Globe Life adopts new Management Incentive Plan effective Jan 1, 2024

GLOBE LIFE INC.

Board adopted new Management Incentive Plan (MIP) effective Jan 1, 2024.
Annual bonus pool equals Corporate Bonus Target times Corporate Performance Percentage, capped at 200%.
Performance measures may include GAAP/non-GAAP metrics such as net operating income, ROE, sales, etc.
Upon qualifying termination after Change in Control, target payout is deemed earned at target level with pro-rata payment.
All bonuses subject to Company Clawback Policy.

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