Supplemental Retirement Benefit Agreement for Edward M. Liddy, John L. Carl, and Casey J. Sylla

Summary

This agreement outlines enhanced retirement benefits for Edward M. Liddy, John L. Carl, and Casey J. Sylla from Allstate. Each will receive additional pension benefits through a nonqualified plan upon retirement, termination, death, or a change of control. Mr. Liddy’s benefit is calculated with five extra years of age and service until age 61, and maximum credited service after age 62. Mr. Carl and Mr. Sylla receive similar enhancements if they retire at or after ages 60 and 63, respectively. These benefits are also payable upon death or change of control.

EX-10.21 5 a2073498zex-10_21.txt EXHIBIT 10.21 EXHIBIT 10.21 RETIREMENT BENEFITS OF EDWARD M. LIDDY, JOHN L. CARL, AND CASEY J. SYLLA Mr. Liddy, Mr. Carl and Mr. Sylla each will receive a pension enhancement payable from a nonqualified pension plan upon termination, retirement, death or change of control. Mr. Liddy will receive an enhanced pension benefit that assumes an additional five years of age and service under the pension formula of Allstate's qualified pension plan through age 61. At age 62 and after, the enhancement is based on the maximum credited service under the pension formula. Mr. Carl and Mr. Sylla will receive an enhanced pension benefit based on the addition of five years of age and service if each retires from Allstate on or after age 60 and 63, respectively. All of these enhancements are payable upon death and are considered to be supplemental retirement plans in the event of a change of control.