UGI Corporation Summary of Director Compensation Effective October 1, 2016
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Summary
This document outlines the compensation structure for non-employee directors of UGI Corporation, effective October 1, 2016. Non-employee directors receive an annual cash retainer and equity awards in the form of stock units and stock options. Additional cash and equity compensation is provided for directors serving as Independent Chairman or as chairpersons or members of key board committees. Directors who are also employees or officers do not receive compensation for board service. Equity awards are granted under the company's 2013 Omnibus Incentive Compensation Plan and are scheduled for award in January 2017.
EX-10.24 4 a2016ugicorp10kex1024.htm EXHIBIT 10.24 Exhibit
EXHIBIT 10.24
UGI CORPORATION
SUMMARY OF DIRECTOR COMPENSATION
The table below shows the components of director compensation effective October 1, 2016. A director who is an officer or employee of the Registrant or its subsidiaries is not compensated for service on the Board of Directors or on any Committee of the Board.
CASH EQUITY
COMPONENT COMPONENT (1)(2)
Annual Retainer for Non-Employee $80,000 3,000 Stock Units
Directors 9,000 Stock Options
Additional:
Additional Annual Retainer for $200,000 2,100 Stock Units
Independent Chairman 6,400 Stock Options
Additional Annual Retainer for $10,000
Audit Committee Members
(other than the Chairperson)
Additional Annual Retainer for $20,000
Audit Committee Chairperson
Additional Annual Retainer for $15,000
Compensation and Management
Development Committee Chairperson
Additional Annual Retainer for $10,000
Corporate Governance Committee
Chairperson
Additional Annual Retainer for $10,000
Safety, Environmental and Regulatory
Compliance Committee Chairperson
(1) | Stock Units and Stock Options are granted under the UGI Corporation 2013 Omnibus Incentive Compensation Plan. |
(2) | Stock Units and Stock Options to be awarded in January 2017. |
