Document:

exv10w34

 

Exhibit 10.34

ALL*AMERUS EXCESS BENEFIT PLAN

Amended and Restated

Generally Effective January 1, 2002

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page No.
	ARTICLE 1:

	 	ESTABLISHMENT OF PLAN
	 	 	1	 
	 
	 	 	 	 	 	 
	ARTICLE 2:

	 	ELIGIBILITY
	 	 	1	 
	 
	 	 	 	 	 	 
	ARTICLE 3:

	 	BOOKKEEPING ACCOUNTS
	 	 	1	 
	 
	 	 	 	 	 	 
	ARTICLE 4:

	 	BENEFIT CREDITS
	 	 	2	 
	 
	 	 	 	 	 	 
	ARTICLE 5:

	 	PHANTOM INVESTMENT CREDITS
	 	 	2	 
	 
	 	 	 	 	 	 
	ARTICLE 6:

	 	PAYMENT OF BENEFITS
	 	 	2	 
	 
	 	 	 	 	 	 
	ARTICLE 7:

	 	PARTICIPANTS’ RIGHTS
	 	 	3	 
	 
	 	 	 	 	 	 
	ARTICLE 8:

	 	ADMINISTRATION
	 	 	4	 
	 
	 	 	 	 	 	 
	ARTICLE 9:

	 	CLAIMS AND APPEAL PROCEDURES
	 	 	4	 
	 
	 	 	 	 	 	 
	ARTICLE 10:

	 	AMENDMENT AND DISCONTINUANCE
	 	 	6	 
	 
	 	 	 	 	 	 
	ARTICLE 11:

	 	RESTRICTIONS ON ASSIGNMENT
	 	 	6	 
	 
	 	 	 	 	 	 
	ARTICLE 12:

	 	NATURE OF AGREEMENT
	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE 13:

	 	CONTINUED EMPLOYMENT
	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE 14:

	 	BINDING ON COMPANY, PARTICIPANTS AND THEIR SUCCESSORS
	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE 15:

	 	PAYMENTS MADE BY MISTAKE
	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE 16:

	 	LAWS GOVERNING
	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE 17:

	 	TAXES
	 	 	8	 

 

 

All*AMERUS EXCESS BENEFIT PLAN

ARTICLE 1: ESTABLISHMENT OF PLAN

     Effective January 1, 1996, American Mutual Life Insurance Company (“AMLI”) established the
All*AmerUs Excess Benefit Plan (the “Excess Plan”). Following a corporate reorganization, AmerUs
Life Holdings, Inc. became the successor sponsor of the Excess Plan effective August 1, 1996, on
which date it succeeded AMLI as the “Company” under the Excess Plan. Pursuant to another corporate
reorganization, AmerUs Group Co. became the successor sponsor of the Excess Plan effective
September 18, 2000, on which date it succeeded AmerUs Life Holdings, Inc. as the “Company” under
the Excess Plan. The Excess Plan is hereby amended and restated effective as of January 1, 2002.

     The Excess Plan is maintained for the sole purpose of providing benefits for employees
participating in the All*AmerUs Savings & Retirement Plan (the “Savings Plan”) whose contributions
under the Savings Plan are limited by section 415 of the Internal Revenue Code of 1986 (the
“Code”). The Excess Plan is an unfunded excess benefit plan, as defined in sections 3(36) and
4(b)(5) of the Employee Retirement Income Security Act of 1974 (“ERISA”), and, therefore, exempt
from ERISA.

ARTICLE 2: ELIGIBILITY

     An employee may participate in this Excess Plan only if his annual additions to the Savings
Plan actually are limited by Code section 415 (“Participant”). A Participant must complete such
forms and make such elections as the Company’s Benefit and Pension Committee (“Committee”) may
require.

ARTICLE 3: BOOKKEEPING ACCOUNTS

	 	(1)  	A bookkeeping account shall be established for each Excess Plan Participant, to
record his interest in the Excess Plan.
	 
	 	(2)  	Each Participant’s account shall be divided into subaccounts corresponding to
subaccounts under the Savings Plan.
	 
	 	(3)  	Such other subaccounts shall be established as the Committee determines are
necessary to keep track of Participants’ interests under the Excess Plan.
	 
	 	(4)  	A Participant shall vest in a subaccount under this Excess Plan at the same
rate and in the same manner as he vests in the corresponding subaccount under the
Savings Plan.
	 
	 	(5)  	Excess Plan records shall be kept on a calendar-year basis.

ARTICLE 4: BENEFIT CREDITS

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     Each year, the following calculations shall be performed for each Participant:

	 	(a)  	His annual addition (within the meaning of Code section 415(c)(2)) shall be
calculated under the Savings Plan, with regard to all of the limitations imposed by
Code section 415.
	 
	 	(b)  	His annual addition shall be calculated under the Savings Plan without regard
to any of the limitations imposed by Code section 415.

     The difference between (b) and (a) shall be credited to the Participant’s bookkeeping account
under this Excess Plan and allocated among his subaccounts established under Article 3 above, in
accordance with generally accepted accounting principles.

ARTICLE 5: PHANTOM INVESTMENT CREDITS

     Each Participant may elect to invest, on a hypothetical basis, his bookkeeping account under
this Excess Plan in the investment options available to him under the Savings Plan without regard
to whether corresponding amounts under the Savings Plan must be invested in Company stock. A
Participant’s investment elections under this Excess Plan shall be independent of his investment
elections under the Savings Plan. A Participant’s account under this Excess Plan shall be credited
(or debited) with the investment return (including losses) it would have earned had it actually
been invested according to the Participant’s directions. The account of a Participant who fails to
make an investment election shall receive the performance it would have received had it been
invested in the default option under the Savings Plan.

ARTICLE 6: PAYMENT OF BENEFITS

     The vested balance in a Participant’s account under this Excess Plan shall be paid as soon as
administratively feasible following his termination of employment (on account of retirement,
disability, etc.) with the Company and its affiliates. The Committee shall determine in which of
the following forms the Participant’s benefits shall be paid:

	 	(a)  	A single cash sum;
	 
	 	(b)  	Periodic installments paid monthly, quarterly, or annually over a period
designated by the Committee;
	 
	 	(c)  	Periodic installments paid monthly, quarterly, or annually in a dollar amount
specified by the Committee;
	 
	 	(d)  	A joint and 50% survivor annuity for the lives of the Participant and spouse,
which is purchased from a life insurance company with the proceeds of the Participant’s
bookkeeping account; or

3

 

	 	(e)  	An annuity for the Participant’s life, which is purchased from a life insurance
company with the proceeds of the Participant’s bookkeeping account.

     Installment payments under paragraph (b) or (c) shall not be made over a period exceeding the
Participant’s life expectancy.

     An annuity described in paragraph (d) or (e) shall be purchased from an insurance company
designated in writing by the Participant. The purchase of an annuity under this Article shall
discharge the Excess Plan, the Company, and the Committee from all obligations to the Participant.

     In the event the Participant dies before his vested account balance is exhausted, the balance
shall be paid to his beneficiary (as determined in accordance with the terms of the Savings Plan)
in a single sum as soon as administratively feasible.

     All amounts not vested in accordance with the terms of the Excess Plan shall be forfeited upon
the Participant’s termination of employment with the Company.

ARTICLE 7: PARTICIPANT’S RIGHTS

     This Excess Plan is unfunded for purposes of the Internal Revenue Code and ERISA.
Accordingly, no Participant or beneficiary shall have any title to or beneficial ownership in any
assets of the Company.

     All benefits payable under this Excess Plan (including those derived from Participant’s
deferrals) shall be general, unsecured obligations of the Company to be paid by the Company from
its own funds, and such payments shall not (a) impose any obligation upon the trust fund under the
Savings Plan; (b) be paid from the trust fund under the Savings Plan; or (c) have any effect
whatsoever upon the Savings Plan or the payment of benefits from the trust fund under the Savings
Plan.

4

 

ARTICLE 8: ADMINISTRATION

     This Excess Plan shall be administered by the Committee, which shall administer it as an
unfunded plan which is not intended to meet the qualification requirements of section 401 of the
Code. The Committee shall have discretionary authority to interpret and administer this Excess
Plan, and to issue rules and regulations for its governance. No member of the Committee shall be
liable to any person for any action taken or omitted in connection with the interpretation or
administration of this Excess Plan. A Committee member shall not participate in any action or
determination regarding his own benefits. The Company may remove and select a new plan
administrator in the Company’s sole discretion.

ARTICLE 9: CLAIMS AND APPEAL PROCEDURES

     It shall not be necessary for a Participant or beneficiary entitled to receive a benefit
hereunder to file a claim for such benefit with any person in order to receive such benefit.
However, any Participant or beneficiary who believes that he is entitled to receive a benefit
hereunder and has not received or begun receiving a distribution of such benefit or who believes
that he is entitled to a benefit hereunder in excess of the benefit which he has received or begun
receiving, may file a written claim for such benefit or increased benefit with the Committee at any
time up to the last day of the 12-month period that begins on the earlier of (i) the date on which
the claimant learned of facts sufficient to enable the claimant to formulate such claim, or (ii)
the date on which the claimant reasonably should have been expected to learn of facts sufficient to
enable the claimant to formulate such claim. Such written claim shall set forth the Participant’s
or beneficiary’s name and address and shall include a statement of the facts and a reference to the
pertinent provisions of the Excess Plan upon which such claim is based. A claimant who does not
timely and properly file his claim as herein required shall to the extent permitted by law be
conclusively deemed to have waived any right to the benefit or increased benefit not provided.

     Within 90 days after such claim is filed, the Committee shall provide the claimant with
written notice of its decision with respect to such claim. If such claim is denied in whole or in
part, the Committee shall, in such written notice to the claimant, set forth in a manner calculated
to be understood by the claimant the specific reason or reasons for denial; specific references to
pertinent provisions of the Excess Plan upon which the denial is based; a description of any
additional material or information necessary for the claimant to perfect his claim and an
explanation as to why such material or information is necessary; an explanation of the provisions
for review of claim denials set forth in this Article; and a statement that if the claimant fails
to seek review of the claim denial under this Article within the 60-day period described below he
shall, to the extent permitted by law, be conclusively deemed to have waived any right to contest
in any forum the determination of the Committee. If special circumstances require additional time,
the Committee may extend the period allowed for notice of its decision by a period not to exceed 90
days. Written notice of such extension, stating the circumstances requiring the extension and the
date by which a final decision is expected, shall be provided to the claimant before the expiration
of the initial 90-day period. With respect to any claim, in the event that the Committee fails to
provide the written notice described herein within the time period described herein, the claimant’s
claim shall be deemed to be denied by the Committee.

5

 

     A Participant or beneficiary whose claim for benefits has been denied may appeal such denial
to the Committee and receive a full and fair review of his claim by filing with the Committee a
written application for review at any time within 60 days after the Committee gives him the written
notice of denial of his claim or, if no such notice has been given to the Participant, within 60
days after the end of the 90-day (or extended) period described above. A Participant or
beneficiary who submits a timely written application for review shall be entitled to review any and
all documents pertinent to his claim and may submit issues and comments to the Committee in
writing. In the sole and absolute discretion of the Committee, a hearing may be held. Not later
than 60 days after receipt of a written application for review, the Committee shall give the
claimant written notice of its decision on review, which shall set forth in a manner calculated to
be understood by the claimant specific reasons for its decision and specific references to the
pertinent provisions of the Excess Plan upon which the decision is based. If special
circumstances, including (but not limited to) the need for a hearing as determined by the
Committee, shall require additional time for making a decision on review, the period for decision
may be extended by not more than 60 days. Written notice of such extension, stating the
circumstances requiring the extension and the date by which a final decision is expected, shall be
provided to the claimant before the expiration of the initial 60-day period. With respect to any
appeal, in the event that the Committee fails to provide the written notice within the time period
described herein, the appeal shall be deemed to be denied. The decision of the Committee, shall,
to the maximum extent permitted by law, be final and binding on all parties. A claimant who shall
not timely file his written application for review as required shall, to the maximum extent
permitted by law, be conclusively deemed to have waived any right to contest in any forum the
initial determination of the Committee.

     Any act permitted or required to be taken by a Participant or beneficiary by this Article may
be taken for and on behalf of such Participant or beneficiary by such Participant’s or
beneficiary’s duly authorized representative. Any fees or expenses charged or incurred by such
representative shall be the liability of the Participant or beneficiary, and not the liability of
the Company, the Excess Plan, the Committee, or any other person. Any claim, notice, application,
or other writing permitted or required to be filed with, provided, or given to a party by this
Article shall be deemed to have been filed, provided, or given when deposited in the United States
mail, postage prepaid, and properly addressed to the party to whom it is to be provided or given or
with whom it is to be filed. Any such notice, application, or other writing directed to a
Participant or beneficiary shall be deemed properly addressed if directed to the address set forth
in the written claim filed by such Participant or beneficiary.

     No legal action to recover Excess Plan benefits or to enforce or to clarify rights under the
Excess Plan shall be commenced unless and until the claimant first shall have exhausted the claims
and appeal procedures available to the claimant hereunder. A claimant must raise all issues and
present all theories relating to his claim to the Committee at one time. Otherwise, the claimant
shall be deemed to have abandoned forever all issues and theories not raised and presented to the
Committee.

     Any suit brought to contest a decision of the Committee shall be filed in a court of competent
jurisdiction within one (1) year from receipt of written notice of the Committee’s final

6

 

decision or from the date the appeal is deemed denied, and any suit not filed within this one-year
limitation period shall be dismissed by the court.

     In any suit contesting a decision of the Committee, all issues of fact shall be tried by the
court and not by a jury. No evidence may be introduced in court which was not previously presented
to the Committee and no evidence may be introduced to modify or contradict the terms of the Excess
Plan document.

     The Committee shall have full discretionary authority to interpret and apply the terms of the
Excess Plan document and other relevant documents and relevant provisions of law. This grant of
authority shall be construed to be as broad as permitted by law and shall include the authority to
find facts, to reach conclusions of law, to interpret and apply ambiguous terms, and to supply
missing terms reasonably necessary to resolution of claims and appeals.

ARTICLE 10: AMENDMENT AND DISCONTINUANCE

     The Company may at any time amend any or all provisions of this Excess Plan in any respect
(including retroactively) to the maximum extent permitted by law. Such an amendment may be made at
any time by written instrument identified as an amendment of the Excess Plan effective as of a
specified date (or dates) and such amendment shall be binding on all Participants, beneficiaries,
and other individuals and entities. Notwithstanding the foregoing, no such amendment shall,
without the consent of the Participant, have the effect of reducing a Participant’s account balance
immediately before the amendment is adopted.

     The Company expects to continue the Excess Plan indefinitely. However, the Company shall, to
the maximum extent permitted by law, have the right at any time to terminate the Excess Plan
(including retroactively) in whole or in part or to otherwise terminate the Excess Plan (including
retroactively). In accordance with any amendment to the Excess Plan that may be adopted in
connection with any such termination, the Company may after such termination continue the Excess
Plan for the purpose of making distributions under the Excess Plan as they become payable, or may
accelerate distributions.

ARTICLE 11: RESTRICTIONS ON ASSIGNMENT

     The interest of a Participant or his beneficiary in the Excess Plan may not be sold,
transferred, assigned, or encumbered in any manner, either voluntarily or involuntarily, and any
attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber, or change the same
shall be null and void; neither shall the benefits hereunder be liable for or subject to the debts,
contracts, liabilities, engagement, or torts of any person to whom such benefits or funds are
payable, nor shall they be subject to garnishment, attachment, or other legal or equitable process
nor shall they be an asset in bankruptcy, except that no amount shall be payable hereunder until
and unless any and all amounts representing debts or other obligations owed to the Company or any
affiliate of the Company by the employee with respect to whom such amount would otherwise be
payable shall have been fully paid and satisfied.

7

 

ARTICLE 12: NATURE OF AGREEMENT

     The adoption of this Excess Plan and any setting aside of amounts by the Company with which to
discharge its obligations hereunder shall not be deemed to create a trust (other than a grantor
trust within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Code);
legal and equitable title to any funds so set aside shall remain in the Company, and any recipient
of benefits hereunder shall have no security or other interest in such funds. Any and all funds so
set aside shall remain subject to the claims of the general creditors of the Company, present and
future, and no payment shall be made under this Excess Plan unless the Company is then solvent.
This provision shall not require the Company to set aside any funds, but the Company may set aside
such funds if it chooses to do so.

ARTICLE 13: CONTINUED EMPLOYMENT

     Nothing contained herein shall be construed as conferring upon any employee the right to
continue in the employ of the Company in any capacity.

ARTICLE 14: BINDING ON COMPANY, PARTICIPANTS

AND THEIR SUCCESSORS

     This Excess Plan shall be binding upon and inure to the benefit of the Company, its successors
and assigns and the Participants and their heirs, executors, administrators and legal
representatives.

ARTICLE 15: PAYMENTS MADE BY MISTAKE

     Notwithstanding anything to the contrary, a Participant or beneficiary is entitled only to
those benefits provided by the Excess Plan and promptly shall return any payment made by mistake of
fact or law.

ARTICLE 16: LAWS GOVERNING

     This Excess Plan shall be construed in accordance with and governed by the laws of the State
of Iowa (but without regard to Iowa’s principles on the conflicts of laws).

ARTICLE 17: TAXES

     The Company does not represent or guarantee that any particular tax consequences (favorable or
unfavorable) will result from participation in the Excess Plan. Participants shall bear their
share of taxes assessed against them because of benefits paid or accrued under the Excess Plan.
Any taxes owed may be withheld from or charged against benefits otherwise payable from the Excess
Plan or compensation otherwise payable by the Company.

* * *

8

 

     IN WITNESS WHEREOF, AmerUs Group Co. has caused this instrument to be executed by its duly
authorized officer, effective as of January 1, 2002.

AMERUS GROUP CO.

9exv10w35

 

Exhibit 10.35

POST-RETIREMENT CONSULTING

AND NONCOMPETITION AGREEMENT

     This Consulting Agreement (this “Agreement”) is made as of December 31, 2005 (the “Effective
Date”), by and between:

     Roger K. Brooks, an individual resident of Iowa; and

     AmerUs Group Co., an Iowa stock corporation, which has its principal place of business at 699
Walnut Street, Des Moines, Iowa 50309 (“AmerUs”).

BACKGROUND

     A. Mr. Brooks has previously served as the Chairman and Chief Executive Officer of AmerUs.

     B. As part of the terms under which Mr. Brooks is retiring from the employ of AmerUs, the
parties desire to have him provide certain services to AmerUs, as an independent contractor,
relating to the business and operations of AmerUs for a term following Mr. Brooks’s retirement.

     C. AmerUs also undertakes to restrict Mr. Brooks’s other activities during the term of this
Agreement.

     NOW, THEREFORE, the parties agree as follows:

TERMS

SECTION 1 Consultant Services.

	 	1.1  	Term of Agreement. The term of this Agreement runs from the Effective Date
until December 31, 2008, subject to the provisions of Section 1.4 of this Agreement.
	 
	 	1.2  	Services. Mr. Brooks shall, during the first two years of the term of this
Agreement, provide personal consulting services to AmerUs, as requested by the Chief
Executive Officer of AmerUs and in accordance with the other terms of this Agreement.
	 
	 	1.3  	Time Commitment. Mr. Brooks will be available for up to 40 hours per month to
provide the services described in Section 1.2.

 

 

	 	1.4  	Independent Status.

	 	(A)  	The relationship of Mr. Brooks to AmerUs is that of an independent
contractor.
	 
	 	(B)  	Nothing in this Agreement is intended or may be construed to constitute
Mr. Brooks a common-law employee or agent of AmerUs.
	 
	 	(C)  	Mr. Brooks may not be treated as an employee of AmerUs for U.S. federal
or state tax purposes with respect to the services performed for AmerUs under this
Agreement.
	 
	 	(D)  	Mr. Brooks is not entitled, solely by reason of this Agreement, to any
benefits provided by AmerUs to its employees, including without limitation health
and retirement benefits.

SECTION 2 Restrictive Covenants.

	 	2.1  	Noncompetition. During the three years immediately following the Effective
Date, Mr. Brooks shall not, without the prior written consent of AmerUs, which may be given
or withheld in AmerUs’s sole discretion, engage in, represent in any way, or be connected
with any business or activity that is involved in the financial services industry, in any
capacity, including without limitation as an officer, director, partner, employee, agent,
proprietor, stockholder, consultant, or otherwise, except for the ownership of a not more
than 5% stock interest in a publicly traded corporation.

	 	2.2  	Nonsolicitation. For the period of three years immediately following the
Effective Date, Mr. Brooks shall not, directly or indirectly, without the prior written
consent of AmerUs, which may be given or withheld in its sole discretion:

	 	(A)  	solicit business, which is competitive with the business of AmerUs or
any Affiliates:

	 	(i)  	from any person, firm, or entity that was a customer,
supplier, of AmerUs or its Affiliates or was likewise involved with respect
to any part of the business of AmerUs or its Affiliates at any time during
the two years preceding the Effective Date; or

	 	(ii)  	from any potential customer, or supplier, with which
AmerUs or any Affiliate has had active discussions concerning potential
business at any time during the two years preceding the Effective Date; or

	 	(B)  	induce or attempt to induce any person, firm, or entity referred to in
Section 2.1(A)(i) to reduce its business with AmerUs or any Affiliate; or

 

 

	 	(C)  	solicit or attempt to solicit any employee or agent of AmerUs or any
Affiliate to leave the employ of AmerUs or the Affiliate.

	 	2.3  	Nondisclosure.

	 	(A)  	Mr. Brooks shall not, unless authorized or instructed in writing by
AmerUs to do so, disclose to others or use any confidential information concerning
the business and affairs of AmerUs and its Affiliates.

	 	(B)  	All information, whether written or not and whether or not obtained
from third parties or developed by Mr. Brooks, regarding the business of AmerUs
(including without limitation information relating to finances, business plans,
existing or contemplated services or products, existing or prospective customers,
executed or prospective contracts and existing or prospective business
arrangements) and its Affiliates is deemed to be confidential, except to the extent
that such information has been lawfully and without breach of confidential
obligation made generally available to the public.

	 	2.4  	Independent Covenants. The restrictions set forth in this Section 2 must be
construed as independent covenants, and the existence of any claim or cause of action
against AmerUs or any of its Affiliates, whether predicated upon this Section 2 or
otherwise, does not constitute a defense to the enforcement by AmerUs or any of its
Affiliates of the restrictions contained herein.

	 	2.5  	Unenforceable Provisions. If any of the restrictions contained in this Section
2 is deemed to be unenforceable by reason of its extent, duration, or geographical scope,
or otherwise, then the court making such determination may reduce such extent, duration,
geographical scope, or other provisions, and in its reduced form such restriction is then
enforceable to its full extent.

	 	2.6  	Acknowledgments. Mr. Brooks acknowledges that:

	 	(A)  	the restrictions contained in this Section 2 are reasonable and
necessary to protect the business and interests of AmerUs and its Affiliates;

	 	(B)  	any violation of these restrictions will cause substantial irreparable
injury to AmerUs and its Affiliates and that monetary remedies alone, including
forfeiture of the unvested and unpaid compensation provided in Section 3 of this
Agreement, may not be sufficient; and

	 	(C)  	AmerUs and its Affiliates are all intended beneficiaries of the
restrictions set forth in this Section 2 and that each Affiliate may enforce these
restrictions separate and apart from any enforcement thereof by AmerUs.

	 	2.7  	Other Remedies. Nothing in this Agreement may be construed as prohibiting or
limiting AmerUs or its Affiliates from pursuing any other remedy or remedies that may be
permitted at law or in equity, including without limitation injunctive relief and recovery
of damages.

 

 

	 	2.8  	Affiliate. For purposes of this Agreement, the term “Affiliate” means any
person or entity that controls, is controlled by, or is under common control with AmerUs.

SECTION 3 Payment.

	 	3.1  	Grant of Restricted Stock Units. As of the Effective Date, AmerUs shall issue
Restricted Stock Units (the “Agreement RSUs”) to Mr. Brooks in a number equal to $2 million
divided by the closing price of AmerUs’s Class A common stock on December 30, 2005,
adjusted up to next whole number equally divisible by eight.

	 	3.2  	Payment Schedule. If Mr. Brooks has satisfied all of his obligations under
this Agreement through the period preceding each of the following payment dates, AmerUs
shall, as sole compensation for his services and covenants under this Agreement, issue to
Mr. Brooks unrestricted shares of stock corresponding with the Agreement RSUs according to
the following schedule:

	 	(A)  	on December 29, 2006, one-quarter of the Agreement RSUs (of which
one-sixteenth of the Agreement RSUs shall be allocable to Mr. Brooks’s consulting
services under Section 1, and the remainder allocable to his obligations under
Section 2);
	 
	 	(B)  	on July 1, 2007, one-eighth of the Agreement RSUs (of which
one-thirty-second of the Agreement RSUs shall be allocable to Mr. Brooks’s
consulting services under Section 1, and the remainder allocable to his obligations
under Section 2);
	 
	 	(C)  	on December 28, 2007, one-eighth of the Agreement RSUs(of which
one-thirty-second of the Agreement RSUs shall be allocable to Mr. Brooks’s
consulting services under Section 1, and the remainder allocable to his obligations
under Section 2) ;
	 
	 	(D)  	on July 1, 2008, one-quarter of the Agreement RSUs (all of which shall
be allocable to Mr. Brooks’s obligations under Section 2); and
	 
	 	(E)  	on January 2, 2009, one- quarter of the Agreement RSUs (all of which
shall be allocable to Mr. Brooks’s obligations under Section 2).

	 	3.3  	Earlier Vesting and Payment. In the event of Mr. Brooks’s death or disability
(within the meaning of section 409A of the Internal Revenue Code) before the termination of
this Agreement, or upon the occurrence of any event with respect to AmerUs which
constitutes a change-in-control event within the meaning of section 409A of the Internal
Revenue Code, all of the unvested Agreement RSUs shall vest in Mr. Brooks and AmerUs shall
thereupon issue to Mr. Brooks unrestricted shares of stock corresponding to the Agreement
RSUs for which shares had not yet been issued.

 

 

	 	3.4  	Expenses. AmerUs shall pay directly or reimburse Mr. Brooks for his reasonable
business expenses incurred in performing his duties under this Agreement.

SECTION 4 General Provisions.

	 	4.1  	Entire Agreement. This Agreement constitutes the entire agreement among the
parties with respect to its subject matter, and this Agreement supersedes all prior
understandings and agreements between the parties with respect to its subject matter.
	 
	 	4.2  	Changes.

	 	(A)  	No modification, amendment, or waiver of any provision of this
Agreement is effective unless reduced to writing and signed by the parties.
	 
	 	(B)  	A party’s failure at any time to enforce any of the provisions of this
Agreement may not:

	 	(i)  	be construed as a waiver of any such provision; and
	 
	 	(ii)  	affect the right of such party thereafter to enforce
any such provision in accordance with its terms.

	 	4.3  	Assignment.

	 	(A)  	This Agreement may not be assigned by a party without the prior written
consent of the other party, except that AmerUs may assign this Agreement to any
Affiliate or successor.
	 
	 	(B)  	The rights of a party to this Agreement inure to:

	 	(i)  	the benefit of any permitted assignee; and
	 
	 	(ii)  	in the case of Mr. Brooks, to his heirs, legatees,
personal representatives, executor, or administrator.

	 	4.4  	Applicable Law. This Agreement and the rights and obligations of the parties
must be construed, interpreted, and enforced in accordance with, and governed by the laws
of, the State of Iowa.
	 
	 	4.5  	Counterparts. This Agreement may be executed in any number of counterparts,
including counterparts transmitted by facsimile of this Agreement, each of which so
executed is deemed to be an original, and such counterparts together, upon delivery,
constitute one and the same instrument.

{Signatures begin on next page.}

 

 

     IN WITNESS WHEREOF, each of the undersigned has signed this Consulting Agreement, or has
caused this Consulting Agreement to be signed on his or its behalf, as of the date set out above.

	 	 	 	 	 
	 	AMERUS GROUP CO.

 	 
	 
	 	By:  	 	 
	 	Name:  	 
	 	Title:  	 
	 

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	Roger K. Brooks

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}]]