August 12, 2010 James E. Hohmann, CEO FBL Financial Group, Inc. West Des Moines, IA 50266 Re: Forbearance Agreement/Dividend Reduction Dear Jim:FBL Financial Group Inc • November 4th, 2010 • Life insurance
You will recall we executed a Forbearance Agreement effective until August 31, 2010 in regard to the royalty agreement between the Iowa Farm Bureau Federation ("IFBF") and the insurance companies that are managed by FBL using the Farm Bureau name, Farm Bureau Property & Casualty Insurance Company and Farm Bureau Life Insurance Company (hereinafter "Insurance Companies"). Paragraph 9(d) of the royalty agreement states that a reduction in the quarterly dividend by FBL below $.10 per quarter creates a power of termination of the agreement on the part of IFBF.
SEPARATION AGREEMENT AND RELEASE OF ALL CLAIMSSeparation Agreement and Release • November 4th, 2010 • FBL Financial Group Inc • Life insurance • Iowa
This confidential Separation Agreement and Release of All Claims ("Agreement"), effective upon the execution of this Agreement, is made and entered into by Bruce A. Trost (the "Executive") and FBL Financial Group, Inc. and its affiliated companies as listed on attached Exhibit “A” (collectively "FBL" or the "Company"). By signing this Agreement, the Executive and Company agree as follows:
