Revised Schedule to Severance Agreements for Change of Control – Horace Mann Educators Corporation and Horace Mann Service Corporation

Summary

Horace Mann Educators Corporation and Horace Mann Service Corporation have updated their severance agreements for change of control with several employees. The agreements specify a one-time cash payment based on a multiple of the employee's highest annual compensation over the past five years, with the duration for each employee listed in the schedule. The agreements were originally signed on various dates and replaced in December 2011. The terms are otherwise substantially similar to previous agreements.

EX-10.13(A) 4 v381762_ex10-13a.htm EXHIBIT 10.13(A)

 

Exhibit 10.13(a)

 

Revised Schedule to Severance Agreement

 

Horace Mann Educators Corporation (“HMEC”) and Horace Mann Service Corporation (“HMSC”) entered into severance agreements for change of control with the following persons on the dates shown. These agreements are substantially similar to the one included as Exhibit 10.13 to HMEC’s Annual Report on Form 10-K for the year ended December 31, 2012 except that the multiple of the highest annual compensation received by the employee in the five preceding years used to determine a one-time cash payment is equal to the duration listed below.

 

Employee     Duration        Original
Agreement Date
       Replacement
Agreement Date
 
                 
Ann M. Caparrós       2.9 years     March 1994     December 2011  
Bret A. Conklin       2 years     January 2002     December 2011  
Dwayne D. Hallman       2 years     January 2003     December 2011  
Ricky A. Renner       2 years     July 2001     December 2011  
Robert E. Rich       2 years     February 2001     December 2011