UGI Corporation Summary of Director Compensation Effective October 1, 2006
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Summary
This document outlines the compensation structure for directors of UGI Corporation as of October 1, 2006. Directors who are not officers or employees receive an annual cash retainer, stock units, and stock options. Additional cash retainers are provided for service on certain board committees, with higher amounts for chairpersons. Stock units and options are granted under the company's 2004 Omnibus Equity Compensation Plan. Directors who are also employees or officers do not receive this compensation.
EX-10.22 8 c70098exv10w22.htm EXHIBIT 10.22 exv10w22
EXHIBIT 10.22
UGI CORPORATION
SUMMARY OF DIRECTOR COMPENSATION
SUMMARY OF DIRECTOR COMPENSATION
The table below shows the components of director compensation effective October 1, 2006. 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.
DIRECTORS’ COMPENSATION
| CASH | EQUITY | |||||
| COMPONENT | COMPONENT (1) | |||||
Annual retainer | $ | 62,000 | 2,550 Stock Units | |||
| 8,500 Options for the purchase of shares of common stock of the Registrant. | ||||||
Additional Annual Retainer for Audit Committee Members (other than the Chairperson) | $ | 5,000 | ||||
Additional Annual Retainer for Audit Committee Chairperson | $ | 10,000 | ||||
Additional Annual Retainer for Compensation and Management Development Committee Chairperson | $ | 10,000 | ||||
Additional Annual Retainer for Corporate Governance Committee Chairperson | $ | 5,000 | ||||
Additional Annual Retainer for Planning and Finance Committee Chairperson | $ | 5,000 | ||||
| (1) | Stock Units and Options are granted under the UGI Corporation 2004 Omnibus Equity Compensation Plan |
