EX-10.Y
from 8-K
7 pages
This 2020 Officer Bonus Program (The “Program”) Is Designed to Reward Eligible Officers (Excludes Marketing Officers) of National Western Life Insurance Company (The “Company”) for Their Performance in Assisting the Company in Achieving Pre-Determined Sales Targets While Managing to Its Expense and Profit Criteria. a CEO, President, Executive Vice President, Senior Vice President, Vice President, or Assistant Vice President of the Company Who Is Designated by the Committee as a Participant in the Program (A “Participant”) Shall Be Eligible to Receive a Bonus Hereunder. the Program Was Adopted by the Compensation and Stock Option Committee of the Board of Directors of National Western Life Group Inc. (The “Committee”) on December 11, 2019. I. Goals/Performance Payout
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