Examples of AmeriGas LTIP in a sentence
Unless the Committee determines otherwise, to the extent that an officer of the Company who is subject to Section 16(b) of the Securities Exchange Act of 1934, as amended, shall not have satisfied any ownership requirement then applicable to such officer, as set forth in the UGI Corporation Stock Ownership Policy, up to 10% of the gross amount of the officer’s annual bonus shall be paid in fully vested Unit Awards under the AmeriGas LTIP.
Annual bonuses for a Fiscal Year shall be paid in cash; provided that the Committee may determine that part or all of a Participant’s annual bonus shall be paid in the form of a Unit Award under the AmeriGas LTIP.
In the event that the transaction constituting an AmeriGas LTIP Change of Control is not a change in control event under section 409A of the Code, the Participant’s Phantom Units shall be redeemed and paid in cash within 30 business days after the Participant’s Separation from Service date, instead of upon the AmeriGas LTIP Change of Control.
The amount paid shall equal the product of the number of Phantom Units being redeemed multiplied by the Unit Value at the date of the AmeriGas LTIP Change of Control.
A Non-Employee Director of the AmeriGas Board who receives Phantom Units under the 2010 AmeriGas LTIP may elect to have his or her Phantom Units credited to the Non-Employee Director’s Account under this Plan as of the date of the Non-Employee Director’s Separation from Service.
Non-Employee Directors of the AmeriGas Board shall become eligible to participate in the Plan as of the date on which the APLP unitholders approve the 2010 AmeriGas LTIP, or, if later, as of the date of the Non-Employee Director’s first election to the AmeriGas Board.
In the event of an AmeriGas LTIP Change of Control that is a change in control event under section 409A of the Code, APLP shall redeem all the Phantom Units then credited to the Participant’s Account and the redemption amount shall be paid in cash on the closing date of the AmeriGas LTIP Change of Control.
Annual bonuses for a fiscal year shall be paid in cash; provided that the Committee may determine that part or all of a Participant’s annual bonus shall be paid in the form of a Stock Award under the Equity Plan or a Unit Award under the AmeriGas LTIP.
For Non-Employee Directors of the AmeriGas Board who first become eligible to participate in the Plan upon APLP unitholder approval of the 2010 AmeriGas LTIP, the election must be made no later than 30 days after they first become eligible to participate in the Plan, with respect to compensation for services to be performed after the election, in accordance with section 409A.
In addition to the provisions of this Plan, Phantom Units shall be governed by the 2010 AmeriGas LTIP and the Terms and Conditions established with respect to the 2010 AmeriGas LTIP, both of which are incorporated herein by reference.