Document:

Amendment No. 1 to the Amended and Restated Supplemental Executive Retirement

 Exhibit 10.6 
 AMENDMENT NUMBER ONE 
 TO THE ASSURANT 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 THIS AMENDMENT to the Assurant
Supplemental Executive Retirement Plan, as amended and restated effective as of January 1, 2008 (the “Plan”), is adopted by Assurant, Inc. (the “Company”), effective as of the dates set forth herein. 
 W I T N E S S E T H: 
 WHEREAS,
the Company currently maintains the Plan; and 
 WHEREAS, the Company previously reserved the right to amend the Plan through action
of the Benefit Plans Committee (the “Committee”); 
 NOW, THEREFORE, the Committee amends the Plan as follows: 

1. 
 Effective as of January 1, 2009,
the first paragraph in the definition of “Adverse Change of Circumstance” in Article 2 of the Plan is hereby revised to read as follows: 
 Adverse Change of Circumstance. If a Change in Control occurs with respect to Assurant under subparagraphs (ii), (iii), (iv) or (v) of Section 9.01, then a Participant shall be deemed to have had an Adverse Change of
Circumstance if (i) he was employed by Assurant or any Division immediately prior to a Change in Control; and (ii) after such Change in Control of Assurant as described in Section 9.01, (x) the Participant’s employment with
Assurant and all of its subsidiaries is terminated by Assurant without Cause; or (y) the Participant terminates employment voluntarily with Assurant and all of its subsidiaries for Good Reason. 
 2. 
 Effective as of January 1, 2009, a
new definition of “Affiliated Company” is hereby added to Article 2 of the Plan to read as follows: 
 Affiliated Company
shall mean any company controlled by, controlling or under common control with the Company. 

 3. 
 Effective January 1, 2009, the definition of “Assurant Executive Pension Plan” under Article 2 of the Plan is hereby revised to read as follows: 
 Assurant Executive Pension Plan shall mean the Assurant Executive Pension Plan, a nonqualified, unfunded, deferred compensation plan, as it may be amended from time to time, or its successor. 
 4. 
 Effective January 1, 2009, the
definitions of “Business Combination”, Fortis (B) and Fortis (NL) are hereby deleted from Article 2 of the Plan. 
 5.

 Effective January 1, 2009, the definition of “Good Reason” under Article 2 of the Plan is hereby revised to read as
follows: 
 Good Reason means actions taken by the Company resulting in a material negative change in the employment relationship and
includes any of the following circumstances: 
  

	 	(i)	the assignment to the Participant of duties materially inconsistent with such Participant’s position (including status, offices, titles and reporting requirements), authority,
duties or responsibilities, or a material diminution in such position, authority, duties or responsibilities or a material diminution in the budget over which the Participant retains authority; 

  

	 	(ii)	a material diminution in the authorities, duties or responsibilities of the person to whom the Participant is required to report, including a requirement that the Participant report
to an officer or employee instead of reporting directly to the Board; 

  

	 	(iii)	a material reduction in the Participant’s annual base salary, short-term cash bonus target amount or long-term incentive plan target amount or a material reduction in the
Participant’s aggregate Company-provided benefits (provided that for this purpose a reduction of 10% or greater shall be deemed to be material) or any failure by the Company to pay any such amounts to the Participant as earned by the
Participant; 

  

	 	(iv)	 the Company’s requiring the Participant to be based at any office or location resulting in a material increase in the Participant’s commute to and from
the Participant’s primary residence (for this purpose an increase 

  

 - 2 - 

	 	 
in the Participant’s commute by 30 miles or more shall be deemed material) or (ii) to be based at a location other than the principal executive
offices of the Company if the Participant was employed at such location immediately preceding the Change in Control; 

 Notwithstanding the foregoing, “Good Reason” shall not exist until after the Participant provides written notice to the Company of the existence of one or more of the conditions described in clauses (i) through
(iv) within 90 days following the Participant’s knowledge of the initial existence of such condition or conditions, specifying in reasonable detail the conditions constituting Good Reason, and the Company shall have 30 days following
receipt of such written notice (the “Cure Period”) during which it may remedy the condition. In the event that the Company fails to remedy the condition constituting Good Reason during the applicable Cure Period, the Participant’s
Separation from Service Date must occur, if at all, within two years following such Cure Period in order for such termination as a result of such condition to constitute a termination for Good Reason. The Participant’s mental or physical
incapacity following the occurrence of an event described above in clauses (i) through (iv) shall not affect the Participant’s ability to terminate employment for Good Reason and the Participant’s death following delivery of the
Notice of Termination shall not affect the Beneficiary’s entitlement to the benefits provided hereunder upon a separation from service for Good Reason. 
 Also notwithstanding the foregoing, “Good Reason” shall not exist if the Participant is offered employment with the Company or an Affiliated Company thereof in a position other than with the Division, or if
the Participant is offered employment with the third-party that acquires the Division or any of such third-party’s affiliates, and in either case such offer of employment includes a position, compensation and employment location that are
consistent with the requirements of clauses (i), (ii) (iii) and (iv) set out at the beginning of this definition of Good Reason. 
 6. 
 Effective as of January 1, 2009, Section 4.01(i) of the Plan is hereby revised to read as follows: 
  

	 	(i)	 Target Benefit is fifty percent (50%) of the Participant’s Annual Target Earnings as of his Separation from Service Date, multiplied by a fraction
(not to exceed one), the numerator of which is the number of months of Benefit Service as of his Separation from Service Date, and the denominator of which is two hundred forty (240). In other words, after twenty (20) years of Benefit Service,
a Participant will earn a full fifty percent (50%) benefit under this Plan. If the Comprehensive Benefit is paid prior to age 60, then the Target Benefit will be reduced on an Actuarially Equivalent basis to reflect early commencement from age
60 to the date the Comprehensive Benefit was paid; provided, however, that effective for 

  

 - 3 - 

	 	 
Participants who first became eligible to participate in the Plan on or after January 1, 2007, if the Comprehensive Benefit is paid prior to age 62,
then the Target Benefit will be reduced on an Actuarially Equivalent basis to reflect early commencement from age 62 to the date the Comprehensive Benefit is actually paid. If the Comprehensive Benefit is paid after a Participant reaches age 60,
then the Participant shall be entitled to the greater of the Target Benefit as of his Separation from Service Date or the Target Benefit accrued at age 60 increased on an Actuarially Equivalent basis to reflect late commencement from age 60 to the
date the Comprehensive Benefit begins to be paid; provided, however, that effective for Participants who first became eligible to participate in the Plan on or after January 1, 2007, if the Comprehensive Benefit is paid after the Participant
reaches age 62, then the Participant shall be entitled to the greater of the Target Benefit as of his Separation from Service Date or the Target Benefit accrued at age 62 increased on an Actuarially Equivalent basis to reflect late commencement from
age 62 to the date the Comprehensive Benefit begins to be paid. Any Actuarially Equivalent increase to the Target Benefit to reflect a Comprehensive Benefit paid after a Participant reaches age 60 or age 62, as applicable, shall be fully subject to
Section 409A and shall not affect a Participant’s benefit accrued and vested as of December 31, 2004. 

 7.

 Effective as of January 1, 2009, Article 9 of the Plan is hereby revised to read as follows: 
 ARTICLE NINE – CHANGE IN CONTROL 
 9.01 Definition of Change in Control. “Change of Control” means and includes any and each of the following, provided that with respect to sub-paragraph (i) below, a Change in Control of a Division shall only apply to
Participants who are actually employed by the Division that experienced the Change in Control: 
 (i) Any sale or other
disposition, to a third party, of the companies, assets or businesses comprising the Division having (x) book value equal to at least 70% of the book value of the aggregate consolidated assets of the Division immediately prior to such sale or
disposition; or (y) market value equal to at least 70% of the market value of the aggregate consolidated assets of the Division immediately prior to such sale or disposition; provided, that neither an initial public offering of some or all of
the Division nor a spin-off to the Company’s shareholders of some or all of the companies or business divisions comprising the Division (or a transaction having a similar effect) shall constitute a Change of Control. The final and binding
determination of whether a Change of Control has occurred for purposes of this subsection shall be made by the Board acting in good faith. 
  

 - 4 - 

 (ii) Any individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 30% or more of either
(x) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (y) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the
election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this Section 9.01, the following acquisitions shall not constitute a Change of Control: (1) any acquisition directly
from the Company, (2) any acquisition by the Company, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliated Company or (4) any acquisition pursuant to a
transaction that complies with clauses (1), (2) and (3) of subsection (iv) of this Section 9.01; 
 (iii)
Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date
hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of
the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or
threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 
 (iv) Consummation of a
reorganization, merger, statutory share exchange or consolidation or similar transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of
assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (1) all or substantially all of the individuals and entities that
were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of
common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent
governing body), as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets
either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as
the case may be, (2) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns,
directly or indirectly, 30% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation,

  

 - 5 - 

 
except to the extent that such ownership existed prior to the Business Combination, and (3) at least a majority of the members of the board of directors
(or, for a non-corporate entity, equivalent governing body) of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for
such Business Combination; or 
 (v) Approval by the stockholders of the Company of a complete liquidation or dissolution of
the Company. 
 9.02 Certain Changes to Plan upon a Change in Control. If (A) there is a Change in Control with respect to
Assurant (as defined in Section 9.01(ii), (iii), (iv) or (v)), or a Change in Control with respect to a Division (as defined in Section 9.01(i)); and (B) a Participant has an Adverse Change in Circumstance within two
(2) years following the Change in Control then, upon the Participant’s Separation from Service Date following such Adverse Change in Circumstances: 
 (i) the Participant shall be credited immediately with thirty-six (36) additional months of Benefit Service; and 
 (ii) the actuarial reduction for commencement of the Plan benefit prior to age 60 shall be calculated as though the Participant was
thirty-six (36) months older than his actual age. 
  

 - 6 - 

 * * * * * 
 Except as amended herein, the Plan shall continue in full force and effect. 
 IN WITNESS WHEREOF, the
Committee has caused this Amendment to be executed effective as of the dates set forth above. 
  

			
	 ASSURANT, INC.
 BENEFIT PLANS
COMMITTEE

		
	By:	 	/s/ Robyn Price Stonehill
		 	 Robyn Price Stonehill
 Vice President, Executive
Compensation & Retirement Plans

  

 - 7 -Form of Assurant, Inc. Restricted Stock Unit Award Agreement

 Exhibit 10.8 
 ASSURANT, INC. 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 [20__] Time-Based Award 
 THIS AGREEMENT, dated as of
[                                       
             ], between Assurant, Inc., a Delaware corporation (the “Company”), and
[                                       
                 ] (the “Participant”). 
 In consideration of the mutual promises and covenants made herein and the mutual benefits to be derived herefrom, the parties hereto agree as follows: 
 1. Grant, Vesting and Forfeiture of Restricted Stock Units. (a) Grant. Subject to the provisions of this Award
Agreement (this “Agreement”) and the provisions of the Assurant, Inc. Long Term Equity Incentive Plan (the “Plan”), the Company hereby grants to the Participant, as of
[                                    ] (the
“Grant Date”), [                ] Restricted Stock Units (the “Restricted Stock Units”), each with respect to one share of
common stock of the Company, par value $0.01 per Share (“Common Stock”). All capitalized terms used herein, to the extent not defined, shall have the meaning set forth in the Plan. 
 (b) Vesting during the Restriction Period. Subject to the terms and conditions of this Agreement, the Restricted Stock Units
shall vest and shall no longer be subject to any restriction on the anniversaries of the Grant Date set forth below (the period during which restrictions apply, the “Restriction Period”): 
  

				
	 Vesting Dates
 (Anniversaries of Grant Date)
	  	Percentage of
Restricted Stock Units Vesting	 
	 First Anniversary
	  	33	%
	 Second Anniversary
	  	33	%
	 Third Anniversary
	  	34	%

 (c) Forfeiture; Termination of Employment. Upon the Participant’s
Termination of Employment for any reason during the Restriction Period, all Restricted Stock Units still subject to restriction shall be forfeited. Notwithstanding the foregoing, (i) upon the Participant’s Termination of Employment during
the Restriction Period due to the Participant’s Retirement at any time following the end of the calendar year in which the Grant Date occurred, the restrictions applicable to any Restricted Stock Units shall immediately lapse, and such
Restricted Stock Units shall become free of all restrictions and become fully vested; and (ii) upon the Participant’s Termination of Employment during the Restriction Period by the Company without Cause, or Termination of Employment due to
death or Disability, the Participant shall vest in a number of Restricted Stock Units equal to the excess, if any, of (A) the product of (x) the total number of Restricted Stock Units and (y) a fraction, the numerator of which is the
number of full months in the Restriction Period from the Grant Date until the date of Termination of Employment (provided that, for this purpose, the month in which the Grant Date occurs shall be considered a full month) and the denominator
of which is the total number of months in the Restriction Period over (B) the number of Restricted Stock Units that previously vested as of the Termination of Employment without respect to this provision. For purposes of this Agreement,
employment with the Company shall include employment with the Company’s Affiliates and its successors. Nothing in this Agreement or the Plan shall confer upon the 

 
Participant any right to continue in the employ of the Company or any of its Affiliates or interfere in any way with the right of the Company or any such
Affiliates to terminate the Participant’s employment at any time. 
 2. Settlement of Units. As soon as
practicable after the date on which the Restriction Period expires, and in no event later than 30 calendar days after such date, the Company shall deliver to the Participant or his or her personal representative, in book-position or certificate
form, one Share that does not bear any restrictive legend for each vested Restricted Stock Unit. 
 3. Dividend
Equivalents. The Participant shall have the right to receive Dividend Equivalents with respect to Shares underlying Restricted Stock Units that are outstanding under this Agreement. The Dividend Equivalents represent the right to receive an
amount equal to the aggregate regular cash dividends that would have been paid to the Participant if the Participant had been the record owner, on each record date for a cash dividend during the period from the Grant Date through the date on which
the applicable Restricted Stock Units are settled, of a number of Shares equal to the applicable number of Restricted Stock Units that vest pursuant to this Agreement. The Dividend Equivalents shall be paid, in cash, as soon as practicable, but in
no event more than 45 calendar days following, the applicable record date for each such cash dividend. 
 4. Nontransferability of the Restricted Stock Units. During the Restriction Period and until such time as the Restricted Stock Units are ultimately settled as provided in Section 2 above, the Restricted Stock Units and the
Shares covered by the Restricted Stock Units shall not be transferable by the Participant by means of sale, assignment, exchange, encumbrance, pledge, hedge or otherwise. Any purported or attempted transfer of such Shares or such rights shall be
null and void. 
 5. Rights as a Stockholder. During the Restriction Period, the Participant shall not be entitled
to any rights of a stockholder with respect to the Restricted Stock Units (including, without limitation, any voting rights). 
 6. Adjustment; Change of Control. In the event of certain transactions during the Restricted Period, the Restricted Stock Units shall be subject to adjustment as provided in Section 3.4 of the Plan or any applicable
successor provision under the Plan. In the event of a Change of Control before the Restricted Stock Units vest, the restrictions applicable to the Restricted Stock Units shall lapse, such Restricted Stock Units shall become free of all restrictions
and become fully vested, consistent with Section 9.1 of the Plan, and shall be settled within 5 calendar days following the Change of Control; provided, however, that any Restricted Stock Units that constitute “nonqualified deferred
compensation” as defined under Section 409A of the Code shall not be settled upon such Change of Control unless the Change of Control constitutes a “change in control event” within the meaning of Section 409A of the Code and
will instead be settled at such time as specified in Section 2. 
 7. Payment of Transfer Taxes, Fees and Other
Expenses. The Company agrees to pay any and all original issue taxes and stock transfer taxes that may be imposed on the issuance of shares received by a Participant in connection with the Restricted Stock Units, together with any and all other
fees and expenses necessarily incurred by the Company in connection therewith. 
  

 -2- 

 8. Taxes and Withholding. No later than the date as of which an amount first
becomes includible in the gross income of the Participant for federal, state, local, foreign income, employment or other tax purposes with respect to any Restricted Stock Units, the Participant shall pay to the Company, or make arrangements
satisfactory to the Company regarding the payment of, all federal, state, local and foreign taxes that are required by applicable laws and regulations to be withheld with respect to such amount. The obligations of the Company under this Agreement
shall be conditioned on compliance by the Participant with this Section 8, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Participant, including deducting
such amount from the delivery of shares upon settlement of the Restricted Stock Units that gives rise to the withholding requirement. 
 9. Notices. Notices and other communications under this Agreement must be in writing and shall be given by hand delivery to the other party or by facsimile, overnight courier, or registered or certified
mail, return receipt requested, postage prepaid, addressed as follows: 
 If to the Participant: 
 At the most recent address 
 on file at the
Company. 
 If to the Company: 
 Assurant, Inc. 
 One Chase Manhattan Plaza, 41st Floor 
 New York, New York 10005 
 Attention:
Secretary 
 or to such other address or facsimile number as any party shall have furnished to the other in writing in accordance with this
Section 9. Notices and communications shall be effective when actually received by the addressee. Notwithstanding the foregoing, the Participant consents to electronic delivery of documents required to be delivered by the Company under the
securities laws. 
 10. Effect of Agreement. This Agreement is personal to the Participant and, without the prior
written consent of the Company, shall not be assignable by the Participant otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Participant’s legal
representatives. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 
 11. Laws Applicable to Construction; Consent to Jurisdiction. The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware without reference to principles of conflict
of laws, as applied to contracts executed in and performed wholly within the State of Delaware. In addition to the terms and conditions set forth in this Agreement, the Restricted Stock Units are subject to the terms and conditions of the Plan,
which is hereby incorporated by reference. 
  

 -3- 

 12. Severability. If any one or more of the provisions contained in this
Agreement are held to be invalid, illegal or unenforceable, the other provisions of this Agreement shall be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 
 13. Conflicts and Interpretation. In the event of any conflict between this Agreement and the Plan, the Plan shall control. In
the event of any ambiguity in this Agreement, or any matters as to which this Agreement is silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to
(a) interpret the Plan, (b) prescribe, amend and rescind rules and regulations relating to the Plan, and (c) make all other determinations deemed necessary or advisable for the administration of the Plan. The Participant and the
Company each acknowledges that this Agreement (together with the Plan) constitutes the entire agreement and supersedes all other agreements and understandings, both written and oral, among the parties or either of them, with respect to the subject
matter hereof. 
 14. Amendment. The Company may modify, amend or waive the terms of the Restricted Stock Unit
award, prospectively or retroactively, but no such modification, amendment or waiver shall materially impair the rights of the Participant without his or her consent, except as required by applicable law, stock exchange rules, tax rules or
accounting rules. The waiver by either party of compliance with any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by such party of a provision of this
Agreement. 
 15. Section 409A of the Code. It is the intention of the Company that the Restricted Stock
Units shall either (a) not constitute “nonqualified deferred compensation” as defined under Section 409A of the Code or (b) comply in all respects with the requirements of Section 409A of the Code and the regulations
promulgated thereunder, such that no delivery of Shares pursuant to this Agreement will result in the imposition of taxation or penalties as a consequence of the application of Section 409A of the Code. Shares in respect of any Restricted Stock
Units that (i) constitute “nonqualified deferred compensation” as defined under Section 409A of the Code and (ii) vest as a consequence of the Participant’s termination of employment shall not be delivered until the
date that the Participant incurs a “separation from service” within the meaning of Section 409A of the Code (or, if the Participant is a “specified employee” within the meaning of Section 409A of the Code and the
regulations promulgated thereunder, the date that is six months following the date of such “separation from service”). If the Company determines after the Grant Date that an amendment to this Agreement is necessary to ensure the foregoing,
it may, notwithstanding Section 14, make such an amendment, effective as of the Grant Date or any later date, without the consent of the Participant. Notwithstanding any provision of this Agreement or the Plan, in the event that any taxes or
penalties are imposed on the Participant by reason of Section 409A of the Code, the Participant acknowledges and agrees that such taxes or penalties shall be the exclusive obligation of the Participant, and the Company shall have no liability
therefor. 
  

 -4- 

 16. Headings. The headings of Sections herein are included solely for
convenience of reference and shall not affect the meaning or interpretation of any of the provisions of this Agreement. 
 17. Counterparts. This Agreement may be executed in counterparts, which together shall constitute one and the same original. 
 IN WITNESS WHEREOF, as of the date first above written, the Company has caused this Agreement to be executed on its behalf by a duly authorized officer and the Participant has hereunto set the Participant’s hand. 
  

			
	ASSURANT, INC.
		
	By:	 	 
		 	 [                                ]
 [                                ]

  

 -5-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}]]