Second Amendment to Unum Group Non-Qualified Defined Contribution Retirement Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, effective January 1, 2020, updates the Unum Group Non-Qualified Defined Contribution Retirement Plan. It clarifies that Quarterly Performance Incentive payments are excluded from the definition of bonuses under the plan. The amendment is executed by Unum Group and signed by its Vice President, Global Total Rewards. All other terms of the plan remain unchanged.

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EX-10.20 5 unm123120ex1020.htm EX-10.20 Document
Exhibit 10.20
SECOND AMENDMENT
TO THE
UNUM GROUP NON-QUALIFIED DEFINED CONTRIBUTION RETIREMENT PLAN


    The Unum Group Non-Qualified Defined Contribution Retirement Plan (the “Plan”) was established effective January 1, 2014. The Plan has been further amended by a First Amendment, effective January 1, 2019. The Plan is hereby further amended in the following respects:

    1.    The terms used in this Amendment shall have the meanings set forth in the Plan unless the context indicates otherwise.

    2.    Section 1.7(b)(i) is amended by adding the following parenthetical immediately after the word “bonuses”:

    (other than Quarterly Performance Incentive payments)

    3.    This Amendment shall be effective January 1, 2020.

    NOW, THEREFORE, Unum Group has caused this Amendment to be executed on this 4th day of December, 2019.


UNUM GROUP
By /s/ Rob Hecker                    
Title: VP, Global Total Rewards