Protective Life Corporation Performance Units Award Letter (March 15, 2019)

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, 2019, to December 31, 2021. The award is subject to the terms and conditions outlined in the Plan and the 2019 Performance Units Award Provisions, including rules about payment, employment termination, tax withholding, non-solicitation, and regulatory compliance. The letter is signed by the company's President and CEO, Richard J. Bielen.

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EX-10.6 7 plc3311910q-exhibit106_pro.htm EXHIBIT 10.6 Exhibit

 

[NAME]
MARCH 15, 2019
PERFORMANCE UNITS
AWARD LETTER
Protective Life Corporation has awarded you:
_______ Performance Units
Award Period: January 1, 2019 – December 31, 2021
Date of Grant: March 15, 2019
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 2019 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