Los Angeles California Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Los Angeles
• 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

Los Angeles California Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp., a leading energy distribution and services corporation. This plan is designed to provide employees with the opportunity to become shareholders of the company and receive additional benefits in the form of stock options and dividend equivalents. The Los Angeles California Stock Option and Dividend Equivalent Plan offered by UGI Corp. is divided into two main types: stock options and dividend equivalents. These options are granted to eligible employees, giving them the right to purchase company stocks at a predetermined exercise price. The exercise price is typically set at or above the market price at the time of granting. 1. Stock Options: Stock options are a key component of this plan, allowing employees to purchase UGI Corp. common stock at a specific price. This price, known as the exercise price or strike price, is determined based on various factors like market conditions, employee position, and performance. Stock options often have a vesting period, which means that employees must meet certain service conditions before they can exercise these options. 2. Dividend Equivalents: As part of the plan, UGI Corp. offers dividend equivalents to eligible employees. Dividend equivalents are not actual dividends, but rather a cash or stock payment calculated based on the dividends paid to common stock shareholders. This allows employees to receive benefits equivalent to the dividends paid on common stock, even if they don't directly own company stock. Exhibits: 1. Exhibit A: UGI Corp. Stock Option Plan Overview: This exhibit provides a comprehensive overview of the stock option plan offered by UGI Corp. It includes details about eligibility requirements, exercise prices, vesting periods, and grant sizes. 2. Exhibit B: Dividend Equivalent Payments Calculation: This exhibit outlines the methodology used by UGI Corp. to calculate dividend equivalents. It includes the formula and factors considered in determining the cash or stock payment to eligible employees. 3. Exhibit C: Employee Testimonials: In this exhibit, UGI Corp. presents testimonials from employees who have participated in the Los Angeles California Stock Option and Dividend Equivalent Plan. These testimonials highlight the benefits and positive experiences employees have gained through the program. 4. Exhibit D: Performance Metrics and Criteria: This exhibit outlines the performance metrics and criteria used by UGI Corp. to assess employee eligibility for stock options and dividend equivalents. It explains the factors considered, such as individual performance, team goals, and business performance indicators. 5. Exhibit E: Sample Exercise and Dividend Payment Calculations: This exhibit provides examples of hypothetical exercise scenarios and corresponding dividend equivalent payments. It demonstrates how the stock option plan and dividend equivalents can potentially impact an employee's overall compensation. In summary, the Los Angeles California Stock Option and Dividend Equivalent Plan offered by UGI Corp. aims to incentivize and reward employees by granting them stock options and dividend equivalents. These benefits provide employees with financial opportunities and align their interests with the long-term success of the company.