SEC Contract Filing

Filing Date: 2022-02-28

Document Content:
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<TYPE>EX-10.53
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<FILENAME>d299054dex1053.htm
<DESCRIPTION>EX-10.53
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<TITLE>EX-10.53</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 10.53 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman"><B>2018 Genworth Financial, Inc.</B><B><I> </I></B><B>Omnibus Incentive Plan </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman"><B>2021-2023 Cash-Based Award Agreement </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear #ParticipantName#: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Award Agreement and the 2018 Genworth Financial, Inc. Omnibus Incentive Plan (the &#147;<U>Plan</U>&#148;) together govern your rights under this
Cash-Based Award (the &#147;<U>Award</U>&#148;) and set forth all of the conditions and limitations affecting such rights. Unless the context otherwise requires, capitalized terms used in this Award Agreement shall have the meanings ascribed to them
in the Plan. If there is any inconsistency between the terms of this Award Agreement and the terms of the Plan, the Plan&#146;s terms shall supersede and replace the conflicting terms of this Award Agreement. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B><B><U>Grant</U></B><B>.</B> You are hereby granted an Award under the Plan, effective as of #GrantDate#
(the &#147;<U>Grant Date</U>&#148;). The Award entitles you to receive from Genworth Financial, Inc. (together with its Affiliates, the &#147;<U>Company</U>&#148;) an aggregate amount in cash equal to $ #CashGrantValue#, payable in three equal
annual installments, all in accordance with the terms and conditions of this Award Agreement, the Plan, and any rules and procedures adopted by the Management Development and Compensation Committee of the Genworth Financial, Inc. Board of Directors
(the &#147;<U>Committee&#148;</U>). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B><B><U>Vesting and Payment Dates</U></B><B>: </B>The Award shall not provide you with any rights or
interests therein until the Award vests. Unless vesting is accelerated as provided in Section&nbsp;3 herein or otherwise in the discretion of the Committee as permitted under the Plan, <FONT STYLE="white-space:nowrap">one-third</FONT> of the Award
will vest on each of the first, second and third anniversaries of the Grant Date (each, a &#147;<U>Designated Vesting Date</U>&#148;), and the vested portion will be paid within 30 days of the Designated Vesting Date, provided you have continued in
the service of the Company through such Designated Vesting Date. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B><B><U>Treatment of Award Upon Termination of Employment and Other Events</U></B><B>.</B> If your service
with the Company terminates for any reason other than as set forth below, and you and the Company have not entered into a written agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then the
Award shall immediately expire upon such termination. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>a.</B><B></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B><B><U>Employment Termination Due to Death or Total Disability</U></B><B>.</B> If your service with the
Company terminates as a result of your death or Total Disability, then any remaining unvested portions of the Award shall immediately vest and become payable. For purposes of this Award Agreement, &#147;<U>Total Disability</U>&#148; shall mean a
permanent disability that would make you eligible for benefits under the long-term disability program maintained by the Company (without regard to any time period during which the disabling condition must exist) or in the absence of any such
program, such meaning as the Committee shall determine. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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