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STATE OF TEXAS)
COLLIN COUNTY)
GLOBE LIFE INC.
DIRECTOR STOCK OPTION
AWARD NOTICE

GLOBE LIFE INC., a corporation organized and existing under the laws of the state of Delaware (the "Company") hereby awards _____________ (the "Optionee"), the following non-qualified stock option (the "Option") upon the terms and conditions hereinafter set forth.
AUTHORITY FOR GRANT
1. Stock Incentive Plan.  The Option is granted under the provisions of  the Globe Life Inc. 2018 Non-Employee Director Compensation Plan, as amended, a sub-plan of the Torchmark Corporation 2018 Incentive Plan (the "Plan"), as a Director Stock Option and is subject to the terms and provisions of the Plan, as amended, which shall be controlling. Capitalized terms used but not defined herein shall have the meaning given them in the Plan, which is incorporated by reference herein.
        
TERMS OF OPTION
2. Number of Shares.  The Optionee is hereby awarded an option to purchase from the Company ________ shares (the "Shares") of the Company's common capital stock.
3. Option Price Per Share.  The option price for each Share subject to the Option shall be $________, the closing price of the Stock on the New York Stock Exchange Composite Tape on ______________, _______ (the "Option Grant Date").
4. Vesting of Options; Option Period.  The Option shall be and become first exercisable in full six (6) months from the Grant Date of the Option. This Agreement shall terminate on the date which is seven (7) years from the Option Grant Date, and the parties 

hereto shall have no further rights or obligation hereunder. For the purposes of this Agreement, "Option Period" shall mean the seven (7) year period commencing on the Grant Date.
5. Method of Exercise.  The Option may be exercised to the extent then exercisable in whole or in part at any time during the Option Period, by giving written notice of exercise to the Company specifying the number of Shares to be purchased, accompanied by payment in full of the purchase price, in cash, by check or such other instrument as may be acceptable to the Compensation Committee of the Board of Directors of the Company (the "Committee"). Payment in full or in part may also be made in the form of unrestricted Stock already owned by the Optionee (based on the Fair Market Value of the Stock on the date the Option is exercised). The Optionee shall have the right to dividends or other rights of a stockholder with respect to the Shares subject to the Option when the Optionee has given written notice of exercise and has paid in full for such Shares.
6. Transferability of Options.  The Option shall not be assignable or transferable by the Optionee otherwise than by will or by laws of descent and distribution; provided, however, that the Committee may (but need not) permit other transfers where it concludes that such transferability (i) does not result in accelerated taxation, and (ii) is otherwise appropriate and desirable, taking into account any state or federal securities laws applicable to transferable Options and such Option shall be exercisable during the Optionee's lifetime, only by the Optionee.
TERMINATION OF OPTION
7. Accelerated Vesting.  Notwithstanding paragraph 4 above, the Option shall become immediately fully exercisable and vested upon the occurrence of a Change in Control as defined in the Plan, the Optionee’s death, the Optionee’s Retirement, or the Optionee’s Disability.

GENERAL TERMS AND PROVISIONS
8. Shares Listed on the Exchange.  The Shares for which the Option is hereby granted shall have been listed on the New York Stock Exchange at the time the Option is exercised.
9. Shares May Be Newly Issued or Purchased.  The Shares to be delivered upon the exercise of the Option shall be made available, at the discretion of the Company, either from authorized but previously unissued Shares or from Shares held in the treasury of the Company.
10. Change in Corporate Structure Affecting Shares.  In the event of any change in the number of issued Shares without new consideration to the Company such as by stock split,  reorganization, exchange of shares, recapitalization, liquidation, combination, stock dividend, or other change in corporate structure affecting the Stock, on any distribution of cash or property which has a substantial impact on the value of issued Shares such adjustment shall be made in the number and price of Shares subject to the Option so that the consideration payable to the Company and the value of the Option shall not be changed.
11. Certain Reorganizations.  The Committee shall authorize the issuance, continuation or assumption of any outstanding portion of the Option or provide for other equitable adjustments to the Option after changes in the Shares resulting from any merger, consolidation, sale of assets, acquisition of property or stock, recapitalization, reorganization or similar occurrence in which the Company is the continuing or surviving corporation.
12. Payment of Taxes.  If the Option is or becomes subject to any minimum withholding requirement, the Committee may require the Optionee to remit such minimum withholding to the Company, or make other arrangements satisfactory to the Committee, in its sole discretion, regarding minimum withholding as a condition to exercising the Option or any portion thereof. The obligations of the Company under this Stock Option Award Notice shall be conditional on such payment or arrangements.

13. Headings.  The headings contained herein are for convenience of reference only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.
14. Notices.  Any notices required by or permitted to be given to the Company under this Agreement shall be made in writing and addressed to the Secretary of the Company in care of the Company's Legal Department, 3700 South Stonebridge Drive, McKinney, Texas 75070.  Any such notice shall be deemed to have been given when received by the Company.
15. Effective Date of Stock Option.  This Option has been executed this       day of    , _______, effective as of the ___ day of _____________, _______.

GLOBE LIFE INC.

By:                                                 
Its Duly Authorized Officer

                                                    
OPTIONEEDocument

R E S T R I C T E D   S T O C K   A W A R D   N O T I C E

Non-transferable

G R A N T   T O

______________________
 (“Grantee”)

by Globe Life Inc. (the “Company”) of

 ____________ Shares of its common stock, $1.00 par value (the “Shares”)

pursuant to and subject to the provisions of the Globe Life Inc. 2018 Non-Employee Director Compensation Plan, which is a sub-plan of the Torchmark Corporation 2018 Incentive Plan (collectively, the “Plans”) and to the terms and conditions set forth on the following page (the “Terms and Conditions”).  By accepting the Shares, Grantee shall be deemed to have agreed to the terms and conditions set forth in this Notice and the Plans. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plans.

Unless vesting is accelerated in accordance with the Plans, the Shares shall vest in accordance with the following schedule:  

									
	Vesting Date	

	Percent of Shares Vested
	Six (6) months after 
Grant Date
	

	100%

IN WITNESS WHEREOF, Globe Life Inc., acting by and through its duly authorized officers, has caused this Notice to be duly executed as of the Grant Date, as indicated below.

						
	GLOBE LIFE INC.

By:         
        
	

Grant Date:        

TERMS AND CONDITIONS
1. Restrictions. The Shares are subject to each of the following restrictions. “Restricted Shares” mean those Shares that are subject to the restrictions imposed hereunder which restrictions have not then expired or terminated. Restricted Shares may not be sold, transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered. If Grantee’s service as a director of the Company terminates for any reason other than as described in (b) below, then Grantee shall forfeit all of Grantee’s right, title and interest in and to any unvested Restricted Shares as of the date of termination, and such Restricted Shares shall be reconveyed to the Company without further consideration or any act or action by the Grantee. The restrictions imposed under this Paragraph shall apply to all shares of the Company’s Stock or other securities issued with respect to Restricted Shares hereunder in connection with any merger, reorganization, consolidation, recapitalization, stock dividend or other change in corporate structure affecting the Stock of the Company.
2. Expiration and Termination of Restrictions. The restrictions imposed under Paragraph 1 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”):
(a)as to all of the Shares, on the six (6) month anniversary of the Grant Date, or 
(b)the termination of Grantee’s service as a director of the Company by reason of his or her Retirement, death or Disability, or 
(c)the effective date of a Change in Control.
3. Delivery of Shares. The Shares will be registered in the name of Grantee as of the Grant Date and may be held by the Company during the Restricted Period in certificated or uncertificated form. If a certificate for Restricted Shares is issued during the Restricted Period, such certificate shall be registered in the name of Grantee and shall bear a legend in substantially the following form: “This certificate and the shares of stock represented hereby are subject to the terms and conditions contained in a Restricted Stock Award Notice between the registered owner and Globe Life Inc. Release from such terms and conditions shall be made only in accordance with the provisions of such Notice, copies of which are on file in the offices of Globe Life Inc.” Stock certificates for the Shares, without the above legend, shall be delivered to Grantee or Grantee’s designee upon request of Grantee after the expiration of the Restricted Period, but delivery may be postponed for such period as may be required for the Company with reasonable diligence to comply, if deemed advisable by the Company, with registration requirements under the 1933 Act, listing requirements of any Exchange, and requirements under any other law or regulation applicable to the issuance or transfer of the Shares.
4. Voting and Dividend Rights.  Grantee, as beneficial owner of the Shares, shall have full voting and dividend rights with respect to the Shares during and after the Restricted Period. If Grantee forfeits any rights he or she may have under this Notice, Grantee shall no longer have any rights as a stockholder with respect to the Restricted Shares or any interest therein and Grantee shall no longer be entitled to receive dividends on such stock. In the event that for any reason Grantee shall have 

received dividends upon such stock after such forfeiture, Grantee shall repay to the Company any amount equal to such dividends. 
5. Limitation of Rights.  Nothing in this Notice shall interfere with or limit in any way the right of the Company or any Affiliate to terminate Grantee’s service at any time, nor confer upon Grantee any right to continue in the service of the Company or any Affiliate.
6. Payment of Taxes.   Upon issuance of the Shares hereunder, Grantee may make an election to be taxed upon such award under Section 83(b) of the Code. To effect such election, Grantee may file an appropriate election with Internal Revenue Service within thirty (30) days after award of the Shares and otherwise in accordance with applicable Treasury Regulations. Grantee will, no later than the date as of which any amount related to the Shares first becomes includable in Grantee’s gross income for federal income tax purposes, pay to the Company, or make other arrangements satisfactory to the Committee regarding payment of, any federal, state and local taxes of any kind required by law to be withheld with respect to such amount. The obligations of the Company under this Certificate will be conditional on such payment or arrangements, and the Company, and, where applicable, its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from the award or any payment of any kind otherwise due to Grantee.
7. Plans Control. The terms contained in the Plans are incorporated into and made a part of this Notice and this Notice shall be governed by and construed in accordance with the Plans. In the event of any actual or alleged conflict between the provisions of the Plans and the provisions of this Notice, the provisions of the Plans shall be controlling and determinative.
8.  Successors. This Notice shall be binding upon any successor of the Company, in accordance with the terms of this Notice and the Plans.
9. Severability.  If any one or more of the provisions contained in this Notice is invalid, illegal or unenforceable, the other provisions of this Notice will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 
10. Notice. Notices and communications under this Notice must be in writing and either personally delivered or sent by registered or certified United States mail, return receipt requested, postage prepaid. Notices to the Company must be addressed to Globe Life Inc., 3700 South Stonebridge Drive, McKinney, Texas 75070, Attn: Secretary, or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with the Company, or at any other address given by Grantee in a written notice to the Company.

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