Document:

Exhibit 10(b)

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We hereby consent to the use in this Registration Statement on Form N-4 (File No. 333-115212) of our report dated March 30, 2011, relating to the consolidated financial statements and financial statement schedules of Protective Life Insurance Company and subsidiaries, which appears in such Registration Statement.  We also consent to the use in this Registration Statement on Form N-4 (File No. 333-115212) of our report dated April 25, 2011, relating to the financial statements of Protective Variable Annuity Separate Account, which appears in such Registration Statement.  We also consent to the reference to us under the heading “Experts” in such Registration Statement.

 

 

/s/ PricewaterhouseCoopers LLP

 

 

PricewaterhouseCoopers LLP

Birmingham, Alabama

April 27, 2011Exhibit 10(a)

 

STEPHEN E. ROTH

DIRECT LINE: 202.383.0158

E-mail: steve.roth@sutherland.com

 

April 27, 2011

 

Board of Directors

Protective Life Insurance Company

2801 Highway 201 South

Birmingham, Alabama 35223

 

Directors:

 

We hereby consent to the reference to our name under the caption “Legal Matters” in the statement of additional information filed as part of post-effective amendment number 22 to the registration statement on Form N-4 (File No. 33-70984) filed by Protective Life Insurance Company and Protective Variable Annuity Separate Account with the Securities and Exchange Commission.  In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933.

 

	
 
    	
Sincerely,
    
	
 
    	
 
    
	
 
    	
SUTHERLAND ASBILL & BRENNAN LLP
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen E. Roth
    
	
 
    	
 
    	
Stephen E. RothExhibit 10(b)

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We hereby consent to the use in this Registration Statement on Form N-4 (File No. 033-070984) of our report dated March 30, 2011, relating to the consolidated financial statements and financial statement schedules of Protective Life Insurance Company and subsidiaries, which appears in such Registration Statement.  We also consent to the use in this Registration Statement on Form N-4 (File No. 033-070984) of our report dated April 25, 2011, relating to the financial statements of Protective Variable Annuity Separate Account, which appears in such Registration Statement.  We also consent to the reference to us under the heading “Experts” in such Registration Statement.

 

 

/s/ PricewaterhouseCoopers LLP

 

 

PricewaterhouseCoopers LLP

Birmingham, Alabama

April 27, 2011Exhibit 10(a)

 

STEPHEN E. ROTH

DIRECT LINE: 202.383.0158

E-mail: steve.roth@sutherland.com

 

April 27, 2011

 

Board of Directors

Protective Life Insurance Company

2801 Highway 201 South

Birmingham, Alabama 35223

 

Directors:

 

We hereby consent to the reference to our name under the caption “Legal Matters” in the statement of additional information filed as part of post-effective amendment number 14 to the registration statement on Form N-4 (File No. 333-94047) filed by Protective Life Insurance Company and Protective Variable Annuity Separate Account with the Securities and Exchange Commission.  In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933.

 

	
 
    	
Sincerely,
    
	
 
    	
 
    
	
 
    	
SUTHERLAND ASBILL & BRENNAN LLP
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen E. Roth
    
	
 
    	
 
    	
Stephen E. RothExhibit 10(b)

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We hereby consent to the use in this Registration Statement on Form N-4 (File No. 333-094047) of our report dated March 30, 2011, relating to the consolidated financial statements and financial statement schedules of Protective Life Insurance Company and subsidiaries, which appears in such Registration Statement.  We also consent to the use in this Registration Statement on Form N-4 (File No. 333-094047) of our report dated April 25, 2011, relating to the financial statements of Protective Variable Annuity Separate Account, which appears in such Registration Statement.  We also consent to the reference to us under the heading “Experts” in such Registration Statement.

 

 

/s/ PricewaterhouseCoopers LLP

 

 

PricewaterhouseCoopers LLP

Birmingham, Alabama

April 27, 2011Exhibit 10.1

 

	
 
    	
November 11, 2009
    
	
 
    	
 
    
	
 
    	
 
    
	

    	
 

Joseph P.   Lacher, Jr.

95 Drumlin Road

South   Glastonbury, CT  06073

 

 

Dear Joe:

 

We are excited   about the prospect of you joining the Allstate team. The purpose of this   letter is to officially extend to you an offer to join Allstate as President,   Protection effective November 30, 2009. The terms and conditions of this   offer are briefly outlined below. We are pleased to offer you this   compensation and benefits package, the most important elements of which are outlined   below.

 

Base   Salary

 

Your annualized   base salary will be $650,000 ($54,166.67 per month) and will be paid   bi-weekly. Subsequent increases in base salary, generally awarded on an   annual basis, will be dependent on your performance and the performance of the   company.

 

Annual Incentive   Compensation

 

In addition to   your base salary, you will be eligible to receive incentive compensation   under our annual incentive program. In this program, you will be eligible for   an annual cash incentive award targeted at 125% of your base salary.   Individual incentive awards are designed to reward results for corporate and   personal performance. For   2009, your incentive award will be guaranteed at the target award amount   pro-rated based on your hire date and payable in cash by March 15, 2010.

 

Additionally,   subject to the terms and conditions of The Allstate Corporation 2009 Equity   Incentive Plan, you will be eligible for annual awards of equity equal to   350% of your base salary.  A 350% award   value will be guaranteed to you for your 2010 grant subject to the approval   of the Compensation & Succession Committee in February 2010.   Historically, equity has been granted in the form of stock options and   restricted stock units. Using a valuation formula, options are generally   awarded annually at the fair market value of the common stock on the date of   grant with the approval of the Board. The options generally have a ten year   term and vest in equal installments over a four year period starting on the   first anniversary date. The restricted stock units, which are based on   market value at the time of grant, generally convert in one installment four   years from the grant date and pay dividend equivalents in cash.    Management is provided with the opportunity to apply discretion to the annual   award amount.

 
    
	
 
    
	

    	
1

2775 Sanders Rd   A1 North Plaza·Northbrook, IL 60062·847-402-8209·ssinc@allstate.com

 
    
			

 

 

Exhibit 10.1

 

	
 
    	
Signing   Bonus - Equity
    
	
 
    	
 
    
	

    	
 

In connection   with your hire, you will receive a one time equity signing bonus of   $1,500,000 to be granted 65% in stock options and 35% in restricted stock   units. The stock options and the restricted stock units will be granted to   you on the first business day of the month following your date of hire. The   stock options have a ten-year term and vest in four equal installments   starting on the first anniversary of the date of grant. The option exercise   price will be the closing price of a share of Allstate stock on the date of   grant. The restricted stock units convert in two equal installments two and   four years respectively from the grant date and pay dividend equivalents in   cash.

 

Relocation   Assistance

 

You will be   eligible for a relocation package if you are employed with Allstate through   January 1, 2010. A lump sum payment to cover such items as travel,   lodging and meals for home finding, temporary living, and return trips; as   well as relocation allowance to help with some of the expenses not covered   under the relocation policy will be paid no later than March 15, 2011.   You will be eligible for other relocation assistance including certain   benefits related to home sale assistance, finding and purchasing a home in   the Chicago area, and packing and moving your household goods, pursuant to   the terms of the policy that is in effect. An Allstate’s relocation representative will provide complete details on   the relocation benefits available to you. During this transition period, you   will be responsible for any expenses associated with your living arrangements   in Northbrook and your commute to and from your Connecticut home.

 

Vacation   and Holidays

 

Allstate   provides a Paid Time Off (PTO) bank to employees. Starting in 2010, you will   be eligible for up to 25 days of PTO on an annual basis.  The PTO bank can be used for vacation,   personal matters, family illness and illness not covered by the short term   disability (STD) plan and are intended to provide you with additional   flexibility in planning your professional and personal life.  In addition to PTO days, you will receive   company holidays and miscellaneous time off for events such as a funerals and   jury duty. For 2009, your PTO bank of 19 days will be pro-rated based upon   your date of hire.

 

Executive   Benefits and Perquisites

 

Benefits:

 

You will have   the opportunity to participate, subject to the express terms and conditions   of the respective plans, in a comprehensive package of benefit plans.  The following benefit plans are   offered:  Medical, Dental, Vision,   Employee Life Insurance, Dependant Life Insurance, Accidental Death and   Dismemberment Insurance, Long Term Disability Insurance, Health Care
    
	
 
    
	

    	
2

2775 Sanders Rd   A1 North Plaza·Northbrook, IL 60062·847-402-8209·ssinc@allstate.com

 
    
			

 

 

Exhibit 10.1

 

	
 
    	
Flexible   Spending Account, Dependent Care Flexible spending Account, Purchase of PTO   days, Group Critical Illness, and a Group Legal Plan.
    
	
 
    	
 
    
	

    	
 

You   are eligible to participate in the medical plan on your first day of   employment.  Coverage under the medical   plan is not subject to pre-existing limitations.

 

Accompanying   this letter is an overview of these programs.

 

Car Allowance,   Tax Preparation, and Executive Physicals:

 

As a Senior   Management Team member, you will be entitled to an annual car allowance of   $13,560 ($1,130 per month). Additionally, other perquisites you are entitled   to will include financial planning services of up to $10,000 per year,   personal tax preparation services and executive physicals through the   Allstate Executive Health Management program. Change-in-control benefits are   provided pursuant to an agreement to be presented to you upon hire.

 

Retirement   Plan and 401(k):

 

You will also   have the opportunity to participate in the Allstate Retirement Plan and the   Allstate 401(k) Savings Plan subject to the Plan’s terms and   conditions.  The Allstate Retirement   Plan is a pension plan that is funded by Allstate and provides benefits at   your retirement based on compensation and years of service with Allstate   under a cash balance formula.

 

The Allstate   401(k) Savings Plan allows eligible employees to make pre- and after-tax   deposits to their 401(k) savings accounts.  Participants may be   eligible for a company contribution on pre-tax deposits of up to 5% of   eligible compensation, based on a two-tiered formula.  The minimum   amount the company will contribute annually is 50 cents for each dollar on   the first three percent of eligible pre-tax compensation contributed, and 25   cents on the dollar on the next two percent of eligible pre-tax compensation   contributed.  The company contributions   are made in the form of Allstate stock and the amount of the matching award   is based on our Customer Loyalty Index.

 

An overview of   many of the benefits provided by our total rewards program is included for   your review. Additionally, you can visit our career website at www.allstate.jobs.

All of our   compensation and benefit programs are subject to future modifications as   appropriate to help us continue to be competitive in the marketplace.

 

Joe, we believe   you will make a critical contribution to Allstate and enjoy a challenging and   rewarding career in the process. We want you to be a part of our success and   share in the rewards.
    
	
 
    
	

    	
3

2775 Sanders Rd   A1 North Plaza·Northbrook, IL 60062·847-402-8209·ssinc@allstate.com

 
    
			

 

 

Exhibit 10.1

 

	
 
    	
We are delighted   to extend this offer to you, and we look forward to a favorable reply. To   confirm your acceptance of this offer of employment with Allstate subject to   its policies, please sign and date this letter and return it in the FedEx   envelope provided.
    
	
 
    	
 
    
	

    	
 

Sincerely,

 

/s/ Suzanne Sinclair

 

Suzanne Sinclair

Director Allstate   Talent Acquisition

 

 

 

ACCEPTED AND AGREED:

 

Name:                       Joseph P.   Lacher, Jr.

 

Signature:                  /s/ Joseph P. Lacher, Jr.

 

Date:                         11/13/09

 

 
    
	
 
    
	

    	
4

2775 Sanders Rd   A1 North Plaza·Northbrook, IL 60062·847-402-8209·ssinc@allstate.com

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