Attached files
| file | filename |
|---|---|
| EX-10.8 - EXHIBIT 10.8 - HORACE MANN EDUCATORS CORP /DE/ | a63020ex108.htm |
| EX-99.1 - EXHIBIT 99.1 - HORACE MANN EDUCATORS CORP /DE/ | q22020ex991-glossaryof.htm |
| EX-32.2 - EXHIBIT 32.2 - HORACE MANN EDUCATORS CORP /DE/ | a63020ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - HORACE MANN EDUCATORS CORP /DE/ | a63020ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - HORACE MANN EDUCATORS CORP /DE/ | a63020ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - HORACE MANN EDUCATORS CORP /DE/ | a63020ex311.htm |
| EX-15 - EXHIBIT 15 - HORACE MANN EDUCATORS CORP /DE/ | a63020ex15.htm |
| EX-11 - EXHIBIT 11 - HORACE MANN EDUCATORS CORP /DE/ | a63020ex11.htm |
| EX-10.11B - EXHIBIT 10.11B - HORACE MANN EDUCATORS CORP /DE/ | a63020ex1011b.htm |
| EX-10.10A - EXHIBIT 10.10A - HORACE MANN EDUCATORS CORP /DE/ | a63020ex1010a.htm |
| 10-Q - 10-Q - HORACE MANN EDUCATORS CORP /DE/ | hm10-q63020.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 | $125,000 | |
Board Member Annual Retainer (other than Board Chairman) | $70,000 | |
Audit Committee Chair Retainer | $25,000 | |
All Other Committee Chair Retainers | $15,000 | |
Technology Liaison | $10,000 | |
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 $110,000 in RSUs following the Annual Shareholder Meeting. $110,000 in RSUs if joining the Board within six months after the prior Annual Shareholder Meeting, $55,000 in RSUs if joining more than six 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. |
Last Revision Date: May 20, 2020