Document:

EX-10.20

 Exhibit 10.20 
 STANCORP FINANCIAL GROUP, INC. 
 RESTRICTED STOCK UNIT AWARD
AGREEMENT 
 (Management Committee Form) 
 Pursuant to Section 7 of the 2002 Stock Incentive Plan, as amended (the “Plan”), of StanCorp Financial Group, Inc., an Oregon corporation (the “Company”), and effective as of
                            , the Company hereby grants restricted stock units (“RSUs”) to
                             (the “Employee”) on the terms and conditions of this Agreement.
By accepting this RSU grant through the on-line system used by the Company to administer the Plan, the Employee agrees to all of the terms and conditions of the RSU grant. The Company and the Employee agree as follows: 

1.     Award.    Subject to the terms and conditions of this Agreement, the Company hereby
grants to the Employee                      RSUs. The grant of RSUs obligates the Company, upon vesting in accordance with this Agreement, to
deliver to the Employee one share of common stock (“Common Stock”) of the Company (a “Share”) for each RSU. The RSUs are subject to forfeiture as set forth in Section 2.4 below. 

2     Vesting. 
 2.1     Generally.    All of the RSUs shall initially be unvested, and all of the RSUs shall vest on
                             (the “Vesting Date”). 

2.2     Acceleration Upon Death or Disability.    If the Employee has a Termination of
Employment prior to the Vesting Date as a result of Total Disability or Death as such terms are defined in Sections 6.1-4(b) and 6.1-4(c), respectively, of the Plan, all of the RSUs shall immediately vest. 

2.3     Change of Control.    All of the RSUs shall immediately vest if the Employee
becomes entitled to the severance benefits provided under the terms of Employee’s Change of Control Agreement with the Company, as such agreement may be amended from time to time, and all conditions to the payment of such severance benefits,
including the execution of a release and expiration of the applicable revocation period, have been satisfied. 
 2.4
    Forfeiture.    If the Employee has a Termination of Employment prior to the Vesting Date, other than by reason of Total Disability or Death, any RSUs that did not vest pursuant to this
Section 2 at or prior to the time of such Termination of Employment shall be forfeited to the Company; provided, however, that if RSUs are forfeited under this sentence and an event described in Section 2.3 subsequently occurs, the RSUs
shall be restored to the Employee and vested. 
 2.5     A “Termination of Employment”
shall be deemed to occur on the date on which the Employee ceases to be employed on a continuous full time basis by the Company or a subsidiary of the Company for any reason or no reason, with or without cause. The Employee shall not be treated as
having a Termination of Employment during the time the Employee is receiving long term disability benefits provided by the Company or a subsidiary of the Company, unless the Employee has received formal written notice of termination. 

 3.     Delivery.    Subject to applicable tax
withholding, as soon as practicable on or after the Vesting Date, the Company will issue to the Employee the number of Shares underlying the RSUs that vested. 
 4.     Tax Withholding.    The Employee acknowledges that, on the date the Shares are issued to the Employee (the “Payment Date”), the Value (as
defined below) on that date of the Shares will be treated as ordinary compensation income for federal and state income and FICA tax purposes, and that the Company will be required to withhold taxes on these income amounts. To satisfy the required
minimum withholding amount, the Company shall withhold the number of Shares having a Value equal to the minimum withholding amount. For purposes of this Section 4, the “Value” of a Share shall be equal to the closing market price for
Common Stock on the last trading day preceding the Payment Date. 
 5.     Mergers, Consolidations or
Changes in Capital Structure.    If, after the date of this Agreement, the outstanding Common Stock is increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the
Company or of another corporation by reason of any reorganization, merger, consolidation, plan of exchange, recapitalization, reclassification, stock split, combination of shares or dividend payable in shares, or in the event of any consolidation,
merger or plan of exchange involving the Company pursuant to which the Common Stock is converted into cash, securities or other consideration, then appropriate adjustment shall be made by the Organization and Compensation Committee of the
Company’s Board of Directors in the number and kind of shares subject to this Agreement so that the Employee’s proportionate interest before and after the occurrence of the event is maintained. 

6.     No Right to Employment.    Nothing in this Agreement or the Plan shall
(i) confer upon the Employee any right to be continued in the employment of the Employee’s employer or interfere in any way with the right of such employer to terminate the Employee’s employment at any time, for any reason or no
reason, with or without cause, or to decrease the Employee’s compensation or benefits, or (ii) confer upon the Employee any right to the continuation, extension, renewal, or modification of any compensation, contract or arrangement with or
by the Company or any subsidiary of the Company. 
 7.     Approval.    The
obligations of the Company under this Agreement and the Plan are subject to the approval of state, federal or foreign authorities or agencies with jurisdiction in the matter. The Company will use its reasonable best efforts to take steps required by
state, federal or foreign law or applicable regulations, including rules and regulations of the Securities and Exchange Commission and any stock exchange on which the Company’s shares may then be listed, in connection with the grant evidenced
by this Agreement. The foregoing notwithstanding, the Company shall not be obligated to deliver the Shares if such delivery would violate or result in a violation of applicable state or federal securities laws. 

 8.    Miscellaneous. 

8.1    Governing Law.    This Agreement shall be governed by and construed under the laws
of the State of Oregon, without regard to the choice of law principles applied in the courts of such state. 

8.2    Severability.    If any provision or provisions of this Agreement are found to be
unenforceable, the remaining provisions shall nevertheless be enforceable and shall be construed as if the unenforceable provisions were deleted. 
 8.3    Entire Agreement.    This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all
prior and contemporaneous oral or written agreements between the Company and the Employee relating to the subject matter hereof. 
 8.4    Amendment.    This Agreement may be amended or modified only by written consent of the Company and the Employee. 

8.5    Assignment.    The Employee may not assign this Agreement or any rights hereunder
to any other party or parties without the prior written consent of the Company. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

 
  

			
	 STANCORP FINANCIAL GROUP, INC.

		
	 By:EX-10.21

 Exhibit 10.21 
 STANCORP FINANCIAL GROUP, INC. 
 DEFERRED COMPENSATION PLAN FOR SENIOR
OFFICERS 
  
  

SECOND AMENDMENT 
  

 
 WHEREAS, StanCorp Financial
Group, Inc. (“Employer”) has adopted the StanCorp Financial Group, Inc. Deferred Compensation Plan for Senior Officers (“Plan”) which became effective January 1, 1976, and which was most recently restated effective
January 1, 2008; and 
 WHEREAS, the Employer has the authority to amend the Plan pursuant to Section 6.03 of the Plan; and

 WHEREAS, the Employer, by and through its Board of Directors, has delegated to its Chief Executive Officer the authority to appoint one or
more individuals to control and/or manage Plan operation and administration which includes reviewing and deciding benefit claims and appeals under the Plan; 
 NOW, THEREFORE, the Plan is amended such that the Employer’s Director, Compensation and Benefits shall be responsible for managing Plan operation and administration which includes reviewing and
deciding benefit claims and appeals under the Plan. If the position with the title of Director, Compensation and Benefits ceases to exist, then these responsibilities shall be delegated to the individual whose responsibilities most closely resemble
the responsibilities of the Director, Compensation and Benefits. 
 This Amendment shall be effective July 11, 2013. 

 

			
	 	 	STANCORP FINANCIAL GROUP, INC.
		
	 By:
	 	  

		 	(Signature)
		
		 	 J. Greg Ness

		 	(Print or Type Name)
		
	 Title:
	 	 Chief Executive Officer

		
	 Date Signed:EX-10.22

 Exhibit 10.22 
 STANCORP FINANCIAL GROUP, INC. 
 DEFERRED COMPENSATION PLAN FOR SENIOR
OFFICERS 
 (2008 Restatement) 
 THIRD AMENDMENT 
 WHEREAS, StanCorp Financial Group, Inc. (“Employer”) sponsors
the StanCorp Financial Group, Inc. Deferred Compensation Plan for Senior Officers (the “Plan”); and 
 WHEREAS, pursuant to
Section 6.03(A) of the Plan, the Employer, acting by and through its Board of Directors, has the authority to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan to reflect a change to the way that Earnings are allocated to Participant Accounts following a
Participant’s Separation from Service. 
 NOW THEREFORE, the Plan be, and hereby is, amended as set forth in this Third Amendment to the
Plan, effective for Plan Years beginning on and after January 1, 2014. 
  

	1.	Section 4.02(b) of the Plan’s Adoption Agreement is deleted in its entirety and replaced with the following: 

“(b)     Form. The Plan will make payment in the form of: 

    x
      (i)        Lump-sum. A single payment. 
     x       (ii)       Installments. In either 5 or 10
substantially equal installments. 
 Where payment is to be made in the form of installments, the following shall apply: 

A.            If a Participant’s Account is less than
$50,000 on the January 1 immediately following the Participant’s Separation from Service, then the Participant’s Account will be paid as a single lump-sum distribution in the January immediately following the Participant’s Separation
from Service, without regard to a Participant’s previous election as to the time or form of payment of the Participant’s Account. 
 B.            In the event of an Unforeseeable Emergency, the portion payable to the Participant on account of the Unforeseeable Emergency shall
be paid as a lump sum, and the remainder of the Participant’s Account shall be paid as installment payments under this section (ii). 
 C.            Where a Participant dies and either (i) the Participant had elected to receive the distribution in installment payments or
(ii) the Participant had previously commenced receiving installment payments, then amounts remaining in Participant’s Account shall be paid to Participant’s Beneficiary in a single lump sum payment within sixty (60) days after
the Participant’s death. 

									
		  	 D.            The Participant’s Account shall be credited on an annual
basis with an earnings rate computed in the same way as interest (the “Earnings Rate”), with such rate determined annually in the complete and sole discretion of the Employer’s Management Committee and communicated to Participants
prior to the commencement of the Plan Year for which the Earnings Rate is to be effective. The Earnings Rate established by the Management Committee shall be established annually and shall be based on an assumed rate of return on the Employer’s
general portfolio for a given Plan Year. The Earnings Rate for a given Plan Year may, and likely will, differ from the actual rate of return experienced by the Employer’s general portfolio for a Plan Year.

					
		  		    	 ̈	    	(iii)	    	Annuity. An immediate annuity contract.
					
		  		    	 ̈	    	(iv)	    	(Specify): N/A”
	
	2.         Item 5.02(a) of the Plan’s Adoption Agreement is deleted in its entirely and replaced with the
following:
		
		  	“5.02 No Trust. The Employer by electing (a) or (b) below does not create the Trust described in Section 5.03. Section 5.02 applies. The
Employer will credit each Participant’s Account with (choose one or both of (a) or (b)):
				
		  	x	    	(a)	    	Actual Earnings (choose only one of (i) through (iv)):
					
		  		    	 ̈	    	(i)	    	Employer direction. As a result of the Employer’s directed investment of the Account.
					
		  		    	 ̈	    	(ii)	    	Participant direction. As a result of the Participant’s directed investment of his/her own Account.
					
		  		    	 ̈	    	(iii)	    	Participant direction over Elective Deferrals. As a result of the Participant’s directed investment of
		  	his/her own Elective Deferral Account, and the Employer’s directed investment of the balance of the Participant’s Account.
					
		  	        	    	x	    	(iv)	    	(Specify): As a result of the Participant’s directed investment of his/her own Account, except that
		  	beginning January 1 following the Participant’s Separation from Service or as of the date of the Participant’s death, as applicable, and continuing until
the entire balance of the Account has been paid to the Participant or Beneficiary, the Participant’s Account shall be credited with the Earnings Rate as described in Section 4.02(b)(2)(D) of the Plan’s Adoption Agreement, which
Earnings Rate for a given Plan Year shall be established annually prior to the beginning of each Plan Year.
		
	        	  	 Notwithstanding any other provision of this Plan that may be interpreted to the contrary, including but not necessarily limited to the
Plan’s use of the term “Actual Earnings,” the Earnings Rate is to be used for measurement purposes only, and the calculation of additional amounts and the crediting or debiting of such amounts to a Participant’s Account shall not
be considered or construed in any manner as an actual investment of the Participant’s Account in any investments.

 In the event that the Employer, in its own discretion, decides to invest funds in any
investments, including but not necessarily limited to the Employer’s general account, no Participant shall have any rights in or to such investments themselves. Without limiting the foregoing, a Participant’s Account shall at all times be
a bookkeeping entry only and shall not represent any investment made on his or her behalf by Employer; the Participant shall at all times remain a general, unsecured creditor of the Employer.” 

 

			
		 	STANCORP FINANCIAL GROUP, INC.
		
	By:	 	  

		 	(Signature)
		
		 	 J. Greg Ness

		 	(Print or Type Name)
		
	Title:	 	 Chief Executive Officer

		
	Date Signed:

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