SEC Contract Filing

Filing Date: 2022-02-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.33
<SEQUENCE>2
<FILENAME>gli202110-kexhibit1033xq4.htm
<DESCRIPTION>EX-10.33
<TEXT>
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<title>Document</title></head><body><div id="ie911a23850fa49eba65b5f6768e3f9ed_1"></div><div style="min-height:50.4pt;width:100%"><div style="text-align:center"><font><br></font></div></div><div style="padding-left:3.15pt;padding-right:3.15pt;text-align:center"><font><br></font></div><div style="padding-left:3.15pt;padding-right:3.15pt;text-align:center"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:115%">Globe Life Inc.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:3.15pt;padding-right:3.15pt;text-align:center"><font style="color:#000000;font-family:'Times',sans-serif;font-size:16pt;font-weight:700;line-height:115%">PERFORMANCE SHARE AWARD CERTIFICATE</font></div><div style="padding-right:-2.25pt;text-align:center"><font><br></font></div><div style="padding-right:-2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:115%">Non-transferable</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">G R A N T T O</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">(&#8220;Grantee&#8221;)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">by Globe Life Inc. (the &#8220;Company&#8221;) of Performance Shares (the &#8220;Performance Shares&#8221;) representing the right to earn, on a one-for-one basis, shares of the Company&#8217;s Common Stock, $1.00 par value (&#8220;Stock&#8221;), pursuant to and subject to the provisions of the Globe Life Inc. 2018 Incentive Plan, formerly the Torchmark Corporation 2018 Incentive Plan, (the &#8220;Plan&#8221;) and to the terms and conditions set forth on the following pages of this award certificate (this &#8220;Certificate&#8221;). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">The target number of Performance Shares subject to this award is </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%;text-decoration:underline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%"> (the &#8220;Target Award&#8221;). Depending on the Company&#8217;s level of attainment of specified targets for earnings per share, underwriting income, and return on equity for fiscal years 2022, 2023, and 2024. Grantee may earn 0% to 150% of the Target Award, in accordance with the matrices attached hereto as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%;text-decoration:underline">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%"> and the terms of this Certificate. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">By accepting this Award, Grantee shall be deemed to have agreed to the terms and conditions of this Certificate and the Plan. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">IN WITNESS WHEREOF, Globe Life Inc., acting by and through its duly authorized officers, has caused this Certificate to be executed.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.609%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">GLOBE LIFE INC.</font></div><div style="padding-left:7.25pt;padding-right:2.75pt;text-align:justify"><font><br></font></div><div style="padding-left:7.25pt;padding-right:2.75pt;text-align:justify"><font><br></font></div><div style="padding-left:7.25pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">By&#58; ____________________________________________</font><