0000070684-02-000004 Sample Contracts

Contract
National Western Life Insurance Co • March 28th, 2002 • Life insurance

In consideration of the terms and conditions contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, National Western Life Insurance Company ("NWL") and Robert L. Busby, III ("Employee") agree to modify the Employee Retirement Agreement ("Agreement") by and between NWL and Employee, executed on April 19, 2001. The modification contained herein is made in accordance with section 13 of the Agreement. Both parties hereby agree to change the Employee Retirement Date contained in section 1(b) of the Agreement from March 2, 2002, to March 1, 2002. All rights, obligations and duties of NWL and Employee arising out of, under, or as part of the Agreement shall hereby use March 1, 2002, as the Employee Retirement Date. Nothing in this modification or the negotiations surrounding this modification shall be interpreted to alter, amend, modify or waive any section of the Agreement other than as expressly provided herein. I

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EMPLOYEE RETIREMENT AGREEMENT
Contracts Employee Retirement Agreement • March 28th, 2002 • National Western Life Insurance Co • Life insurance

This Employee Retirement Agreement ("Agreement"), dated this the 19th day of April, 2001, is by and between National Western Life Insurance Company ("NWL") and Robert L. Busby, III ("Employee"). RECITALS WHEREAS, Employee has been an at-will employee of NWL and is retiring from and terminating his employment with NWL; WHEREAS, Employee has been a valued employee of NWL and has provided NWL with 33 years of faithful and loyal service; and WHEREAS, Employee and NWL have agreed upon the terms and conditions upon which employment with NWL will be terminated and desire to set forth those terms and conditions in writing; NOW, THEREFORE, in consideration of the releases and covenants made herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, NWL and Employee hereby agree as follows:

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