SEC Contract Filing

Filing Date: 2024-11-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>a106formofrsuagmntundergl2.htm
<DESCRIPTION>EX-10.6
<TEXT>
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<title>Document</title></head><body><div id="i54b41fa2d0d74ed0a6fe6ac4c67eeff3_1"></div><div style="min-height:47.52pt;width:100%"><div><font style="color:#ff0000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:115%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><font><br></font></div></div><div style="padding-left:3.15pt;padding-right:3.15pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">GLOBE LIFE INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">RESTRICTED STOCK UNIT</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">AWARD AGREEMENT</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Globe Life Inc. (the &#8220;Company&#8221;) grants to the Grantee Restricted Stock Units (the &#8220;RSUs&#8221;) in the number specified below 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 in this Agreement. By accepting the RSUs, Grantee shall be deemed to have agreed to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:115%">TERMS AND CONDITIONS</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:115%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:26.84pt;text-decoration:underline">Defined Terms</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:115%">. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:115%">2.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:26.84pt;text-decoration:underline">Vesting of RSUs</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:115%">. The RSUs have been credited to a bookkeeping account on behalf of Grantee and do not represent actual shares of Stock. The RSUs are being awarded to the Grantee in return for Grantee&#8217;s promises contained herein. RSUs will vest and become non-forfeitable on the earliest to occur of the following (the &#8220;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:115%;text-decoration:underline">Vesting&#160;Date</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8221;)&#58;</font></div><div style="margin-bottom:6pt;padding-left:31.7pt;text-align:justify;text-indent:-18.2pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the Vesting Date specified below, provided Grantee has continued in the employment of the Company or its Affiliates through such date, or</font></div><div style="margin-bottom:6pt;padding-left:31.7pt;text-align:justify;text-indent:-18.2pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the termination of Grantee&#8217;s employment due to death or Disability, or</font></div><div style="margin-bottom:6pt;padding-left:31.7pt;text-align:justify;text-indent:-18.2pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the termination of Grantee&#8217;s employment due to retirement after the Grantee has attained the age of 60, provided that the portion vested will depend upon the amount of service following the Grant Date with 33.33% of the RSUs eligible for vesting upon retirement after the first anniversary of the Grant Date and 66.67% of the RSUs eligible for vesting after the second anniversary of the Grant Date, or</font></div><div style="margin-bottom:6pt;padding-left:31.7pt;text-align:justify;text-indent:-18.2pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the termination of Grantee&#8217;s employment by the Company due to a &#8220;Qualifying Termination&#8221; under the Globe Life Inc. Executive Severance Plan, as such term is defined therein, to the extent Grantee has been designated by the Company as an &#8220;Eligible Executive&#8221; participating in said plan&#59; provided that the portion vested will depend upon the length of Grantee&#8217;s employment with the Company or one of its affiliates followin