EX-10.95



 Exhibit 10.95 
 METLIFE AUXILIARY PENSION PLAN 
 Metropolitan Life Insurance Company
(“Company”) hereby amends and restates Part I of the MetLife Auxiliary Pension Plan (“Plan”) effective January 1, 2008. 
 Part I 
 To the extent that there is any conflict between Part I and
Part II of this Plan document, Part I contains the provisions of the Plan that govern 409A Benefits as defined in Article 4.1(a) of Part I. All references to “409A” or “section 409A” in this Plan are
references to section 409A of the Internal Revenue Code (“Code”) and the regulations thereunder. Part II contains the provisions of the Plan (as in effect on October 3, 2004) that govern Grandfathered Benefits as defined in
Article 4.1(b) of Part I, if any, under the Plan. 
 Article 1. Purpose of Plan. 

The purpose of the Plan is to provide to certain participants employed by the employers (each an “Employer”) participating under the
Metropolitan Life Retirement Plan for United States Employees (“Retirement Plan”) and his/her beneficiaries, the excess amount that would have been payable under the Retirement Plan in the absence of the limitations under (i) section
415 of the Code, (ii) section 401(a)(17) of the Code, or such lesser limit as in effect under the Retirement Plan and (iii) section 1.415-2(d)(2) of the Income Tax Regulations, that excludes compensation deferred under the Company’s
or an Employer’s deferred compensation arrangements. 
 Except for terms defined in this Plan, all capitalized terms used in this Plan
shall have the same definition and meaning assigned to those terms under the Retirement Plan. 
 Article 2. Participation 

 A Participant in the Plan is any Employee that is eligible under Section 2.1, 2.2 or 2.3 below: 

2.1. An Employee of an Employer participating in the Retirement Plan: 
  

	(a)	whose Retirement Plan benefits are reduced because of the application of section 401(a)(17) of the Code (or such lesser limit as in effect under the Retirement Plan),
or, 

  

	(b)	whose Retirement Plan benefits are reduced because of the application of section 415 of the Code, including treasury regulation 1.415-2. 


  
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 shall be eligible to participate in the Plan as stated in all Articles except Section 4.6 of
Article 4 and Article 4A. 
 2.2. PRA/PLS Benefit. “PRA/PLS Benefit” means a benefit that is either a Personal
Retirement Account benefit or a Performance Pension Account benefit under the Retirement Plan. Likewise, any benefit referred to as a “non PRA/PLS Benefit” or “not a PRA/PLS Benefit” refers to benefits under the Retirement Plan
that are not PRA/PLS Benefits. 
 An Employee of an Employer with a benefit that is not a PRA/PLS Benefit participating in the Retirement Plan
who: 
  

	(a)	is in a compensation grade of 36 or higher (or an equivalent compensation grade), or, 


 

	(b)	is a member of the Chairman’s Council for 3 consecutive years, or, 

  

	(c)	is listed in Appendix A, or, 

  

	(d)	has been inducted into the Sales Representative Hall of Fame and has attained the age of 65 


 

	shall	be eligible to participate in the Plan as stated in all Articles. 

 If an Employee is an eligible Participant in the Plan under Section 2.1 of this Article, and on or after January 1, 1995, he/she qualifies as a Participant under Section 2.2 of this
Article, then the portion of his/her benefit that is not a PRA/PLS Benefit that has accrued to that Employee shall be determined and payable as if the Employee was always eligible under Section 2.2 of this Article. If, after qualifying as a
Participant under Section 2.2 of this Article, an individual’s compensation grade drops below level 36 (or its equivalent), or the individual ceases to qualify for the Chairman’s Council, then that individual shall continue to be
treated as if he or she meets the requirements of Section 2.2 of this Article. 
 2.3. An Employee of an Employer participating in the
Retirement Plan: 
  

	(a)	(i) who participated and accrued benefits in either of the following plans.: 


 

	 	•	 	 The New England Life Insurance Company Select Employee’s Supplemental Retirement Plan, or 



 

	 	•	 	 New England Life Insurance Company Supplemental Retirement Plan, and, 



 

	 	(ii)	who, on December 31, 2000, was actively employed by New England Life Insurance Company, the Company or an Employer, 


shall be eligible, on January 1, 2001, to participate in this Plan, except Section 4.6 of Article 4 and Article 4A. Such individual
shall have his/her entire auxiliary defined benefit as defined in Article 4.2 (and including amounts previously accrued under the 

  
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 New England plans named above) paid under this Plan, in accordance with the terms of this Plan. Such
individual shall be eligible to participate in this Plan as stated in Section 4.6 of Article 4 and Article 4A if he/she qualifies as a Participant under Section 2.2 of this Article after December 31, 2000. 

 

	(b)    (i)    	who participated and accrued benefits in the GenAmerica Corporation Augmented Benefit Plan, (only insofar as it relates to benefits on compensation that exceeded the
limits imposed by or upon the GenAmerica Corporation Performance Pension Plan and Trust.) and, 

  

	 	(ii)	who, on December 31, 2002, was actively employed by General American Life Insurance Company, the Company or an Employer, 


shall be eligible, on January 1, 2003, to participate in this Plan, except Section 4.6 of Article 4 and Article 4A. Such individual
shall have his/her entire auxiliary defined benefit as defined in Section 4.2 (and including amounts previously accrued under the Augmented Benefit Plan) paid under this Plan, in accordance with the terms of this Plan. Such individual shall be
eligible to participate in Section 4.6 of Article 4 and Article 4A of this Plan if he/she qualifies as a Participant under Section 2.2 of this Article after December 31, 2002. 

Article 3. Vesting  
 A Participant
will vest in his/her accrued benefit, described in Article 4.2, under this Plan in accordance with the vesting schedule under the Retirement Plan. 
 Should a Change of Control occur, as defined in Article 8, all benefits accrued by a Participant under this Plan prior to the Change of Control, shall vest if, and when, the Participant satisfies the
vesting schedule that existed under the Retirement Plan immediately prior to the Change of Control, unless the accelerated vesting provisions in Article 8.2 apply. 
 Article 4. Payment of Benefits  
 4.1. Definitions. 

 

	(a)	409A Benefits. “409A Benefits” For individuals who are eligible under Section 2.2 on or before December 31, 2008, “409A Benefits”
means the portion of a Participant’s vested benefit that accrues after December 31, 2004. For all other Participants in the Plan “409A Benefits” means his/her entire accrued benefit payable under this Plan.


  

	(b)	Grandfathered Benefits. “Grandfathered Benefits” means the portion of a Participant’s benefit vested and accrued prior to January 1, 2005
plus any other increases or amounts that can be included in the grandfathered benefit under Code section 409A and the regulations thereunder. Only an individual who: 


  
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	 	(i)	is not a Commissioned Employee, and is eligible under Section 2.2 on or before December 31, 2008, 


 

	 	(ii)	is a Commissioned Employee, eligible under Section 2.2, who separated from service prior to January 1, 2005, or 


 

	 	(iii)	is described in Section 4.7(c) and (d) of the Plan, or 

 will have “Grandfathered Benefits” under this Plan. 
  

	(c)	Benefit Eligible / Benefit Eligibility. “Benefit Eligible” or “Benefit Eligibility” means the earliest date that benefits could commence
(using the age and service requirements) under the Retirement Plan. 

  

	(d)	Commissioned Employee. “Commissioned Employee” shall have the same meaning as under the Retirement Plan, except that for the purposes of this Plan,
Commissioned Employee shall not include those individuals that are considered group commissioned under the Retirement Plan. 

  

	4.2.	Benefits under this Plan shall be payable to a Participant in an amount equal to the difference, as determined by the Plan Administrator in its sole discretion, between
(a) and (b) below: 

  

	(a)	the largest amount (without duplication of amount) that would have been payable to the Participant under the Retirement Plan, had the Retirement Plan not been subject
to the limitations of Code sections: (i) 415, (ii) 401(a)(17) or such lesser limit as stated in the Retirement Plan, and (iii) Regulation section 1. 415-2(d)(2) (with respect to deferred compensation arrangements); and,


  

	(b)	the amount of benefits payable under the Retirement Plan and any predecessor auxiliary plan. 

 4.3. Distribution of 409A Benefits  
  

	(a)	A Commissioned Employee, who is a Participant under Section 2.2 and has an election on file that complies with 409A, as determined by the Plan Administrator, that
specifies the time and form for distribution of benefits will have benefits distributed in the elected form on or as soon as administratively practicable after the later of: 


 

	 	(i)	the date or age specified in the election or 

  

	 	(ii)	attainment of Benefit Eligibility. 

 A Commissioned Employee who is not a Participant under Section 2.2 and has an election on file that complies with 409A, as determined by the Plan Administrator, that specifies the time and form for
distribution of benefits will have benefits distributed in the elected form on or as soon as administratively practicable after October 1st following the later of: 
  

	 	(iii)	the date or age specified in the election or 

  

	 	(iv)	attainment of Benefit Eligibility. 


  
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 In no event can any Participant’s election specify an age or date
for payment that is earlier than age 55 or later than age 70. A Commissioned Employee who does not have an election on file that complies with 409A, will have benefits distributed to him/her on or as soon as administratively practicable after the
October 1st following the later of: 

 

	 	(v)	 the Participant’s
60th birthday or the 



 

	 	(vi)	Participant’s attainment of Benefit Eligibility, in the following forms: 


 

	 	(1)	PRA/PLS Benefits will be paid in a lump sum 

  

	 	(2)	Benefits that are not PRA/PLS Benefits will be paid in the Normal Form of Payment under the Retirement Plan. 


 

	(b)	 A Commissioned Employee who does not have an election on file that complies with 409A by December 31, 2008 and who is age 60 or older as of
October 1, 2008 will have his/her benefits distributed in the default forms noted in (a)(vi)(1) and (2) above on or as soon as administratively practicable after the later of: October 1, 2009 or the October 1st after the attainment of Benefit Eligibility.



  

	(c)	If a Commissioned Employee’s benefit commences while he/she is on active payroll and still accruing a benefit under the Plan then every five years after the later
of: the initial date of benefit payment or the fifth anniversary of the last time the benefit was re-calculated (“Recalculation Date”), the Participant’s benefit will be recalculated and any additional amounts due and owing to the
Participant, if any, in the discretion of the Plan Administrator, will be paid. 

  

	 	(i)	To the extent that the Participant is receiving an annuity form of benefit, such recalculation will take into account age, service and accrued benefits as of the
Recalculation Date, offset by the value of any payments made to the Participant prior to the Recalculation Date. 

  

	 	(ii)	To the extent that the Participant received a lump sum benefit payment, any additional amounts due to the Participant, will be offset by the value of any payments made
to the Participant prior to the Recalculation Date and paid in a lump sum immediately following the Recalculation Date. 

  

	 	(iii)	To the extent that the Participant is receiving installment payments at the time he/she reaches his/her Recalculation Date, then any additional amounts due to the
Participant, will be offset by the value of any payments made to the Participant prior to the Recalculation date and will be equally divided among, and added to, the number of unpaid installments remaining as of the Recalculation Date. If all
installments have been paid by the Recalculation Date, then any additional amounts due to the 


  
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 Participant will be paid in a lump sum immediately following the
Recalculation Date. 
 To the extent that actuarial assumptions are necessary to recalculate the benefit, the assumptions used will be
designated by the Plan Administrator in the Plan’s administrative procedures. 
  

	(d)	An eligible Participant who is not a Commissioned Employee and who has an election on file that complies with 409A, as determined by the Plan Administrator, that
specifies the time and form for distribution of benefits, will have benefits distributed in the elected form on or as soon as administratively practicable after the later of: 


 

	 	(i)	the date or age specified in the election or 

  

	 	(ii)	attainment of Benefit Eligibility. 

 If such Participant does not have an election on file that complies with 409A, then the time/form of payment for the Participant’s 409A Benefits will be as specified below: 

 

	 	(iii)	PRA/PLS Benefits will be paid in a lump sum as soon as administratively practicable after separation from service. 


 

	 	(iv)	Benefits that are not PRA/PLS Benefits will be paid in the Normal Form of Payment under the Retirement Plan commencing at the later of separation from service or
attainment of Benefit Eligibility. 

  

	(e)	An alternate payee receiving benefits under the Plan through a Qualified Domestic Relations Order (“QDRO”) as defined under section 414 (p) of the Code,
will receive benefits in the time and form specified in the QDRO. At the discretion of the Plan Administrator, an alternate payee with a QDRO that does not specify the time or the form of their benefit payments may be provided the opportunity to
elect the time and/or form for payment of his/her benefit under the Plan. Such elections shall comply with the Plan’s administrative procedures. 

 In no event will benefits be distributed under a QDRO at any time or in any form not allowed, in the sole discretion of the Plan Administrator, under the Plan or under the laws governing this Plan.
Alternate payees have the status of beneficiaries under this Plan. 
 4.4 Notwithstanding the default forms of payment listed in
Article 4.3 above: 
  

	(a)	The Company intends all forms of payment to be treated as a single payment and a Participant with a benefit other than PRA/PLS Benefits will be able to elect, in
accordance with Code section 409A, as determined by the Plan Administrator, among actuarially equivalent annuity forms of benefit any time prior to the payment commencement date for such benefit. 


  
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	(b)	 Specified Employees. Each Year the Plan must identify individuals who are “Specified Employees” as that term is defined under 409A and
the treasury regulations thereunder. The determination of who is a Specified Employee will be based on taxable compensation (as shown on Box 1 of each Participant’s W-2) paid during the 12-month period ending September 30th of each calendar year. Therefore, September 30th of each year will serve as the Specified Employee identification
date for the Plan. The list of Specified Employees generated on September 30th of each year will be effective from January 1st through December 31st of each subsequent Plan year. Any Participant identified as a Specified Employee on the applicable identification date, whose benefit is payable due to separation from service or Retirement shall not
have his/her 409A Benefits commence under this Plan in any form until six months have elapsed since his/her separation or Retirement. 


 A Specified Employee receiving benefits in annual payments who has benefit commencement delayed under this provision will receive his/her first annual payment on the first of the month following the
expiration of the six month period described above, and subsequent annual payments will be made as originally scheduled . A Specified Employee receiving his/her benefits in monthly payments who has benefit commencement delayed under this provision
will receive seven months of payments on or about the first of the month following the expiration of the six month period described above. Subsequent individual monthly payments will follow on or about the first of each subsequent month. 

 

	(c)	Redeferrals. To the extent a Commissioned Employee so elects, and consistent with the requirements of the Code (including but not limited to requirements for
redeferral under section 409A of the Code), the payment of benefits under the Plan can be delayed. Subsequent redeferrals will be allowed consistent with the requirements of the Code, and provided such redeferral elections are made on the form, and
in the manner, prescribed by the Plan Administrator. The redeferral elections described in this subsection shall be the only such elections permitted under the Plan and shall be irrevocable. In no event shall elections under this subsection operate
to allow a Participant with an age or date specific election, to commence benefit payments any later than age 70. A Participant may only change his/her form of benefit when making a redeferral election if he/she is changing the form of benefit to an
annuity form at the time the redeferral election is filed. 

 4.5. Minimum Distribution. A Participant who commenced
minimum distributions of their benefit under this Plan on or before December 31, 2007, will continue to have such distributions calculated as provided under the Retirement Plan and paid to them in accordance with the existing schedule.


  
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 For all other Participants, payment of benefits under this Plan will not be affected by, or subject to,
minimum distributions as described under section 401(a)(9) of the Code and the treasury regulations thereunder. 
 4.6 Only for an individual
who is eligible under Section 2.2, Final Average Compensation used to determine the largest amount that would have been payable under Article 4.2(a) above, will be based on the following rules, notwithstanding the actual provisions of the
Retirement Plan. 
 For an eligible Participant that is not a Commissioned Employee Final Average Compensation will be the sum of (a) and
(b) below: 
  

	(a)	The base salary component of the Participant’s Final Average Compensation is determined using the average of the Participant’s base salary for the 60 highest
consecutive months during the 120 months preceding the Participant’s date of Retirement or termination, and, 

  

	(b)	The component of the Participant’s Final Average Compensation representing the MetLife Annual Variable Incentive Compensation Plan or successor annual cash bonus
plan or program (“AVIP”) award will be determined using the average of the Participant’s highest 5 AVIP payments (not necessarily consecutive) with respect to the 10 AVIP payments preceding such Participant’s date of Retirement
or termination (including any projected payment(s) to be made beyond the Participant’s date of Retirement or termination calculated as provided immediately below). 


The AVIP award, as set forth in subsection (b) immediately above, projected to be made beyond the Participant’s date of
Retirement or termination will be deemed equal to the result of the following calculation, as determined by the Plan Administrator in its sole discretion: 
  

	 	(i)	the highest of the last 3 bonuses/awards paid while the Participant was in active Company service multiplied by 


 

	 	(ii)	a fraction, the numerator of which is the number of months (or part thereof) that the Participant was actively employed in the calendar year(s) for which the
bonus/award would be payable and the denominator of which is 12. 

  

	 	(iii)	If the fraction determined under (ii) immediately above, is less than 1, then, the fractional amount determined under (ii) shall replace an equivalent
fractional amount in the lowest of the 5 highest AVIP payments used in (b) above. This replacement shall occur only if the fractional amount determined under (ii) is greater than the fractional amount it is replacing in the lowest of the 5
highest AVIP payments. 

 Notwithstanding (b)(i), (ii) and (iii), if a specific amount of bonus/award was already approved
under the AVIP, prior to the Participant’s date of Retirement or termination, 

  
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such amount shall be used instead of the deemed estimate, and such amount shall also be taken into account in determining the highest of the Participant’s last 3 bonuses/awards with regard
to any bonus/award payable for the Participant’s year of Retirement or termination. 
 If, at the time of Retirement or termination, fewer
than 5 AVIP payments have been made to a Participant, then the AVIP component of Final Average Compensation shall be the average of: all AVIP payments actually made to the Participant and the projected payment (described above) for the year of
Retirement or termination. 
 For an eligible Participant who is a Commissioned Employee Final Average Compensation will be the amount described
in appropriate provisions of the Retirement Plan. 
 4.7 Except as described in (a) through (e) immediately below, Grandfathered
Benefits shall be payable in the same form(s) and at the same times as benefits are payable under the Retirement Plan. 
  

	(a)	Alternative Distributions under Article 4A shall be paid in the form, and at the time stated in the election form completed by the Participant and approved by the
Committee. 

  

	(b)	Pre-Distribution Death Benefits as described in Article 4A.5 shall be paid in accordance with the terms of that Article. 


 

	(c)	An individual who: 

  

	 	(i)	had accrued benefits under the New England Life Insurance Company’s non-qualified Plans listed in Section 2.3, 


 

	 	(ii)	terminated employment on or before December 31, 2000, and, 

  

	 	(iii)	did not become an Employee of the Company or an Employer upon that termination of employment, 

 will have his/her benefits paid from this Plan in the amounts, at the times and in the form provided for under the provisions of those prior plans. 

 

	(d)	An individual who: 

  

	 	(i)	had accrued benefits under the GenAmerica Corporation Augmented Benefit Plan, 


 

	 	(ii)	terminated employment on or before December 31, 2002, and, 

  

	 	(iii)	did not become an Employee of the Company or an Employer upon that termination of employment, 

 will have his/her entire auxiliary defined benefit paid from this Plan in the amounts, at the times, and in the form provided for under the provisions of that prior plan. 

  
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	(e)	an individual described in Section 2.3 shall have his/her entire auxiliary defined benefit (including amounts previously accrued under the plans named in
Section 2.3) paid under this Plan, in accordance with the terms of this Plan. 

 4.8 Notwithstanding any provision to the
contrary, the payment of benefits under this Plan shall not be affected by, or be subject to, the qualified pre-retirement survivor annuity and qualified joint and survivor annuity rules under the Retirement Equity Act of 1984. 

Article 4A. Alternative Distribution  
 Alternative forms of distribution are available to those individuals who are eligible Participants under Section 2.2 herein on or before December 31, 2008. The ability to elect an Alternative
form of distribution may, in the discretion of the Plan Administrator, be granted to Participants who do not qualify under Section 2.2 of the Plan, but who, as of December 31, 2008, have a PRA benefit and meet any of the requirements in
(a) through (d) of Section 2.2 of the Plan. Alternative forms of distribution may be elected by eligible Participants on or before December 31, 2008 and may apply to his/her 409A benefit as allowed under the transition relief
provided under 409A. After December 31, 2008, alternative forms of distribution can only be elected by an eligible Participant under Section 2.2 herein for his/her Grandfathered Benefits. 

4A.1 Definitions 
  

	(a)	Alternative Distribution. “Alternative Distribution” means one of the following modes of payment: 


 

	 	(i)	Single Sum: Payment in a single sum. 

  

	 	(ii)	Installment Payments for a Specific Period: Monthly or annual payments are made to the Participant for a specified number of years selected (not exceeding 20
years). If the Participant dies before the expiration of the specified period, installment payments will continue to be made for the remainder of the period chosen by the Participant to a beneficiary designated by the Participant.


  

	 	(iii)	Other Distribution: Any other form of payment that is mutually agreed upon by the Participant and the Committee. 


 

	(b)	Committee. “Committee” means the Compensation Committee of the Board of Directors of the Company. The Committee, or either component thereof, may
delegate any of its powers or authority under this Plan in any manner consistent with law. 

  

	(c)	Election Date. “Election Date” means the date on which the Participant files his/her request for an Alternative Distribution. For Participants who are
Benefit Eligible 


  
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when they separate from service with the Company or an Employer, this date can be no later than the day before the Participant’s Retirement or termination date. For Participants who are not
Benefit Eligible when they separate from service with the Company or an Employer, this date can be no later than 12 months before the Distribution Date. 


 

	(d)	Distribution Date. “Distribution Date” means the date distributions commence under the mode of payment elected by the Participant. For Participants who
are Benefit Eligible when they separate from service with the Company or an Employer, this date cannot be earlier than the Participant’s Retirement or termination date. For Participants who are not Benefit Eligible when they separate from
service with the Company or an Employer, this date cannot be earlier than the later of: 

  

	 	(i)	12 months following the Participant’s Election Date, and 

  

	 	(ii)	attaining Benefit Eligibility. 

 4A.2.
Payment in the Form of an Alternative Distribution.  
 In order to receive an Alternative Distribution: (i) a request form must be
duly filed by the Participant in compliance with both the provisions of this Article 4A and the procedures as set forth from time to time by the Committee, (ii) consent thereto must be given by the Committee, and (iii) payment in the
form of an Alternative Distribution must be made pursuant to a request form that satisfies 409A and the regulations thereunder. 
 4A.3.
Election of Alternative Distribution.  
 A form requesting that 409A Benefits be paid in the form of an Alternative Distribution must be
consistent with the requirements of Code section 409A, as determined by the Plan Administrator and must be submitted by the Participant to the Committee no later than December 31, 2008. 
 A form requesting that Grandfathered Benefits under this Plan be paid in the form of an Alternative Distribution must be made in accordance with the requirements of this paragraph. The form must be
submitted by the Participant to the Committee no later than the day before the Participant’s Retirement date. For Participants who are separating from service with the Company or an Employer before they are Benefit Eligible, the form requesting
an Alternative Distribution must be submitted by the Participant to the Committee no later than 12 months before the Distribution Date indicated on the election form. All requests must be in writing, signed by the Participant, and follow the
format prescribed by the Committee. On the request form the Participant must also designate (i) the mode of payment requested and (ii) the Participant’s Retirement or Distribution Date. A request form shall be deemed submitted by the
Participant to the Committee on the day that such form is received by the Committee. Prior to the Participant’s Retirement date, the request form can be revoked by the Participant. Any revocation must be in writing and comply with the
procedures of the Committee. A request form 

  
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submitted by the Participant shall become irrevocable and binding as to all elections and designations made by the Participant as of the Retirement date. In the event that a Participant’s
request form is not filed before his/her Retirement date, the Participant’s Plan benefits will be paid in the same form as the benefits paid to the Participant under the Retirement Plan. For Participants who separate from service before they
are Benefit Eligible, the request form shall become irrevocable and binding, as to all elections and designations, 12 months before the Distribution Date. 
 4A.4. Consent of the Committee.  
 Payment in the form of an Alternative Distribution shall
require the consent of the Committee. The Committee shall have full and complete discretion to approve or reject any request for an Alternative Distribution. The decision of the Committee on the Participant’s request form shall be made known to
the Participant in writing. 
 4A.5. Death of Participant Before Distribution Date. 

 

	(a)	A Participant under Section 2.2, who accrued vested Plan benefits other than PRA/PLS Benefits before death, shall have 50% of the present value of his/her
undistributed non PRA/PLS Benefit, (valued as a single sum under Section 4A.6(a) below and actuarially adjusted for payment at the Participant’s earliest Retirement date or the day prior to death, if the Participant was Benefit Eligible at
death), paid to his/her designated beneficiary. This pre-distribution death benefit will be payable in the form designated by the Participant and approved by the Committee. 


A Participant may file with the Committee a form (which will become irrevocable only upon death) designating a beneficiary or changing
his/her existing designation. This form will also allow the Participant to choose the form in which the pre-distribution death benefit will be paid. All optional forms of benefit available to the Participant under this Plan and the Retirement Plan
will be available for payment of this death benefit. 
  

	(b)	For an eligible Participant that is not a Commissioned Employee covered under Section 2.2, a single sum, equivalent to the full value of a Participant’s
undistributed non PRA/PLS Benefit on the date of the Participant’s death, (valued under Section 4A.6(a)), shall be paid to the Participant’s designated beneficiary if: 


 

	 	(i)	the Participant notifies the Committee in a request form in effect on the Election Date of his or her anticipated Retirement date, 


 

	 	(ii)	the Committee gives its consent to the payment of a Single Sum or Installment Payments for a Specific Period before the Distribution Date is reached,


  

	 	(iii)	the Participant agrees to defer Retirement at the Company’s written request, 


  
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	 	(iv)	the Distribution Date for payment of the Single Sum or Installment Payments for a Specific Period is deferred to the Participant’s Retirement date, and


  

	 	(v)	the Participant dies after such anticipated Retirement date but before Retirement. 

 In the absence of a designation by the Participant, the death benefit, under (a) or (b) immediately above, shall be paid to the Participant’s surviving spouse in a single sum. If the
Participant has no surviving spouse at the time of death, then the death benefit shall be paid to the Participant’s estate. 
 4A.6.
Valuation of Alternative Benefit  
  

	(a)	The actuarial equivalent value of the Single Sum shall be determined using the UP 84 Mortality Table, set forward one year for the Participant and set back four years
for the Participant’s spouse, (if applicable). If the Participant is Benefit Eligible at separation from service, then the Pension Benefit Guaranty Corporation immediate interest rate (“PBGC Rate”) used to calculate the Single Sum
shall be the lowest rate in effect in the 12 months prior to the Participant’s actual Retirement date If the Participant was not Benefit Eligible on December 31, 2004, then the PBGC Rate used to calculate the Single Sum shall be the
rate in effect in the month prior to the later of: 

  

	 	(i)	the Participant’s earliest Retirement date or 

  

	 	(ii)	the Participant’s actual Retirement date. 

  

	(b)	The actuarial equivalent benefit amount for the Installment Payments for a Specific Period will be determined by converting the Single Sum benefit amount, determined
under Article 4A.6(a). The interest rate basis for the immediate annuity purchase rates offered under the Metropolitan Savings and Investment Plan (“SIP Rate”) and its successors utilized in the calculation of installment payments will be
as follows: 

  

	 	(i)	If the Participant was Benefit Eligible on December 31, 2004, the SIP Rate is the highest rate in the month that had the lowest PBGC Rate out of the 12 months
prior to the Participant’s actual Retirement date. 

  

	 	(ii)	If the Participant was not Benefit Eligible on December 31, 2004, the SIP Rate is the rate in effect on the last day of the month prior to the later of:


  

	 	a.	the Participant’s earliest Retirement date, or 

  

	 	b.	the Participant’s actual Retirement date. 


4A.7. Interest on Deferred Installments  

A Benefit Eligible individual who elects to defer benefit payments under the terms of this Article 4A, shall receive interest from the date he/she
separates from service to the date that benefit payments commence. Interest will be calculated based on the entire amount that the Participant has deferred. Interest will be credited using the SIP Rate in effect on the Election Date and will be
compounded annually from the date of separation from 

  
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service to the date payments commence. The interest accrued prior to payment commencement will be added to the accrued Plan benefit to produce a total benefit amount. This total benefit amount
will be credited with the SIP Rate for the duration of the payment(s) and divided by the number of installment payments, if any, due under the Participant’s election to produce uniform payments under the Plan. This interest will be part of the
Participant’s 409A Benefit and will be paid in accordance with 409A. 
 4A.8. Power of Committee.  

The Committee shall have the discretionary power to make any and all administrative decisions regarding the election and payment of an Alternative
Distribution, including but not limited to, (i) the design and format of request forms, (ii) the approval or rejection of requests for an Alternative Distribution, (iii) the design and format of revocation forms and (iv) the
sending of notices. 
 Article 5. Unfunded Plan. 
 The Plan is completely unfunded. Except as obligations under this Plan have been undertaken pursuant to plans or other arrangements offered by another company, obligations under this Plan are obligations
of the Company. All obligations under this Plan are entirely separate from the Retirement Plan and any other plan. Participation in this Plan gives a Participant no right to any funds or assets of the Retirement Plan, or any other plan. The fact
that contracts or certificates may be distributed to recipients of benefits under the Retirement Plan in discharge of obligations thereunder shall in no way entitle a Participant in this Plan to receive any such contract or certificate in discharge
of obligations under this Plan. 
 Article 6. Non-transferability of Participant’s Interest  

With the exception of a valid court order determined by the Plan Administrator to be a QDRO, no Participant shall have any power or right to transfer,
assign, mortgage, commute or otherwise encumber any of the Plan benefits payable hereunder, nor shall such benefits be subject to seizure for the payment of any debts or judgments, or be transferable by operation of law in the event of bankruptcy,
insolvency or otherwise. 
 Article 7. Effect of Taxes  
 Payments under this Plan shall be made after withholding of any Federal, state or local income, employment or other taxes, legally obligated to be withheld. All tax liabilities arising out of benefits
under this Plan are the sole obligation of the Plan Participant(s) or his/her beneficiary, including but not limited to, any tax liabilities that may arise under section 409A. In the event that a Participant or beneficiary incurs greater tax burdens
from payments under this Plan (whether income, employment, estate or other tax burdens) than they would if such payments had been made from the Retirement Plan, neither the Company nor any other person shall have an obligation to reimburse the
Participant or beneficiary for such greater tax burdens. 

  
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 Article 8. Change of Control  
 8.1. Definitions. 
  

	(a)	Change of Control. For the purposes of this Plan, a “Change of Control” shall be deemed to have occurred if: 


 

	 	(i)	any Person acquires “beneficial ownership” (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)), directly or indirectly, of securities of the Corporation representing 25% or more of the combined Voting Power of the Corporation’s securities; 


 

	 	(ii)	within any 24-month period, the persons who were directors of the Corporation at the beginning of such period (the “Incumbent Directors”) shall cease to
constitute at least a majority of the Board of Directors of the Corporation (the “Board”) or the board of directors of any successor to the Corporation; provided, however, that any director elected or nominated for
election to the Board by a majority of the Incumbent Directors then still in office shall be deemed to be an Incumbent Director for purposes of this Section 8.1(a)(ii); 


 

	 	(iii)	the stockholders of the Corporation approve a merger, consolidation, share exchange, division, sale or other disposition of all or substantially all of the assets of
the Corporation which is consummated (a “Corporate Event”), and immediately following the consummation of which the stockholders of the Corporation immediately prior to such Corporate Event do not hold, directly or indirectly, a majority
of the Voting Power of (A) in the case of a merger or consolidation, the surviving or resulting corporation, (B) in the case of a share exchange, the acquiring corporation, or (C) in the case of a division or a sale or other
disposition of assets, each surviving, resulting or acquiring corporation which, immediately following the relevant Corporate Event, holds more than 25% of the consolidated assets of the Corporation immediately prior to such Corporate Event; or


  

	 	(iv)	any other event occurs which the Board declares to be a Change of Control. 


 

	(b)	Corporation. For the Purposes of this Article, “Corporation” means MetLife, Inc. 


 

	(c)	Person. For purposes of the definition of Change of Control, “Person” shall have the meaning ascribed to such term in section 3(a)(9) of the Exchange
Act, as supplemented by section 13(d)(3) of the Exchange Act, and shall include any group (within the meaning of Rule 13d-5(b) under the Exchange Act); provided, however, that “Person” shall not include (A) the
Corporation or any Affiliate, (B) the MetLife Policyholder Trust (or any person(s) who would otherwise be described herein solely by reason of having the power to control the voting of the shares held by that trust), or (C) any employee
benefit plan (including an employee stock ownership plan) sponsored by the Corporation, Company or any Affiliate. 


  
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	(d)	Voting Power. For purposes of the definition of Change of Control, “Voting Power” shall mean such number of Voting Securities as shall enable the
holders thereof to cast all the votes which could be cast in an annual election of directors of a company, and “Voting Securities” shall mean all securities entitling the holders thereof to vote in an annual election of directors of a
company. 

  

	(e)	Affiliate. For the purposes of this article, an “Affiliate” shall mean any corporation, partnership, limited liability company, trust or other entity
which directly, or indirectly through one or more intermediaries, controls, or is controlled by, the Corporation. 

  

	(f)	Cause. For the purposes of this article, “Cause” means either: 


 

	 	(i)	the Participant’s conviction or plea of nolo contendere to a felony, or, 


 

	 	(ii)	any act or acts of dishonesty or gross misconduct on the Participant’s part which results or is intended to result in material damage to the business or reputation
of the Company. 

  

	(g)	Good Reason. For the purposes of this article, “Good Reason” means any of: 


 

	 	(i)	any reduction by the Corporation or an Affiliate in the Participant’s base salary rate below the rate in effect immediately before the Change of Control;


  

	 	(ii)	any relocation by the Corporation or an Affiliate of the Participant’s usual base work location to any other office or location more than 50 miles from the
Participant’s usual base work location immediately prior to a Change of Control, or in a state other than the one in which the Participant performed his or her duties immediately prior to the Change of Control, in each case except for travel
reasonably required in the performance of the Participant’s responsibilities; 

  

	 	(iii)	if the Participant is a party to an Employment Continuation Agreement with the Corporation or an Affiliate, any circumstance or occurrence constituting “Good
Reason” under that Employment Continuation Agreement; 

  

	 	(iv)	the failure of the Corporation or an Affiliate to pay the Employee’s base salary or employee benefits as required by law. 


8.2. Vesting and Other Rights on and After a Change of Control Subject to Conditions  
 In the event that: 
  

	(a)	there is a Change of Control as defined in Section 8.1(a) of this Article, and, 


 

	(b)	on the date of the Change of Control or on a date before the second anniversary of the Change of Control, a Participant in this Plan: 


 

	 	(i)	is involuntarily terminated from employment by the Corporation or any Affiliate (other than directly in connection with a transfer of employment to or from the
Corporation or any Affiliate) without Cause, 


  
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 (ii)   voluntarily terminates employment with the Corporation or any Affiliate for
Good Reason, 
 then the Participant’s unvested benefits and rights accrued as of the Change of Control in each, the Retirement Plan and
this Plan, will vest immediately under this Plan, notwithstanding any other provision of the Retirement Plan or this Plan, or any amendment or termination of this Plan taking place on or after a Change of Control. 

These accrued benefits will be paid under this Plan according to the ordinary distribution rules of this Plan. The ordinary distribution
rules of this Plan are described in Article 4 and where applicable, Article 4A as they existed immediately prior to the Change of Control. If this Section 8.2 is triggered, a Participant under Section 2.2 does not have to obtain
Committee approval for an Alternate Distribution in the form of a Single Sum or Installment Payments for a Specific Period, to the extent that an Alternative Distribution is available to that Participant under 409A. 

Article 9. Interpretation of the Plan  
  

	(a)	The Committee is empowered to take all actions it deems appropriate in administering this Plan. Any Committee determination with respect to the meaning or application
of the provisions of the Plan shall be binding and conclusive. Benefits will be paid under this Plan only if the Committee determines in its discretion that the applicant is entitled to them. Once a Change of Control (as defined in Article 8)
has occurred, this subpart (a) of Article 9 shall no longer apply. 

  

	(b)	Claims for benefits and appeals of denied claims under the Plan shall be administered in accordance with section 503 of ERISA, the regulations thereunder (and any other
law that amends, supplements or supersedes said section of ERISA), and the procedures adopted by the Committee, as appropriate. The claims procedures referenced above are incorporated herein by reference. 


Article 10. Governing Law  
 To the
extent not inconsistent with Federal law, the validity of the Plan and its provisions shall be construed according to the laws of the State of New York. 
 Article 11. Amendment and Termination of Plan  
 11.1. Except to the extent prohibited
by law, the Committee may amend or terminate this Plan at any time without the consent of any Participant or of any other person. However, any such amendment or termination will not adversely affect the benefit entitlements of: 

 

	(a)	any Participant receiving benefits under this Plan at or prior to the time of such amendment or termination, or, 


  
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	(b)	any Employee who is a Participant in the Retirement Plan to the extent of the present value of his/her accrued benefit under this Plan prior to the time of such
amendment or termination. 

 However, amendments may be made to all other aspects of this Plan consistent with section 409A,
including, but not limited to: 
  

	 	(i)	amendments impacting the timing under which the Participant’s entire accrued benefit is paid, or, 


 

	 	(ii)	amendments impacting the optional forms of benefit available for payment of the Participant’s entire accrued benefit. 


Notwithstanding the above, any amendment or group of amendments made effective on the same date, which would increase or decrease the annual cost of Plan
benefits for active Plan Participants and former Plan Participants by ten million dollars or more in the aggregate, as determined in good faith by the Committee, shall be effective only if authorized or ratified by the Board of Directors of the
Company. 
 11.2. 
  

	(a)	Notwithstanding the provisions of Section 11.1 above, or any other provision of this Plan, on or after a Change of Control (as defined in Article 8), no
amendments can be made to Article 8, Article 9 or Section 11.2 of Article 11 of this Plan; and 

  

	(b)	Participants who: 

  

	 	(i)	accrued rights or benefits under this Plan prior to a Change of Control (as defined in Article 8), and, 


 

	 	(ii)	whose rights or benefits are not vested at the time of the Change of Control 

 cannot have the vesting schedule under Article 3, applicable on the day prior to the Change of Control, amended with regard to such rights or benefits. The Company may not wrongfully deny
Participants the opportunity to vest in rights or benefits accrued prior to a Change of Control under this Plan. 
  

			
	METROPOLITAN LIFE INSURANCE COMPANY
		
	Date:	 	 December 21, 2007

		
	By:	 	 /s/ Margery Brittain



  
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