Globe Life adopts executive severance plan; Co-CEOs get 2x pay multiple

GLOBE LIFE INC.

Plan covers Co-CEOs and other Named Executive Officers; severance multiples of 2x (Co-CEOs) or 1.5x (others) of base salary plus target bonus.
Severance paid in installments over 18-24 months; includes health coverage for 12 months and outplacement up to $25,000.
Equity award agreements amended: RSUs vest up to 66.67% after 2 years; performance shares prorated upon Qualifying Termination.
Benefits conditioned on release, confidentiality, non-solicitation, non-disparagement; breach allows clawback of payments.

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