Exhibit 10.9

UNIT OPTION AGREEMENT

(Ratable Exercisability in Thirds)

[Global Affiliate] (the “Global Affiliate”) confirms that, on [grant date] (the
“Grant Date”), you [name] were granted [number] Unit Options (your “Unit
Options”). Your Unit Options are subject to the terms and conditions of this
Unit Option Agreement (this “Agreement”) and the MetLife, Inc. 2015 Stock and
Incentive Compensation Plan (the “Plan”) as a form of Stock Appreciation Rights.
Any payment due under this Agreement may be made by any one or more Affiliates
(the “Paying Affiliate”).

1. Standard Exercise Terms.

(a) Each Unit Option entitles you, upon exercise, to receive a cash payment
equal to the Market Price of a Share less the Closing Price on the Grant Date
(the “Exercise Price”), which was $[closing price on date of grant]. For this
purpose, “Market Price” means, unless otherwise prescribed by the Committee:

(1) if you exercise the Unit Option during the trading hours of 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), the price of a
Share as reported in the principal consolidated transaction reporting system for
the New York Stock Exchange (or on such other quotation system).

(2) if you exercise the Unit Option at any other time, the opening price of a
Share at the beginning of the next trading hours of 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), the price of a Share as reported in the
principal consolidated transaction reporting system for the New York Stock
Exchange (or on such other quotation system).

(b) Except as provided in Sections 2, 3, and 14 one-third (1/3) of your Unit
Options will become exercisable on each of the first, second and third
anniversaries of the Grant Date, and you may exercise your Unit Options until
the close of business on [day prior to the tenth (10th) anniversary of the Grant
Date] (the “Standard Terms”). Neither this date, nor any other deadline for
exercise of your Unit Options under this Agreement, will be extended regardless
of whether you are unable to exercise your Unit Options on that date because it
is not a business day, due to trading limitations, or otherwise.

(c) You may exercise any of your Unit Options that have become exercisable by
notifying the Company, using procedures that will be established for this
purpose. You may exercise your Unit Options only if the Market Price of Shares
is greater than the Exercise Price. Any exercisable Unit Options that you fail
to exercise within the applicable period for exercise will be forfeited.

(d). Reserved.

(e) You must exercise your Unit Options in accordance with the Company’s insider
trading policy and any applicable pre-trading clearance procedures. Payment
pursuant to your Unit Options 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. No payment will be

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made upon exercise of any of your Unit Options if that issuance or exercise
would result in a violation of applicable law, including the federal securities
laws and any applicable state or foreign securities laws.

2. Change of Status. The terms of this Section 2 describe how various events
affect your then-unexercised Unit Options, 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 Terms will
continue to apply to your Unit Options. Once this Section 2(a) applies, then
none of Sections 2(b), (c) or (f) will apply to your Unit Options, 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, all of your Unit Options will be immediately
exercisable and will remain exercisable through the end of the period provided
by the Standard Terms.

(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 Terms will continue to apply to your Unit Options; provided that, if
the Committee finds that, any time prior to your exercise of each of your Unit
Options, 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 Unit Options
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, all of your Unit Options will be forfeited
immediately.

 

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(f) Other Termination of Employment. If none of Sections 2(a) through
(e) applies, then:

(1) your Unit Options that are exercisable as of the date of the termination of
your employment will remain exercisable until the close of business on the 30th
day after the date of your termination or until they would expire under the
Standard Terms, whichever period is shorter; and

(2) all of your Unit Options that are not exercisable at the date of termination
of your employment with the Company or an Affiliate will be forfeited
immediately upon your termination of employment.

(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 Unit Options;

(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 from the Grant Date to the date your
Unit Options became exercisable (such period, the “457A Period”); and

(c) the Company determines that Code Section 457A potentially applies to your
Unit Options.

(2) To the extent that this Section 12(g) applies to your Unit Options:

(a) the pro rata portion of your outstanding Unit Options represented by the
457A Period as a portion of the period from the Grant Date to the date your Unit
Options became exercisable (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 from
the Grant Date to the date your Unit Options became exercisable, subject to
income tax by the United States of America (the “United States”) and you so
certify; and

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

 

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3. Change of Control.

(a) The terms of this Section 3 describe how a Change of Control will affect
your then-unexercised Unit Options. 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. Except as provided in Section 3(b) and 3(c), and unless
otherwise prohibited under law or by applicable rules of a national security
exchange, if a Change of Control occurs:

(1) all of your unexercised Unit Options will become exercisable immediately
regardless of the applicable exercise schedule; and

(2) notwithstanding any provisions of Section 2 to the contrary, if your
employment with the Company or any Affiliate terminates without Cause before the
first anniversary of the Change of Control, your Unit Options will remain
exercisable until the earlier of: (a) their expiration under the Standard Terms;
or (b) the first anniversary of the termination of your employment. For purposes
of this Section 3(a)(2), your transfer between the Company and an Affiliate, or
among Affiliates, will not be a termination of employment.

(b) Notwithstanding Section 3(a), the Committee may elect to redeem your Unit
Options for a cash payment equal to the Change of Control Price less the
Exercise Price, multiplied by the number of exercisable Unit Options that you
have not yet exercised.

(c) The terms of Sections 3(a) and (b) will not apply to your Unit Options if
the Committee reasonably determines in good faith, prior to the Change of
Control, that you have been granted an Alternative Award for your Unit Options
pursuant to Section 15.2 of the Plan.

(d) To the extent Section 3(a) or (b) apply to your Unit Options, the terms of
Section 2(g), except for Section 2(g)(2)(b), shall apply to your Unit Options or
any payment made to you to redeem your Unit Options, provided, however, that the
Company or an Affiliate shall offer you the opportunity to certify as described
in Section 2(g)(2)(a). To the extent that Section 3(c) applies to your Unit
Options, the Alternative Award you are granted 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 otherwise
permitted by the Committee, you may not sell, transfer, pledge, assign or
otherwise alienate or hypothecate any of your Unit Options, and all rights with
respect to your Unit Options are exercisable during your lifetime only by you.

5. Estate. Your rights under this Agreement will pass to and may be exercised
after your death by your estate, except as otherwise required by law. Any
payments remaining unpaid at your death will be paid to your estate, except as
otherwise required by law.

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

 

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law, an amount sufficient to satisfy the minimum statutory United States, state,
local or other applicable tax withholding requirements. The Company will defer
payment until this requirement is satisfied.

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

8. Timing of Payment. Cash will be paid to you upon your exercise of any of your
Unit Options.

9. Closing Price. For purpose 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 Unit Options.

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 Unit Options. No promises,
terms, or agreements of any kind regarding your Unit Options 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.

 

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

(d) The Committee may, in its discretion, settle your Unit Options in the form
of Shares. To the extent the Committee does so, the Committee may, in its
discretion, settle your Unit Options 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.

(e) Payment pursuant to your Unit Options 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 Unit
Options 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 Unit Options 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. To the extent applicable, in accordance with Circular 99 of 2001,
from Chile’s Superintendence of Securities, the grant of the Unit Options
hereunder is not intended to be a public offering of securities in Chile but
instead is intended to be a private placement. To the extent 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 Unit Options 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 Unit Options, 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 Unit Options 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 Unit Options, including the grant
or payment on account of the Unit Options, and that neither the Company nor any
Affiliate commits to structure the terms of the grant of or any aspect of any
Unit Options 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.

 

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(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.

(j) You agree that this Agreement and any other documents related to the Plan or
your Unit Options 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 Unit Options, 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 its Affiliates, 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 Unit Options is voluntary and occasional and does not
create any contractual or other right to receive future grants of Unit Options,
or benefits in lieu of Unit Options, even if Unit Options have been granted
repeatedly in the past;

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

(4) your participation in the Plan is voluntary;

(5) the Unit Options 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 Unit Options 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;

 

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(7) the Option 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;

(9) to the fullest extent permitted by law, no claim or entitlement to
compensation or damages arises from termination of the Unit Options or
diminution in value of the Unit Options 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 Unit Options, nor any period within which
payment may be made on account of your Unit Options, 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 Unit
Options, if any, will not be extended by any notice period mandated under law;
and

(11) you have been granted Unit Options 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 Unit
Options, 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 Unit Options,
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 and Executive Officers.

(a) The terms of this Section 14 shall apply if you are an Insider at any time
prior to your exercise of each of your Unit Options, 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 prior to your exercise
of each of your Unit Options, 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

 

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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, all of your Unit Options not yet
exercised will be forfeited immediately.

(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. Additional Terms.

(a) You acknowledge that, subject to the terms of Section 16(d) of this
Agreement, the obligation to make each payment due under this Agreement, if any,
shall be the obligation of the Global Affiliate. The obligation to make payments
under this Agreement shall be unfunded and unsecured. In no event shall the
Company be obligated to make payments due under this Agreement. The Global
Affiliate and you agree and acknowledge that, to the extent consistent with
applicable law, neither the Unit Options, this Agreement, the Plan nor any
rights, obligations, terms and conditions set forth therein or in connection
therewith, constitute securities, negotiable instruments, or derivatives
instruments or transactions.

(b) Payments pursuant to Section 3, which describe how a Change of Control
during the Performance Period will affect your Unit Options, will be made in
your then-current payroll currency (or another currency of your choosing) at a
reasonable U.S. currency exchange rate chosen in good faith by the Committee or
the Paying Affiliate. Otherwise, any payment due to you will be made in your
then-current payroll currency (or other currency of the Committee’s or Paying
Affiliate’s choosing) at a United States currency exchange rate determined by
the Committee or the Paying Affiliate in the discretion of the Committee or the
Paying Affiliate.

(c) To the extent any separate or additional consideration is necessary under
applicable law to effectuate the parties’ intentions to be bound by the terms of
this Agreement, you agree to pay US$1.00 (One Dollar 00/100 currency of the
United States) to the Global Affiliate, which shall not be refundable to you.

(d) Notwithstanding anything in this Agreement to the contrary, the Committee
may, at any time prior to payment for your Unit Options, in its sole discretion,
find that the Company or an Affiliate has made an award to you intended to
substitute for the Unit Options (including but not limited to a contingent right
to acquire Shares), and that such substitute award is subject to such material
terms and conditions that are no less favorable than the material terms and
conditions governing your Unit Options and that provide for the same timing for
payment as apply to your Unit Options. Upon such a finding, the Committee may,
in its sole discretion, cancel your Unit Options in light of that substitute
award without additional compensation to you.

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

 

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