Supplemental Retirement Benefit Agreement for Casey J. Sylla
This agreement provides Casey J. Sylla with an enhanced pension benefit from a nonqualified pension plan if he retires, terminates employment at or after age 63, dies, or if there is a change of control at Allstate. The enhancement adds five years to both his age and service for pension calculation purposes, increasing his retirement benefits. This supplemental benefit is specifically recognized in the event of a change of control.
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Exhibit 10.23
Retirement Benefits of
Casey J. Sylla
Mr. Sylla will receive a pension enhancement payable from a nonqualified pension plan upon termination or retirement on or after age 63 or upon death or change of control. The enhanced pension benefit assumes an additional five years of age and service under the pension formula of Allstate's qualified pension plan. This enhancement is considered to be a supplemental retirement plan in the event of a change of control.
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