Protective Life Corporation Restricted Units Award Letter (March 15, 2020)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Protective Life Corporation has granted the recipient a specified number of Restricted Units under its Long-Term Incentive Plan, effective March 15, 2020. The award is subject to the terms of the Plan and the 2020 Restricted Units Award Provisions, which outline rules for vesting, employment termination, tax withholding, non-solicitation, and regulatory compliance. The recipient is advised to review all related documents for full details of their rights and obligations.

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EX-10.7 6 plico3312020exh107.htm EX-10.7 Document

[NAME]
MARCH 15, 2020
RESTRICTED UNITS AWARD LETTER
The Compensation and Management Succession Committee of the Company's Board of Directors has awarded you:
______ Restricted UnitsDate of Grant: March 15, 2020
These Restricted 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 Restricted 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 vesting of these Restricted 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