Attached files

file filename
EX-99.1 - EXHIBIT 99.1 - HORACE MANN EDUCATORS CORP /DE/a33118ex991.htm
EX-32.2 - EXHIBIT 32.2 - HORACE MANN EDUCATORS CORP /DE/a33118ex322.htm
EX-32.1 - EXHIBIT 32.1 - HORACE MANN EDUCATORS CORP /DE/a33118ex321.htm
EX-31.2 - EXHIBIT 31.2 - HORACE MANN EDUCATORS CORP /DE/a33118ex312.htm
EX-31.1 - EXHIBIT 31.1 - HORACE MANN EDUCATORS CORP /DE/a33118ex311.htm
EX-15 - EXHIBIT 15 - HORACE MANN EDUCATORS CORP /DE/a33118ex15.htm
EX-11 - EXHIBIT 11 - HORACE MANN EDUCATORS CORP /DE/a33118ex11.htm
EX-10.11B - EXHIBIT 10.11B - HORACE MANN EDUCATORS CORP /DE/a33118ex1011b.htm
EX-10.10A - EXHIBIT 10.10A - HORACE MANN EDUCATORS CORP /DE/a33118ex1010a.htm
EX-10.8 - EXHIBIT 10.8 - HORACE MANN EDUCATORS CORP /DE/a33118ex108.htm
10-Q - 10-Q - HORACE MANN EDUCATORS CORP /DE/hm10-q33118.htm

Exhibit 10.7

Director Compensation
The compensation program for non-employee Directors is shown in the following table:
 
 
Compensation Element
Non-Employee Director Compensation (1)(2)
 
 
 
Board Chairman Annual Retainer
$115,000
 
Board Member Annual Retainer
(other than Board Chairman)
$60,000
 
Committee Chairman Annual Retainer
$25,000 Audit Committee
$15,000 Compensation Committee
$15,000 Customer Experience & Technology Committee
$15,000 Investment & Finance Committee
$12,000 Nominating & Governance Committee
 
Committee Member Annual Retainer
(other than Committee Chairman)
$10,000 Audit Committee
$ 7,500 all other Committees (3)
 
Share-based Compensation
Fair value on the date of the respective awards is used to determine the number of Restricted Stock Units (“RSUs”) awarded.
An annual award of $95,000 in RSUs following the Annual Shareholder Meeting. $95,000 in RSUs if joining the Board within 6 months after the prior Annual Shareholder Meeting, $47,500 in RSUs if joining more than 6 months after the prior Annual Shareholder Meeting but before the next Annual Shareholder Meeting.
All awards have a 1 year vesting period.
 
Basic Group Term Life Insurance
Premium for $10,000 face amount
 
Business Travel Accident Insurance
Premium for $100,000 coverage
(1)
Annual retainer fees are paid following the Annual Shareholder Meeting each year. The annual retainer fees are prorated to the extent that a non-employee Director joins the Board after the Annual Shareholder Meeting.
(2)
Non-employee Directors may elect to defer cash compensation into RSUs.
(3)
All other Committees except for the Executive Committee which is not paid an Annual Retainer.


Last Revision Date: April 6, 2018