Protective Life Corporation 2020 Performance Units Award Letter

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, 2020, to December 31, 2022. The award is subject to the terms outlined in the Plan and the 2020 Performance Units Award Provisions, which cover payment conditions, employment termination, tax withholding, non-solicitation, and regulatory compliance. The letter encourages the recipient to review all related documents and retain them for personal records.

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EX-10.5 4 plico3312020exh105.htm EX-10.5 Document

[NAME]
MARCH 15, 2020
PERFORMANCE UNITS AWARD LETTER
The Compensation and Management Succession Committee of the Company's Board of Directors has awarded you:
_______ Performance UnitsAward Period: January 1, 2020 – December 31, 2022Grant Date: March 15, 2020
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 2020 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