Document:

Form of Assurant, Inc. Restricted Stock Unit Award Agreement

 Exhibit 10.20 
 ASSURANT, INC. 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 

[20__] Performance-Based Award 
 THIS AGREEMENT, dated as of [                    ], between Assurant, Inc., a
Delaware corporation (the “Company”), and [                    ] (the “Participant”). 

In consideration of the mutual promises and covenants made herein and the mutual benefits to be derived herefrom, the parties hereto
agree as follows: 
 1. Grant, Vesting and Forfeiture of Restricted Stock Units.
(a) Grant. Subject to the provisions of this Award Agreement (this “Agreement”) and the provisions of the Assurant, Inc. Long Term Equity Incentive Plan (the “Plan”), the Company hereby grants to the Participant, as
of [                    ] (the “Grant Date”),
[                    ] Restricted Stock Units (the “Restricted Stock Units”), each with respect to one share of common
stock of the Company, par value $0.01 per Share (“Common Stock”). All capitalized terms used herein, to the extent not defined, shall have the meaning set forth in the Plan. 

(b) Vesting. Subject to the terms and conditions of this Agreement, a number of Restricted Stock Units shall
vest and shall no longer be subject to any restriction on the date that the Committee determines and certifies (the “Determination Date”) the Company’s achievement in respect of each Goal (as defined below) for the period beginning on
January 1, 20[ ] and ending on December 31, 20[ ] (such period, the “Performance Period”), provided that the Participant is continuously employed by the Company until the third anniversary of the Grant Date. Vesting of the
Restricted Stock Units shall be determined based upon the average of the Company’s ranked average percentile, for each calendar year included in the Performance Period, with respect to each of the following goals (the “Goals”)
relative to an index of the Company’s peers established by the Company within 90 days following the commencement of the Performance Period (the “Ranked Average Percentile Index Performance”): growth in book value per diluted share
excluding accumulated other comprehensive income, growth in revenue, and achievement of total shareholder return. Each Goal shall be weighted equally in determining the Company’s annual ranked average percentile index performance. The number of
Restricted Stock Units that shall vest shall be determined as follows: 
  

			
	 Company’s Ranked Average

Percentile Index Performance
	  	 Percentage of Applicable

Restricted Stock Units that Vest

	 Below 25th Percentile
	  	0%
	 25th Percentile
	  	50%
	 50th Percentile
	  	100%
	 75th Percentile or Above
	  	150%

 Vesting for ranked average percentile index performance that falls between the 25th and 50th percentiles and between the
50th and 75th percentiles shall be determined by straight-line interpolation. On the Determination Date, the Committee shall determine the number of Restricted Stock Units, if any, that shall vest pursuant to each Goal. Such determinations shall be
final, binding and conclusive on all persons for all purposes. 

 (c) Forfeiture; Termination of Employment. Upon the
Participant’s Termination of Employment for any reason before the third anniversary of the Grant Date, all Restricted Stock Units shall be forfeited. Notwithstanding the foregoing, (i) in the event that the Participant experiences a
Termination of Employment before the third anniversary of the Grant Date due to the Participant’s Retirement at any time following the end of the calendar year in which the Grant Date occurred, the Participant shall vest in that number of
Restricted Stock Units determined in accordance with Section 1(b) and (ii) in the event of the Participant’s Termination of Employment before the third anniversary of the Grant Date by the Company without Cause, or Termination of
Employment due to death or Disability, the Participant shall vest in a number of Restricted Stock Units equal to the product of (A) the number of Restricted Stock Units determined in accordance with Section 1(b) and (B) a fraction,
the numerator of which is the number of full months from the Grant Date until the date of Termination of Employment (provided that, for this purpose, the month in which the Grant Date occurs shall be considered a full month) and the
denominator of which is thirty-six months. Any Restricted Stock Units earned pursuant to the immediately preceding sentence shall be settled in accordance with Section 2. For purposes of this Agreement, employment with the Company shall include
employment with the Company’s Affiliates and its successors. Nothing in this Agreement or the Plan shall confer upon the Participant any right to continue in the employ of the Company or any of its Affiliates or interfere in any way with the
right of the Company or any such Affiliates to terminate the Participant’s employment at any time. 

2. Settlement of Units. Subject to Section 1(c) of this Agreement, as soon as practicable after the
Determination Date, but in no event later than the end of the year in which the Determination Date occurs, the Company shall deliver to the Participant or his or her personal representative, in book-position or certificate form, one Share that does
not bear any restrictive legend for each vested Restricted Stock Unit. 
 3. Dividend Equivalents.
The Participant shall have the right to receive Dividend Equivalents with respect to Shares underlying the Restricted Stock Units that vest pursuant to this Agreement. The Dividend Equivalents represent the right to receive an amount equal to the
aggregate regular cash dividends that would have been paid to the Participant if the Participant had been the record owner, on each record date for a cash dividend during the period from the Grant Date through the date on which the applicable
Restricted Stock Units are settled, of a number of Shares equal to the applicable number of Restricted Stock Units that vest pursuant to this Agreement. The Dividend Equivalents shall be paid, in cash, on the date on which the applicable Restricted
Stock Units are settled pursuant to this Agreement, or as soon as practicable thereafter, based on the amount of dividends that would have accrued on the Shares earned based on actual performance. 

4. Nontransferability of the Restricted Stock Units. During the Performance Period and until such time as the
Restricted Stock Units are ultimately settled as provided in Section 2 above, the Restricted Stock Units and the Shares covered by the Restricted Stock Units shall not be transferable by the Participant by means of sale, assignment, exchange,
encumbrance, pledge, hedge or otherwise. Any purported or attempted transfer of such Shares or such rights shall be null and void. 

  
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 5. Rights as a Stockholder. During the Performance Period and
until such time as the Restricted Stock Units are ultimately settled as provided in Section 2 above, the Participant shall not be entitled to any rights of a stockholder with respect to the Restricted Stock Units (including, without limitation, any
voting rights). 
 6. Adjustment; Change of Control. In the event of certain transactions during the
Performance Period, the Restricted Stock Units shall be subject to adjustment as provided in Section 3.4 of the Plan or any applicable successor provision under the Plan. In the event of a Change of Control (i) prior to the first
anniversary of the Grant Date, the Participant shall vest in that number of Restricted Stock Units determined pursuant to Section 1(b), assuming that the Company achieved Ranked Average Percentile Index Performance equal to the 50th percentile
or (ii) after the first anniversary of the Grant Date (and before the third anniversary of the Grant Date), the Participant shall vest in that number of Restricted Stock Units determined pursuant to Section 1(b), assuming that the Company
achieved Ranked Average Percentile Index Performance equal to the greater of (A) the 50th percentile and (B) the Company’s actual Ranked Average Percentile Index Performance, taking into account performance through the latest date
preceding the date of the Change of Control as to which performance can, as a practical matter, be determined (but not later than the end of the Performance Period). Restricted Stock Units that vest pursuant to this Section 6 shall be settled
within 5 calendar days following the Change of Control; provided, however, that any Restricted Stock Units that constitute “nonqualified deferred compensation” as defined under Section 409A of the Code shall not be settled upon
such Change of Control unless the Change of Control constitutes a “change in control event” within the meaning of Section 409A of the Code and will instead be settled at such time as specified in Section 2. 

7. Payment of Transfer Taxes, Fees and Other Expenses. The Company agrees to pay any and all original issue
taxes and stock transfer taxes that may be imposed on the issuance of Shares received by a Participant in connection with the Restricted Stock Units, together with any and all other fees and expenses necessarily incurred by the Company in connection
therewith. 
 8. Taxes and Withholding. No later than the date as of which an amount first becomes
includible in the gross income of the Participant for federal, state, local, foreign income, employment or other tax purposes with respect to any Restricted Stock Units, the Participant shall pay to the Company, or make arrangements satisfactory to
the Company regarding the payment of, all federal, state, local and foreign taxes that are required by applicable laws and regulations to be withheld with respect to such amount. The obligations of the Company under this Agreement shall be
conditioned on compliance by the Participant with this Section 8, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Participant, including deducting such amount
from the delivery of Shares upon settlement of the Restricted Stock Units that gives rise to the withholding requirement. 

  
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 9. Notices. Notices and other communications under this
Agreement must be in writing and shall be given by hand delivery to the other party or by facsimile, overnight courier, or registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

If to the Participant: 
 At the most recent address 
 on file at the Company. 

If to the Company: 
 Assurant, Inc. 
 One Chase Manhattan Plaza, 41st Floor 

New York, New York 10005 
 Attention: Secretary 
 or to such other address or facsimile number as any party shall have
furnished to the other in writing in accordance with this Section 9. Notices and communications shall be effective when actually received by the addressee. Notwithstanding the foregoing, the Participant consents to electronic delivery of
documents required to be delivered by the Company under the securities laws. 
 10. Effect of
Agreement. This Agreement is personal to the Participant and, without the prior written consent of the Company, shall not be assignable by the Participant otherwise than by will or the laws of descent and distribution. This Agreement shall inure
to the benefit of and be enforceable by the Participant’s legal representatives. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

11. Laws Applicable to Construction; Consent to Jurisdiction. The interpretation, performance and enforcement
of this Agreement shall be governed by the laws of the State of Delaware without reference to principles of conflict of laws, as applied to contracts executed in and performed wholly within the State of Delaware. In addition to the terms and
conditions set forth in this Agreement, the Restricted Stock Units are subject to the terms and conditions of the Plan, which is hereby incorporated by reference. 

12. Severability. If any one or more of the provisions contained in this Agreement are held to be invalid,
illegal or unenforceable, the other provisions of this Agreement shall be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 

13. Conflicts and Interpretation. In the event of any conflict between this Agreement and the Plan, the Plan
shall control. In the event of any ambiguity in this Agreement, or any matters as to which this Agreement is silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among
others, to (a) interpret the Plan, (b) prescribe, amend and rescind rules and regulations relating to the Plan, and (c) make all other determinations deemed necessary or advisable for the administration of the Plan. The Participant
and the Company each acknowledges that this Agreement (together with the Plan) constitutes the entire agreement and supersedes all other agreements and understandings, both written and oral, among the parties or either of them, with respect to the
subject matter hereof. 

  
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 14. Amendment. The Company may modify, amend or waive the terms
of the Restricted Stock Unit award, prospectively or retroactively, but no such modification, amendment or waiver shall materially impair the rights of the Participant without his or her consent, except as required by applicable law, stock exchange
rules, tax rules or accounting rules. The waiver by either party of compliance with any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by such party of
a provision of this Agreement. 
 15. Section 409A of the Code. It is the intention of the
Company that the Restricted Stock Units shall either (a) not constitute “nonqualified deferred compensation” as defined under Section 409A of the Code or (b) comply in all respects with the requirements of Section 409A
of the Code and the regulations promulgated thereunder, such that no delivery of Shares pursuant to this Agreement will result in the imposition of taxation or penalties as a consequence of the application of Section 409A of the Code. Shares in
respect of any Restricted Stock Units that (i) constitute “nonqualified deferred compensation” as defined under Section 409A of the Code and (ii) vest as a consequence of the Participant’s termination of employment
shall not be delivered until the date that the Participant incurs a “separation from service” within the meaning of Section 409A of the Code (or, if the Participant is a “specified employee” within the meaning of
Section 409A of the Code and the regulations promulgated thereunder, the date that is six months following the date of such “separation from service”). If the Company determines after the Grant Date that an amendment to this Agreement
is necessary to ensure the foregoing, it may, notwithstanding Section 14, make such an amendment, effective as of the Grant Date or any later date, without the consent of the Participant. Notwithstanding any provision of this Agreement or the
Plan, in the event that any taxes or penalties are imposed on the Participant by reason of Section 409A of the Code, the Participant acknowledges and agrees that such taxes or penalties shall be the exclusive obligation of the Participant, and
the Company shall have no liability therefor. 
 16. Recoupment Policy. The Company has established a
Recoupment Policy with respect to excess incentive-based compensation provided to current and former “executive officers” (as defined in the Recoupment Policy) of the Company. All Restricted Stock Units granted under this Agreement and
held by any such person are subject to the terms and conditions of the Recoupment Policy, and, as a condition of participation in the Plan, each such person is deemed to have agreed to the terms of the Recoupment Policy. The terms of the Recoupment
Policy are incorporated into this Agreement by reference. 
 17. Headings. The headings of Sections
herein are included solely for convenience of reference and shall not affect the meaning or interpretation of any of the provisions of this Agreement. 
 18. Counterparts. This Agreement may be executed in counterparts, which together shall constitute one and the same original. 

  
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 IN WITNESS WHEREOF, as of the date first above written, the Company has caused this Agreement to be executed
on its behalf by a duly authorized officer and the Participant has hereunto set the Participant’s hand. 
  

			
	ASSURANT, INC.
		
	By:	 	 
		 	[                    ]
		 	[                    ]

  
 -6-Amended and Restated Assurant, Inc. Executive Short Term Incentive Plan

 Exhibit 10.23 
 AMENDED AND RESTATED ASSURANT, INC. 
 EXECUTIVE SHORT TERM INCENTIVE PLAN

 SECTION 1. Purpose; Definitions. 
 1.1. Purpose; Shareholder Approval. The purpose of this Amended and Restated Assurant, Inc. Executive Short Term Incentive Plan is to advance the interests of the Company and its stockholders in
attracting, retaining and motivating executive officers by providing financial rewards that are intended to be deductible to the maximum extent possible as “performance-based compensation” within the meaning of Section 162(m) of the
Internal Revenue Code, for Performance Periods (as defined below) beginning with the Company’s fiscal year 2008. This Plan was approved by the Company’s stockholders on May 15, 2008, and was amended and restated by the Committee to
incorporate the Recoupment Policy effective as of January 1, 2012. 
 1.2. Definitions. The terms used in the
Plan shall be defined as follows: 
 (a) “Act” means the Securities Exchange Act of 1934, as amended from time
to time, any regulations promulgated thereunder, and any successor thereto. 
 (b) “Administrator” means any
person or persons to whom the Committee has properly delegated any responsibility or power pursuant to Section 2.2. 
 (c)
“Award” means an award of incentive compensation pursuant to the Plan. An Award is considered “granted” when the Participant to whom the Award is granted is selected, pursuant to Section 3.1, as eligible to receive
that Award. 
 (d) “Beneficial Owner” has the meaning given in Rule 13d-3 promulgated pursuant to the Act.

 (e) “Beneficiary” means any person or persons designated by a Participant, in accordance with procedures
established by the Committee or an Administrator, to receive benefits hereunder in the event of the Participant’s death. If any Participant shall fail to designate a Beneficiary or shall designate a Beneficiary who shall fail to survive the
Participant, the Beneficiary shall be the Participant’s surviving spouse; or, if none, the Participant’s surviving descendants (who shall take per stirpes) and if there are no surviving descendants, the Beneficiary shall be the
Participant’s estate. 
 (f) “Board” means the Board of Directors of the Company. 

(g) “Change of Control” means the occurrence of any one of the following events: 

(i) Individuals who, on the Effective Date, constitute the Board (the “Incumbent Directors”) cease for
any reason to constitute at least a majority of the Board, provided that any person becoming a director after the Effective Date whose election or nomination for election is approved by a vote of at least a majority of the Incumbent Directors

 
then on the Board shall be an Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Company as a result of an actual or threatened
election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of any person as defined in Section 3(a)(9) of the Securities Exchange Act of 1934 (a
“Person”), other than the Board, including by reason of any agreement, shall be deemed an Incumbent Director; 
 (ii) Any Person is or becomes a Beneficial Owner, directly or indirectly, of either (A) 30% or more of the then-outstanding shares of common stock of the Company or (B) securities representing
30% or more of the combined voting power of the Company’s then-outstanding securities eligible to vote for the election of directors; provided, however, that for purposes of this subsection (ii), the following acquisitions shall not
constitute a Change of Control: (1) an acquisition directly from the Company or any Subsidiary; (2) an acquisition by the Company or a Subsidiary; (3) an acquisition by a Person who is on the Effective Date the Beneficial Owner,
directly or indirectly, of 50% or more of the outstanding shares of common stock of the Company or 50% or more of the combined voting power of the Company’s outstanding securities eligible to vote for the election of directors; (4) an
acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary; or (5) an acquisition pursuant to a transaction that complies with Sections 1.2(g)(iii)(A), 1.2(g)(iii)(B), and 1.2(g)(iii)(C)
below; 
 (iii) The consummation of a reorganization, merger, consolidation, statutory share exchange, or similar
corporate transaction involving the Company or a Subsidiary, the sale or other disposition of all or substantially all of the Company’s assets, or the acquisition of assets or stock of another corporation (a “Transaction”)
unless immediately following the Transaction: (A) all or substantially all of the individuals who were Beneficial Owners, respectively, of the outstanding shares of common stock of the Company and outstanding securities eligible to vote for the
election of directors immediately prior to the Transaction beneficially own, directly or indirectly, more than 60% of, respectively, the outstanding shares of common stock and the combined voting power of the outstanding securities entitled to vote
in the election of directors of the corporation resulting from the Transaction (the “Surviving Entity”) in substantially the same proportions as their ownership, immediately prior to the Transaction, of the outstanding common stock
of the Company and the outstanding securities eligible to vote in the election of directors of the Company; (B) no Person (other than the Company, a Subsidiary, the Surviving Entity, or any employee benefit plan or related trust sponsored or
maintained by the foregoing) is or becomes a Beneficial Owner, directly or indirectly, of 30% or more of the outstanding common stock or 30% or more of the total voting power of the outstanding securities eligible to vote for the election of
directors of the Surviving Entity; and (C) at least a majority of the members of the board of the Surviving Entity were Incumbent Directors at the time of the Board’s approval of the execution of the initial agreement providing for the
Transaction; or 
 (iv) Approval by the stockholders of the Company of a complete liquidation or dissolution of
the Company. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended. 

  
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 (i) “Committee” means a committee or subcommittee of the Board, appointed
from time to time by the Board, which committee or subcommittee shall consist of two or more non-employee directors, each of whom is intended to be, to the extent required by Rule 16b-3, a “non-employee” director as defined by Rule 16b-3,
and, to the extent required by Section 162(m) of the Code and any regulations promulgated thereunder, an “outside director” as defined under Section 162(m) of the Code. Initially, and unless and until otherwise determined by the
Board, “Committee” means the Compensation Committee of the Board. 
 (j) “Company” means Assurant,
Inc., a Delaware corporation. 
 (k) “Disability” means a total and permanent disability that causes a
Participant to be eligible to receive long term disability benefits under the long term disability plan or policy maintained by the Company or a Subsidiary for the Participant, whether or not such Participant actually receives disability benefits
under such plan or policy. If no long term disability plan or policy was ever maintained on behalf of a Participant, Disability means a permanent and total disability as defined in Section 22(e)(3) of the Code. In the event of a dispute, the
determination whether a Participant is disabled shall be made by the Committee in its sole discretion and may be supported by the advice of a physician competent in the area to which such Disability relates. 

(l) “Effective Date” means the date on which this Assurant, Inc. Executive Short Term Incentive Plan is adopted by the
Board. 
 (m) “Eligible Employee” means a regular, active employee of the Company or any Subsidiary, or a
prospective employee of the Company or any Subsidiary, who is expected to be among the officers of the Company who are subject to Section 16 of the Act, as amended from time to time, as of the last day of a given Performance Period. 

(n) “Net Income” means the Company’s net income as reported in the Company’s income statement for the
applicable Performance Period, prior to accrual of any amounts for payment under the Plan for the Performance Period, adjusted to eliminate the effects of charges for restructurings, discontinued operations, extraordinary items and other unusual or
non-recurring items, and the cumulative effect of tax or accounting changes, each as defined by generally accepted accounting principles or identified in the Company’s financial statements, notes to the financial statements or management’s
discussion and analysis. 
 (o) “Participant” means an Eligible Employee selected by the Committee to
participate in the Plan for a given Performance Period. 
 (p) “Performance Goal” means the goal or combined
goals determined by the Committee, in its sole discretion, to be applicable to a Participant during a Performance Period. As determined by the Committee, the Performance Goals for any Participant may provide for targeted levels of achievement using
one or more of the following measures, or any other measure, in the Committee’s discretion: revenue, profit (as measured by net profit, operating profit, economic profit, profit margins, or other profit measures), earnings (as measured by EBIT,
EBITDA, earnings per share, or other earnings measures), cash (as measured by cash flow, cash generation, or other cash measures), stock price, stock performance, total stockholder return, return on equity, return on assets, return on investment,
market share, capital structure, 

  
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expenses (as measured by expense management, expense ratio, expense efficiency ratios, or other expense measures), business expansion or consolidation, customer satisfaction ratings, underwriting
efficiency or quality, or improved market value of a business or group based on independent third-party valuation. 
 (q)
“Performance Period” means the Company’s fiscal year, or such other period as the Committee shall establish, from time to time, in its sole discretion. The first Performance Period shall be the Company’s fiscal year 2008.

 (r) “Plan” means this Amended and Restated Assurant, Inc. Executive Short Term Incentive Plan. 

(s) “Recoupment Policy” means the Assurant, Inc. Executive Compensation Recoupment Policy adopted by the Committee,
effective as of January 1, 2012, as the same may be amended from time to time. 
 (t) “Retirement” shall
have the meaning given to that term in the Assurant Pension Plan, as amended from time to time. 
 (u)
“Subsidiary” means any corporation, limited liability company, partnership or other entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company. 

SECTION 2. Administration. 
 2.1. Committee. The Plan shall be administered by the Committee. The Committee shall have exclusive and final authority, discretion, and power, subject to the terms of the Plan: 

(a) To select the Eligible Employees who will be designated as Participants in the Plan and to whom Awards may from time to time be
granted; 
 (b) To determine the terms and conditions of each Award granted hereunder, based on such factors as the Committee
shall determine; 
 (c) To interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreement
relating thereto); and 
 (d) To otherwise administer the Plan. 

2.2. Procedures. The Committee may act only by a majority of its members then in office, except that the Committee may, except to
the extent prohibited by law, allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any part of its responsibilities and powers to any person or persons selected by it.
Notwithstanding the foregoing, the Committee may not so delegate any responsibility or power to the extent that such delegation would cause an Award hereunder not to qualify for the Section 162(m) exemption. Without limiting the generality of
the foregoing, the Committee may not delegate its powers and responsibilities to (a) designate Participants, (b) establish Performance Periods, and (c) certify amounts pursuant to Section 3.4 hereof. 

  
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 2.3. Discretion; Decisions Binding. Any determination made pursuant to the Plan by
the Committee or by an Administrator with respect to any Award shall be made in the sole discretion of the Committee or the Administrator, as applicable. All decisions made by the Committee or an Administrator pursuant to the provisions of the Plan
shall be final and binding on all persons, including the Company, Participants, and Eligible Employees. 
 2.4. Expenses.
All expenses and liabilities incurred by members of the Committee or an Administrator in connection with the administration of the Plan shall be borne by the Company. 
 SECTION 3. Terms of Awards. 
 3.1. Selection of Participants and Granting
of Awards for a Performance Period. The Committee shall determine the Participants to whom Awards for a Performance Period are granted within 90 days after the Performance Period begins, and in any event not later than the date upon which 25% of
the Performance Period has elapsed. 
 3.2. Maximum Awards. The total aggregate Awards under the Plan with respect to any
Performance Period shall not exceed five percent (5%) of the Company’s Net Income for that Performance Period. For any Performance Period, the maximum Award for each Participant other than the Company’s Chief Executive Officer shall
be (a) (i) one divided by (ii) one plus the total number of Participants (including the Company’s Chief Executive Officer) for that Performance Period, times (b) the total aggregate Awards under the Plan for that Performance
Period. For any Performance Period, the maximum Award for the Company’s Chief Executive Officer shall be two times the maximum amount determined pursuant to the preceding sentence. Notwithstanding the foregoing, if the Company’s Chief
Executive Officer is not a Participant in the Plan for a Performance Period, the maximum Award for each Participant for that Performance Period shall be (a) (i) one divided by (ii) the total number of Participants for that Performance
Period, times (b) the total aggregate Awards under the Plan for that Performance Period. 
 3.3. Discretionary
Adjustment. The Committee may determine in its sole discretion that for any Performance Period, the total aggregate Awards or any individual Award actually paid shall be less than the maximum amounts described in Section 3.2, based on such
factors as it determines to be appropriate, including, but not limited to, Performance Goals that it has established for one or more Awards, Company-wide or business-unit performance (with respect to revenue, profit, cash flow, or any other measure)
against budgeted financial goals, measures of internal controls and compliance initiatives, and assessments of individual performance. However, in no event shall such reduction of any Participant’s Award below the maximum for that Participant
result in an increase in the maximum amounts for any other Participants above the amounts described in Section 3.2. 

3.4. Certification. Following the close of each Performance Period and prior to payment of any Awards for that Performance Period,
the Committee will certify the amount of Net Income achieved for that Performance Period and the corresponding maximum amounts described in Section 3.2. 

  
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 3.5. Timing of Payment. Payment of each Award will be made as soon as practicable
after the Committee has completed the certification required by Section 3.4 for the applicable Performance Period and determined the actual amount to be paid pursuant the Award, but in no event shall payment occur later than the 15th day of the
third calendar month after the end of the calendar year in which such Award first ceased to be subject to a substantial risk of forfeiture within the meaning of Section 409A of the Code and the treasury regulations thereunder, unless the
Participant has made a valid and timely election to defer receipt of the Award in accordance with an applicable deferred compensation plan. 
 3.6. Form of Payment. Each Award under the Plan shall be paid in cash or its equivalent. The Committee in its sole discretion may, however, determine that all or a portion of an Award shall be paid
in stock, restricted stock, stock options, stock appreciation rights, or other stock-based or stock-denominated units, which shall be issued pursuant to the Company’s equity compensation plans in existence at the time the Award is certified.

 3.7 Recoupment Policy. The Company has established a Recoupment Policy with respect to excess incentive-based
compensation provided to current and former “executive officers” (as defined in the Recoupment Policy) of the Company. All Awards granted under this Plan on or after January 1, 2012 are subject to the terms and conditions of the
Recoupment Policy, and, as a condition of participation in this Plan, Participant is deemed to have agreed to the terms of the Recoupment Policy. The terms of the Recoupment Policy are incorporated into this Plan by reference. 

SECTION 4. Terminations. 

4.1. Disability or Death. A Participant who terminates employment with the Company during a Performance Period due to Disability or
death may, in the Committee’s discretion, receive an Award in such an amount as the Committee deems to be appropriate. Awards payable in the event of death shall be paid to the Participant’s Beneficiary. 

4.2. Retirement and Other Terminations. A Participant who terminates employment with the Company during a Performance Period for
any reason other than Disability or death may, in the Committee’s discretion, receive an Award. Such an Award shall not be paid until after the end of the Performance Period and the Committee’s certification pursuant to Section 3.4.
In the case of a termination before the last day of the Performance Period for the Award, for any reason other than Retirement, the maximum amount of the Award shall be the maximum amount determined pursuant to Section 3.4, multiplied by a
fraction, the numerator of which is the number of days in the portion of the Performance Period that ends on the date of such termination and the denominator of which is the total number of days in the Performance Period. In the case of a
termination on or after the last day of the Performance Period, or any Retirement, the amount of any Award paid pursuant to this Section 4.2 shall not exceed the maximum set forth in Section 3.2, based on the level of achievement certified
by the Committee for the entire Performance Period. 

  
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 4.3. Change of Control. Notwithstanding any other provision of the Plan to the
contrary, upon a Change of Control: 
 (a) With respect to each Award that is then outstanding and unpaid, the Participant shall
be paid an amount based on the level of achievement of the Performance Goals for the Award as determined by the Committee not later than the date of the Change of Control, taking into account performance through the latest date preceding the date of
the Change of Control as to which performance can, as a practical matter, be determined (but not later than the end of the Performance Period); and 
 (b) Such Awards shall be paid as soon as practicable after the amounts have been determined, but in any event no later than March 15 of the calendar year following the year in which the Change of
Control took place, except to the extent that a Participant has made a valid and timely election to defer receipt of any Award in accordance with an applicable deferred compensation plan, in which case the terms of such election and such plan shall
control. 
 SECTION 5. Term, Amendment, and Termination. 
 5.1. Term. The Plan will terminate on the 10th anniversary of the Effective Date. Outstanding Awards on the 10th anniversary of the Effective Date shall not be affected or impaired by the
termination of the Plan. 
 5.2. Amendment of Plan. The Board or the Committee may amend, alter, or discontinue the Plan,
but no amendment, alteration, or discontinuation shall be made by the Board or the Committee which would materially impair the rights of the Participant with respect to a previously granted Award, or any Award pursuant to Section 4.3, without
such Participant’s consent, except such an amendment made to comply with applicable law, tax rules, stock exchange rules, or accounting rules. In addition, no such amendment or alteration shall be made without the approval of the Company’s
stockholders, to the extent such approval is required by applicable law or the listing standards of any applicable exchange. Any such action by the Board may be taken by a majority of its members in office. In the event that any such action of the
Board under this Section 5.2 conflicts with any action of the Committee under this Section 5.2, the action of the Board shall govern. 

SECTION 6. Miscellaneous. 

6.1. Withholding Taxes. The Company shall have the right to make payment of Awards net of any applicable federal, state and local
taxes required to be withheld, or to require the Participant to pay such withholding taxes. If the Participant fails to make such tax payments as required, the Company shall, to the extent permitted by law, have the right to deduct any such taxes
from any payment of any kind otherwise due to such Participant or to take such other action as may be necessary to satisfy such withholding obligations. 
 6.2. No Right to Employment. Nothing in the Plan shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate any Participant’s employment at any time, nor
confer upon any Participant any right to continue in the employ of the Company or any Subsidiary. 
 6.3. No Right to
Participate. No Eligible Employee shall have any right to be selected to participate in the Plan in any Performance Period. 

  
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 6.4. Indemnification. To the extent allowable under applicable law, each member of
the Committee and any Administrator shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense (including, but not limited to, attorneys’ fees) that may be imposed upon or reasonably incurred in connection
with or resulting from any claim, action, suit, or proceeding by reason of any action or failure to act under the Plan and against and from any and all amounts paid by such member in satisfaction of judgment in such action, suit, or proceeding
against him; provided such member of the Committee or Administrator gives the Company an opportunity, at its own expense, to handle and defend the same. The foregoing right of indemnification shall not be exclusive of any other rights of
indemnification to which such persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify such persons or hold them harmless.

 6.5. Nontransferability. No Award may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of,
including assignment pursuant to a domestic relations order, prior to certification of the Award. Each Award shall be paid during the Participant’s lifetime only to the Participant, or, if permissible under applicable law, to the
Participant’s legal representatives. No Award shall, prior to receipt thereof by the Participant, be in any manner subject to the debts, contracts, liabilities, or torts of the Participant. 

6.6. Severability. If any provision of the Plan is, becomes, or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction, or would disqualify the Plan under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws; or, if it cannot be so construed or deemed amended without, in the
determination of the Committee, materially altering the purpose or intent of the Plan, such provision will be stricken as to such jurisdiction, and the remainder of the Plan shall remain in full force and effect. 

6.7. No Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind
or a fiduciary relationship between the Company and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Company pursuant to an Award, such right shall be no greater than the right of any
unsecured general creditor of the Company or any Subsidiary. 
 6.8. Non-Exclusivity of Plan. Neither adoption of the
Plan by the Board nor submission of the Plan to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board or the Committee to adopt such other incentive arrangements as either may deem
desirable, including, without limitation, cash or equity-based compensation arrangements, either tied to performance or otherwise. 

  
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 IN WITNESS WHEREOF, the Company has caused this Plan to be executed on the date shown below, to be
effective as of January 1, 2012. 
  

							
		 		 	FOR ASSURANT, INC.
				
	Date: November 18, 2011	 		 	By:	 	/s/ Sylvia Wagner
		 		 		 	Sylvia Wagner
		 		 	Title:	 	Executive Vice President, Human Resources and Development

  
 -9-

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