Revised Schedule to Severance Agreements between Horace Mann Educators Corporation and Certain Employees
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Severance Agreements
Summary
Horace Mann Educators Corporation entered into severance agreements with several employees on various dates. These agreements outline the terms for severance pay and continued insurance benefits if employment ends. Most agreements provide a cash payment equal to 2.9 times the employee's highest annual compensation over the past five years and continued insurance for 2.9 years. Some agreements, however, offer 2 times the highest annual compensation and 2 years of insurance. The schedule lists the employees covered and references related agreements for further details.
EX-10.2(A) 4 0004.txt REVISED SCHEDULE TO SEVERANCE AGREEMENT Exhibit 10.2(a) SCHEDULE TO SEVERANCE AGREEMENT Horace Mann Educators Corporation entered into severance agreements on the date shown with the following persons. These agreements are identical to the one included herein as Exhibit 10.9. George Zock - December 27, 1991 H. Albert Inkel - December 27, 1991 Ann Caparros - March 07, 1994 Peter H. Heckman - April 10, 2000 Horace Mann Educators Corporation entered into severance agreements on the date shown with the following persons. These agreements are substantially identical to the one included herein as Exhibit 10.9 except that they provide (1) a one- time cash payment equal to 2 times the highest annual compensation received by the employee in the five preceding years (as compared to 2.9 times) and (2) the specified period during which such employee's insurance benefits would continue is 2 years (as compared to 2.9 years): A. Thomas Arisman - December 27, 1991 Ron Byers - March 16, 2000 Valerie Chrisman - December 27, 1991 J. Michael Henderson - September 02, 1997 William Hinkle - July 19, 1999 Robert Lee - July 19, 1999 Thomas Manion - July 6, 2000 Michael Orr - July 19, 1999 Francis Purcell - December 27, 1991 Michael Vignola - March 16, 1998 Walter Stooksbury - December 27, 1991 Horace Mann Educators Corporation entered into a severance agreement with Louis G. Lower II as set forth in the Lower Employment Agreement contained in Exhibit 10.12 to Horace Mann Educators Corporation's Annual Report on Form 10-K for the year ended December 31, 1999.
