Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - HORACE MANN EDUCATORS CORP /DE/ | d8k.htm |
| EX-10.17.(A) - SPECIMEN NON-EMPLOYEE DIRECTOR RESTRICTED STOCK UNIT AGREEMENT - HORACE MANN EDUCATORS CORP /DE/ | dex1017a.htm |
Exhibit 10.10
Summary of Horace Mann Educators Corporation Non-Employee Director Compensation
| Compensation Element |
Non-Employee Director Compensation | |
| Board Chairman Annual Retainer |
$90,000 | |
| Board Member Annual Retainer (other than Board Chairman) |
$40,000 | |
| Committee Chairman Annual Retainer |
$30,000 Audit Committee $10,000 Compensation Committee $ 7,500 all other Committees | |
| Committee Member Annual Retainer (other than Committee Chairman) |
$10,000 Audit Committee $ 5,000 all other Committees | |
| Share-based Compensation |
Fair value on the date of the respective awards is used to determine the number of Restricted Stock Units (“RSUs”) awarded. $60,000 in RSUs upon joining the Board and an additional $60,000 in RSUs if joining within 6 months after the prior Annual Shareholder Meeting or an additional $30,000 in RSUs if joining more than 6 months after the prior Annual Shareholder Meeting but before the next Annual Shareholder Meeting. An annual award of $60,000 in RSUs thereafter following the Annual Shareholder Meeting. All awards have a 1 year vesting period. | |
| Deferred Fees Match |
Directors electing to defer cash compensation into Common Stock equivalent units (“CSUs”) receive a 25% match in additional CSUs. | |
| Basic Group Term Life Insurance |
Premium for $10,000 face amount | |
| Business Travel Accident Insurance |
Premium for $100,000 coverage | |
Annual retainer fees are paid following the Annual Shareholder Meeting of each year. The annual retainer fees are prorated to the extent that a non-employee Director joins the Board after the Annual Shareholder Meeting or leaves the Board prior to the next Annual Shareholder Meeting.
Last revision date: May 27, 2010
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