Re: Letter Agreement regarding Office Space and Support and Tax and Financial PlanningLetter Agreement • March 25th, 2020 • Protective Life Insurance Co • Life insurance
In anticipation of your ceasing to serve as Executive Chairman of Protective Life Corporation (“Protective”) on November 4, 2019 (the “Protective Separation Date”), the purpose of this Letter Agreement (this “Agreement”) is to set forth our mutual understanding regarding the provision of certain Office Space and Support and AYCO Services (as defined below in Sections 2 and 3, respectively) by Protective for your benefit, as approved by the Compensation and Management Succession Committee of the Board of Directors of Protective (the “Compensation Committee”) in recognition of your long tenure serving in various capacities as a senior officer of Protective and in keeping with its past practices of providing office space and administrative services to former chief executive officers.
