Protective Life Corporation Performance Units Award Letter (March 2024)
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Summary
Protective Life Corporation has granted the recipient a specified number of Performance Units under its Long-Term Incentive Plan, covering the period from January 1, 2024, to December 31, 2026. The award is subject to detailed terms regarding vesting, payment, employment termination, forfeiture, tax obligations, and restrictions on competition and solicitation. The agreement also addresses confidentiality, regulatory compliance, and potential recoupment. Recipients are advised to review all related documents for full details of their rights and obligations.
EX-10.(PP) 9 exhibit10pp-sx1april2024.htm EX-10.(PP) Document
Exhibit 10.(pp)
[NAME]
MARCH 15, 2024
PERFORMANCE UNITS
AWARD LETTER
Protective Life Corporation has awarded you:
_______ Performance Units
Award Period: January 1, 2024 – December 31, 2026
Date of Grant: March 15, 2024
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 2024 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 vesting and payment of these Performance Units, termination of employment, forfeiture, tax withholding, competitive and conflicting activities, confidentiality, non-solicitation of Company employees and customers, regulatory compliance, recoupment, remedies, and other important 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 | ||
