Document:

Amended and Restated Nonqualified Supplemental Money Purchase Pension Plan

 Exhibit 10.9 
 HORACE MANN NONQUALIFIED SUPPLEMENTAL 
 MONEY PURCHASE PENSION PLAN 
 ARTICLE I. 
 ESTABLISHMENT AND
PURPOSE OF PLAN 
 1.1 Plan Establishment and Amendment. Horace Mann Service Corporation originally established the
Horace Mann Nonqualified Supplemental Money Purchase Pension Plan (the “Plan”) effective April 1, 2002. The Plan is hereby amended and restated effective as of January 1, 2009. This Plan shall be interpreted and applied at all
times in accordance with Code Section 409A, and guidance issued thereunder. No benefits under the Plan shall be subject to “grandfathering” treatment under Code Section 409A, even if such benefits were deferred and vested under
the Plan before January 1, 2005. 
 1.2 Purpose of Plan. The purpose of the Plan is to provide supplemental retirement
benefits to certain executives and other key employees of Horace Mann Service Corporation who are members of a select group of management or highly compensated employees of Horace Mann Service Corporation within the meaning of Sections 201(2),
301(a)(3) and 401(a)(1) of ERISA. The Plan is designed to provide certain benefits not available under the HMSC Money Purchase Pension Plan, a qualified plan under Section 401(a) of the Code, due to limitations imposed by the Code. Previously
such benefits were provided as the “NQMPPP Feature” of the Horace Mann Executive Supplemental Employee Retirement Plan (the “ESERP”). The ESERP was frozen effective March 31, 2002. For those participants in the ESERP on
March 31, 2002 who had a positive account balance under the ESERP’s NQMPPP feature, the benefit under the ESERP represented by the value of the participant’s NQMPPP Feature account (a memorandum account) as of March 31, 2002, has
been transferred to the Plan as provided under the ESERP and as referenced hereunder. 
 ARTICLE II.  
 DEFINITIONS 
 The following
terms shall have the following meanings when used herein: 
 2.1 Account means a memorandum account maintained by the Committee
for each Participant for bookkeeping purpose only, to which is credited, if applicable, the Prior Plan Benefit as of April 1, 2002 and which is further adjusted from time to time as provided in Article III. 
 2.2 Beneficiary means the Participant’s surviving spouse, but if the Participant has no surviving spouse then the individual,
individuals, trust or estate designated by the Participant on the beneficiary designation form provided to the Participant (with only the last such beneficiary designation to be effective), but if the Participant has made no effective beneficiary
designation as of the date of the Participant’s death, then the Participant’s surviving children, but if there are no surviving children of the Participant then the Participant’s estate. 

 2.3 Code means the Internal Revenue Code of 1986 as from time to time amended. 

2.4 Committee means the Committee appointed by HMSC for the purpose of administering the Plan. 
 2.5 Company or HMSC means Horace Mann Service Corporation and any successor thereto. 
 2.6 Company Credits means the amount credited to a Participant’s Account under the provisions of section 3.1 or 3.2, whichever
applicable. 
 2.7 Compensation means compensation as defined in the HMSC MPPP except not subject to any limitation imposed
under Section 401(a)(17) of the Code. 
 2.8 Eligible Participant means a Participant who is an employee of HMSC and who
has not been designated by HMSC as ineligible to be credited with a Company Credit for a particular Year; provided, however, that an individual shall cease to be an Eligible Participant immediately upon his or her Separation from Service.

 2.9 Employer means the Company and all persons with whom the Company would be considered a single employer under Code
Sections 414(b) and 414(c), except that in applying Code Sections 1563(a)(1), (2) and (3) for purposes of determining a controlled group of corporations under Code Section 414(b), the language “at least 50 percent” shall be
used instead of “at least 80 percent” in each place it appears in Code Sections 1563(a)(1), (2) and (3), and in applying Treas. Regs. Sec. 1.414(c)-2 for purposes of determining a controlled group of trades or businesses under Code
Section 414(c), the language “at least 50 percent” shall be used instead of “at least 80 percent” in each place it appears in Treas. Regs. Sec. 1.414(c)-2. 
 2.10 ERISA means the Employee Retirement Income Security Act of 1974 as from time to time amended 
 2.11 Excess Compensation means any Compensation in excess of the compensation that can be taken into account under the HMSC MPPP as subject
to any limitation imposed under Section 401(a)(17) of the Code. 
 2.12 HMEC means Horace Mann Educators Corporation, the
parent company of HMSC. 
 2.13 HMSC MPPP means the HMSC Money Purchase Pension Plan as currently in effect and as from time to
time amended. 
 2.14 Investment Return means the positive or negative rate of return (taking into account earnings, gains and
losses) applicable during the relevant period hereunder to those assets of the HMSC MPPP which represent contributions made to the HMSC MPPP prior to July 1, 2002 (as adjusted for earnings, gains and losses). 
 2.15 Participant means an employee of HMSC (a) whose Compensation exceeds the maximum amount of compensation allowable to be taken
into account by a qualified plan under Section 401(a)(17) of the Code, (b) who is a member of a select group of management or highly 

  

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compensated employees of HMSC, and (c) who has been designated by HMSC as a participant in the Plan. Participant also includes a former employee
of HMSC for whom an Account is maintained under the Plan and a current employee of HMSC who is not currently an Eligible Participant but for whom an Account is maintained under the Plan. 
 2.16 Plan means the Horace Mann Nonqualified Supplemental Money Purchase Pension Plan as set forth herein and as from time to time amended.

 2.17 Plan Year or Year means the 12-month period beginning each January 1 and ending each succeeding
December 31. 
 2.18 Prior Plan Benefit means the benefit of a Participant under the Horace Mann Executive Supplemental
Employee Retirement Plan (“ESERP”) represented by the Participant’s “NQMPPP Feature account” which benefit was transferred to the Plan pursuant to the provisions of the ESERP and credited to the Participant’s Account in
the Plan as of April 1, 2002. 
 2.19 Separation from Service means the Participant has a termination of employment with
the Employer. Whether a termination of employment has occurred shall be determined based on whether the facts and circumstances indicate the Participant and Employer reasonably anticipate that no further services will be performed by the Participant
for the Employer; provided, however, that a Participant shall be deemed to have a termination of employment if the level of services he or she would perform for the Employer after a certain date permanently decreases to no more than twenty percent
(20%) of the average level of bona fide services performed for the Employer (whether as an employee or independent contractor) over the immediately preceding 36-month period (or the full period of services to the Employer if the Participant has
been providing services to the Employer for less than 36 months). For this purpose, a Participant is not treated as having a Separation from Service while he or she is on a military leave, sick leave, or other bona fide leave of absence, if the
period of such leave does not exceed six months, or if longer, so long as the Participant has a right to reemployment with the Employer under an applicable statute or by contract. 
 2.20 Specified Employee has the meaning given such term by the Board of Directors of the Company by separate action given effect from time
to time under Code Section 409A. 
 2.21 Years of Vesting Service at any particular time means the same number of years of
vesting service credited to the Participant at such time under the provisions of the HMSC MPPP. 
 ARTICLE III.  
 ADJUSTMENTS TO ACCOUNTS 
 3.1
Company Credits for Eligible Participants With 5 or More Years of Vesting Service as of April 1, 2002. As of each payroll payment during each Plan Year the Committee will credit to the Account of each Participant who (a) is an
Eligible Participant as of such day, and (b) as of April 1, 2002 had 5 or more Years of Vesting Service, an amount equal to a percentage of the Participant’s Excess Compensation for such payroll period as determined under the
following schedule: 
  

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	 Vesting Service Completed
 by Participant
	  	 Amount of
 Employer’s Contribution

	 5 years but less than 15 years
	  	6%
	 15 years or more
	  	7%

 3.2 Company Credits for Eligible Participants With Less Than 5 Years of Vesting Service as
of April 1, 2002. As of each payroll payment during each Plan Year, the Committee will credit to the Account of each Participant who (a) is an Eligible Participant as of such day, and (b) as of April 1, 2002 had less than
5 Years of Vesting Service, an amount equal to 5% of the Participant’s Excess Compensation for such payroll period. 
 3.3
Adjustments to Accounts for Investment Return. As of each payroll payment during each Plan Year, the Committee will adjust each Participant’s Account to reflect the Investment Return applicable to the Participant’s Account for
the payroll period for which such payroll payment is made as determined by the Committee. 
 3.4 Changes to Accounts for Payments to
Participants. The Company may in its discretion at any time or times pay to a Participant an amount equal to all or a portion of tax liability (including, but not limited to, liability for taxes payable under the Federal Insurance
Contributions Act) of the Participant with respect to the Participant’s accrued benefit under the Plan. As of the date of any such payment by the Company, the Committee shall debit the Participant’s Account by an amount equal to the amount
of such payment. 
 ARTICLE IV.  
 DETERMINATION OF BENEFIT 
 4.1 Vesting. A Participant who is fully vested under
the provisions of the HMSC MPPP at any particular time shall also be fully vested at such time in such Participant’s benefit under the Plan. 
 4.2 Amount of Benefit. The amount of the benefit of a Participant who is fully vested hereunder shall be equal to the amount of the Participant’s Account as of the date of the Participant’s Separation from Service
after all credits and adjustments to the Participant’s Account to be made under the provisions of Article III have been made. The amount of a Participant’s accrued benefit at any particular time prior to the Participant’s Separation
from Service shall be the amount of the Participant’s Account at such time. 
 ARTICLE V. 
 PAYMENT OF BENEFIT 
 5.1
Time of Payment of Benefit. A fully vested Participant’s benefit hereunder as determined under section 4.2 will be paid to the Participant no later than ninety (90) days following the Participant’s Separation from Service
or, if the Participant is a Specified Employee, no later than ninety (90) days following the date that is six (6) months after the Participant’s Separation from Service. 
  

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 5.2 Method of Payment of Benefit. A Participant’s benefit hereunder will be paid in
the form of a lump sum cash payment. 
 5.3 Death of Participant. In the event of a fully vested Participant’s Separation
from Service on account of the Participant’s death, the benefit that would have been paid to the Participant hereunder had the Participant not died but had a Separation from Service on the date of the Participant’s death will be paid to
the Participant’s Beneficiary no later than ninety (90) days following the Participant’s death. In the event of the death of a fully vested Participant after the Participant’s Separation from Service and prior to the payment to
the Participant of the Participant’s benefit hereunder, the benefit that would otherwise have been paid to the Participant hereunder will be paid to the Participant’s Beneficiary no later than ninety (90) days following the
Participant’s death. 
 5.4 Special Rule Upon Change of Control. The Company may, by action of its Board of Directors
within the thirty (30) days preceding or twelve (12) months following a change in control (within the meaning of Code Section 409A), partially terminate the Plan and distribute benefits to all Participants involved in such change in
control within twelve (12) months after such action, provided that all plans sponsored by the service recipient immediately after the change in control which are required to be aggregated with this Plan pursuant to Code Section 409A are
also terminated and liquidated with respect to each Participant involved in the change in control. 
 ARTICLE VI.  

ADMINISTRATION  
 6.1
Committee Authority. The Committee is the Plan Administrator of the Plan. The Committee is authorized to establish rules and procedures as it deems advisable or necessary for the administration of the Plan. The Committee has the sole and
absolute discretion to construe and interpret the Plan. In the administration of the Plan the Committee may, from time to time, (a) delegate its duties, (b) employ agents and delegate to them such duties as it sees fit, and
(c) consult with legal counsel. 
 6.2 Claims Procedure. If a Participant believes he or she is being denied a benefit to
which he or she is entitled under the Plan, the Participant may file a written request for such benefit with the Committee setting forth his or her claim. Upon receipt of the claim, the Committee shall advise the Participant that a reply will be
forthcoming within ninety (90) days and shall deliver such reply within such period, unless Committee extends the reply period for an additional ninety (90) days for reasonable cause. If the claim is denied in whole or in part, the
Committee shall so advise the Participant in writing setting forth: (a) the specific reason or reasons for such denial; (b) the specific reference to pertinent provisions of the Plan on which such denial is based; (c) a description of
any additional material or information necessary for the Participant to perfect his or her claim and an explanation why such material or such information is necessary; and (d) appropriate information as to the steps to be taken if the
Participant wishes to submit the claim for review. Any request for review must be submitted in writing by the Participant to the Committee in care of the Committee at its principal place of business within sixty (60) days after the receipt by
the Participant of the denial of the Participant’s claim. The Participant or his or her duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the
Committee. If 

  

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the Participant does not request a review of the Committee’s determination within such sixty (60) day period, the Participant shall be barred and
estopped from challenging the Committee’s determination. Within sixty (60) days after the Committee’s receipt of a request for review, it will review its determination. After considering all materials presented by the Participant, the
Committee will render a written opinion, written in a manner calculated to be understood by the Participant, setting forth the specific reasons for the decision and containing specific references to the pertinent provisions of the Plan on which the
decision is based. If special circumstances require that the sixty (60) day time period be extended, the Committee will so notify the Participant and will render the decision as soon as possible, but no later than one hundred twenty
(120) days after receipt of the request for review. 
 ARTICLE VII. 
 MISCELLANEOUS 
 7.1 Amendment or Termination. The Company reserves
the right to amend or terminate the Plan when, in the sole opinion of the Company, such amendment or termination is advisable; provided, however, that no amendment or termination of the Plan may accelerate the date of payment of a Participant’s
benefit as otherwise provided herein (except as provided in Section 5.4 or as otherwise permitted by Code Section 409A). Any such amendment or termination shall be made pursuant to a resolution of the board of directors of the Company and
shall be effective as of the date of such resolution. 
 7.2 No Contract of Employment. Nothing contained in this Plan will confer
upon any Participant the right to be retained in the service of the Company nor limit the right of the Company to discharge or otherwise deal with Participants without regard to the existence of the Plan. 
 7.3 Unfunded. The Plan at all times shall be entirely unfunded and no provision shall at any time be made with respect to segregating any assets
of the Company for payment of any benefits hereunder. The Plan does not have a trust or trust fund arrangement. No Participant or Beneficiary or any other person shall have any interest in any particular assets of the Company by reason of the right
to receive a benefit under the Plan and any such Participant or Beneficiary or other person shall have only the rights of a general unsecured creditor of the Company with respect to any rights under the Plan. Nothing contained in the Plan shall
constitute a guaranty by the Company or any other entity or person that the assets of the Company will be sufficient to pay any benefit hereunder. 
 7.4 Nonalienation of Benefits. No benefit payable under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge prior to actual receipt thereof by the payee; and
any attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge prior to such receipt shall be void; and the Company shall not be liable in any manner for or subject to the debts, contracts, liabilities, engagements or
torts of any person entitled to any benefit under the Plan. 
 7.5 Taxes. The Company will cause taxes (including, but not limited to,
employment taxes or federal or state income taxes) to be withheld from amounts paid hereunder as required by law. A Participant should seek the advice of a tax consultant or financial advisor regarding his or her personal tax situation. 

 

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 7.6 No Trust Relationship. Nothing contained herein and no actions taken pursuant to the Plan
shall create or be construed to create a trust of any kind or a fiduciary relationship between the Company and any Participant. The Company shall not be considered a trustee by reason of any provision of this Plan. 
 7.7 Governing Law. The Plan is established under and will be construed according to the laws of the State of Illinois, to the extent that such
laws are not preempted by ERISA, and regulations thereunder. 
 7.8 Invalidity of Certain Provisions. If any provision of this Plan
shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof and the Plan shall be construed and enforced as if such provisions, to the extent invalid or unenforceable, had not been
included. 
 7.9 Limitations on Liability and Indemnification. Notwithstanding any of the preceding provisions of the Plan, neither
the Company, Plan Administrator, nor any individual acting as an employee or agent of the Company or as a member of the Pension Committee shall be liable to any Participant, former Participant, surviving spouse or any other person for any claim,
loss, liability or expense incurred in connection with the Plan. Further, the Company shall indemnify and hold harmless each member of the Committee, the Plan Administrator, and each officer and employee of the Company to whom are delegated duties,
responsibilities and authority with respect to the Plan against all claims, liabilities, fines and penalties, and all expenses reasonably incurred by or imposed upon such person (including but not limited to reasonable attorney fees) which are not
the result of intentional acts knowingly in violations of the Plan or the law. 
 7.10 Headings. The headings of articles are included
solely for convenience of reference, and if there is any conflict between such headings and the text of this Plan, the text shall control. 
 Executed as of this 23rd day of December 2008, but effective as of the 1st day of January 1 2009. 
  

			
	HORACE MANN SERVICE CORPORATION
		
	By:	 	 /s/ Kathi Karr

	Title:	 	Vice President, Human Resources Financial Services

  

 - 7 -Form of Severance Agreement between HMEC and certain officers

 Exhibit 10.12 
 Form of 
 SEVERANCE AGREEMENT 
 This SEVERANCE AGREEMENT (this “Agreement”), dated as of                     , 20    ,
is made and entered into by and between Horace Mann Educators Corporation (“HMEC”), a Delaware Corporation (the “Parent Company”), Horace Mann Service Corporation (“HMSC”), an Illinois corporation (the “Employer
Company”), (HMEC and HMSC collectively referred to as the “Company”), and                      (the “Executive”).

 WHEREAS, the Company considers the maintenance of a sound and vital senior management to be essential to protecting and enhancing
the interests of the Parent Company and its subsidiaries, including the Employer Company, hereinafter collectively referred to as the “Group”; 
 WHEREAS, the Company recognizes that, as is the case with many publicly owned corporations, the possibility of a change in control of the Group may arise and that such possibility, and the uncertainty and
questions which it may raise among senior management, may result in the departure or distraction of senior management personnel to the detriment of the Group; and 
 WHEREAS, accordingly the Company has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company’s senior management to
their assigned duties and long-range responsibilities without distraction in circumstances arising from the possibility of a change in control of the Group; and 
 WHEREAS, the Company believes it important and in the best interests of the Group, should the Group face the possibility of a change in control, that the senior management of the Company be able to assess and
advise the Board of Directors of the Company whether such a proposed change in control would be in the best interests of the Group and to take such other action regarding such a proposal as the Board of Directors might determine to be appropriate,
without senior management being influenced by the uncertainties of their own employment situations; and 
 WHEREAS, in order to induce
the Executive to remain in the employ of the Company in the event of any actual or threatened change in control of the Group, the Company has determined to set forth the severance benefits which the Company will provide to the Executive under the
circumstances set forth below; 
 NOW THEREFORE, in consideration of the foregoing recitals, and the mutual covenants and agreements
contained in this Agreement and for other good and valuable consideration, the parties hereto agree as follows: 
  

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 1. Definitions. Terms not otherwise defined in this Agreement shall have the meanings set forth in this
Section 1. 
 (a) Base Year. The “Base Year” shall be the twelve (12) month period immediately preceding a Change
in Control. 
 (b) Cash Compensation. “Cash Compensation” shall mean the sum of (i) the Executive’s annual base
salary and (ii) the cash bonus paid to the Executive under the Horace Mann Incentive Compensation Program (or similar program that may replace the Incentive Compensation Program) for whichever of the five (5) fiscal years immediately
preceding the year in which the Date of Termination occurs that will result in the highest amount of Cash Compensation. 
 (c) Cause.
For purposes of this Agreement, “Cause” shall mean serious, willful misconduct by the Executive such as, for example, the commission by the Executive of a felony arising from specific conduct of the Executive which reasonably relates to
his qualification or ability (personal or professional) to perform his duties to the Company or its Subsidiaries or a perpetration by the Executive of a common law fraud against the Company or its Subsidiaries. Notwithstanding the foregoing, the
Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than two-thirds of the entire membership of the
Company’s Board of Directors at a meeting of the Board called and held for the purpose of considering his termination for Cause (after reasonable notice to the Executive and an opportunity for the Executive, together with the Executive’s
counsel, to be heard before the Board). The resolution of the Board shall contain a finding that in the good faith opinion of the Board the Executive was guilty of the conduct set forth above and specifying the particulars thereof in detail.
Notwithstanding the foregoing, the Executive shall have the right to contest his termination for Cause. 
 (d) Change in Control. A
“Change in Control” shall be deemed to have occurred if (i) there shall be consummated (1) any consolidation or merger of HMEC in which HMEC is not the continuing or surviving corporation, or pursuant to which shares of
HMEC’s Common Stock would be converted into cash, securities or other property, other than a merger of HMEC in which no HMEC shareholder’s ownership percentage in the surviving corporation immediately after the merger is less than such
shareholder’s ownership percentage in HMEC immediately prior to such merger by ten percent (10%) or more, or (2) any sale, lease exchange or other transfer (in one transaction or a series of related transactions) of all, or
substantially all, of the assets of HMEC; (ii) the shareholders of HMEC approve any plan or proposal for the liquidation or dissolution of HMEC which is a part of a sale of assets, merger, or reorganization of HMEC or other similar transaction;
(iii) any “Person” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is or becomes, directly or indirectly, the “beneficial owner,” as defined
in Rule 13d-3 under the Exchange Act, of securities of HMEC that represent 51% or more of the combined voting power of HMEC’s then outstanding securities; or (iv) a majority of the members of the Company’s Board of Directors are
persons who are then serving on the Board of 

  

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Directors without having been elected by the Board of Directors or having been nominated by the Company for election of its shareholders. 
 (e) Constructive Termination. “Constructive Termination” shall mean the following events: 
 (1) any material diminution in the Executive’s duties or responsibilities to the Group; 
 (2) any required relocation of the Executive from his present work site to another site more than fifty (50) miles from the present work site;

 (3) a diminution in the Executive’s annual base salary of more than ten percent (10%) below the Executive’s salary for the
Base Year; or 
 (4) a diminution in the Executive’s annual cash bonus under the Horace Mann Incentive Compensation Program (or similar
program that may replace the Incentive Compensation Program) of more than fifty percent (50%) below that paid to the Executive for the Base Year, except in the event that such diminution is comparable to the diminution in the cash bonus paid to
other employees of the same business segment as the Executive due to the performance of that business segment. 
 Notwithstanding the
preceding, a Constructive Termination shall not be deemed to have occurred until and unless the Executive provides written notice to the Company within ninety (90) days after the initial existence of one of the above conditions and the Company
is provided thirty (30) days to remedy the condition and fails to do so. 
 (f) Date of Termination. “Date of
Termination” shall mean the effective date of the Notice of Termination which results (on such effective date) in the Executive’s separation from service (as that term is defined in Section 409A of the Internal Revenue Code of 1986,
as amended, and guidance issued thereunder). 
 2. Termination Following Change in Control. 
 (a) Termination of Employment. If a Change in Control shall have occurred while the Executive is still an employee of the Company, the Executive
shall be entitled to the compensation provided in Section 3 if, within 3 years after the Change in Control, the Executive’s employment is terminated by (i) the Company without Cause or (ii) the Executive due to Constructive
Termination. 
 (b) Notice of Termination. Any purported termination of the Executive’s employment by the Company or the Executive
shall be communicated by a Notice of Termination to the other party in accordance with Section 10 hereof. The Notice of Termination shall set forth in reasonable detail the reasons for termination and, if termination is for Cause, the facts and
circumstances claimed to provide a basis for 

  

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termination of the Executive’s employment and, in the case of a Constructive Termination, the information specified in Section 1(e). 
 3. Severance Compensation upon Termination of Employment. If the Executive becomes entitled to compensation pursuant to Section 2(a), then the Company
shall: 
 (i) pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount
equal to          times the Executive’s Cash Compensation; 
 (ii) arrange to provide to the
Executive for          years (or such shorter period as the Executive may elect) disability, life, accident and health insurance substantially similar to those insurance benefits, if any, which the Executive
was receiving immediately prior to the Notice of Termination (including coverage for dependents at the same per person cost as the Executive was then paying); and 
 (iii) fully vest the Executive in the Executive’s benefit under any nonqualified supplemental pension plan sponsored by the Company. 
 4. Indemnification for Excise Tax. 
 (a) Indemnification. In addition to the amounts
specified in Section 3, the Company agrees that it will pay or cause to be paid to the Executive, at the time specified in paragraph (b) below, an amount in cash (the “Additional Amount”) as determined by the following formula:

 Additional Amount = Excise Taxes + Attributable Taxes 
 “Excise Taxes” shall mean all federal and state excise taxes, if any, payable under Section 4999 of the Internal Revenue Code (the
“Code”) and any state counterparts, with respect to the benefits received by the Executive pursuant to Section 3 of this Agreement. “Attributable Taxes” shall mean all taxes, including any federal and state income taxes and
any federal and state excise taxes under Section 4999 of the Code and its state counterparts, that become payable by the Executive as a result of the receipt of the Additional Amount. 
 (b) Preparation of Tax Return; Notice to the Company. The Company, at its expense, agrees to supply the Executive with advice from a tax
practitioner as to whether the Executive must reflect an excise tax under Section 4999 of the Code and any state counterparts on the filing of any income tax return of the Executive relating to the period or periods in which the Executive
received payments or benefits under this Agreement. If such tax practitioner advises that such excise tax must be reflected on such tax return, the Executive agrees to so reflect and, unless such tax was previously withheld from payments to the
Executive, pay such tax and the Company will reimburse the Executive in accordance with Section 4(a) above as soon as practicable after receipt of proof of payment (or, in the case of tax that was previously withheld, proof that such return was
filed as required) from the Executive. If such tax practitioner advises that such excise tax 

  

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need not be reflected on such tax return, the Executive agrees to prepare and file his tax return in accordance with such advice. The Executive shall notify
the Company in writing no less than thirty (30) days prior to the time the Executive is required to file each tax return, and shall promptly provide to the tax practitioner selected by the Company such information as it may request in
connection with establishing the existence of an obligation to withhold tax pursuant to Section 16 hereof or an obligation pursuant to this Section 4. If the Executive provides such notice and information and prepares the relevant tax
return as provided in this paragraph (b), the Company shall indemnify the Executive in accordance with Section 4(a) of this Agreement for any subsequent assessment of Excise Taxes or Attributable Taxes by the IRS or any state taxing authority,
and any interest, penalties, and additions to tax directly relating to such Excise Taxes. If the Executive fails to comply fully with the requirements of this paragraph (b), then the Company’s obligations will not include indemnification or any
interest, penalties or additions to tax. In the event the Executive’s liability for Excise Taxes is determined upon audit by the IRS or the relevant state taxing authority, the Company shall pay to the Executive the amount determined in
accordance with paragraph (a) and this paragraph (b) at such time as the Company determines that it no longer desires to contest the Executive’s liability pursuant to paragraph (c); provided, however, that in all events the Company
will indemnify the Executive for interest, penalties and additions to tax, directly relating to Excise Taxes, which accrue after such time the Company receives notice of a proposed assessment of Excise Taxes resulting from an audit of the
Executive’s tax return. In no event will reimbursement under this Section 4(b) occur later than the end of the Executive’s taxable year following the taxable year in which he or she remits the related taxes. 
 (c) Duty to Cooperate. The Executive agrees to notify the Company promptly in the event of any audit by the IRS or any state taxing authority in
which the IRS or the state taxing authority asserts that any Excise Tax should be assessed against the Executive and to cooperate with the Company in contesting (at the Company’s expense) any such proposed assessment. The Executive agrees not
to settle or compromise any such assessment without the Company’s consent. The Executive will promptly provide to the Company all information requested by the Company in connection with its contest of a proposed final assessment of Excise
Taxes. 
 5. Mitigation of Damages; Effect of Plan on Other Contractual Rights. 
 (a) The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or
otherwise, nor shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as a result of employment by another employer or by retirement benefits received after the Date of Termination,
or otherwise. 
 (b) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable,
or in any way diminish the Executive’s existing rights, or rights that would accrue solely as a result of the passage of time, under any benefit plan, employment agreement or other contract, plan or arrangement. 
  

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 6. Term. This Agreement shall terminate three (3) years after the date of a Change in Control. Termination or
amendment of this Agreement shall not affect any obligation of the Company under this Agreement which has accrued and is unpaid as of the effective date of such termination or amendment. 
 7. At-Will Employment. Nothing in this Agreement shall confer upon the Executive any right to continue in the employ of the Company prior to a Change in Control of the Company or shall interfere with or
restrict in any way the rights of the Company, which are hereby expressly reserved, to discharge the Executive at any time prior to the date of a Change in Control of the Company for any reason whatsoever, with or without cause. 
 8. Successors. 
 (a) The Company will require any
successor or assign (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company, expressly, absolutely and unconditionally to assume and agree in writing to
perform this Agreement in the same mariner and to the same extent that the Company would be required to perform it if no such succession or assignment had taken place. Failure of the Company to obtain such written agreement of any such successor
shall be a breach of this Agreement and shall entitle the Executive to compensation from the Company in the same amount and on the same terms as the Executive would be entitled hereunder if such succession had not occurred, except that for purposes
of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the Date of Termination. As used in this Agreement, “Company” shall mean the Company as defined above and any successor or assign to its
business and/or assets which executes and delivers the agreement provided for in this Section 8 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law. 
 (b) This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal and legal representatives, executors, administrators,
successors, heirs, distributees, devises and legatees. If the Executive should die while any amounts are still payable to him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement
to the Executive’s devisee, legatee or other designee or, if there be no such designee, to the Executive’s estate. 
 9. Governing Law;
Arbitration; Attorneys’ Fees. 
 (a) This Agreement shall be governed by, and construed and enforced in accordance with, the internal
laws of the State of Delaware, without giving effect to its conflict or choice of laws provisions. 
 (b) If any controversies, disputes or
claims arise out of, in connection with, or in relation to, the interpretation, performance or breach of this Agreement, all such controversies, disputes or claims shall be settled, at the request of any party hereto, by arbitration conducted in
Springfield, Illinois, in accordance with the then existing rules of the American Arbitration Association. The decision rendered by the arbitrators as to all 

  

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issues of law and fact shall be final and binding without right of appeal on all parties hereto who receive notice of such arbitration and the opportunity to
participate therein. Judgment upon any award rendered in such arbitration may be entered by an state or federal court having jurisdiction over the matter. 
 (c) Should any party hereto institute any action or proceeding to enforce any provision of this Agreement, the prevailing party shall be entitled to receive from the losing party reasonable attorneys’ fees and
costs incurred in such action or proceeding, whether or not such action or proceeding is prosecuted to judgment. 
 10. Notice. For purposes of this
Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when delivered or two days after deposit in the mail by United States registered mail, return receipt
requested, postage prepaid, as follows: if to the Company, to Horace Mann Service Corporation, 1 Horace Mann Plaza, Springfield, Illinois 62715, attention: Chief Executive Officer (except if such notice is sent by the Chief Executive Officer, in
which ease such notice shall be sent to the attention of the Chairman of the Board of Directors), and if to the Executive at the address specified at the end of this Agreement. Notice may also be given at such other address as either party may have
furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 
 11.
Miscellaneous. No provisions of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by the Executive and the Company. No waiver by either party hereto at any time of
any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. 
 12. Validity. The invalidity or unenforceability of any provisions of this Agreement shall not affect the validity or enforceability of any other provision of
this Agreement, which shall remain in full force and effect. 
 13. Counterparts. This Agreement may be executed in two counterparts, each of which
shall be deemed to be an original but both of which together will constitute one and the same instrument. 
 14. Gender. In this Agreement (unless the
content requires otherwise), use of any masculine term shall include the feminine. 
 15. Entire Agreement. This Agreement contains the entire
agreement between the parties hereto with respect to the transactions contemplated hereby and supersedes all previous oral and written and all contemporaneous oral negotiations, commitments and understandings. 
  

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 16. Withholding. The Company shall withhold benefits otherwise due or payable hereunder in order to comply with
any federal, state, local or other income or other tax laws requiring withholding with respect to benefits provided to the Executive pursuant to this Agreement. 
 17. Optional Amendment. Notwithstanding anything contained in this Agreement, upon the written request of the Executive, the terms of this Agreement may be modified by the Company to the extent necessary to avoid the application of
Section 409A of the Code and/or to allow the Agreement to qualify for any regulatory or other administrative exception to the application of Section 409A of the Code. Consistent with the parties’ intent, the Agreement shall be
interpreted at all times in a manner consistent with Code Section 409A to avoid the imposition of excise taxes thereunder. 
 IN WITNESS WHEREOF,
the parties have executed this Agreement as of the date first above written. 
  

			
	HORACE MANN EDUCATORS CORPORATION
		
	By:	 	  

	Name:	 	Joseph J. Melone
	Title:	 	Chairman of the Board
		
	By:	 	  

	Name:	 	Louis G. Lower II
	Title:	 	President & Chief Executive Officer
	
	EXECUTIVE:
		
	By:	 	  

  

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