San Antonio Texas Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Stock Option and Dividend Equivalent Plan (ASIDE) The San Antonio Texas Stock Option and Dividend Equivalent Plan (ASIDE) is a comprehensive incentive program offered to employees by UGI Corp., a leading natural gas and electric company. ASIDE allows eligible participants to acquire UGI Corp. stocks through stock options and receive dividend equivalents on a regular basis. Under the ASIDE program, employees are granted stock options that give them the right to purchase UGI Corp. stocks at a predetermined price, known as the exercise price. These stock options promote employee engagement and align their interests with the company's long-term success. By offering attractive stock options, ASIDE serves as a powerful tool to motivate, retain, and reward employees for their dedication and contributions. Additionally, participants in ASIDE receive dividend equivalent rights, which entitle them to receive cash payments equivalent to the dividends paid on UGI Corp. common stock. These payments provide participants with opportunities to benefit from the company's financial success and further enhance their overall compensation package. By experiencing the growth of UGI Corp. firsthand through stock ownership and receiving dividend equivalents, participants not only feel a sense of ownership but also have the potential to increase their personal wealth in tandem with the company's performance. Exhibits of UGI Corp. 1. Stock Option Agreement: This exhibit illustrates the details of an individual Stock Option Agreement under ASIDE. It outlines the number of options granted, exercise price, vesting schedule, and other terms and conditions governing the stock options. 2. Dividend Equivalent Payment Schedule: This exhibit showcases the periodic dividend equivalent cash payments made to participants in ASIDE. It encompasses the dividend rates, calculation method, and the eligible time period for receiving dividend equivalents. 3. Performance Evaluation Metrics: An additional exhibit may include specific performance evaluation metrics used by UGI Corp. to measure participants' performance and determine eligibility for stock options and dividend equivalents. This exhibit highlights the factors considered by the company while rewarding employees under ASIDE. Different Types of ASIDE 1. Standard Stock Option Plan: This type allows employees to purchase UGI Corp. common stock at the predetermined exercise price, usually set at the current market price or a discounted rate. The stock options typically have a vesting period and expiration date. 2. Restricted Stock Option Plan: This variant may be offered to selected employees based on their performance or seniority. The options granted under this plan are subject to restrictions, such as a vesting schedule or performance-based criteria, to ensure loyalty and long-term commitment. In conclusion, the San Antonio Texas Stock Option and Dividend Equivalent Plan (ASIDE) provided by UGI Corp. presents employees with an excellent opportunity to participate in the company's growth, enhance their compensation, and align their interests with the long-term success of UGI Corp. Through exhibits such as the Stock Option Agreement, Dividend Equivalent Payment Schedule, and Performance Evaluation Metrics, the program is transparent and benefits both the employees and the organization. Different types of ASIDE, including Standard and Restricted Stock Option Plans, cater to various employee segments and reward performance and loyalty accordingly.

San Antonio Texas Stock Option and Dividend Equivalent Plan (ASIDE) The San Antonio Texas Stock Option and Dividend Equivalent Plan (ASIDE) is a comprehensive incentive program offered to employees by UGI Corp., a leading natural gas and electric company. ASIDE allows eligible participants to acquire UGI Corp. stocks through stock options and receive dividend equivalents on a regular basis. Under the ASIDE program, employees are granted stock options that give them the right to purchase UGI Corp. stocks at a predetermined price, known as the exercise price. These stock options promote employee engagement and align their interests with the company's long-term success. By offering attractive stock options, ASIDE serves as a powerful tool to motivate, retain, and reward employees for their dedication and contributions. Additionally, participants in ASIDE receive dividend equivalent rights, which entitle them to receive cash payments equivalent to the dividends paid on UGI Corp. common stock. These payments provide participants with opportunities to benefit from the company's financial success and further enhance their overall compensation package. By experiencing the growth of UGI Corp. firsthand through stock ownership and receiving dividend equivalents, participants not only feel a sense of ownership but also have the potential to increase their personal wealth in tandem with the company's performance. Exhibits of UGI Corp. 1. Stock Option Agreement: This exhibit illustrates the details of an individual Stock Option Agreement under ASIDE. It outlines the number of options granted, exercise price, vesting schedule, and other terms and conditions governing the stock options. 2. Dividend Equivalent Payment Schedule: This exhibit showcases the periodic dividend equivalent cash payments made to participants in ASIDE. It encompasses the dividend rates, calculation method, and the eligible time period for receiving dividend equivalents. 3. Performance Evaluation Metrics: An additional exhibit may include specific performance evaluation metrics used by UGI Corp. to measure participants' performance and determine eligibility for stock options and dividend equivalents. This exhibit highlights the factors considered by the company while rewarding employees under ASIDE. Different Types of ASIDE 1. Standard Stock Option Plan: This type allows employees to purchase UGI Corp. common stock at the predetermined exercise price, usually set at the current market price or a discounted rate. The stock options typically have a vesting period and expiration date. 2. Restricted Stock Option Plan: This variant may be offered to selected employees based on their performance or seniority. The options granted under this plan are subject to restrictions, such as a vesting schedule or performance-based criteria, to ensure loyalty and long-term commitment. In conclusion, the San Antonio Texas Stock Option and Dividend Equivalent Plan (ASIDE) provided by UGI Corp. presents employees with an excellent opportunity to participate in the company's growth, enhance their compensation, and align their interests with the long-term success of UGI Corp. Through exhibits such as the Stock Option Agreement, Dividend Equivalent Payment Schedule, and Performance Evaluation Metrics, the program is transparent and benefits both the employees and the organization. Different types of ASIDE, including Standard and Restricted Stock Option Plans, cater to various employee segments and reward performance and loyalty accordingly.