Document:

Exhibit
10(b)

 

CONSENT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We hereby consent to the
use in this Registration Statement on Form N-4 (File No. 333-94047)
of our report dated March 30, 2009, relating to the consolidated financial
statements and financial statement schedules of Protective Life Insurance
Company and subsidiaries, which appears in such Registration Statement.  We also consent to the use in this
Registration Statement on Form N-4 (File No. 333-94047) of our report
dated April 24, 2009, relating to the financial statements of Protective
Variable Annuity Separate Account, which appears in such Registration
Statement.  We also consent to the
reference to us under the heading “Experts” in such Registration Statement.

 

 

PricewaterhouseCoopers
LLP

Birmingham, Alabama

April 28, 2009Exhibit 10.1

 

ACCURIDE CORPORATION

 

CASH AWARD AGREEMENT

 

ACCURIDE CORPORATION 2005 INCENTIVE AWARD PLAN

 

	
  Name:

  	
  Grant:  Cash Award of
  $              

  
	
  Address:

  	
   

  
	
   

  	
   

  
	
   

  	
  Grant Date:

  
	
  Employee
  Identification Number:

  	
   

  
	
   

  	
   

  
	
  Signature:

  	
   

  

 

Effective
on the Grant Date, you have been granted a cash award which entitles you to
receive $      ]”) (the “Cash Award”) from
Accuride Corporation (the “Company”) or your employing Subsidiary, subject to
the provisions of this Agreement and the provisions of the Accuride Corporation
2005 Incentive Award Plan (the “Plan”).

 

The
Cash Award will vest and become payable as follows:

 

·                  10% of the Cash Award will vest on December 1st of year of the Grant Date;

 

·                  An additional 20% of the Cash Award will vest
on the next successive December 1st;

 

·                  An additional 30% of the Cash Award will vest
on the next successive December 1st; and

 

·                  The final 40% of the Cash Award will vest on
the next successive December 1st.

 

·                  Any Cash Award that has not yet vested will
automatically vest and become payable upon a Change of Control, or your death.

 

In the event of the termination of your
employment or service for any reason, whether such termination is occasioned by
you, by the Company or any of its Subsidiaries, with or without cause or by
mutual agreement (“Termination of Service”), your right to vest and be paid any
unpaid portion of the Cash Award will terminate and be forfeited effective as
of the earlier of: (i) the date that you give or are provided with written
notice of Termination of Service, or (ii) if you are an employee of the
Company or any of its Subsidiaries, the date that you are no longer actively
employed and physically present on the premises of the Company or any of its
Subsidiaries, regardless of any notice period or period of pay in lieu of such
notice required under any applicable statute or the common law.

 

The vested portion of the Cash Award, less any
legally required and voluntarily elected withholdings, shall be paid as part of
the next regularly scheduled payroll following vesting.

 

The
right to payment under the Cash Award or any interest or right therein or part
thereof shall not be subject to disposition by transfer, alienation,
anticipation, pledge, hypothecation, encumbrance, assignment or any other
means, whether such disposition be voluntary or involuntary or by operation of
law by judgment, levy, attachment, garnishment or any other legal or equitable
proceedings (including bankruptcy), and any attempted disposition thereof shall
be null and void and of no effect.  Any
portion of the Cash Award that becomes payable upon death, shall be paid
pursuant to the laws of descent and distribution.

 

If
you engage in any “Prohibited Activity,” any unvested Cash Award will be
forfeited.  In addition, if you engage in
any Prohibited Activity within 24 months of the day on which you received
payment of any portion of the Cash Award you must pay to the Company the full
amount of all amounts of the Cash Award previously received.

 

For purposes of this Agreement, the term “Prohibited Activity” shall
mean and include each of the following:

 

·                  The violation of any provision included in
any agreement entered into between you and the Company pursuant to which you
agree to refrain from soliciting any customers of the Company or any entities
engaged in the commercial vehicle component industry with which the Company has
contracts at the

 

 

time.

 

·                  The violation of any provision included in
any agreement entered into between you and the Company pursuant to which you
agree to refrain from soliciting or attempting to solicit away from the Company
any officer, employee or agent of the Company.

 

·                  The violation of any confidentiality,
proprietary information, or non-disclosure provisions included in any agreement
entered into between you and the Company.

 

·                  The violation of any agreement entered into
between you and the Company pursuant to which you agree not to compete in any
way with the Company.

 

·                  The violation of any provision included in
any agreement entered into between you and the Company, pursuant to which you
agree to assign to the Company all rights to any copyrightable or patentable
work you invent, improve or otherwise work on using the Company’s resources
during your employment with the Company.

 

·                  If you are a party to any severance,
retention or change in control agreement or program, and you engage in any
activity which would constitute a violation of any non-competition,
non-solicitation, confidentiality, proprietary information, or non-disclosure
provision included in said agreement or program, you will be deemed to have
engaged in a Prohibited Activity even if a change in control (as defined in
said agreement or program) has not occurred.

 

The
Company will deduct and withhold an amount sufficient to satisfy applicable
federal, state, local and foreign taxes required by law to be withheld from
payment of the Cash Award.

 

Nothing
in the Plan or this Agreement shall be interpreted to interfere with or limit
in any way the right of the Company or any Subsidiary to terminate your
employment or services at any time.  In
addition, nothing in the Plan or this Agreement shall be interpreted to confer
upon you the right to continue in the employ or service of the Company or any
Subsidiary.

 

This
Cash Award is granted under and governed by the terms and conditions of the
Plan.  You acknowledge and agree that the
Plan is discretionary in nature and may be amended, cancelled, or terminated by
the Company, in its sole discretion, at any time.  This Cash Award is a one-time benefit and
does not create any contractual or other right to receive future Cash Awards or
benefits in lieu of future Cash Awards. 
Future Cash Awards, if any, will be at the sole discretion of the
Company, including, but not limited to, the timing of the award, the amount
subject to the Cash Award and vesting provisions.  The Plan has been introduced voluntarily by
the Company and in accordance with the provisions of the Plan may be terminated
by the Company at any time.  By execution
of this Agreement, you consent to the provisions of the Plan and this
Agreement.  Capitalized terms used herein
shall have the meaning set forth in the Plan, unless otherwise defined herein.

 

	
  COMPANY:

  	
   

  
	
   

  	
   

  
	
  ACCURIDE CORPORATION

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  

 

2Exhibit 10.1

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Amendment to Employment Agreement (this “Amendment”)
attaches to and forms part of the Employment Agreement dated as of July 15,
2005 and amended effective March 13, 2008 (the “Agreement”), between Aon Corporation
(the “Company”) and Andrew M. Appel (the “Executive”).

 

WHEREAS, the Company and the Executive mutually desire
to further amend the Agreement, as provided in this Amendment;

 

NOW, THEREFORE, in consideration of the premises and
the mutual agreements contained herein, the parties hereby agree as follows:

 

1.                                       The last sentence of Section 1, “Employment,”
is deleted in its entirety and replaced with the following:

 

“The term of employment of
the Executive pursuant to this Agreement (the “Employment Period”) commenced on
July 15, 2005 (the “Effective Date”) and will end on April 30, 2013,
unless earlier terminated pursuant to Section 4 hereof.”

 

2.                                       The first sentence of Section 2(a), “Position
and Duties,” is deleted in its entirety and replaced with the following:

 

“The Company will employ the
Executive during the Employment Period as Chief Executive Officer, Aon Benfield
Global and Chairman, Aon Consulting Worldwide, or in another Level 1A senior
executive capacity as may be authorized or directed by the CEO.”

 

3.                                       Section 2(b), “Responsibilities,” is
deleted in its entirety and replaced with the following:

 

“(b)  Responsibilities.  The Executive will have the authority and
responsibility typically held by a Chief Executive Officer or Chairman of a large,
global business unit of a publicly-traded company or such other Level 1A senior
executive position assigned to the Executive pursuant to Section 2(a) hereof.  The Executive will also perform such other
duties (not inconsistent with his positions) on behalf of the Company and its
subsidiaries as may be from time to time authorized or directed by the
CEO.  The Executive will report to the
CEO.”

 

4.                                       A new subsection (g) is hereby added
to Section 3, “Compensation”:

 

“(g)                           Award of Restricted Stock Units.  In
consideration for entering into this Amendment, the Executive will receive an
award of 25,000 restricted stock units of Aon Corporation common stock under
the 2001 Stock Incentive Plan, as amended from time to time.  The restricted stock units will be granted as
of the date this Amendment is executed by both parties, in accordance with the
approval provided by the Organization and Compensation Committee of Aon
Corporation’s board of directors on January 29,

 

 

2009.  The award will be subject to the Company’s
standard terms and provisions, including vesting provisions.  For the avoidance of doubt, the restricted
stock units will vest in equal installments of 25% on the second through fifth
anniversary of the date of grant subject to the Executive’s continued
employment.”

 

5.             Subpart (ii)(A) of Section 4(c) —
the first prong of the definition of “cause” — is deleted in its entirety.

 

6.             Subpart (v) of Section 4(c) is
deleted in its entirety.

 

7.             Subparts (i) and (ii) of Section 4(d) are
hereby deleted in their entirety and substituted with the following:

 

“(i)          the Executive will be entitled to receive
the payments and benefits specified by Sections 4(c)(iv)(A) and (B) during
the notice period or thereafter, as applicable, and

 

(ii)           concurrent with the last day of the
notice period, the Executive will be entitled to receive a lump sum cash
payment.  The lump sum payment will be
equal to the product of (x) two and (y) the sum of the annual Base
Salary and the Executive’s target annual incentive bonus for the Bonus Year in
which the Executive’s employment terminates.”

 

8.             A new Section 21, “Code Section 409A,”
is hereby added as follows:

 

“21.         Code Section 409A.  (a) The
time or schedule of any payment or amount scheduled to be paid pursuant to the
terms of this Agreement, including but not limited to any restricted stock unit
or other equity-based award, payment, or amount that provides for the ‘deferral
of compensation’ (as such term is described under Section 409A of the
Internal Revenue Code of 1986, as amended (‘Code Section 409A’), may not
be accelerated except as otherwise permitted under Code Section 409A and
the guidance and Treasury regulations issued thereunder.

 

(b)                         The parties intend that this Agreement
and the benefits provided hereunder be interpreted and construed to comply with
Code Section 409A to the extent applicable thereto.  The time and form of payment of incentive
compensation, disability benefits, severance payments, expense reimbursements
and payments of in-kind benefits described herein will be made in accordance
with the applicable sections of this Agreement, provided that with respect to
termination of employment for reasons other than death, the payment at such
time can be characterized as a ‘short-term deferral’ for purposes of Code Section 409A
or as otherwise exempt from the provisions of Code Section 409A, or if any
portion of the payment cannot be so characterized, and the Executive is a ‘specified
employee’ under Code Section 409A, such portion of the payment will be
delayed until the earlier to occur of the Executive’s death or the date that is
six months and one day following the Executive’s termination of employment (the
‘Delay Period’).  Upon the expiration of
the Delay Period, all payments and benefits delayed pursuant to this section
will be paid or reimbursed to the Executive in a lump sum, and any remaining
payments

 

2

 

due under this Agreement will be payable at the same time and in the
same form as such amounts would have been paid. 
Further, if the Executive is a ‘specified employee’ and if any
equity-based awards granted to the Executive by the Company pursuant to this
Agreement or otherwise, continue to vest upon the Executive’s termination of
employment, and are deemed a ‘deferral of compensation’ (as such term is
described under Code Section 409A), the equity-based awards will not be
settled or released until the expiration of the Delay Period.  For purposes of applying the provisions of
Code Section 409A, each separately identifiable amount to which the
Executive is entitled will be treated as a separate payment.  In addition, the disability benefits and
severance payments will be treated as a series of separate payments.

 

(c)                          Although the Company intends to
administer the Agreement so that it will comply with the requirements of Code Section 409A,
the Company does not represent or warrant that the Agreement will comply with
Code Section 409A or any other provision of federal, state, local or
non-United States law.  Provided that the
Company administers this Agreement in a manner consistent with the terms of
this Agreement, neither the Company, its subsidiaries, nor their respective
directors, officers, employees or advisers will be liable to the Executive (or
any other individual claiming a benefit through the Executive) for any tax,
interest, or penalties the Executive may owe as a result of compensation paid
under the Agreement, and the Company and its subsidiaries will have no
obligation to indemnify or otherwise protect the Executive from the obligation
to pay any taxes pursuant to Code Section 409A.”

 

9.                                       A new Section 22, “Mediation,” is
hereby added as follows:

 

“22.                           Mediation. 
In the event a dispute arises in connection with this Agreement, the
Company and the Executive agree to submit the dispute to non-binding mediation
to be paid for by the Company which shall select the mediator.”

 

IN WITNESS WHEREOF, the parties hereto have executed
this Amendment to the Agreement as of the 27th day of April, 2009.

 

 

	
  AON
  CORPORATION

  	
   

  	
  EXECUTIVE:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Greg Case

  	
   

  	
  /s/
  Andrew M. Appel

  
	
   

  	
   

  	
  Andrew
  M. Appel

  
	
  Title:

  	
  President and Chief
  Executive Officer

  	
   

  	
   

  

 

3

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