Protective Life Corporation Performance Units Award Letter (March 15, 2018)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Protective Life Corporation has granted the recipient a specified number of Performance Units under its Long-Term Incentive Plan for the period from January 1, 2018, to December 31, 2020. The award is subject to the terms and conditions outlined in the Plan and the 2018 Performance Units Award Provisions, including rules on payment, employment termination, tax withholding, and non-solicitation. Recipients are encouraged to review all related documents for full details.

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EX-10.5A 6 plc123118-exhibit105a_2018.htm EXHIBIT 10.5A Exhibit

 

[NAME]
MARCH 15, 2018
PERFORMANCE UNITS
AWARD LETTER
The Compensation and Management Succession Committee of the Company's Board of Directors has awarded you:
_______ Performance Units
Award Period: January 1, 2018 – December 31, 2020
Grant Date: March 15, 2018
These Performance Units were awarded pursuant to the Protective Life Corporation Long-Term Incentive Plan (the “Plan”), and are subject to the terms and conditions contained in the 2018 Performance Units Award Provisions (“Provisions”), as set forth in Appendix A to this Award Letter, and the Plan. The Plan and the Provisions contain terms and conditions regarding the payment of these Performance Units, termination of employment, tax withholding, non-solicitation of Company employees and customers, regulatory compliance and other matters, and I encourage you to read the Provisions carefully.
Please retain these documents in your personal records.
                        
Richard J. Bielen
President and Chief Executive Officer of Protective Life Corporation