Change of Control Supplement to Employment Agreement Sample Contracts

CHANGE OF CONTROL SUPPLEMENT TO EMPLOYMENT AGREEMENT FOR J. BARRY GRISWELL
Change of Control Supplement to Employment Agreement • May 4th, 2006 • Principal Financial Group Inc • Accident & health insurance • Iowa

THIS CHANGE OF CONTROL SUPPLEMENT TO EMPLOYMENT AGREEMENT (“Supplement”) dated as of February 28, 2006 (the “Supplement Date”) is made by and among Principal Financial Group, Inc., a Delaware corporation, (together with all successors thereto, “ PFGI”), Principal Financial Services, Inc., an Iowa corporation, and Principal Life Insurance Company, an Iowa corporation (together with all successors thereto, “Life”) (each of the foregoing referred to individually as a “Company” or collectively as “Companies”), and J. BARRY GRISWELL (“Executive”). This Supplement supersedes the Change of Control Supplement and Amendment to Employment Agreement between Principal Mutual Holding Company, Principal Financial Group, Inc., Principal Financial Services, Inc. and Principal Life Insurance Company and Executive dated April 1, 2004 (the “Prior Supplement”).

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