Protective Life Corporation Restricted Units Award Letter (March 15, 2021)

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, 2021. The award is subject to the terms outlined in the Plan and the accompanying 2021 Restricted Units Award Provisions, which address vesting, employment termination, tax withholding, non-solicitation, and regulatory compliance. The letter is signed by the company's President and CEO, Richard J. Bielen.

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EX-10.16(A)(1) 11 plico123120-exhibit1016a1.htm EX-10.16(A)(1) Document


[NAME]



MARCH 15, 2021
RESTRICTED UNITS
AWARD LETTER

Protective Life Corporation has awarded you:
______ Restricted Units
Date of Grant: March 15, 2021

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 2021 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.



/s/ RICHARD J. BIELEN

Richard J. Bielen
President and Chief Executive Officer of
Protective Life Corporation