Summary of Award Levels and Performance Goals under the 2006 Management Incentive Plan for Reinsurance Group of America, Incorporated

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the incentive award opportunities for named executive officers of Reinsurance Group of America, Incorporated for 2006. The plan specifies that executives may receive incentive awards ranging from 0% up to 200% of their base salary, depending on their position. Awards are primarily based on the company's annual operating earnings per share and, to a lesser extent, on annual consolidated revenues. For some participants, divisional performance may also be considered. The plan aims to align executive compensation with company and divisional financial performance.

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EX-10.2 3 ex10p2.txt EXHIBIT 10.2 SUMMARY OF THE AWARD LEVELS AND PERFORMANCE GOALS UNDER THE MANAGEMENT INCENTIVE PLAN FOR THE 2006 NAMED EXECUTIVE OFFICERS OF REINSURANCE GROUP OF AMERICA, INCORPORATED INCENTIVE AWARD AS A NAME AND TITLE OF EXECUTIVE OFFICER PERCENTAGE OF BASE SALARY(1) - ----------------------------------- -------------------- A. Greig Woodring 0 - 200% President and Chief Executive Officer David B. Atkinson 0 - 160% Executive Vice President and Chief Operating Officer Jack B. Lay 0 - 160% Executive Vice President and Chief Financial Officer Paul A. Shuster 0 - 160% Executive Vice President, U.S. Operations Graham Watson 0 - 160% Executive Vice President, International - ------------------------------- (1) Results for Reinsurance Group of America, Incorporated (the "Company") under the Reinsurance Group of America, Incorporated Management Incentive Plan, as amended and restated effective January 1, 2003 (the "MIP"), are measured primarily on annual operating earnings (net income from continuing operations less realized capital gains and losses and certain other non-operating items) per share and, secondarily, on annual consolidated revenues. The MIP award for certain participants may be measured in part or in whole on divisional results, which will be based on the division's revenues and operating earnings.