Middlesex Massachusetts Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Middlesex
• 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 Middlesex Massachusetts Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp., a publicly traded company, to its employees residing in the Middlesex County, Massachusetts area. This plan provides eligible employees with the opportunity to acquire stock options and dividend equivalents, allowing them to benefit from the financial performance and success of the company. Under the Middlesex Massachusetts Stock Option and Dividend Equivalent Plan, employees are granted the right to purchase company stocks at a predetermined price, known as the strike or exercise price. These stock options usually have a specified vesting period, during which employees must fulfill certain conditions, such as completing a predetermined length of service or achieving specific performance targets, in order to exercise their options. Once the stock options are exercised, employees can purchase the company's stock at the predetermined exercise price. If the stock price exceeds the exercise price at the time of exercise, the employee can either hold onto the purchased stock as an investment or sell it at a profit in the open market. In addition to stock options, the Middlesex Massachusetts Stock Option and Dividend Equivalent Plan also offers dividend equivalents. Dividend equivalents are a form of cash-based compensation that aims to replicate the value of dividends paid to shareholders. Employees enrolled in this plan may be granted the right to receive cash payments equivalent to the dividends paid on the company's stock. These dividend equivalents can be a valuable perk, as they allow employees to benefit from the company's dividend payments without actually owning the shares. This is particularly beneficial for employees who prefer to maintain a diversified portfolio or those who are restricted from owning company stock due to regulations or policies. Exhibits related to the Middlesex Massachusetts Stock Option and Dividend Equivalent Plan would include detailed documentation describing the terms and conditions of the plan, such as eligibility criteria, vesting schedules, exercise price determination methods, and dividend equivalent calculations. These exhibits may also include examples illustrating the potential financial benefits for employees at various stock price scenarios or dividend payment rates. While there may not be different types of Middlesex Massachusetts Stock Option and Dividend Equivalent Plans specifically named after variations in the Middlesex County area, UGI Corp. may offer multiple stock option and dividend equivalent plans targeting other geographical regions or specific employee groups within the company. These variations would likely have separate terms, conditions, and potential exhibits associated with them. In conclusion, the Middlesex Massachusetts Stock Option and Dividend Equivalent Plan offered by UGI Corp. is a compensation program that provides employees in Middlesex County, Massachusetts with stock options and dividend equivalents. This plan allows eligible employees to participate in the company's financial performance and enjoy the benefits of stock ownership and dividend payments, enhancing their overall compensation package.

Middlesex Massachusetts Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp., a publicly traded company, to its employees residing in the Middlesex County, Massachusetts area. This plan provides eligible employees with the opportunity to acquire stock options and dividend equivalents, allowing them to benefit from the financial performance and success of the company. Under the Middlesex Massachusetts Stock Option and Dividend Equivalent Plan, employees are granted the right to purchase company stocks at a predetermined price, known as the strike or exercise price. These stock options usually have a specified vesting period, during which employees must fulfill certain conditions, such as completing a predetermined length of service or achieving specific performance targets, in order to exercise their options. Once the stock options are exercised, employees can purchase the company's stock at the predetermined exercise price. If the stock price exceeds the exercise price at the time of exercise, the employee can either hold onto the purchased stock as an investment or sell it at a profit in the open market. In addition to stock options, the Middlesex Massachusetts Stock Option and Dividend Equivalent Plan also offers dividend equivalents. Dividend equivalents are a form of cash-based compensation that aims to replicate the value of dividends paid to shareholders. Employees enrolled in this plan may be granted the right to receive cash payments equivalent to the dividends paid on the company's stock. These dividend equivalents can be a valuable perk, as they allow employees to benefit from the company's dividend payments without actually owning the shares. This is particularly beneficial for employees who prefer to maintain a diversified portfolio or those who are restricted from owning company stock due to regulations or policies. Exhibits related to the Middlesex Massachusetts Stock Option and Dividend Equivalent Plan would include detailed documentation describing the terms and conditions of the plan, such as eligibility criteria, vesting schedules, exercise price determination methods, and dividend equivalent calculations. These exhibits may also include examples illustrating the potential financial benefits for employees at various stock price scenarios or dividend payment rates. While there may not be different types of Middlesex Massachusetts Stock Option and Dividend Equivalent Plans specifically named after variations in the Middlesex County area, UGI Corp. may offer multiple stock option and dividend equivalent plans targeting other geographical regions or specific employee groups within the company. These variations would likely have separate terms, conditions, and potential exhibits associated with them. In conclusion, the Middlesex Massachusetts Stock Option and Dividend Equivalent Plan offered by UGI Corp. is a compensation program that provides employees in Middlesex County, Massachusetts with stock options and dividend equivalents. This plan allows eligible employees to participate in the company's financial performance and enjoy the benefits of stock ownership and dividend payments, enhancing their overall compensation package.