0000320335-20-000008 Sample Contracts

GLOBE LIFE INC. NON-QUALIFIED STOCK OPTION GRANT AGREEMENT
Non-Qualified Stock • February 27th, 2020 • Globe Life Inc. • Life insurance • Texas

GLOBE LIFE INC., a corporation organized and existing under the laws of the state of Delaware (the "Company"), does hereby grant and give unto _________________________ (the "Optionee"), the following non-qualified stock option (the "Option") upon the terms and conditions hereinafter set forth.

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GLOBE LIFE INC. NON-QUALIFIED STOCK OPTION GRANT AGREEMENT
Non-Qualified Stock • February 27th, 2020 • Globe Life Inc. • Life insurance

GLOBE LIFE INC., a corporation organized and existing under the laws of the state of Delaware (the "Company"), does hereby grant and give unto __________________________

Non-transferable G R A N T T O (“Grantee”) by Globe Life Inc. (the “Company”) of ____________ Shares of its common stock, $1.00 par value (the “Shares”)
Globe Life Inc. • February 27th, 2020 • Life insurance

pursuant to and subject to the provisions of the Globe Life Inc. 2018 Non-Employee Director Compensation Plan, which is a sub-plan of the Torchmark Corporation 2018 Incentive Plan (collectively, the “Plans”) and to the terms and conditions set forth on the following page (the “Terms and Conditions”). By accepting the Shares, Grantee shall be deemed to have agreed to the terms and conditions set forth in this Notice and the Plans. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plans.

R E S T R I C T E D S T O C K U N I T AW A R D N O T I C E
Globe Life Inc. • February 27th, 2020 • Life insurance

pursuant to and subject to the provisions of the Globe Life Inc. 2018 Non-Employee Director Compensation Plan, as amended, which is a sub-plan of the Torchmark Corporation 2018 Incentive Plan (collectively, the “Plans”) and to the terms and conditions set forth on the following page (the “Terms and Conditions”). By accepting the Units, Grantee shall be deemed to have agreed to the terms and conditions set forth in this Notice and the Plans. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plans.

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