Document:

Amendment No. 2 to the Torchmark Corporation Supplemental Executive Retirement

 Exhibit 10.54 
 AMENDMENT TWO 
 TO THE 
 TORCHMARK CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 

Pursuant to Section 9.1 of the Torchmark Corporation Supplemental Executive Retirement Plan as established effective January 1, 2007 (the
“Plan”), Torchmark Corporation (the “Company”) hereby amends the Plan, effective January 1, 2007, as follows: 
 Section 2.5 of the Plan is replaced in its entirety and shall read as follows: 
 2.5 Beneficiary shall mean the person or
persons designated to receive (a) pre-retirement death benefits payable under Article 5 of this Plan, (b) payments remaining under a period certain of 10 or 20 years option at the Participant’s death, or (c) payments remaining
under a Joint and Contingent Survivor Annuity with a period certain of 10 or 20 years option at the death of both the Participant and the Contingent Joint Annuitant. A Participant shall have the right to change his Beneficiary at any time, whether
before or after benefit commencement, including a Participant who has elected a Joint and Contingent Survivor Annuity with a period certain of 10 or 20 years. If a Participant fails to designate a Beneficiary, then his Beneficiary shall be the
Participant’s surviving spouse, if one, or if not, the Participant’s estate. 
 Done this the 12th day of December, 2007. 
  

			
	 TORCHMARK CORPORATION

		
	By:	 	 /s/ Carol A. McCoy

	Its:	 	Vice President, Associate Counsel and SecretaryAmendment No. 2 to the Torchmark Corporation Supplementary Retirement Plan

 Exhibit 10.55 
 AMENDMENT TWO 
 TO THE 
 TORCHMARK CORPORATION 
 SUPPLEMENTARY RETIREMENT PLAN 
 Pursuant to Section 12.1 of the Torchmark Corporation Supplementary Retirement Plan as restated effective January 1, 1992 (the
“Plan”), Torchmark Corporation (the “Company”) hereby amends the Plan, effective March 1, 2006, as follows: 
 Section 4.1 of the Plan is replaced in its entirety and shall read as follows: 
 4.1 Commencement of Retirement Income. No later than December 31, 2006, each Participant must elect one of the following dates for the commencement of Retirement Income from this Plan: the January 8 following his separation
from service with the Employer; the January 1 following his 65th birthday; or the January 1 following the second, third, fourth or fifth
anniversary of his separation from service with the Employer. Upon such date and in accordance with Section 4.3, the Employer shall pay the Participant’s Retirement Income from the Employer’s general funds. If a Participant fails to
make a timely election, his Retirement Income shall commence on the January 1 following the Participant’s 65th birthday. The form and the
amount of the Retirement Income shall be determined as follows. 
 Done this the 15
th day of November, 2006. 
  

			
	 TORCHMARK CORPORATION

		
	By:	 	 /s/ Carol A. McCoy

	Its:	 	Vice President, Assoc. Counsel and SecretaryAmendment No. 3 to the Torchmark Corporation Supplementary Retirement Plan

 Exhibit 10.56 
 AMENDMENT THREE 
 TO THE 
 TORCHMARK CORPORATION 
 SUPPLEMENTARY RETIREMENT PLAN 
 Pursuant to Section 12.1 of the Torchmark Corporation Supplementary Retirement Plan as restated effective January 1, 1992 (the
“Plan”), Torchmark Corporation (the “Company”) hereby amends the Plan, effective January 1, 2007, as follows: 
  

	 	1.	New Section 2.19 is added to the Plan and shall read as follows: 

 2.19 Dual Eligible Participant shall mean a Participant who is a participant in the Torchmark Corporation Supplemental Executive Retirement Plan. 
  

	 	2.	Section 4.1 is replaced in its entirety and shall read as follows: 

 4.1 Commencement of Retirement Income. 
 (a) No later than December 31, 2006,
each Participant must elect one of the following dates for the commencement of Retirement Income from this Plan: the January 8 following his separation from service with the Employer; the January 1 following his 65th birthday; or the
January 1 following the second, third, fourth, or fifth anniversary of his separation from service with the Employer. If a Participant fails to make a timely election, his Retirement Income shall commence on the January 1 following the
Participant’s 65th birthday. Upon such date and in accordance with Section 4.3, the Employer shall pay the Participant’s Retirement Income from the Employer’s general funds. 
 (b) This Section 4.1(b) shall apply only to Dual Eligible Participants. The date for the commencement of Retirement Income from this
Plan for each Dual Eligible Participant shall be the date which is six (6) months after the date of his separation from service with the Employer. Upon such date and in accordance with Section 4.3, the Employer shall pay the
Participant’s Retirement Income from the Employer’s general funds. Such date shall also apply for the commencement of benefits, if any, from the Torchmark Corporation Supplemental Executive Retirement Plan. 

	 	3.	Section 4.4 is replaced in its entirety and shall read as follows: 

 4.4 Election of Optional Form of Payment of Retirement Income. 
 (a) In lieu of the
form of payment of Retirement Income described in Section 4.3, a Participant may elect to receive Retirement Income in one of the following forms: a lump sum distribution; annual installments of approximate equal value paid over a minimum of
two years and a maximum of ten years; or any annuity form available under the Qualified Defined Benefit Plan with respect to which the obligation to pay Retirement Income under this Plan is determined. Such election must be made no later than
December 31, 2006. The amount of Retirement Income paid under this Plan in such form shall be the Actuarial Equivalent of the amount of Retirement Income payable under this Plan as a Single Life Annuity commencing on the date selected by the
Participant pursuant to Section 4.1(a). The Participant shall furnish the Administrator of this Plan a copy of his election of an optional form for the payment of retirement benefits under this Plan. 
 (b) This Section 4.4(b) shall apply only to Dual Eligible Participants. In lieu of the form of payment of Retirement Income described
in Section 4.3, a Dual Eligible Participant may elect to receive Retirement Income in one of the following forms: a Joint and Contingent Survivor Annuity as defined in the Torchmark Corporation Supplemental Executive Retirement Plan or a 10 or
20 Year Certain and Life Income Annuity as defined in the Torchmark Corporation Supplemental Executive Retirement Plan. Such election must be made no later than December 31, 2007. The amount of Retirement Income paid under this Plan in such
form shall be the Actuarial Equivalent of the amount of Retirement Income payable under this Plan as a Single Life Annuity commencing on the date provided in Section 4.1(b). The Dual Eligible Participant shall furnish the Administrator of this
Plan a copy of his election of an optional form for the payment of retirement benefits under this Plan, and such election shall also apply to the payment of benefits, if any, from the Supplemental Executive Retirement Plan. 
  

	 	4.	Section 4.5 is replaced in its entirety and shall read as follows: 

 4.5 Limitation on Election. 
 (a) In no event shall an election under
Section 4.1(a) and Section 4.4(a) be permitted nor shall the default provisions 

  

 2 

 
under Section 4.1(a) and Section 4.3 be applied if such election or default provision would have the effect of changing the time or form of payment
of Retirement Income that the Participant would have otherwise received in 2006 or to cause the payment of Retirement Income to be made during 2006. 
 (b) This Section 4.5(b) shall apply only to Dual Eligible Participants. In no event shall an election under Section 4.1(b) and Section 4.4(b) be permitted nor shall the default provisions under
Section 4.1(b) and Section 4.3 be applied if such election or default provision would have the effect of changing the time or form of payment of Retirement Income that the Dual Eligible Participant would have otherwise received in 2007 or
to cause the payment of Retirement Income to be made during 2007. 
  

	 	5.	Section 14.1 is replaced in its entirety and shall read as follows: 

 14.1 Payments to Key Employees. In the event Retirement Income benefits commence on account of separation from service, in no event shall a distribution to a key employee occur before the date which is six
months after the date of the Participant’s separation from service (or, if earlier, the date of death of the Participant). Any benefit otherwise due to be distributed during such six month period shall be held and paid with the initial benefit
payment. For purposes of this Section 14.1, a key employee is an employee defined in Code § 416(i) (without regard to paragraph (5) thereof). All Participants in this Plan shall be deemed to be a key employee for the limited purpose
of applying the distribution delay of this Section 14.1. 
  

	 	6.	Section 14.2 is replaced in its entirety and shall read as follows: 

 14.2 General. The Plan shall be administered in compliance with Code § 409A, the regulations issued thereunder and guidance related thereto. The elections made during 2006 under Section 4.1(a) and
Section 4.4(a) are intended to comply with the transitional relief provided in Notice 2005-1 and the extension thereof provided in the preamble to the proposed regulations issued under Code § 409A. The elections made during 2007 under
Section 4.1(b) and Section 4.4(b) are intended to comply with the transitional relief provided in the final regulations issued under Code § 409A. 
  

 3 

 Done this the 8th day of November, 2007. 
  

			
	TORCHMARK CORPORATION
		
	By:	 	 /s/ Carol A. McCoy

	Its:	 	Vice President, Associate Counsel and Secretary

  

 4Form of Restricted Stock Award Notice under Torchmark Corporation Non-Employee

 Exhibit 10.57 
 RESTRICTED STOCK AWARD NOTICE 
 Non-transferable 
 GRANT TO 
  
  
 (“Grantee”) 

 by Torchmark Corporation (the “Company”) of 
              shares of its common stock, $1.00 par value (the “Shares”) 
 pursuant to and subject to the provisions of the Torchmark Corporation Non-Employee Director Compensation Plan, which is a sub-plan of the Torchmark Corporation 2007 Long-Term Compensation 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, Torchmark Corporation, acting by and through its duly authorized officers, has caused this
Notice to be duly executed as of the Grant Date, as indicated below. 
  

									
	TORCHMARK CORPORATION	 		 	
					
	 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 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 Torchmark Corporation. 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 Torchmark Corporation.” 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 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 Torchmark Corporation, 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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