UGI (UGI) 10-K 2016 FY Annual report

EXHIBIT 10.10

UGI CORPORATIONDESCRIPTION OF COMPENSATION ARRANGEMENT
FOR
JOHN L. WALSH

John L. Walsh is President and Chief Executive Officer of UGI Corporation. Mr. Walsh has an oral compensation arrangement with UGI Corporation which includes the following:

Mr. Walsh:

1. is entitled to an annual base salary, which for fiscal year 2016 was $1,133,704;

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 that support business plans and strategic goals;

3. participates in UGI Corporation’s long-term compensation plans, UGI Corporation’s 2004 Omnibus Equity Compensation Plan, as amended, and UGI Corporation’s 2013 Omnibus Incentive Compensation Plan;

4. will receive cash benefits upon termination of his employment without cause following a change in control of UGI Corporation; and

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

UGI CORPORATIONDESCRIPTION OF COMPENSATION ARRANGEMENT
FOR KIRK R. OLIVER

Kirk R. Oliver is Chief Financial Officer of UGI Corporation. Mr. Oliver has an oral compensation arrangement with UGI Corporation which includes the following:

Mr. Oliver:

1. is entitled to an annual base salary, which for fiscal year 2016 was $541,190;

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 that support business plans and strategic goals;

3. participates in UGI Corporation’s long-term compensation plans, UGI Corporation’s 2004 Omnibus Equity Compensation Plan, as amended, and UGI Corporation’s 2013 Omnibus Incentive Compensation Plan;

4. will receive cash benefits upon termination of his employment without cause following a change in control of UGI Corporation; and

5. participates in UGI Corporation’s benefit plans, including the Senior Executive Employee Severance Plan, 2009 Supplemental Executive Retirement Plan for New Employees, and UGI Savings Plan.

UGI CORPORATIONDESCRIPTION OF COMPENSATION ARRANGEMENT
FOR MONICA M. GAUDIOSI

Monica M. Gaudiosi is Vice President, General Counsel and Secretary of UGI Corporation. Ms. Gaudiosi has an oral compensation arrangement with UGI Corporation which includes the following:

Ms. Gaudiosi:

1. is entitled to an annual base salary, which for fiscal year 2016 was $448,058;

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 that support business plans and strategic goals;

3. participates in UGI Corporation’s long-term compensation plans, UGI Corporation’s 2004 Omnibus Equity Compensation Plan, as amended, and UGI Corporation’s 2013 Omnibus Incentive Compensation Plan;

4. will receive cash benefits upon termination of her employment without cause following a change in control of UGI Corporation; and

5. participates in UGI Corporation’s benefit plans, including the Senior Executive Employee Severance Plan, 2009 Supplemental Executive Retirement Plan for New Employees, and UGI Savings Plan.

UGI INTERNATIONAL, LLC

DESCRIPTION OF COMPENSATION ARRANGEMENT

FOR

ROGER PERREAULT

Roger Perreault is President of UGI International, LLC. Mr. Perreault has an oral compensation arrangement with UGI International, LLC, which includes the following:

Mr. Perreault:

1. is entitled to an annual base salary, which for fiscal year 2016 was $550,000 (pro-rated to reflect Mr. Perreault’s commencement of employment);

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

3. participates in UGI Corporation’s 2013 Omnibus Incentive Compensation Plan;

4. will receive cash benefits upon termination of his employment without cause following a change in control of UGI International, LLC or UGI Corporation; and

5. participates in UGI Corporation’s benefit plans, including the Senior Executive Employee Severance Plan, 2009 Supplemental Executive Retirement Plan for New Employees, and UGI Savings Plan.