UGI Corporation Compensation Arrangement for Davinder Athwal

Summary

UGI Corporation has an oral compensation agreement with Davinder Athwal, its Vice President, Chief Accounting Officer, and Chief Risk Officer. Under this arrangement, Mr. Athwal receives an annual base salary of $245,024, is eligible for annual bonuses based on performance, and participates in the company's long-term equity compensation plan. He is also entitled to certain cash benefits if his employment is terminated without cause or if he resigns for good reason after a change in control. Additionally, he participates in various executive benefit and retirement plans.

EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1

UGI CORPORATION

DESCRIPTION OF COMPENSATION ARRANGEMENT

FOR

DAVINDER ATHWAL

Davinder Athwal is Vice President — Accounting and Financial Control, Chief Accounting Officer and Chief Risk Officer of UGI Corporation. Mr. Athwal has an oral compensation arrangement with UGI Corporation which includes the following:

Mr. Athwal:



1.				is entitled to an annual base salary of $245,024;

2.				participates in UGI Corporation’s annual bonus plan, with bonus payable based on the achievement of pre-approved financial and/or business performance objectives, which support business plans and strategic goals;

3.				participates in UGI Corporation’s long-term compensation plan, the 2004 Omnibus Equity Compensation Plan, as amended, with annual awards as determined by the Compensation and Management Development Committee;

4.				will receive cash benefits if the Company terminates his employment without “cause” or if he terminates employment for “good reason” following a change in control of UGI Corporation; and

5.				participates in UGI Corporation’s benefit plans, including the Senior Executive Employee Severance Plan and the Supplemental Executive Retirement Plan and Supplemental Savings Plan.