UGI Utilities, Inc. 2005 Annual Bonus Awards for Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the annual bonus awards granted to key executives of UGI Utilities, Inc. and its parent company, UGI Corporation, for the fiscal year 2005. The bonuses, approved by the respective Boards of Directors, specify the amounts awarded to each executive based on their roles within the companies. The agreement details the recipients, their positions, and the approved bonus amounts, clarifying which company paid each bonus. There are no ongoing obligations or conditions beyond the payment of these bonuses for the specified year.

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EX-10.1 2 w15349bexv10w1.htm EXHIBIT 10.1 exv10w1  

Exhibit 10.1
UGI UTILITIES, INC.
ANNUAL BONUS AWARDS
David W. Trego is President and Chief Executive Officer of UGI Utilities, Inc. Mr. Trego received a bonus, which was approved by the UGI Utilities, Inc. Board of Directors, for fiscal year 2005 in the amount of $111,019.
Lon R. Greenberg is Chairman of UGI Utilities, Inc., a wholly owned subsidiary of UGI Corporation. Mr. Greenberg is employed by UGI Corporation. Mr. Greenberg received a bonus, which was approved by the UGI Corporation Board of Directors, for fiscal year 2005 in the amount of $1,634,000.
John L. Walsh is Vice Chairman of UGI Utilities, Inc., a wholly owned subsidiary of UGI Corporation. Mr. Walsh is employed by UGI Corporation. Mr. Walsh received a bonus, which was approved by the UGI Corporation Board of Directors, for fiscal year 2005 in the amount of $405,015.
John C. Barney is Senior Vice President — Finance and Chief Financial Officer, Assistant Secretary and Treasurer of UGI Utilities, Inc. Mr. Barney received a bonus, which was approved by the UGI Utilities, Inc. Board of Directors, for fiscal year 2005 in the amount of $92,564.
Robert H. Knauss is Vice President, General Counsel and Assistant Secretary of UGI Utilities, Inc., a wholly owned subsidiary of UGI Corporation. Mr. Knauss is employed by UGI Corporation. Mr. Knauss received a bonus, which was approved by the UGI Corporation Board of Directors, for fiscal year 2005 in the amount of $255,996.
Bonuses reported for Messrs. Greenberg, Walsh and Knauss are paid by UGI Corporation, the parent of UGI Utilities, Inc., and are attributable to their positions with UGI Corporation.

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