Document:

Payments to Directors

 Exhibit 10.35 
  
 Payments to Directors 
  
 Directors of the Company are currently compensated on the following basis: 
  

(1) Directors who are not officers or employees of the Company or a subsidiary of the Company (Outside Directors) receive a fee of $2,000 for
each physical Board or Board Committee meeting, a fee of $500 for each telephonic Board or Board Committee meeting in which they participate, and an annual retainer of $45,000, payable each January for the entire year. They do not receive fees for
the execution of written consents in lieu of Board meetings or in lieu of Board committee meetings. They receive reimbursement for their travel and lodging expenses if they do not live in the area where a meeting is held. 
  
 (2) Beginning January 1, 2007, the outside directors who chair the
Audit Committee, the Compensation Committee and the Governance and Nominating Committee receive annual Committee Chair retainers, payable in quarterly installments. The Audit Committee Chair receives $10,000 and the Compensation Committee Chair and
the Governance and Nominating Committee Chair each receive $5,000. 
  
 (3) Pursuant to the provisions of a non-employee director subplan under the Company’s is then active omnibus incentive plan, each Outside Director is automatically awarded annually non-qualified stock options on 6,000
shares of Company common stock on the first day of each calendar year in which stock is traded on the New York Stock Exchange at the NYSE market closing price on that date. Each of Messrs. Adair, Boren, Ingram, Lanier, McCormick, Newton Perry, Lamar
Smith and Zucconi and Ms. Buchan received a 6,000 share stock option on January 3, 2007 at the grant-date fair market exercise price of $64.46 per share pursuant to the 2005 Incentive Plan. 
  
 The entire Board may award non-qualified stock options on a non-formula
basis to all or such individual Outside Directors as it selects under the non-employee director subplan of the 2007 Long-Term Compensation Plan and could also make such awards under the 2005 Incentive Plan until it was terminated in April 2007. Such
options may be awarded at such times and for such number of shares as the Board in its discretion determines. The price of such options will be fixed by the Board at the fair market value of the stock on the grant date. No stock options were awarded
on a non-formula basis in 2007. 
  
 Non-employee directors
could also complete a timely irrevocable election for a calendar year and defer annual director compensation (retainers and Board and Committee meeting fees assuming attendance at all scheduled meetings) pursuant to the 2005 Incentive Plan in 10%
increments but not less than 50% of such compensation into non-qualified stock options. Any such deferred compensation stock options were granted an exercise price equal to the fair market value (NYSE market closing price) on a date selected by the
Compensation Committee during January in the calendar year to which the election relates. Harold McCormick made a timely election to defer 100% of his 2007 annual compensation and on January 19, 2007 was awarded 2,562 options with a grant date fair
market value of $64.59. 
  
 Outside directors receive very limited
perquisites and other personal benefits, which may include holiday gifts, personal use of Company airplanes and costs associated with spouses’ travel to Board meetings. In 2007, no outside directors received perquisites with an aggregate
incremental cost to the Company in excess of $10,000. 
  
 The retirement
program for non-employee directors was terminated in February 2000. Directors who had already retired prior to the program’s termination continue to receive their cash benefits, while directors who had an accrued but unpaid benefit on the
termination date converted the present values of such retirement benefits on that date to stock options. 
  
 Non-employee directors may also elect to defer their director compensation to the Company’s traditional deferred compensation plan, which is more fully
described in Compensation Discussion and Analysis on page 29. Director Joseph L. Lanier, Jr. has deferred compensation into the plan in the past but is not currently doing so. He receives interest, which is not paid at preferential or above-market
rates, on his plan balance. He is not currently receiving any payments from this plan. No other directors participate in this plan. 
  
 Directors who are employees of the Company or its subsidiaries receive no compensation for Board service.Amendment No. 1 to the Torchmark Corporation Supplemental Excecutive Retirement

 Exhibit 10.53 
 AMENDMENT ONE 
 TO THE 
 TORCHMARK CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 

Pursuant to Section 9.1 of the Torchmark Corporation Supplemental Executive Retirement Plan as established effective January 1, 2007 (the
“Plan”), Torchmark Corporation (the “Company”) hereby amends the Plan, effective January 1, 2007, as follows: 
  

	 	1.	Section 2.5 of the Plan is replaced in its entirety and shall read as follows: 

 2.5 Beneficiary shall mean the person or persons designated to receive (a) pre-retirement death benefits payable under Article 5 of this Plan or (b) payments remaining under a period certain of 10 or
20 years option at the Participant’s death. A Participant shall have the right to change his Beneficiary at any time, whether before or after benefit commencement, including a Participant who has elected a Joint and Contingent Survivor Annuity
with a period certain of 10 or 20 years. If a Participant fails to designate a Beneficiary, then his Beneficiary shall be the Participant’s surviving spouse, if one, or if not, the Participant’s estate. 
  

	 	2.	Section 2.15 of the Plan is replaced in its entirety and shall read as follows: 

 2.15 Joint and Contingent Survivor Annuity shall mean an Actuarially Equivalent annuity payable monthly during the lifetime of the Participant with either 50%, 66 2/3% or 100% of such amount continuing after
the Participant’s death for the lifetime of the Participant’s Contingent Joint Annuitant. A Participant may elect to add a period certain of either 10 or 20 years in which event no reduction in payments will be made for the longer of the
10 or 20 year period or the period during which both the Participant and the Contingent Joint Annuitant (who may or may not be the same person as the Beneficiary) remain alive. 
  

	 	3.	New Section 2.27 is added to the Plan and shall read as follows: 

 2.27 Contingent Joint Annuitant shall mean the person or persons designated to receive any survivor annuity benefit payable under this Plan after the death of a Participant receiving benefits in the form of a
Joint and Contingent Survivor Annuity. A Participant who has elected a Joint and Contingent Survivor Annuity shall not have the right to change his Contingent Joint Annuitant except as provided in Section 4.5 hereof. In no event may the
Contingent Joint Annuitant for a Joint and Survivor Annuity be changed after benefit commencement. If a Participant 

 
fails to designate a Contingent Survivor Annuitant, then his Contingent Survivor Annuitant shall be the Participant’s surviving spouse, if one, or if
not, the Beneficiary, if an individual, and if not, the election of a Joint and Contingent Survivor Annuity shall be ineffective. 
  

	 	4.	New Section 2.28 is added to the Plan and shall read as follows: 

 2.28 Dual Eligible Participant shall mean a Participant who is a participant in the Torchmark Corporation Supplementary Retirement Program. 
  

	 	5.	Section 4.3 is replaced in its entirety and shall read as follows: 

 4.3 Normal Form of Payment of Retirement Income. The normal form of payment of Retirement Income under this Plan shall be a Single Life Annuity unless the Participant elects an optional form of payment as
provided in Section 4.4 below or is a Dual Eligible Participant who elected an optional form of payment under the Torchmark Corporation Supplementary Retirement Plan, in which case such election shall apply to this Plan. 
  

	 	6.	Section 4.4 is replaced in its entirety and shall read as follows: 

 4.4 Election of Optional Form of Payment of Retirement Income. Instead of the normal form of payment of Retirement Income described in Section 4.3 above, the Participant may elect to receive his benefits
in the form of a Joint and Contingent Survivor Annuity or a 10 or 20 Year Certain and Life Income Annuity. Such election must be made no later than the thirtieth (30th) day after the date on which the Participant is designated as being eligible
to participate in this Plan. The Joint and Contingent Survivor Annuity or the 10 or 20 Year Certain and Life Income Annuity shall be the Actuarial Equivalent of the Single Life Annuity. A Dual Eligible Participant shall not be permitted to elect an
optional form of payment hereunder, but any election of an optional form of payment made under the Torchmark Corporation Supplementary Retirement Plan shall apply to the payment of Retirement Income from this Plan. 
  

	 	7.	Section 4.5 is replaced in its entirety and shall read as follows: 

 4.5 Modifications to Election. A Participant’s election of an optional form of benefit, or failure to elect an optional form upon initial eligibility shall not be subject to later change or modification
except in accordance with the following: 
 (a) If the Participant elected a Joint and Contingent Survivor Annuity and
subsequent to such election, but prior to benefit commencement, the Participant’s Contingent Joint Annuitant shall die or the Participant and Contingent Joint Annuitant shall be divorced, then, at any time prior to the benefit commencement, the
Participant shall have the right to designate a new Contingent Joint Annuitant or to change his optional form to a Single Life Annuity or a 10 or 20 Year Certain and Life Income Annuity. Absent an affirmative change by the Participant, the
Participant’s benefit shall revert to a Single Life Annuity. 
  

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 (b) If the Participant elected a Single Life Annuity, and subsequent to such election,
but prior to benefit commencement, the Participant shall marry or remarry, then, at any time prior to benefit commencement, the Participant shall have the right to change his election to a Joint and Contingent Survivor Annuity or a 10 or 20 Year
Certain and Life Income Annuity, but only if the Contingent Joint Annuitant of such optional form of benefit is the Participant’s new spouse. 
  

	 	8.	New Section 11.16 is added to the Plan and shall read as follows: 

 11.16 409A. The Plan shall be administered in compliance with Code § 409A, the regulations issued thereunder and guidance related thereto. 
 Done this the 8th day of November, 2007. 
  

			
	 TORCHMARK CORPORATION

		
	By:	 	 /s/ Carol A. McCoy

	Its:	 	Vice President, Associate Counsel and Secretary

  

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