Philadelphia Pennsylvania Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Philadelphia
• 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 Title: Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan: A Comprehensive Overview of UGI Corp. with Exhibits Introduction: The Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan of UGI Corp. provide employees with the opportunity to participate in the company's growth and success. This article aims to provide a detailed description of the plan, including its various types, benefits, eligibility criteria, and exhibits from UGI Corp. 1. Understanding the Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan: a. Definition: The Stock Option and Dividend Equivalent Plan is an employee benefit program that grants individuals the right to purchase company stock at a predetermined price (stock options) and receive cash equivalent to dividends paid on company shares (dividend equivalents). b. Purpose: The plan aligns employee interests with corporate growth, incentivizing employees to contribute to long-term value creation and participate in the company's success. 2. Types of Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan: a. Restricted Stock Units (RSS): RSS are company shares granted to employees, which become fully transferable after a specific vesting period. b. Stock Appreciation Rights (SARS): SARS provide employees with an equivalent cash value based on the appreciation of company stock, without requiring the actual ownership of shares. c. Employee Stock Purchase Plan (ESPN): ESPN allows employees to purchase company shares at a discounted price, typically through payroll deductions. 3. Benefits and Features of the Stock Option and Dividend Equivalent Plan: a. Wealth Accumulation: By participating in the plan, employees have an opportunity to accumulate wealth through the potential appreciation of company stock. b. Incentivized Performance: The plan motivates employees to achieve performance targets, enhance productivity, and contribute to the long-term success of UGI Corp. c. Employee Ownership: Stock options and dividend equivalents foster a sense of ownership, aligning employees' interests with shareholders and promoting a collaborative work environment. 4. Eligibility and Participation: a. Eligible Employees: The plan typically extends to all full-time employees of UGI Corp., subject to certain conditions, such as minimum service requirements or performance criteria. b. Participation Process: Eligible employees are granted stock options or dividend equivalents based on predefined allocation criteria and vesting schedules. Further details can be found in the exhibits provided by UGI Corp. Exhibits: Exhibit A: Sample Stock Option Agreement — Demonstrating the terms and conditions for stock option grants within the plan. Exhibit B: Dividend Equivalent Calculation Example — Illustrating the computation of cash equivalents received based on dividends paid on company shares. Exhibit C: Vesting Schedule and Eligibility Criteria — Outlining the specific conditions for stock option or dividend equivalent allocations and vesting timeframes within UGI Corp. Conclusion: The Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan of UGI Corp. provide employees with an opportunity to participate in the company's growth, accumulate wealth, and foster a sense of ownership. By offering various types of grants like RSS, SARS, and ESPN, UGI Corp. motivates employees to contribute to the long-term success of the organization. Through the exhibits provided, individuals can gain a comprehensive understanding of the plan's terms, eligibility criteria, and allocation processes.

Title: Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan: A Comprehensive Overview of UGI Corp. with Exhibits Introduction: The Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan of UGI Corp. provide employees with the opportunity to participate in the company's growth and success. This article aims to provide a detailed description of the plan, including its various types, benefits, eligibility criteria, and exhibits from UGI Corp. 1. Understanding the Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan: a. Definition: The Stock Option and Dividend Equivalent Plan is an employee benefit program that grants individuals the right to purchase company stock at a predetermined price (stock options) and receive cash equivalent to dividends paid on company shares (dividend equivalents). b. Purpose: The plan aligns employee interests with corporate growth, incentivizing employees to contribute to long-term value creation and participate in the company's success. 2. Types of Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan: a. Restricted Stock Units (RSS): RSS are company shares granted to employees, which become fully transferable after a specific vesting period. b. Stock Appreciation Rights (SARS): SARS provide employees with an equivalent cash value based on the appreciation of company stock, without requiring the actual ownership of shares. c. Employee Stock Purchase Plan (ESPN): ESPN allows employees to purchase company shares at a discounted price, typically through payroll deductions. 3. Benefits and Features of the Stock Option and Dividend Equivalent Plan: a. Wealth Accumulation: By participating in the plan, employees have an opportunity to accumulate wealth through the potential appreciation of company stock. b. Incentivized Performance: The plan motivates employees to achieve performance targets, enhance productivity, and contribute to the long-term success of UGI Corp. c. Employee Ownership: Stock options and dividend equivalents foster a sense of ownership, aligning employees' interests with shareholders and promoting a collaborative work environment. 4. Eligibility and Participation: a. Eligible Employees: The plan typically extends to all full-time employees of UGI Corp., subject to certain conditions, such as minimum service requirements or performance criteria. b. Participation Process: Eligible employees are granted stock options or dividend equivalents based on predefined allocation criteria and vesting schedules. Further details can be found in the exhibits provided by UGI Corp. Exhibits: Exhibit A: Sample Stock Option Agreement — Demonstrating the terms and conditions for stock option grants within the plan. Exhibit B: Dividend Equivalent Calculation Example — Illustrating the computation of cash equivalents received based on dividends paid on company shares. Exhibit C: Vesting Schedule and Eligibility Criteria — Outlining the specific conditions for stock option or dividend equivalent allocations and vesting timeframes within UGI Corp. Conclusion: The Philadelphia, Pennsylvania Stock Option and Dividend Equivalent Plan of UGI Corp. provide employees with an opportunity to participate in the company's growth, accumulate wealth, and foster a sense of ownership. By offering various types of grants like RSS, SARS, and ESPN, UGI Corp. motivates employees to contribute to the long-term success of the organization. Through the exhibits provided, individuals can gain a comprehensive understanding of the plan's terms, eligibility criteria, and allocation processes.