Exhibit 10.10

 

Summary of Horace Mann Educators Corporation Non-Employee Director Compensation

 

Compensation Element

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Amount

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Chairman Annual Retainer

   $75,000

Board Member Annual Retainer

   $25,000

Board Meeting Fee

   $1,500/live or telephonic meeting

Committee Chair Retainer

   $4,000/committee (audit chair is $7,500)

Committee Meeting Fee

   $1,000/meeting ($1,500 for audit; $2,500 for audit chair)

Deferred Fees

   Deferred fees in the form of common stock equivalents units include a 25%
matching addition.

Share-based Compensation

   2,000 Restricted Stock Units (RSUs) upon joining the Board and 2,000 RSUs
annually thereafter in May

Stock Ownership Guidelines

   2x annual cash retainer within 5 years; must retain all restricted shares
(net of taxes) until guideline is met

 

Retainer fees are paid in May of each year. The retainer fees are prorated to
the extent that a non-employee director joins the Board after May.