Attached files
| file | filename |
|---|---|
| EX-99 - EX-99 - UGI CORP /PA/ | exhibit2.htm |
| 8-K - LIVE FILING - UGI CORP /PA/ | htm_40467.htm |
UGI CORPORATION
DESCRIPTION OF COMPENSATION ARRANGEMENT
FOR
ROBERT C. FLEXON
Mr. Flexon has an oral compensation arrangement with UGI Corporation which includes the following effective February 14, 2011:
Mr. Flexon:
| 1. | is entitled to an annual base salary, which for fiscal year 2011 is $475,020; |
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| 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; |
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| 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; |
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| 4. | will receive cash benefits upon termination of his employment without “cause” or if he terminates employment for “good reason” following a change in control of UGI Corporation; and |
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| 5. | participates in UGI Corporation’s benefit plans, including the Senior Executive Employee Severance Plan and the 2009 Supplemental Executive Retirement Plan for New Employees. |
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