and services company. This plan allows eligible employees to purchase company stock at a predetermined price or receive cash payments equivalent to dividends. UGI Corp. offers several types of Stock Option and Dividend Equivalent Plans under the King Washington program: 1. Employee Stock Option Plan: — This plan grants eligible employees the right to purchase UGI Corp. stock at a specified price, known as the exercise price or strike price. The options may have a vesting period, after which employees can exercise them. 2. Dividend Equivalent Plan: — Employees participating in this plan are entitled to receive cash payments equal to the dividends paid on UGI Corp. common stock. These payments are typically made in addition to regular salary and compensation. 3. Restricted Stock Option Plan: — This plan provides eligible employees with a specific number of UGI Corp. shares, subject to certain restrictions. The stock may be subject to a vesting period or performance conditions that must be met before recipients can fully own the shares. 4. Performance Stock Option Plan: — Under this plan, employees receive stock options linked to the company's performance metrics. The options are granted based on predefined goals, such as revenue growth or earnings targets. The number of options awarded depends on the level of achievement. Exhibits included in UGI Corp.'s King Washington Stock Option and Dividend Equivalent Plan may comprise: 1. Program Overview: — Provides a comprehensive description of the plan, including eligibility criteria, participation guidelines, and key features. 2. Stock Option Grant Agreement: — Outlines the terms and conditions associated with stock options, including vesting schedules, exercise prices, expiration dates, and any post-employment exercise period. 3. Dividend Equivalent Agreement: — Details the provisions for cash payments equivalent to dividends, such as timing, eligibility requirements, and methods of payment. 4. Summary of Plan Benefits: — Summarizes the potential advantages and benefits of participating in the Stock Option and Dividend Equivalent Plan. 5. Financial Statements: — Offers relevant financial information related to the plan, such as dividends paid, outstanding stock options, and the impact on the company's financial position. 6. Plan Administration and Compliance: — Outlines the administrative procedures, including record-keeping, disclosure requirements, and compliance with tax and regulatory policies. Overall, the King Washington Stock Option and Dividend Equivalent Plan offered by UGI Corp. provides eligible employees with opportunities to own company stock and benefit from its performance through stock options and cash payments equivalent to dividends. This incentivizes employee loyalty, long-term commitment, and alignment with corporate goals.

The King Washington Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corporation, a leading energy distribution and services company. This plan allows eligible employees to purchase company stock at a predetermined price or receive cash payments equivalent to dividends. UGI Corp. offers several types of Stock Option and Dividend Equivalent Plans under the King Washington program: 1. Employee Stock Option Plan: — This plan grants eligible employees the right to purchase UGI Corp. stock at a specified price, known as the exercise price or strike price. The options may have a vesting period, after which employees can exercise them. 2. Dividend Equivalent Plan: — Employees participating in this plan are entitled to receive cash payments equal to the dividends paid on UGI Corp. common stock. These payments are typically made in addition to regular salary and compensation. 3. Restricted Stock Option Plan: — This plan provides eligible employees with a specific number of UGI Corp. shares, subject to certain restrictions. The stock may be subject to a vesting period or performance conditions that must be met before recipients can fully own the shares. 4. Performance Stock Option Plan: — Under this plan, employees receive stock options linked to the company's performance metrics. The options are granted based on predefined goals, such as revenue growth or earnings targets. The number of options awarded depends on the level of achievement. Exhibits included in UGI Corp.'s King Washington Stock Option and Dividend Equivalent Plan may comprise: 1. Program Overview: — Provides a comprehensive description of the plan, including eligibility criteria, participation guidelines, and key features. 2. Stock Option Grant Agreement: — Outlines the terms and conditions associated with stock options, including vesting schedules, exercise prices, expiration dates, and any post-employment exercise period. 3. Dividend Equivalent Agreement: — Details the provisions for cash payments equivalent to dividends, such as timing, eligibility requirements, and methods of payment. 4. Summary of Plan Benefits: — Summarizes the potential advantages and benefits of participating in the Stock Option and Dividend Equivalent Plan. 5. Financial Statements: — Offers relevant financial information related to the plan, such as dividends paid, outstanding stock options, and the impact on the company's financial position. 6. Plan Administration and Compliance: — Outlines the administrative procedures, including record-keeping, disclosure requirements, and compliance with tax and regulatory policies. Overall, the King Washington Stock Option and Dividend Equivalent Plan offered by UGI Corp. provides eligible employees with opportunities to own company stock and benefit from its performance through stock options and cash payments equivalent to dividends. This incentivizes employee loyalty, long-term commitment, and alignment with corporate goals.