Protective Life Corporation Parent-Based Award Letter Dated March 15, 2020

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Protective Life Corporation, through its Compensation and Management Succession Committee, has granted a Parent-Based Award to the recipient under the company's Long-Term Incentive Plan. The award, effective March 15, 2020, is subject to the terms outlined in the plan and accompanying provisions, which address vesting, employment termination, tax matters, non-solicitation, and regulatory compliance. Recipients are advised to review all related documents for full details and retain them for their records.

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EX-10.3 2 plico3312020exh103.htm EX-10.3 Document


[NAME]
MARCH 15, 2020
PARENT-BASEDAWARD LETTER
The Compensation and Management Succession Committee of the Company's Board of Directors has awarded you:
Parent-Based Award Valued at _______Date of Grant: March 15, 2020
This Parent-Based Award was awarded pursuant to the Protective Life Corporation Long-Term Incentive Plan (the “Plan”), and is subject to the terms and conditions contained in the 2020 Parent-Based 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 vesting of this Parent-Based Award, 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