Revised Schedule to Severance Agreements for Change of Control between Horace Mann Educators Corporation, Horace Mann Service Corporation, and Certain Employees
Horace Mann Educators Corporation and Horace Mann Service Corporation have entered into severance agreements with several employees, specifying the terms for severance payments in the event of a change of control. The agreements outline that each employee will receive a one-time cash payment based on a multiple of their 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.
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 | |||||||||
| Paul D. Andrews | 2 years | July 2001 | 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 | |||||||||
