Phoenix Arizona Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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: Understanding the Phoenix Arizona Stock Option and Dividend Equivalent Plan by UGI Corp Introduction: The Phoenix Arizona Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp, a renowned company in the energy sector. This detailed description provides insights into the different types of plans offered under the scheme, highlighting their benefits and key features. Please find accompanying exhibits showcasing the implementation and performance of UGI Corp's Stock Option and Dividend Equivalent Plan. Exhibit 1: Phoenix Arizona Stock Option Plan The Phoenix Arizona Stock Option Plan is a key component of UGI Corp's compensation package, aimed at attracting and retaining talented individuals. Under this plan, eligible employees are granted the right to purchase UGI Corp's stock at a predetermined price, typically known as the exercise or strike price. The plan encourages employee ownership, aligning their interests with the long-term growth of the company. Exhibit 2: Phoenix Arizona Dividend Equivalent Plan The Phoenix Arizona Dividend Equivalent Plan complements the Stock Option Plan by offering employees the opportunity to mimic the benefits of stock ownership without direct share ownership. When employees exercise their stock options, they receive dividend equivalent units (Zeus) instead of actual stock. These Zeus represent the cash value that would have been received if the employee had held real shares and received dividends. This plan allows employees to participate in the company's success by indirectly enjoying regular dividends. Exhibit 3: Stock Option and Dividend Equivalent Plan Integration UGI Corp's Stock Option and Dividend Equivalent Plans are often integrated to provide a comprehensive compensation package. Eligible employees can benefit from both plans as they exercise their stock options and receive Zeus simultaneously. The integration enhances the value of the overall compensation package, fostering a sense of ownership and loyalty among employees. Exhibit 4: Key Benefits of the Phoenix Arizona Stock Option and Dividend Equivalent Plan a) Retention and Attraction: By aligning employee interests with stock performance, the plan serves as a powerful tool to attract and retain talented individuals who are motivated by in-depth company involvement and potential financial gains. b) Long-Term Focus: The plans encourage a long-term perspective, as employees generally need to wait for a prescribed vesting period before exercising their stock options or receiving Zeus. c) Reward Performance: As stock prices increase, employees can benefit from the rise in value. This cultivates a performance-driven culture where success is celebrated and rewarded. d) Wealth Accumulation: UGI Corp's Stock Option Plan allows employees to accumulate wealth over time as stock prices appreciate, contributing to their financial stability and future goals. Conclusion: UGI Corp's Phoenix Arizona Stock Option and Dividend Equivalent Plan offer a comprehensive compensation package, combining stock ownership opportunities with dividend equivalent benefits. By fostering a sense of ownership, aligning interests, and rewarding performance, UGI Corp aims to attract and retain talented individuals, while also helping employees accumulate wealth in the long run.

Title: Understanding the Phoenix Arizona Stock Option and Dividend Equivalent Plan by UGI Corp Introduction: The Phoenix Arizona Stock Option and Dividend Equivalent Plan is a compensation program offered by UGI Corp, a renowned company in the energy sector. This detailed description provides insights into the different types of plans offered under the scheme, highlighting their benefits and key features. Please find accompanying exhibits showcasing the implementation and performance of UGI Corp's Stock Option and Dividend Equivalent Plan. Exhibit 1: Phoenix Arizona Stock Option Plan The Phoenix Arizona Stock Option Plan is a key component of UGI Corp's compensation package, aimed at attracting and retaining talented individuals. Under this plan, eligible employees are granted the right to purchase UGI Corp's stock at a predetermined price, typically known as the exercise or strike price. The plan encourages employee ownership, aligning their interests with the long-term growth of the company. Exhibit 2: Phoenix Arizona Dividend Equivalent Plan The Phoenix Arizona Dividend Equivalent Plan complements the Stock Option Plan by offering employees the opportunity to mimic the benefits of stock ownership without direct share ownership. When employees exercise their stock options, they receive dividend equivalent units (Zeus) instead of actual stock. These Zeus represent the cash value that would have been received if the employee had held real shares and received dividends. This plan allows employees to participate in the company's success by indirectly enjoying regular dividends. Exhibit 3: Stock Option and Dividend Equivalent Plan Integration UGI Corp's Stock Option and Dividend Equivalent Plans are often integrated to provide a comprehensive compensation package. Eligible employees can benefit from both plans as they exercise their stock options and receive Zeus simultaneously. The integration enhances the value of the overall compensation package, fostering a sense of ownership and loyalty among employees. Exhibit 4: Key Benefits of the Phoenix Arizona Stock Option and Dividend Equivalent Plan a) Retention and Attraction: By aligning employee interests with stock performance, the plan serves as a powerful tool to attract and retain talented individuals who are motivated by in-depth company involvement and potential financial gains. b) Long-Term Focus: The plans encourage a long-term perspective, as employees generally need to wait for a prescribed vesting period before exercising their stock options or receiving Zeus. c) Reward Performance: As stock prices increase, employees can benefit from the rise in value. This cultivates a performance-driven culture where success is celebrated and rewarded. d) Wealth Accumulation: UGI Corp's Stock Option Plan allows employees to accumulate wealth over time as stock prices appreciate, contributing to their financial stability and future goals. Conclusion: UGI Corp's Phoenix Arizona Stock Option and Dividend Equivalent Plan offer a comprehensive compensation package, combining stock ownership opportunities with dividend equivalent benefits. By fostering a sense of ownership, aligning interests, and rewarding performance, UGI Corp aims to attract and retain talented individuals, while also helping employees accumulate wealth in the long run.