Revised Schedule to Severance Agreements between Horace Mann Educators Corporation and Certain Employees

Contract Categories: Human Resources › Severance Agreements
Summary

Horace Mann Educators Corporation (HMEC) has entered into severance agreements with several employees, specifying the duration for which each employee would receive a one-time cash payment and continued insurance benefits if their employment ends. The agreements are largely identical, with the main differences being the length of benefit duration for each individual, ranging from 2 to 3 years. The schedule lists the employees, agreement dates, and durations. One agreement, for Louis G. Lower II, references a separate employment agreement. These terms modify the standard severance agreement previously filed by HMEC.

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EX-10.2(A) 3 dex102a.htm REVISED SCHEDULE TO SEVERANCE AGREEMENTS Revised Schedule to Severance Agreements

Exhibit 10.2(a)

 

Revised Schedule to Severance Agreement

 

Horace Mann Educators Corporation (“HMEC”) entered into severance agreements with the following persons on the dates shown. These agreements are substantially identical to the one included as Exhibit 10.7 to HMEC’s Annual Report on Form 10-K for the year ended December 31, 2001 except that (1) 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 and (2) the specified period during which such employee’s insurance benefits would continue is equal to the duration below, and except as indicated in footnote (a).

 

Employee

  

Duration

   Agreement Date

Louis G. Lower II (a)

  

3 years

   02-01-2000

Ann M. Caparrós

  

2.9 years

   03-07-1994

Peter H. Heckman

  

2.9 years

   04-10-2000

Douglas W. Reynolds

  

2.9 years

   11-12-2001

Paul D. Andrews

  

2 years

   07-02-2001

Bret A. Conklin

  

2 years

   01-14-2002

Dwayne D. Hallman

  

2 years

   01-21-2003

Deborah F. Kretchmar

  

2 years

   06-17-2002

Ricky A. Renner

  

2 years

   07-09-2001

Robert E. Rich

  

2 years

   02-19-2001

Peter M. Titone

  

2 years

   01-08-2001
(a) HMEC entered into a severance agreement with Louis G. Lower II as set forth in the Lower Employment Agreement contained in Exhibit 10.12 to HMEC’s Annual Report on Form 10-K for the year ended December 31, 1999.