2020 Performance Units Award Letter (for key officers) of the Company

EX-10.5 4 plico3312020exh105.htm EX-10.5 Document

MARCH 15, 2020
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