Letter of Extension of Change in Control Severance Agreement between Assurant, Inc. and Michael Peninger

Summary

Assurant, Inc. has extended Michael Peninger's Change in Control Severance Agreement for two additional years, now expiring on December 31, 2008. This agreement provides certain benefits to Peninger if a change in control of the company occurs. The extension was authorized by the Compensation Committee of the Board of Directors. No other terms of the agreement are changed by this letter.

EX-10.15 6 dex1015.htm LETTER OF EXTENSION OF CHANGE IN CONTROL SEVERANCE AGREEMENT - PENINGER Letter of Extension of Change in Control Severance Agreement - Peninger

EXHIBIT 10.15

 

  One Chase Manhattan Plz  
  New York, NY 10005  
  Phone:  ###-###-####  
  www.assurant.com  

PERSONAL AND CONFIDENTIAL

December 15, 2006

Michael Peninger

Assurant Employee Benefits

2323 Grand Boulevard

Kansas City, MO 64108

Re: Extension of Change in Control Severance Agreement

Dear Michael,

You are presently covered by a Change in Control Severance Agreement (“CIC Agreement”) with Assurant, Inc. (the “Company”) that may provide certain benefits to you in the event that a Change in Control (as defined in the CIC Agreement) occurs. The CIC Agreement, as amended, was due to expire on December 31, 2006.

As permitted by Section 1(a) of the CIC Agreement, the Compensation Committee of the Board of Directors has authorized the Company to extend the term of the CIC Agreement for two years, through December 31, 2008.

As always, we appreciate your dedication to Assurant. If you have any questions or concerns, please feel free to contact me.

 

Sincerely,

/s/ Robert B. Pollock

Robert B. Pollock
Chief Executive Officer

In New York state, Assurant, Inc. does business under the name Assurant Group.