Severance Agreement for Change of Control between Horace Mann Educators Corporation, Horace Mann Service Corporation, and Robert E. Rich
Contract Categories:
Human Resources
›
Change of Control Agreements
Summary
Horace Mann Educators Corporation and Horace Mann Service Corporation entered into a severance agreement with Robert E. Rich, providing for specific severance benefits in the event of a change of control. The agreement specifies that, if triggered, Mr. Rich would receive a one-time cash payment based on two years of his highest annual compensation from the previous five years. The agreement was originally signed in February 2001, replaced in December 2011, and last revised on May 23, 2017.
EX-10.9(A) 3 hm63017ex109a.htm EXHIBIT 10.9(A) Exhibit
Exhibit 10.9(a)
Horace Mann Educators Corporation (“HMEC”) and Horace Mann Service Corporation (“HMSC”) entered into severance agreements for change of control with the following person on the date 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.
Original | Replacement | ||
Employee | Duration | Agreement Date | Agreement Date |
Robert E. Rich | 2 years | February 2001 | December 2011 |
Last revision date: May 23, 2017
