SEC Contract Filing

Filing Date: 2019-02-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>4
<FILENAME>cno12312018ex1011.htm
<DESCRIPTION>EXHIBIT 10.11
<TEXT>
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<div><a name="s7ac9fee6a15b490fb17cb7ae1158006a"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit 10.11</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CNO FINANCIAL GROUP, INC.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;padding-left:96px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">Re:&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Grant of Restricted Stock Unit Award</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">CNO Financial Group, Inc., a Delaware corporation (the "</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:12pt;">"), is pleased to advise you that pursuant to the Company's Amended and Restated Long-Term Incentive Plan (the "</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;text-decoration:underline;">Plan</font><font style="font-family:inherit;font-size:12pt;">"), the Company has granted you an award of the number of restricted share units (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;text-decoration:underline;">Restricted Shares</font><font style="font-family:inherit;font-size:12pt;">&#8221;) set forth on the Company&#8217;s stock plan administration vendor website (the "</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;text-decoration:underline;">Award Summary</font><font style="font-family:inherit;font-size:12pt;">"), effective as of the date set forth on the Award Summary (the "</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;text-decoration:underline;">Date of Grant</font><font style="font-family:inherit;font-size:12pt;">"), subject to the terms and conditions of the Plan and the terms and conditions set forth herein. Any capitalized terms used herein and not defined herein have the meaning set forth in the Plan. </font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Restricted Shares</font><font style="font-family:inherit;font-size:12pt;">. Each Restricted Share represents the right to receive one share of the Company&#8217;s Common Stock, par value $.01 per share (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Common Stock</font><font style="font-family:inherit;font-size:12pt;">&#8221;), plus Dividend Equivalents thereon (as described in Section 5(b) below) subject to satisfaction of the service vesting criteria set forth on the Award Summary. Upon satisfaction of such vesting criteria, the shares of Common Stock that have vested will be issued to you, unless you have elected to defer receipt of any such shares in accordance with the terms and conditions of the Company&#8217;s Deferred Compensation Plan in which case the shares shall be issued in accordance with such deferral election. When issued, the shares of Common Stock shall be fully paid and nonassessable.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">2.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Restrictions on Transfer</font><font style="font-family:inherit;font-size:12pt;">. You may not sell, assign, transfer, convey, pledge, exchange or otherwise encumber or dispose the Restricted Shares, except to the Company, until they have become nonforfeitable as provided in paragraph 3 hereof and in accordance with Section 6 of the Plan. Any purported encumbrance or disposition in violation of the provisions of this paragraph 2 shall be void </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">ab</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">initio</font><font style="font-family:inherit;font-size:12pt;">, and the other party to any such purported transact