Document:

Exhibit 10.8

 

The table below summarizes
the annualized salaries of Horace Mann Educators Corporation’s (the “Company”) Chief Executive Officer, the Chief
Financial Officer and the other three highest compensated Executive Officers, as defined in the Company’s Proxy Statement
for the 2017 Annual Meeting of Shareholders (collectively the “Named Executive Officers”). These salaries may be changed
at any time at the discretion of the Compensation Committee and/or Board of Directors of the Company. These are base salaries and
do not include short-term and long-term incentive compensation amounts, the Company’s contributions to defined contribution
plans and the Company’s contribution to other employee benefit programs on behalf of these individuals.

 

	Named Executive Officer	Annualized Salary
	
        Marita Zuraitis

        President and Chief Executive Officer
	$850,000
	
        Dwayne D. Hallman*

        Executive Vice President and Chief Financial Officer
	$460,000
	
        William J. Caldwell

        Executive Vice President, Property & Casualty
	$375,000
	
        Matthew P. Sharpe

        Executive Vice President, Life & Retirement
	$415,000
	
        Kelly J. Stacy**

        Senior Vice President, Field Operations and Distribution
	$320,000
	
        Bret A. Conklin*

        Senior Vice President and Controller/Acting CFO
	$320,000

*Bret A. Conklin was named Acting CFO on
January 30, 2017 after a medical incident and then passing of Dwayne D. Hallman on February 3, 2017. He was named Executive Vice
President and CFO effective April 15, 2017. Bret A. Conklin will be a Named Executive Officer in the 2018 Proxy Statement.

**On April 13, 2017, the Company announced
that Kelly Stacy, head of field operations, is leaving the Company effective April 21, 2017. Mr. Stacy’s current responsibilities
will be absorbed by existing members of the management team.

 

Last revision date: April 13, 2017Exhibit 10.9(a)

 

Horace Mann Educators
Corporation (“HMEC”) and Horace Mann Service Corporation (“HMSC”) entered into severance agreements for
change of control with the following persons on the dates shown. These agreements are substantially similar to the one included
as Exhibit 10.13 to HMEC’s Annual Report on Form 10-K for the year ended December 31, 2012 except that the multiple of the
highest annual compensation received by the employee in the five preceding years used to determine a one-time cash payment is equal
to the duration listed below.

 

	 	 	Original	Replacement
	Employee	Duration	Agreement Date	Agreement Date
	 	 	 	 
	Bret A. Conklin	2 years	January 2002	December 2011
	Robert E. Rich	2 years	February 2001	December 2011

 

Last revision date: February 3, 2017Exhibit 10.10(a)

HORACE MANN SERVICE CORPORATION

EXECUTIVE CHANGE IN CONTROL PLAN

 

SCHEDULE A PARTICIPANTS

 

Note: The effective date of entry shall
be subject to Section 4.2(a)

 

	NAME OR TITLE	 	EFFECTIVE DATE OF
	 	 	PARTICIPATION*
	 	 	 
	 	TIER I PARTICIPANTS	 
	President and CEO	 	May 16, 2013
	 	 	 
	 	TIER II PARTICIPANTS	
	EVP, Life & Retirement	 	February 15, 2012
	EVP, Property & Casualty	 	July 1, 2015
	SVP and Controller/Acting CFO	 	**
	 	 	
	 	TIER III PARTICIPANTS	
	SVP, Field Operations and Distribution	 	August 13, 2015***

 

*Subject to acceptance within 30 days of
effective date of participation.

**Subject to Section 4.2(b) of the Plan.

***
On April 13, 2017, the Company announced that Kelly Stacy, head of field operations, is leaving the
Company effective April 21, 2017. Mr. Stacy’s current responsibilities will be absorbed by existing members of the management
team.

 

Last updated: January 30, 2017Exhibit 10.11(b)

HORACE MANN SERVICE CORPORATION

EXECUTIVE SEVERANCE PLAN

 

SCHEDULE A PARTICIPANTS

 

	NAME OR TITLE	 	EFFECTIVE DATE OF
	 	 	PARTICIPATION*
	 	 	 
	 	TIER I PARTICIPANTS	 
	President and CEO	 	May 16, 2013
	 	 	 
	 	TIER II PARTICIPANTS	 
	EVP, Life & Retirement	 	March 22, 2012
	EVP, Property & Casualty	 	July 1, 2015
	 	 	 
	 	TIER III PARTICIPANTS	 
	SVP, Field Operations and Distribution	 	August 13, 2015**
	SVP and Controller/Acting CFO	 	***

 

*Subject to acceptance within 30 days of
effective date of participation.

**On April 13, 2017, the Company announced
that Kelly Stacy, head of field operations, is leaving the Company effective April 21, 2017. Mr. Stacy’s current responsibilities
will be absorbed by existing members of the management team.

***Designates an individual who, as of
the Effective Date of Participation, is covered by a Severance Agreement, as defined in Section 4.3(c)(i) of the Plan.

 

Last updated: February 3, 2017Exhibit

Exhibit 10.1

First Amendment to the 2015 Stock Awards Plan 
Effective May 1, 2017 

The undersigned, being all of the directors of Synalloy Corporation, a Delaware corporation (the Corporation), do hereby consent to and adopt the following First Amendment (the First Amendment) to the 2015 Stock Awards Plan (the Plan). 

WHEREAS, the Corporation desires to amend the Plan based on the terms set forth in this First Amendment. 

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Board of Directors of the Corporation here by agrees as follows: 

1. Amendments. Section 6.A of the Plan is hereby amended by placing the following sentence at the bottom of Section 6.A of the Plan: 

"Notwithstanding the foregoing, the Committee shall have the authority, in its sole and absolute discretion, to establish and amend vesting schedules for stock awards made pursuant to this Plan." 

2. Reaffirmation. The Plan shall remain otherwise in full force and effect and unchanged. 

3. Counterparts. This First Amendment to the Plan may be executed in any number of identical counterparts, any or all of which may contain the signatures of fewer than all of the parties but all of which taken together as a single instrument. 

[SIGNATURES APPEAR ON THE NEXT PAGE]

1

IN WITNESS WHEREOF, the members of the Board of Directors of Synalloy Corporation have duly executed this First Amendment to the Plan as of May 1, 2017. 
	
	
	_________________________

	Murray H. Wright, Chair

	_________________________

	Craig C. Bram

	_________________________

	Anthony A. Callander

	_________________________

	Susan S. Gayner

	_________________________

	Henry L. Guy

	_________________________

	Amy J. Michtich

	_________________________

	James W. Terry, Jr.

	_________________________

	Vincent W. White

2loyal_ex104.htm

EXHIBIT 10.4

 

SUBSCRIPTION AGREEMENT

 

The undersigned (the “Subscriber”), desires to become a holder of common shares (the “Shares”) of Loyal Source Market Services Inc, a corporation organized under the laws of the state of Nevada (the “Company”). Accordingly, the Subscriber hereby agrees as follows:

 

1. Subscription.

 

	

	
1.1
	
The Subscriber h Subscriber hereby subscribes for and agrees to accept from the Company that number of Shares set forth on the Signature Page attached to this Subscription Agreement (the “Agreement”), in consideration of $ 0.04 per share. This offer to purchase is submitted in accordance with and subject to the terms and conditions described in this Subscription Agreement (the "Agreement"). The Subscriber acknowledges that the Company reserves the right, in its sole and absolute discretion, to accept or reject this subscription and the subscription will not be binding until accepted by the Company in writing

 

Subscription of Shares hereunder (the “Closing”) shall occur immediately upon: (i) receipt and acceptance by the Company of a properly executed Signature Page to this Agreement; and (ii) receipt of all funds for the subscription of shares hereunder.

 

2. Purchase Procedure. The Subscriber acknowledges that, in order to subscribe for Shares, he must, and he does hereby, deliver to the Company:

 

Signature Page attached to this Agreement and due bill in the amount set forth on the Signature Page attached to this Agreement, representing payment in full for the Shares desired to be purchased hereunder, made payable to the order of LOYAL SOURCE MARKET SERVICES INC

 

3. Representations of Subscriber. By executing this Agreement, the Subscriber makes the following representations, declarations and warranties to the Company, with the intent and understanding that the Company will rely thereon:

 

	

	
3.1
	
Such Subsc Subscriber acknowledges the public availability of the Company’s current prospectus which can be viewed on the SEC Edgar Database. This prospectus is made available in the Company’s most recent S-1 Registration Statement deemed effective on _______, 2017. In this prospectus it makes clear the terms and conditions of the offering of Common Stock and the risks associated therewith are described.

 

4. Applicable Law. This Agreement shall be construed in accordance with and governed by the laws applicable to contracts made and wholly performed in the State of Nevada.

 

5. Execution in Counterparts. This Subscription Agreement may be executed in one or more counterparts.

 

6. Persons Bound. This Subscription Agreement shall, except as otherwise provided herein, inure to the benefit of and be binding on the Company and its successors and assigns and on each Subscriber and his respective heirs, executors, administrators, successors and assigns.

 

7. Notices. Any notice or other communication required or permitted hereunder shall be in writing and shall be delivered personally, telegraphed, telexed, sent by facsimile transmission or sent by certified, registered or express mail, postage prepaid, to the address of each party set forth herein. Any such notice shall be deemed given when delivered personally, telegraphed, telexed or sent by facsimile transmission or, if mailed, three days after the date of deposit in the United States mails.

 

8. CERTIFICATION. THE SUBSCRIBER CERTIFIES THAT EVERY STATEMENT MADE BY THE SUBSCRIBER HEREIN IS TRUE AND COMPLETE.

 

	 
	
1

	

 
	 

 

IN WITNESS WHEREOF, the undersigned has hereby executed this Subscription Agreement as of the date set forth below.

 

(PLEASE PRINT OR TYPE)

 

	
Number of Shares x $0.04 Per Share

	
Total Amount of Subscription: 

	
Exact name(s) of Subscriber(s): 

	
Signature of Subscriber(s): 

	
Date:

	
Residence or Physical Mailing Address :

 

 

	
2

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