Document:

EX-10.15

 Exhibit 10.15 

AMENDMENT NUMBER TWO TO THE AMERICAN NATIONAL 

FAMILY OF COMPANIES EXECUTIVE SUPPLEMENTAL SAVINGS PLAN 

WHEREAS, American National Insurance Company (the “Company”) adopted the American National Family of Companies Executive
Supplemental Savings Plan (the “Plan”) effective October 31, 2013. 
 WHEREAS, the Company desires to make certain
clarifying and technical changes to the Plan; 
 NOW, THEREFORE, the Plan is hereby amended as follows, effective January 1,
2015. 
 1.        Change of Name. The name of the Plan is changed to the
“American National Executive Supplemental Savings Plan.” The title page, table of contents, and page 1 of the Plan may be revised to reflect the change in name of the Plan. The administrator may also substitute any page having a footer
referring to the “American National Family of Companies” to substitute a page referring to American National. 

2.        Section 1.07 is deleted in its entirety and replaced with the following: 

1.07        Compensation. 

    (a)           Except as hereinafter provided,
“Compensation” for any Plan Year shall mean all payments made by an Employer (in the course of the Employer’s trade or business) to a Participant for services for which the Employer is required to furnish the employee a written
statement under Code Sections 6041(d), 6051(a)(3), and 6052 (W-2 or equivalent). 

    (b)           Compensation shall include any
amount which is contributed by the Employer pursuant to a salary reduction agreement and which is not includible in the gross income of the employee under Sections 125, 132(f)(4), 402(e)(3), 402(h)(1)(B) or 403(b) of the Code. 

    (c)           Compensation shall not include
reimbursements or other expense allowances, fringe benefits (cash or non-cash), moving expenses, deferred compensation and welfare benefits. 

    (d)           Compensation shall not include any
amount otherwise includable in Compensation that results from restricted stock, restricted stock units or stock appreciation rights or Christmas bonuses. 

    (e)           In determining the Employer
Matching Contribution and Employer Nonelective Contribution to which a Participant is entitled under Article IV, the Participant’s Compensation shall be determined before any Deferral made under this Plan. 

3.        Section 1.15 is deleted in its entirety and replaced with the following: 

1.15        401(k) Plan. The qualified retirement plan adopted by an Employer
that includes a cash or deferred arrangement under Section 401(k) of the Code, in which the Participant is eligible to participate, as such plan is amended from time to time. The current 401(k) Plan is the American National 401(k) Plan. 

4.        Section 1.21 is deleted in its entirety and replaced with the following: 

1.21        Trust. “Trust” shall mean the American National Combined
Supplemental Savings Trust Agreement. 

 5.        Section 4.02 is deleted in its entirety
and replaced with the following: 
 4.02    Employer Nonelective Contributions.  

(a)        For each Plan Year, the applicable Employer will make a Nonelective
Contribution to the Plan on behalf of each Participant employed by it equal to the sum of the amounts in (i) and (ii) below: 
  

	 	(i)	Two percent of so much of his or her Compensation as exceeds the applicable limitation under Section 401(a)(17) for that year. 

  

	 	(ii)	The amount, if any, by which the Employer Matching Contribution or Employer Profit Sharing Contribution allocated to the Participant’s account under the 401(k) Plan for any Plan Year is less than the amount that
such allocation would have been if the amount of the Participant’s Compensation Deferral Election hereunder would have been paid in cash to the Participant for that year and all other limitations under the 401(k) Plan apply. 

(b)        To be eligible for the Employer Nonelective Contribution, the Participant
must not have incurred a Termination of Service prior to the last day of the Plan Year unless such termination occurred due to death or Disability or was after the Participant attained age 55 and completed five or more years of employment. 

6.        Paragraph (b) of Section 5.01 is deleted in its entirety and replaced with the
following: 
 (b)        The Committee shall approve three or more investment
funds to be used for tracking the deemed investment of Participants’ Accounts. The investment funds may consist of mutual funds, insurance, annuities, common or group trust funds, certificates of deposit, guaranteed investment contracts or
other investment vehicles approved by the Committee. The Committee may change any such investment funds at any time and from time to time upon thirty (30) days’ notice to Participants. 

7.        A new paragraph (g) is added to Section 6.03 as follows: 

(g)        The total number of election changes made under paragraphs (c) and
(d) of this Section and under paragraphs (b) and (c) of Section 6.04 shall not exceed three (3). 

8.        A new paragraph (d) is added to Section 6.04 as follows: 

(d)        The total number of election changes made under paragraphs (b) and
(c) of this Section and under paragraphs (c) and (d) of Section 6.03 shall not exceed three (3). 

9.        Exhibit “A” is deleted in its entirety and not replaced. 

IN WITNESS WHEREOF, the Company has executed this Amendment of the Plan as of the
10th day of April, 2015. 
  

			
	 AMERICAN NATIONAL INSURANCE COMPANY

		
	 By:
		/s/ Bruce M. LePard
		
	 Title:
		SVP and CHRO

 AMENDMENT NUMBER ONE TO THE AMERICAN NATIONAL 

FAMILY OF COMPANIES EXECUTIVE SUPPLEMENTAL SAVINGS PLAN 

WHEREAS, American National Insurance Company (the “Company”) adopted the American National Family of Companies Executive
Supplemental Savings Plan (the “Plan”) effective October 31, 2013. 
 WHEREAS, the Company desires to make certain
clarifying and technical changes to the Plan; 
 NOW, THEREFORE, the Plan is hereby amended as follows, effective January 1,
2014. 
 1.        Section 1.07 is deleted in its entirety and replaced with the following:

 1.07        Compensation. Except as hereinafter provided,
“Compensation” for any Plan Year shall mean all payments made by an Employer (in the course of the Employer’s trade or business) to a Participant for services for which the Employer is required to furnish the employee a written
statement under Code Sections 6041(d), 6051(a)(3), and 6052 (W-2 or equivalent). Compensation shall include any amount which is contributed by the Employer pursuant to a salary reduction agreement and which is not includible in the gross income of
the employee under Sections 125, 132(f)(4), 402(e)(3), 402(h)(1)(B) or 403(b) of the Code. Compensation shall include the Life Marketing Bonus up to a maximum of one times the base pay of the Participant for the year to which the bonus relates.
Compensation shall not include reimbursements or other expense allowances, fringe benefits (cash or non-cash), moving expenses, deferred compensation and welfare benefits. Compensation shall not include any amount otherwise includable in
Compensation that results from restricted stock, restricted stock units or stock appreciation rights or Christmas bonuses. In determining the Employer Matching Contribution and Employer Nonelective Contribution to which a Participant is entitled
under Article IV, the Participant’s Compensation shall be determined before any Deferral made under this Plan. 
 IN WITNESS
WHEREOF, the Company has executed this Amendment of the Plan as of the 15th day of December, 2014. 
  

			
	 AMERICAN NATIONAL INSURANCE COMPANY

		
	 By:
		/s/ Bruce M. LePard
		
	 Title:
		SVP and CHROEX-10.16

 Exhibit 10.16 

RESTRICTED STOCK UNIT AGREEMENT 

THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made as of this
1st day of March, 2015, between AMERICAN NATIONAL INSURANCE COMPANY, a Texas insurance company (the “Company”), and «fullname» (the “Recipient”). 

1.        Award. Pursuant to the AMERICAN NATIONAL INSURANCE COMPANY 1999 STOCK AND
INCENTIVE PLAN (as amended, the “Plan”), as of the date of this Agreement and upon execution of this Agreement, «RSUwords» («RSUnumbers») restricted stock units (“Restricted Stock Units”) shall be
issued to the Recipient as hereinafter provided subject to certain restrictions thereon. The Recipient hereby: (i) accepts the Restricted Stock Units, subject to the terms and conditions of this Agreement; and (ii) acknowledges receipt of
a copy of the Plan and agrees that this award of Restricted Stock Units shall be subject to all of the terms and provisions of the Plan, including future amendments thereto, if any, pursuant to the terms thereof. 

2.         Vesting and Settlement. 

(a)         Vesting by Required Service. Provided that the Recipient serves continuously
in the employment of the Company until such date, the Restricted Stock Units shall become vested (then, “Vested RSUs”) in accordance with following schedule (“Required Service”): 

 

			
	 Date of Lapse
	  	 Number of Restricted Stock Units

	 March 1, 2016
	  	«firstthird»
	 March 1, 2017
	  	«secondthird»
	 March 1, 2018
	  	«thirdthird»

 (b)        Vesting by Retirement, Death or Disability.
Notwithstanding anything to the contrary in Section 2(a), if Recipient has served continuously in the employment of the Company until such date, any Restricted Stock Units which had not previously vested shall become vested on the first to
occur of Retirement, Death or Disability, each as defined below: 
  

	 	(i)	“Retirement” shall occur on the effective date of the Recipient’s retirement at or after attaining the age of 65. 

  

	 	(ii)	“Death” shall be the date of the Recipient’s death. 

  

	 	(iii)	“Disability” shall be the date the Company determines, in good faith, that, by reason of a physical or mental condition which has existed for thirty days or more, the Recipient is no longer able to perform the
material duties of the position with the Company then held by Recipient. 

  
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 (c)        Beneficiary upon Death.
Notwithstanding anything to the contrary contained in any will or testament previously or in the future executed by Recipient, Recipient hereby designates the person listed in Section 11 below as the beneficiary of any Restricted Stock Units
vesting upon Recipient’s Death. 
 Such beneficiary designation may be revoked or modified by written notice of Recipient to the Company. If all of the
beneficiary blanks below are not completed, Recipient’s estate will be the beneficiary in the event of Recipient’s death. 
 Any references to
“Recipient” herein shall in the event of Recipient’s death mean the beneficiary as provided in this Section 2(c). 

(d)        Settlement of Vested RSUs. 

 

	 	(i)	Any Restricted Stock Units that become Vested RSUs shall be settled as soon as administratively practicable after the date such Restricted Stock Units become Vested RSUs. Subject to the provisions of Sections 2(d)(ii)
and (iii) below, Restricted Stock Units shall be settled by the Company by delivering a number of shares (“Shares”) of the Company’s common stock, par value $1.00 per share, to the Recipient equal to the number of Vested RSUs.
The Company may issue the Shares either in certificated or uncertificated form registered in the name of the Recipient. Delivery of the Shares may be made to the Recipient in person at the Company’s home office or to the Recipient’s last
address reflected in the records of the Company. Neither the Recipient nor any of the Recipient’s successors, heirs, assigns or personal representatives shall have any further rights or interests in the Vested RSUs which are settled in
accordance with this Section 2(d). Notwithstanding anything herein to the contrary, the Company has no obligation to deliver any Shares if counsel to the Company determines that such delivery would violate any applicable law or any rule or
regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Company’s common stock is listed or quoted. The Company shall in no event be
obligated to take any affirmative action to comply with any such law, rule, regulation or agreement in order to cause the delivery of Shares. 

  

	 	(ii)	 Recipient may elect to have all or a specified portion of the Vested RSUs settled and converted to cash by completing, signing and delivering to the
Company a “Settlement Option Notice,” as 

  
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described herein, in the manner and by the deadline prescribed by the Settlement Option Notice. The Company shall provide Recipient a Settlement Option Notice prior to the settlement of any
Vested RSUs. The Settlement Option Notice will provide options for Recipient to elect to receive all or certain portions specified in the Settlement Option Notice of the Vested RSUs in cash. Vested RSUs converted to cash as described in this
Section 2(d) will be converted at Fair Market Value, as defined in the Plan, on the date on which the Restricted Stock Units vest. 

  

	 	(iii)	Unless the Recipient provides otherwise in the Settlement Option Notice, the Company shall withhold all federal taxes, and may withhold any state, local and other taxes, applicable to the vesting and settlement of
Vested RSUs at the time of such settlement. Such withholding shall be at rates required by and otherwise in accordance with applicable laws and regulations. Unless Recipient provides otherwise in the Settlement Option Notice, the Company shall
obtain the cash necessary for such withholding by reducing the number of Vested RSUs settled and converting to cash those Vested RSUs which remain unsettled. If the Company’s calculation of the number of Vested RSUs necessary to satisfy the tax
withholding obligations results in a fractional number of Vested RSUs, the number of Shares to be issued shall be rounded down to the nearest whole number and the number of Vested RSUs to be used to provide cash for the withholding taxes shall be
rounded up to the nearest whole number. 

 (e)        Clawback Provision.
The incentive compensation award pursuant to which the Restricted Stock Units are granted contains a “clawback” provision. Under the terms of such “clawback” provision, any incentive based compensation paid pursuant to such
award is subject to recovery if paid within the 3-year period preceding the date on which the Company is required to prepare an accounting restatement due to an Inaccurate Financial Statement, as defined in such award. Accordingly, notwithstanding
any other provisions of this Agreement, if the Company is entitled to recovery, whether full or partial, under any of Recipient’s incentive compensation awards when the Restricted Stock Units vest, the Company may refuse to settle all or such
portion of such Vested RSUs and instead retain the cash value from such unsettled RSUs to the extent necessary to satisfy any “clawback” recovery from Recipient. 

3.        Restrictions on and Limitations of Restricted Stock Units. 

(a)        Restrictions on Transfer. Except for Restricted Stock Units which transfer to
Recipient’s beneficiary upon Recipient’s death, the Restricted Stock Units, whether or not vested, may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of. 

(b)        Forfeiture of Restricted Stock Units. In the event the Recipient’s
employment with the Company terminates for any reason, other than Retirement, Death or Disability, the Recipient shall, for no consideration, forfeit all Restricted Stock Units which were not vested on such date. 

  
 Page 3 of 6 

 (c)        Rights Associated With Units.
Unless and until settled pursuant to this Agreement, the Restricted Stock Units do not confer any dividend rights, voting rights or any other rights as a shareholder of the Company. The Restricted Stock Units shall be evidenced only by the books of
the Company, and no certificate shall be issued in respect thereof. 
 (d)        Corporate
Acts. The existence of the Restricted Stock Units shall not affect in any way the right or power of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or
its business, any merger or consolidation of the Company, any issue of debt or equity securities, the dissolution or liquidation of the Company or any sale, lease, exchange or other disposition of all or any part of its assets or business or any
other corporate act or proceeding. The prohibitions of Section 3(a) hereof shall not apply to the transfer of Restricted Stock Units pursuant to a plan of reorganization of the Company, but the stock, securities or other property received in
exchange therefor shall also become subject to the restrictions and provisions applicable to the original Restricted Stock Units for all purposes of this Agreement. 

4.        Securities Regulation. The Shares may not be sold or otherwise disposed of in
any manner that would constitute a violation of any applicable federal or state securities laws. 

5.        Employment Relationship. For purposes of this Agreement, the Recipient shall
be considered to be in the employment of the Company as long as the Recipient remains an employee of the Company, a parent or subsidiary corporation of the Company or any successor corporation. Any question as to whether and when there has been a
termination of such employment, and the cause of such termination, shall be determined by the Company, and its determination shall be final. 

6.        Notices. Any notices or other communications provided for in this Agreement
shall be sufficient if in writing and if made in accordance with any form, content and timing requirements provided herein. In the case of the Recipient, such notices or communications shall be effectively delivered if hand delivered to the
Recipient at his principal place of employment or if sent by registered or certified mail to the Recipient at the last address he has filed with the Company. In the case of the Company, such notices or communications shall be effectively delivered
if sent by registered or certified mail to the Company at its principal executive offices. 

7.        Construction and Administration. The Board of Directors of the Company has the
power to construe the Plan and this Agreement and to prescribe such rules and regulations relating thereto as it may deem advisable. The Board of Directors of the Company also has the authority, in the exercise of its sole and exclusive discretion,
to correct any defect or supply any omission or reconcile any inconsistency in this Agreement or in the Plan in the manner and to the extent it shall deem appropriate. The determinations and actions of the Board of Directors shall be conclusive.

  
 Page 4 of 6 

 8.        Plan Summary & Prospectus.
The Recipient acknowledges receipt of a Plan Summary & Prospectus. The Recipient agrees that the Company shall have the right, from time to time, to revise and amend the Plan Summary & Prospectus in the Company’s sole and
absolute discretion. 
 9.        Binding Effect. This Agreement shall be binding upon
and inure to the benefit of any successors to the Company and all persons lawfully claiming under the Recipient. 

10.        Controlling Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Texas. 
 [signatures on next page] 

  
 Page 5 of 6 

 11.        Beneficiary Designation. The
following person is hereby designated as “beneficiary” pursuant to Section 2(c) above: 
  

			
	 Beneficiary
		
	 Street Address
		
	 City
		
	 State
		
	 Zip
		

 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto
duly authorized, and the Recipient has executed this Agreement, all as of the date first above written. 
  

			
	AMERICAN NATIONAL INSURANCE COMPANY
		
	By:		  

			James E. Pozzi
			President, Chief Operating Officer
		
			  

			«signaturename», Recipient

  
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