Exhibit 10.4

RESTRICTED STOCK UNIT AGREEMENT

(Three-Year “Cliff” Period of Restriction; No Code 162(m) Goals)

MetLife, Inc. confirms that, on [grant date] (the “Grant Date”), it granted you,
[name], [number] Restricted Stock Units. Your Restricted Stock Units are subject
to the terms and conditions of this Restricted Stock Unit Agreement (this
“Agreement”) and the MetLife, Inc. 2015 Stock and Incentive Compensation Plan
(the “Plan”).

1. Standard Settlement Terms.

(a) The terms of this Section 1 shall be referred to as the “Standard Settlement
Terms” and will apply to your Restricted Stock Units except in so far as
Sections 2, 3, or 14 apply. If Shares are paid to you, you will receive evidence
of ownership of those Shares.

(b) The Period of Restriction for your Restricted Stock Units will begin on the
Grant Date and end on the third anniversary of the Grant Date. Each of your
Restricted Stock Units will be due and payable in the form of Shares after the
conclusion of the Period of Restriction, at the time specified in Section 8.

2. Change of Status. The terms of this Section 2 describe how various events
affect your Restricted Stock Units during the Period of Restriction, subject to
Section 14. For purposes of this Section 2, your transfer between the Company
and an Affiliate, or among Affiliates, will not be a termination of employment,
but any other termination of employment with the Company or any of its
Affiliates (including the end of your employer’s status as an Affiliate) will be
a termination of employment. The terms of this Section 2 shall apply as
provided, except as otherwise determined by the Committee.

(a) Long-Term Disability. In the event you qualify for long-term disability
benefits under a plan or arrangement offered by the Company or an Affiliate for
its Employees, or under another plan or arrangement designated for this purpose
by the Committee, then (subject to Section 2(g)) the Standard Settlement Terms
will continue to apply to your Restricted Stock Units. Once this Section 2(g)
applies, then none of Sections 2(b), (c) or (f) will apply to your Restricted
Stock Units, even if you subsequently return to active service.

(b) Death. In the event that your employment with the Company or an Affiliate
terminates due to your death, each of your Restricted Stock Units will be due
and payable in the form of Shares (or cash at a value equal to the Closing Price
on the date of your death, if so determined by the Committee). Any payment will
be made at the time specified in Section 8.

--------------------------------------------------------------------------------

(c) Post-Employment Award Continuation.

(1) If your employment with the Company or an Affiliate terminates (other than
for Cause) on or after your Rule of 65 Date, then (subject to Section 2(g)), the
Standard Settlement Terms will continue to apply to your Restricted Stock Units;
provided that, if the Committee finds that, any time during the Period of
Restriction, you have made statements that damage, disparage, or otherwise
diminish the reputation or business of the Company. any of its Affiliates, or of
any their respective employees, officers, directors, products, or services, with
the exception of truthful statements that are compelled by law or otherwise
authorized pursuant to legal or administrative processes, your Restricted Stock
Units shall be forfeited.

(2) For this purpose:

(a) the “Rule of 65 Date” means the date that the sum of your total completed
years of age plus total Service is equal to or greater than sixty-five (65), so
long as your Service is equal to or greater than five (5); and

(b) “Service” means the aggregate number of completed years of employment with
the Company and its Affiliates (solely during your employer’s status as an
Affiliate), as conclusively determined by the Company without regard to any
later determinations or findings regarding your employment status by any third
party.

(d) Reserved.

(e) Termination for Cause. In the event that your employment with the Company or
an Affiliate terminates for Cause, your Restricted Stock Units will be forfeited
immediately.

(f) Other Termination of Employment. If none of Sections 2(a) through
(e) applies, each of your Restricted Stock Units will be forfeited immediately
upon your termination of employment unless you are offered a separation
agreement by the Company or an Affiliate under a severance program. To the
extent your separation agreement becomes final by March 15 of the calendar year
after the separation agreement is offered to you, your Prorated Units will be
due and payable to you. The number of your “Prorated Units” will be determined
by dividing the number of calendar months, beginning with the month of the Grant
Date, that have ended as of the end of the month of the termination of your
employment by thirty-six (36), multiplying the result by the number of your
Restricted Stock Units, and rounding to the nearest whole number; provided,
however, that if the date of the termination of your employment is prior to the
first anniversary of the Grant Date , then the number of your Prorated Units
shall be zero (0). Payment for each of your Prorated Units will be made in cash
at a value equal to the Closing Price on the Grant Date, and shall be rounded to
the nearest one-hundred dollars ($100.00). If your separation agreement does not
become final, your Restricted Stock Units will be forfeited.

(g) Forfeiture Under Conditions Potentially Covered by Code Section 457A.

(1) Unless the Committee determines otherwise, this Section 12(g) will apply to
the extent that:

(a) Sections 2(a) or (c) apply to your Restricted Stock Units;

 

2

--------------------------------------------------------------------------------

(b) the Company determines that you provided services to the Company or an
Affiliate through an entity that would be deemed to be a “nonqualified entity”
under Code Section 457A for any portion of the Period of Restriction (such
period, the “457A Period”); and

(c) the Company determines that Code Section 457A potentially applies to your
Restricted Stock Units.

(2) To the extent that this Section 12(g) applies to your Restricted Stock
Units:

(a) the pro rata portion of your outstanding Restricted Stock Units represented
by the 457A Period as a portion of the period from the Grant Date to the end of
the Period of Restriction (the “457A Portion”) will be forfeited upon your
termination of employment, unless the Company or an Affiliate offers you the
opportunity to certify that you were not, during any portion of the Period of
Restriction, subject to income tax by the United States of America (the “United
States”) and you so certify; and

(b) your Restricted Stock Units, other than the 457A Portion, will be subject to
Sections 2(a) or (c) as otherwise applicable.

3. Change of Control.

(a) The terms of this Section 3 describe how a Change of Control during the
Period of Restriction will affect your Restricted Stock Units. If a Change of
Control occurs prior to any of the events described in Section 2, or subsequent
to the events described in Section 2(a) or (c), this Section 3 will supersede
the terms of Section 2. If any of the events described in Section 2(b), (e), or
(f) occurs prior to a Change of Control, the terms of Section 2(b), (e), or
(f) will supersede the terms of this Section 3.

(b) Except as provided in Section 3(c), and unless otherwise prohibited under
law or by applicable rules of a national security exchange, if a Change of
Control occurs, your Restricted Stock Units will be due and payable in the form
of cash equal to the number of your Restricted Stock Units multiplied by the
Change of Control Price. Any payment will be made at the time specified in
Section 8. The terms of Section 2(g), except for Section 2(g)(2)(b), shall apply
to such a payment, provided, however, that the Company or an Affiliate shall
offer you the opportunity to certify as described in Section 2(g)(2)(a).

(c) The terms of Section 3(b) will not apply to your Restricted Stock Units if
the Committee reasonably determines in good faith, prior to the Change of
Control, that you have been granted an Alternative Award for your Restricted
Stock Units pursuant to Section 15.2 of the Plan. Any such Alternative Award
shall not accelerate the timing of payment or otherwise violate Code
Section 409A, to the extent such Code Section is applicable to your Restricted
Stock Units, and shall substantially replicate the terms of Section 2(g), except
for Section 2(g)(2)(b), provided, however, that the Company or an Affiliate
shall be required to offer you the opportunity to certify as described in
Section 2(g)(2)(a).

4. Nontransferability of Awards. Except as provided in Section 5 or as otherwise
permitted by the Committee, you may not sell, transfer, pledge, assign or
otherwise alienate or hypothecate any of your Restricted Stock Units, and all
rights with respect to your Restricted Stock Units are exercisable during your
lifetime only by you.

 

3

--------------------------------------------------------------------------------

5. Beneficiary Designation. To the extent permitted by the Committee, you may
name one or more beneficiary or beneficiaries who may then exercise any right
under this Agreement in the event of your death. Each beneficiary designation
for such purpose will revoke all such prior designations. Beneficiary
designations must be properly completed on a form prescribed by the Committee
and must be filed with the Company during your lifetime. If you have not
designated a beneficiary, your rights under this Agreement will pass to and may
be exercised by your estate.

6. Tax Withholding. The Company or an Affiliate may withhold amounts it
determines are necessary to satisfy tax withhold responsibilities by withholding
amounts from payment made under this Agreement, or from other payments due to
you to the extent permissible under law, an amount sufficient to satisfy the
minimum statutory United States, state, local or other applicable tax
withholding requirements. The Company will defer payment of cash or the issuance
of Shares until this requirement is satisfied. The Company may satisfy this
requirement by withholding Shares otherwise issuable based on a value per Share
determined by the Company in its discretion.

7. Adjustments. The Committee will make appropriate adjustments in the terms and
conditions of your Restricted Stock Units as provided in Section 4.2 of the
Plan, and may make adjustments in the terms and conditions of your Restricted
Stock Units as provided in Section 16.2 of the Plan. The Committee’s
determinations in this regard will be conclusive.

8. Timing of Payment.

(a) To the extent applicable, this Agreement is intended to comply with Code
Section 409A and shall be interpreted accordingly.

(b) If payment is due and payable under Section 2(b), it will be made upon your
death.

(c) If payment is due and payable under Section 2(f), it will be made six
(6) months after the termination of your employment (or, to the extent Code
Section 409A applies to your Restricted Stock Units, six (6) months after your
“separation from service” under Code Section 409A, if that is a different date).

(d) If payment is due and payable under Section 3(b), and the Change of Control
that causes payment to be due and payable is a “change of control” as defined
under Code Section 409A, such sum shall be paid to you within thirty (30) days
after the Change of Control. If payment is due and payable under Section 3(b),
and the Change of Control that causes payment to be due and payable is not a
“change of control” as defined under Code Section 409A, such sum shall be paid
to you at the time determined under Section 8(e).

(e) If payment is due and payable under the Standard Settlement Terms, payment
will be made by March 15 of the calendar year after the expiration of the Period
of Restriction; provided, however, that if you were given the opportunity to
defer payment under an applicable deferred compensation plan offered by the
Company or an Affiliate, such as may have occurred in connection with the
beginning of your employment, and chose to defer payment, then payment will be
made at the time determined under that plan.

 

4

--------------------------------------------------------------------------------

9. Closing Price. For purposes of this Agreement, Closing Price will mean the
closing price of a Share as reported in the principal consolidated transaction
reporting system for the New York Stock Exchange (or on such other recognized
quotation system on which the trading prices of the Shares are quoted at the
relevant time), or in the event that there are no Share transactions reported on
such tape or other system on the applicable date, the closing price on the
immediately preceding date on which Share transactions were reported. Closing
Price shall constitute “Fair Market Value” under the Plan for all purposes
related to your Restricted Stock Units.

10. No Guarantee of Employment. This Agreement is not a contract of employment
and it is not a guarantee of employment for life or any period of time. Nothing
in this Agreement interferes with or limits in any way the right of the Company
or an Affiliate to terminate your employment at any time. This Agreement does
not give you any right to continue in the employ of the Company or an Affiliate.

11. Governing Law; Choice of Forum. This Agreement will be construed in
accordance with and governed by the laws of the State of Delaware, regardless of
the law that might be applied under principles of conflict of laws. Any action
to enforce this Agreement or any action otherwise regarding this Agreement must
be brought in a court in the State of New York, to which jurisdiction the
Company and you consent.

12. Miscellaneous.

(a) For purposes of this Agreement, “Committee” includes any direct or indirect
delegate of the Committee as defined in the Plan and (unless otherwise
indicated) the word “Section” refers to a Section in this Agreement. Any other
capitalized word used in this Agreement and not defined in this Agreement,
including each form of that word, is defined in the Plan.

(b) Any determination or interpretation by the Committee pursuant to this
Agreement will be final and conclusive. In the event of a conflict between any
term of this Agreement and the terms of the Plan, the terms of the Plan control.
This Agreement and the Plan represent the entire agreement between you and the
Company, and you and all Affiliates, regarding your Restricted Stock Units. No
promises, terms, or agreements of any kind regarding your Restricted Stock Units
that are not set forth, or referred to, in this Agreement or in the Plan are
part of this Agreement. In the event any provision of this Agreement is held
illegal or invalid, the rest of this Agreement will remain enforceable.

(c) Your Restricted Stock Units are not Shares and do not give you the rights of
a holder of Shares. You will not be credited with additional Restricted Stock
Units on account of any dividend paid on Shares.

(d) The Committee may, in its discretion, settle your Restricted Stock Units in
the form of cash to the extent settlement in Shares is prohibited by law or
would require you or the Company to obtain the approval of any governmental
and/or regulatory body. The Committee may, in its discretion, require you at any
time to immediately sell Shares you acquire under this Agreement, in which case,
the Company shall have the authority to issue sales instructions in relation to
such Shares on your behalf. No Shares will be issued or no cash will be paid if
that issuance or payment would result in a violation of applicable law,
including United States securities laws and any other applicable securities
laws.

 

5

--------------------------------------------------------------------------------

(e) The issuance of Shares or payment of cash pursuant to your Restricted Stock
Units is subject to all applicable laws, rules and regulations, and to any
approvals by any governmental agencies or national securities exchanges as may
be required. The Company’s grant of Restricted Stock Units to you is not
intended to be a public offering of securities outside the United States, and
the Company has not submitted any registration statement, prospectus, or other
securities filing with authorities outside the United States, except where
required by law. Your Restricted Stock Units have not been, and will not be,
reviewed by or registered with any securities authorities outside the United
States, including but not limited to the securities authorities of Argentina. In
accordance with Circular 99 of 2001, from Chile’s Superintendence of Securities,
the grant of the Restricted Stock Units hereunder is not intended to be a public
offering of securities in Chile but instead is intended to be a private
placement. As this is a private placement in Chile, the Company has not
submitted any registration statement, prospectus or other filings with the local
securities authorities, and the Plan is not subject to the supervision of any
securities authorities in Chile. This Agreement and all other materials
pertaining to your Restricted Stock Units have not been reviewed by any
regulatory authority in Hong Kong. You are advised to exercise caution in
relation to this offer. If you have any doubts about any of the contents of the
materials pertaining to your Restricted Stock Units, you should obtain
independent professional investment advice.

(f) You agree to repatriate all payments under this Agreement or cash
attributable to Shares you acquire under this Agreement to the extent required
under any applicable legal requirements, such as foreign exchange rules and
regulations in your country of residence or country of employment.

(g) Your Restricted Stock Units are subject to the Company’s performance-based
compensation recoupment policy in effect from time to time.

(h) Regardless of any action the Company or any Affiliate takes with respect to
any or all tax withholding (including social insurance contributions and payment
on account obligations, if any), you acknowledge that the ultimate liability for
all such taxes is and remains your responsibility (or that of your beneficiary
or estate) and that neither the Company nor any Affiliate makes any
representations or undertakings regarding the treatment of any tax withholding
in connection with any aspect of any of your Restricted Stock Units, including
the grant or payment on account of the Restricted Stock Units, and that neither
the Company nor any Affiliate commits to structure the terms of the grant of or
any aspect of any Restricted Stock Units to reduce or eliminate your (or you
estate’s or any heir’s) liability for such tax. You agree to take any and all
actions as may be required to comply with your personal tax obligations.

(i) If you are resident and/or employed in a country that is a member of the
European Union, this Agreement is intended to comply with the provisions of the
EU Equal Treatment Framework Directive, as implemented into local law (the
“Equal Treatment Rules”). To the extent that a court or tribunal of competent
jurisdiction determines that any provision of this Agreement are invalid or
unenforceable, in whole or in part, under the Equal Treatment Rules, the
Committee, in its sole discretion, shall have the power and authority to revise
or strike such provision to the minimum extent necessary to make it valid and
enforceable to the full extent permitted under local law.

 

6

--------------------------------------------------------------------------------

(j) You agree that this Agreement and any other documents related to the Plan or
your Restricted Stock Units are to be presented to you in English, except where
prohibited by law. If any such document is translated into a language other than
English, the English version will control, to the extent permitted by applicable
law.

(k) The collection, processing and transfer of your personal data (collectively
“Data Handling”) is necessary for the Company’s administration of the Plan, this
Agreement and your Restricted Stock Units, and such Data Handling shall be done
consistent with applicable law, the data privacy consents, if any, signed by
you, the terms of your employment contract (if any) and/or your local company’s
governing policies with respect to data privacy.

(l) In accepting this Agreement, you acknowledge, to the extent allowed by law,
that:

(1) the Plan and this Agreement are each established voluntarily by the Company,
and that each is discretionary in nature and may be modified, suspended or
terminated at any time, as provided in the Plan and this Agreement,
respectively, and such change or the end of your participation in the Plan shall
not constitute a change or impairment of the terms and conditions of your
employment or give rise to any liability to you;

(2) the grant of your Restricted Stock Units is voluntary and occasional and
does not create any contractual or other right to receive future grants of
Restricted Stock Units, or benefits in lieu of Restricted Stock Units, even if
Restricted Stock Units have been granted repeatedly in the past;

(3) all decisions with respect to future Restricted Stock Unit grants, if any,
will be at the discretion of the Committee, including, but not limited to, the
timing of any grants, the number of Restricted Stock Units and vesting
provisions;

(4) your participation in the Plan is voluntary;

(5) the Restricted Stock Units are an extraordinary item which is outside the
terms and conditions of your employment and the scope of your employment
contract, if any;

(6) the Restricted Stock Units are not part of normal or expected compensation
or salary for any purposes, including, but not limited to, calculating any
severance, resignation, termination, redundancy, end of service payments,
bonuses, long-service awards, pension or retirement benefits or similar
payments;

(7) the Restricted Stock Unit grant will not be interpreted to form an
employment contract or relationship with any Affiliate or the Company, and you
are not an employee of the Company;

(8) the future Closing Price of Shares is unknown and cannot be predicted with
certainty;

 

7

--------------------------------------------------------------------------------

(9) to the fullest extent permitted by law, no claim or entitlement to
compensation or damages arises from termination of the Restricted Stock Units or
diminution in value of the Restricted Stock Units and you irrevocably release
the Company and each Affiliate from any such claim that may arise;

(10) in the event of the termination of your employment, neither your
eligibility, nor any right to receive Restricted Stock Units, nor any period
within which payment may be made on account of your Restricted Stock Units, if
any, will be extended beyond the period specified under this Agreement by any
notice period mandated under law (e.g., active employment would not include a
period of “garden leave” or similar period pursuant to local law); furthermore,
in the event of the termination of your employment, your right to payment on
account of your Restricted Stock Units, if any, will not be extended by any
notice period mandated under law; and

(11) you have been granted Restricted Stock Units as a consequence of the
commercial relationship between the Company and the Affiliate that employs you,
and the Affiliate that employs you is your sole employer.

(m) The Company may impose other requirements as a condition of your Restricted
Stock Units, to the extent the Committee determines, in its discretion, that
such other requirements are necessary or advisable in order to comply with law
or facilitate the operation or administration of this Agreement, your Restricted
Stock Units, or the Plan. To the extent the Company determines in its discretion
that you are required to execute any document or undertaking for this purpose,
you agree to do so.

13. Amendments. The Committee has the exclusive right to amend this Agreement as
long as the amendment does not adversely affect any of your previously-granted
Awards in any material way (without your written consent) and is otherwise
consistent with the Plan. The Company will give written notice to you (or, in
the event of your death, to your beneficiary or estate) of any amendment as
promptly as practicable after its adoption.

14. Post-Employment Terms Applicable to Insiders.

(a) The terms of this Section 14 shall apply if you are an Insider at any time
during the Period of Restriction, notwithstanding any other terms of this
Agreement, other than Section 3, to the contrary. If a Change of Control occurs
prior to the finding described in Section 14(b), any applicable terms of
Section 3 will supersede the terms of this Section 14.

(b) If the Committee reasonably finds that, at any time during the Period of
Restriction, whether during your employment with the Company and its Affiliates
or thereafter, you directly or indirectly owned any interest in, managed,
controlled, participated in, consulted with, or rendered services, as an
officer, director, employee, partner, member, consultant, independent contractor
or agent, to any person or entities currently engaged in business activities
which compete (or will compete based on the anticipated plans of the Company at
the time of your employment termination) with the business of MetLife in the
United States, United Arab Emirates, Hong Kong (Special Administrative Region of
the People’s Republic of China), Argentina, United Kingdom and/or in any other
country in which MetLife conducts business or has plans to conduct business
during your employment or as of the date your employment terminated, then, to
the maximum extent permissible by law, your Restricted Stock Units will be
immediately forfeit.

 

8

--------------------------------------------------------------------------------

(c) Notwithstanding the terms of Section 11 to the contrary, this Section 14
will be construed in accordance with and governed by the laws of the State of
New York, regardless of the law that might be applied under principles of
conflict of laws.

15. Agreement to Protect Corporate Property. If you have not previously executed
an Agreement to Protect Corporate Property that is acceptable to the Company
(“Property Agreement”), the grant of your Restricted Stock Units is subject to
your execution of the Property Agreement provided to you by the Company with
respect to this Agreement, and if you do not return a signed copy of the
Property Agreement then this Agreement and the Restricted Stock Units granted to
you will be void. The Company may in its sole discretion allow an extension of
time for you to return your signed Property Agreement.

IN WITNESS WHEREOF, MetLife, Inc. has caused this agreement to be offered to
you, and you have accepted this Agreement by the electronic means made available
to you.

 

9