San Jose California Stock Option and Dividend Equivalent Plan with exhibits of UGI Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Jose
• 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 The San Jose California Stock Option and Dividend Equivalent Plan is a corporate benefit program offered by UGI Corp., a multinational energy distribution and services company. This plan allows eligible employees of UGI Corp. to participate in the company's stock option and dividend equivalent programs, which are designed to incentivize employees and align their interests with those of UGI Corp.'s shareholders. Under the San Jose California Stock Option and Dividend Equivalent Plan, employees are granted the opportunity to purchase a specified number of UGI Corp. common shares at a predetermined price, known as the exercise price. These stock options typically have a vesting schedule, which means that they become exercisable over a certain period of time, encouraging employee loyalty and retention. By providing employees with the right to purchase UGI Corp. stock at a predetermined price, stock options allow them to potentially benefit from any increase in the company's stock price. This can create a sense of ownership and motivation among employees, as they directly participate in the company's success and financial performance. Additionally, UGI Corp. offers a Dividend Equivalent Plan, which allows employees to receive cash payments or additional stock equivalent to the dividends paid on UGI Corp. common shares they hold or are entitled to hold under the stock option plan. This provides employees with an opportunity to receive additional compensation and benefits as if they were actual shareholders, even if they haven't purchased the stock directly. The San Jose California Stock Option and Dividend Equivalent Plan also includes exhibits. These exhibits may include official documentation related to the plans, such as the stock option agreement, vesting schedule, exercise price, and dividend equivalent calculations. These exhibits serve as legal and contractual reference points for employees participating in the plan, ensuring transparency and clarity regarding their rights and obligations. Different types of stock option and dividend equivalent plans offered by UGI Corp. may include variations in the vesting schedule, exercise price, and eligibility criteria. Some plans may offer immediate vesting, allowing employees to exercise their options immediately, while others may have a graded vesting schedule, enabling employees to exercise a certain percentage of their options over a specified period of time. Additionally, plans may have different exercise prices, often based on the fair market value of UGI Corp. stock at the time of grant. In conclusion, the San Jose California Stock Option and Dividend Equivalent Plan offered by UGI Corp. is designed to incentivize and reward employees by granting them the opportunity to purchase company stock at a predetermined price or receive cash payments equivalent to dividends. This plan aligns employees' interests with shareholder value and may vary in terms of vesting schedules, exercise prices, and eligibility criteria. Exhibits provide supporting documentation regarding the plans' terms and conditions.

The San Jose California Stock Option and Dividend Equivalent Plan is a corporate benefit program offered by UGI Corp., a multinational energy distribution and services company. This plan allows eligible employees of UGI Corp. to participate in the company's stock option and dividend equivalent programs, which are designed to incentivize employees and align their interests with those of UGI Corp.'s shareholders. Under the San Jose California Stock Option and Dividend Equivalent Plan, employees are granted the opportunity to purchase a specified number of UGI Corp. common shares at a predetermined price, known as the exercise price. These stock options typically have a vesting schedule, which means that they become exercisable over a certain period of time, encouraging employee loyalty and retention. By providing employees with the right to purchase UGI Corp. stock at a predetermined price, stock options allow them to potentially benefit from any increase in the company's stock price. This can create a sense of ownership and motivation among employees, as they directly participate in the company's success and financial performance. Additionally, UGI Corp. offers a Dividend Equivalent Plan, which allows employees to receive cash payments or additional stock equivalent to the dividends paid on UGI Corp. common shares they hold or are entitled to hold under the stock option plan. This provides employees with an opportunity to receive additional compensation and benefits as if they were actual shareholders, even if they haven't purchased the stock directly. The San Jose California Stock Option and Dividend Equivalent Plan also includes exhibits. These exhibits may include official documentation related to the plans, such as the stock option agreement, vesting schedule, exercise price, and dividend equivalent calculations. These exhibits serve as legal and contractual reference points for employees participating in the plan, ensuring transparency and clarity regarding their rights and obligations. Different types of stock option and dividend equivalent plans offered by UGI Corp. may include variations in the vesting schedule, exercise price, and eligibility criteria. Some plans may offer immediate vesting, allowing employees to exercise their options immediately, while others may have a graded vesting schedule, enabling employees to exercise a certain percentage of their options over a specified period of time. Additionally, plans may have different exercise prices, often based on the fair market value of UGI Corp. stock at the time of grant. In conclusion, the San Jose California Stock Option and Dividend Equivalent Plan offered by UGI Corp. is designed to incentivize and reward employees by granting them the opportunity to purchase company stock at a predetermined price or receive cash payments equivalent to dividends. This plan aligns employees' interests with shareholder value and may vary in terms of vesting schedules, exercise prices, and eligibility criteria. Exhibits provide supporting documentation regarding the plans' terms and conditions.