Form of Early Retirement Agreement

Exhibit 10.23 EARLY RETIREMENT AGREEMENT AGREEMENT made on June 1 , 19 93 , between Farm Bureau Life Insurance Company , hereinafter called the Employer, and William Oddy , hereinafter called the Employee, WHEREAS, the Employee has been employed by the Employer in an executive capacity for some time, and it is contemplated that this employment relationship is likely to continue until the retirement of the Employee at an age of 60 years or over, and WHEREAS, the present group pension plan of the Employer sets normal retirement age at 65 and it is in the best interests of the Employer and the Employee to reach an agreement regarding the supplemental pension benefits to be paid to the Employee by the Employer on early retirement. NOW THEREFORE, in consideration of the Employee' s future service to actual retirement date, the Employer and Employee agree as follows: Early
Retirement 1. In the event the Employer feels it to be in the best interests of both the Employee and the Employer, the Employer may at any time after the Employee reaches the age of 60 retire the Employee from act ...