Document:

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       THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES
     THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

                  MetLife Leadership Deferred Compensation Plan
  (effective with respect to salary and Cash Incentive Compensation January 1,
          2005, and with respect to Stock Compensation April 15, 2005)

1.    Purpose. The purpose of the Plan is to provide an opportunity for
      Participants to delay receipt of certain compensation until a later date,
      at which time payment of the compensation will be made after adjustment
      for the simulated investment experience of such compensation from date of
      deferral.

2.    Plan Administration.

      2.1.  The Plan Administrator shall administer the Plan.

      2.2.  The Plan Administrator may establish, amend, and rescind rules and
            regulations relating to the Plan, provide for conditions necessary
            or advisable to protect the interest of the MetLife Companies,
            construe all communications related to the Plan, and make all other
            determinations it deems necessary or advisable for the
            administration and interpretation of the Plan. The Plan
            Administrator may conform any provision of this Plan to the extent
            such provision is inconsistent with Legal Deferral Requirements.

      2.3.  Determinations, interpretations, and other actions made by the Plan
            Administrator shall be final, binding, and conclusive for all
            purposes and upon all individuals.

      2.4.  The Plan Administrator may prescribe forms as the sole and exclusive
            means for Participants to take actions authorized or allowed under
            the Plan. The Plan Administrator may issue communications to
            Eligible Associates and Participants as it deems necessary or
            appropriate in connection with the Plan (including but not limited
            to communications explaining the risks and potential benefits of the
            Investment Tracking Funds). Subject to the provisions of Section 20,
            the Plan Administrator may, in its sole discretion, adjust the value
            of Deferred Compensation Accounts on a basis other than as
            prescribed in Deferral Elections or Reallocation Elections,
            including but not limited to the use of Investment Tracking Funds
            other than those selected by the Participant.

      2.5.  Except to the extent prohibited by law, communication by the Plan
            Administrator (and by an Eligible Associate or Participant to the
            extent authorized by the Plan Administrator) of any document or
            writing, including any document or writing that must be executed by
            a party, may be in an electronic form of communication.

      2.6.  The Plan Administrator may appoint such agents, who may be officers
            or employees of a MetLife Company, as it deems necessary or
            appropriate to assist it in administering the Plan and may grant
            authority to such agents to execute documents and take action on its
            behalf. The Plan Administrator may consult such legal counsel,
            consultants, or other professional as it deems desirable and may
            rely on any opinion

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            received from any such professional or from its agent. All expenses
            incurred in the administration of the Plan shall be paid by one or
            more of the MetLife Companies.

3.    Eligibility to Participate. Each Eligible Associate shall be eligible to
      participate in this Plan; provided, however, that unless the Plan
      Administrator determines otherwise, no otherwise Eligible Associate who,
      at the individual's election or request, receives an accelerated payment
      pursuant to the terms of any non-qualified deferred compensation plan in
      which the individual participated by virtue of employment with any MetLife
      Company shall be eligible to participate in this Plan with regard to
      Compensation payable in any calendar year prior to the calendar year next
      beginning after the third anniversary of such payment is made.

4.    Deferral Elections.

      4.1.  At such times as are determined by the Plan Administrator, each
            Eligible Associate may complete and submit to the Plan Administrator
            a Deferral Election applicable to the Eligible Associate's
            Compensation payable for services performed in such periods
            following the date of the Deferral Election (or other such periods
            consistent with Legal Deferral Requirements) determined by the Plan
            Administrator. Within thirty (30) days after attaining the status of
            Eligible Associate in his or her first calendar year as an Officer
            or 090 Employee, such Eligible Associate may complete and submit to
            the Plan Administrator a Deferral Election applicable to the
            Eligible Associate's Compensation payable for services in the
            current calendar year or other periods following the date of the
            Deferral Election (or other such periods consistent with Legal
            Deferral Requirements) determined by the Plan Administrator. The
            Plan Administrator shall prescribe the form(s) of Deferral Election.

      4.2.  The Plan Administrator may offer an Eligible Participant the
            opportunity to indicate each or any of the following, either
            separately or in combination, in a Deferral Election: (a) the
            percentage, in increments of 5%, or maximum dollar amount of salary
            (which, for greater clarity, shall not include any payments under
            any such plans contingent on a separation agreement, release, or
            similar agreement) that would otherwise be paid the receipt of which
            the Eligible Associate wishes to defer into a Deferred Cash
            Compensation Account, which shall be no greater than 75% of salary;
            (b) the percentage, in increments of 5%, or (except for payments
            under the Long Term Performance Compensation Plan, International
            Long Term Performance Compensation Plan, or payments to an 090
            Employee) maximum dollar amount of Cash Incentive Compensation, by
            plan under which such Compensation may be payable, that would
            otherwise be paid the receipt of which the Eligible Associate wishes
            to defer into a Deferred Cash Compensation Account (provided,
            however, that if the Participant expresses a maximum dollar amount
            of Cash Incentive Compensation for deferral and the amount of Cash
            Incentive Compensation actually payable to the Participant is less
            than the maximum dollar amount specified, the Deferral Election
            shall be deemed to apply to the full amount of the Cash Incentive
            Compensation); (c) the percentage, in increments of 5%, of Stock
            Compensation that would otherwise be paid the receipt of which the
            Eligible Associate wishes to defer into a Deferred Stock
            Compensation Account; (d) the percentage, in increments of 5%, of
            cash payments under the Long Term Performance Compensation Plan
            which the Eligible Associate wishes to defer into a Deferred Stock
            Compensation Account;

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            (e) the Investment Tracking Fund(s) which the Eligible Participant
            selects to adjust the value of the Deferred Cash Compensation
            Account and the value of the Matching Contribution Account, in
            increments of 5%; (f) the date on which the Eligible Participant
            wishes the payment of the Deferred Stock Compensation Account to
            begin; (g) the date on which the Eligible Participant wishes the
            payment of the Deferred Cash Compensation Account and Matching
            Contribution Account to begin; (h) whether the Deferred Compensation
            Accounts are to be paid in a single lump sum or annual installments;
            and (i) if the Deferred Compensation Accounts are to be paid in
            annual installments, the number (not to exceed fifteen (15)) of such
            installments. If, upon Employment Discontinuance (or upon the
            conclusion of the Participant's receipt of severance payments), the
            Participant is Retirement Eligible or will be deemed to be
            Retirement Eligible upon attaining age 55, the Participant's
            elections regarding Cash Incentive Compensation and/or Deferred
            Stock Compensation shall be applied to any such compensation
            otherwise payable after the Participant's Employment Discontinuance.

      4.3.  Each Deferral Election that specifies any deferral of salary in
            terms of a maximum dollar amount rather than in percentage terms
            must specify deferral of at least two hundred dollars ($200) of
            salary per pay period. Each Deferral Election that specifies any
            deferral of Cash Incentive Compensation in terms of a maximum dollar
            amount rather than in percentage terms must specify deferral of at
            least five thousand dollars ($5,000) of Cash Incentive Compensation
            per year.

      4.4.  Each Deferral Election shall indicate the date(s) on which the
            Eligible Associate wishes the payment of a Deferred Compensation
            Account to begin by indicating either: (a) a single date certain
            that is no earlier than January 1 of the calendar year following the
            calendar year in which the third anniversary of the latest date any
            Compensation subject to the Deferral Election would have otherwise
            been paid; or (b) the date of the Eligible Associate's termination
            of employment when Retirement Eligible.

      4.5.  The Plan Administrator may, in its discretion, reject and/or reform
            any Deferral Election, in whole or in part, due to (a) inconsistency
            of the Deferral Election with this Section 4; (b) inconsistency of
            the Deferral Election with employer compliance with legal
            requirements (including those regarding sufficient tax withholding
            and those regarding payroll taxation for FICA or otherwise); (c)
            inconsistency of the Deferral Election with requirements for
            employee contributions or premium payments from compensation under
            the terms of any plan; (d) inconsistency of the Deferral Election
            with Legal Deferral Requirements; or (e) any other lawful basis.

      4.6.  Notwithstanding any other provisions of this Plan, no Compensation
            payable to a Participant less than one-hundred eighty (180) days
            after the first day of the second calendar month following a
            hardship payment to the Participant under SIP or other qualified
            deferred compensation plan in which the individual participates by
            virtue of employment with any MetLife Company shall be deferred
            under this Plan.

      4.7.  No election by an Eligible Associate of the percentage of cash
            payments under the Long Term Performance Compensation Plan which the
            Eligible Associate wishes to

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            defer into a Deferred Stock Compensation Account under Section
            4.2(d) shall be made in violation of the Insider Trading Policy
            promulgated by MetLife, Inc. or an Affiliate. To the extent such an
            election is in violation of that policy, the amount of cash payments
            under the Long Term Performance Compensation Plan which the Eligible
            Associate specified for deferral into a Deferred Stock Compensation
            Account shall instead be deferred as Cash Incentive Compensation
            into a Deferred Cash Compensation Account.

5.    Investment Tracking.

      5.1.  Except as provided in Sections 2.4 and 5.2 of this Plan, the value
            of each Participant's Deferred Cash Compensation Account and
            Matching Contribution Account shall be adjusted to reflect the
            simulated investment performance on a Total Return Basis using the
            Investment Tracking Funds described in Sections 6.2 and 6.3 selected
            by the Participant for purposes of such valuation in the Deferral
            Election, and those selected by the Participant in subsequent
            Reallocation Elections, on the same basis as if the value of such
            Deferred Compensation Accounts had been invested in such Investment
            Tracking Funds for such period(s) of time determined by the Deferral
            Election and any Reallocation Election until it is payable.

      5.2.  Except as provided in Section 2.4 of this Plan, the value of a
            Participant's Deferred Stock Compensation Account, and only the
            value of such Deferred Stock Compensation Account, shall be adjusted
            using the MetLife Deferred Shares Fund as provided in Section 6.1 of
            this Plan, on the same basis as if the Participant had invested in
            the number of shares of MetLife Stock constituting such deferred
            Stock Compensation (on a Total Return Basis) for such period(s) of
            time determined by the Deferral Election until it is payable.

      5.3.  The number of shares of MetLife Stock represented by cash payments
            under the Long Term Performance Compensation Plan deferred into a
            Deferred Stock Compensation Account pursuant to the terms of Section
            4.2(d) of this Plan shall be initially determined by dividing the
            amount of the cash payment deferred by the Fair Market Value of the
            MetLife Stock on the date such payment was granted to the
            Participant under the terms of the Long Term Performance
            Compensation Plan, and shall thereafter be subject to Investment
            Tracking on the same terms as the balance of the Deferred Stock
            Compensation Account under Section 5.2 of this Plan.

6.    Investment Tracking Funds. The methods of Investment Tracking described in
      this Section 6 shall be available for Deferral Elections and Reallocation
      Elections. If this Section 6 is amended, the Plan Administrator may
      require the Participant to make an appropriate change in the Participant's
      Investment Tracking or may unilaterally impose a method of Investment
      Tracking with regard to such parts of a Participant's Deferred
      Compensation Accounts affected by that amendment.

      6.1.  MetLife Deferred Shares Fund. Subject to Section 14.5 of this Plan,
            value tracked in the MetLife Deferred Shares Fund shall be accounted
            in number of tracking shares equal to the number of shares of
            MetLife Stock deferred and adjusted to simulate the effect of each
            and any of the following on the Stock Compensation had it been paid
            in MetLife Stock: (a) dividend; (b) stock dividend; (c) stock split;
            (d) MetLife, Inc.

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            recapitalization (including, but not limited, to the payment of an
            extraordinary dividend), (e) merger, consolidation, combination, or
            spin-off affecting MetLife, Inc. capitalization; (f) distribution of
            MetLife, Inc. assets to holders of MetLife Stock (other than
            ordinary cash dividends); (g) exchange of shares, or (h) other
            similar corporate change. Unless otherwise determined by the Plan
            Administrator, only the value of a Participant's Deferred Stock
            Compensation Account may be tracked in the MetLife Deferred Shares
            Fund.

      6.2.  Actively managed funds: Investment Tracking according to the changes
            in value of shares or units, as applicable, and simulated reinvested
            dividends and other distributions to share/accountholders in:

         6.2.1.   MetLife SIP Fixed Income Fund

         6.2.2.   Lord Abbett Bond Debenture Fund

         6.2.3.   Oakmark Fund (R)

         6.2.4.   MetLife SIP Small Company Stock Fund

         6.2.5.   Oakmark International Fund

      6.3.  Market index funds: Investment Tracking according to the changes in
            value of the:

         6.3.1.   S&P 500 (R) Index

         6.3.2.   Russell 2000 (R) Index

         6.3.3.   Nasdaq Composite (R) Index

         6.3.4.   MSCI-EAFE (R) Index

         6.3.5.   Lehman Brothers (R) Aggregate Bond Index

         6.3.6.   Merrill Lynch US High Yield Master II Index

         6.3.7.   MSCI Emerging Markets Index (sm)

7.    Reallocation Elections.

      7.1.  The Participant may change the Investment Tracking Funds used to
            adjust either (a) the value of new contributions to his/her Deferred
            Cash Compensation Account and credits to his/her Matching
            Contribution Account, from the date(s) Compensation is deferred
            rather than paid and any Matching Contributions are credited, as the
            case may be; and/or (b) the value of the Participant's existing
            Deferred Cash Compensation Account and Matching Contribution
            Account.

      7.2.  Unless otherwise determined by the Plan Administrator, a
            Reallocation Election shall be effective on the date it is received
            by the Plan Administrator, or on the following business day if it is
            received by the Plan Administrator at a time when the Plan
            Administrator determines it is not practicable or convenient to the
            operation of the Plan to apply such Reallocation Election on the
            date it is received. The number of Reallocation Elections by a
            Participant regarding each of items (a) and (b) of Section 7.1,
            respectively, shall not exceed six (6) in any calendar year.

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8.    Matching Contribution. If a Participant makes contributions to SIP
      throughout a calendar year, the Participant's Matching Contribution
      Account shall be credited with the amount of matching contributions (if
      any) with which the Participant's SIP account would have been credited
      under the terms and provisions of such plan, in each case with relation to
      deferred Compensation in that calendar year had the Compensation not been
      deferred. Notwithstanding the foregoing, no Matching Contributions shall
      be credited in favor of a Participant during the suspension of such
      Participant's deferrals pursuant to Section 4.6 of this Plan.

9.    Beneficiary Designation. The Plan Administrator shall prescribe the form
      by which each Eligible Associate and Participant may designate a
      beneficiary or beneficiaries (who may be named contingently or
      successively, and among whom payments received under this Plan may be
      split as indicated by the individual) for purposes of receiving payment of
      Deferred Compensation Accounts under this Plan after the death of such
      individual. Each designation will be effective only upon its receipt by
      the Plan Administrator during the life of the individual making the
      designation and shall revoke all prior beneficiary designations by that
      individual related to this Plan. Beneficiary designations submitted by an
      Eligible Associate or Participant pursuant to the terms of the MetLife
      Deferred Compensation Plan for Officers or MetLife Individual Business
      Special Deferred Compensation Plan during or prior to 2004 shall be
      effective for purposes of this Plan.

10.   Payment of Deferred Compensation Accounts.

      10.1. Amount. Except as provided in Section 2.4 of this Plan, the amount
            of payment(s) of each Deferred Compensation Account shall reflect
            the value of those Deferred Compensation Accounts through the date
            each payment of Deferred Compensation Accounts is payable, as
            adjusted for Investment Tracking. If payment of Deferred
            Compensation Accounts is to be made in installments, then (a) the
            amount of each installment payment from either a Deferred Cash
            Compensation Account and Matching Contribution Account will be
            determined by dividing the value of each of the Deferred
            Compensation Accounts at the time the payment is due by the
            remaining number of installments in which the Deferred Cash
            Compensation Account or Matching Contribution Account, respectively,
            is to be paid, and (b) the amount of each installment payment from a
            Deferred Stock Compensation Account will be determined by dividing
            the number of tracking shares (each equal to a share of MetLife
            Stock) in the Deferred Compensation Accounts at the time the payment
            is due by the remaining installments in which the Deferred Stock
            Compensation Account is to be paid, and disregarding any fraction of
            a tracking share remaining until the last such installment payment.

      10.2. Form. Except as provided in Section 14.5 of this Plan, payment of a
            Participant's Deferred Stock Compensation Account shall be made in
            the form of shares of MetLife Stock. The form of payment of all
            other Deferred Compensation Accounts shall be cash.

      10.3. Timing and Number of Payments.

         10.3.1.  If a Participant dies on any date prior to completion of all
                  payments from a Participant's Deferred Compensation Accounts,
                  the unpaid portions of the

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                  Participant's Deferred Compensation Accounts shall become
                  immediately payable in a lump sum.

         10.3.2.  If the date on which payment of a Participant's Deferred
                  Compensation Accounts is to begin, as specified in the
                  Participant's Deferral Election, occurs prior to the
                  Participant's Employment Discontinuance, then the
                  Participant's Deferred Compensation Accounts shall be payable
                  beginning on the date determined by the Participant's Deferral
                  Election and in the number of payments determined by the
                  Participant's Deferral Election; provided, however, that if
                  the Participant's Employment Discontinuance occurs prior to
                  the completion of all such payments, then all remaining
                  Deferred Compensation Accounts shall be immediately payable in
                  a lump sum (except that, in the case of a Key Employee, all
                  remaining Deferred Compensation Accounts shall be payable six
                  (6) months following Employment Discontinuance).

         10.3.3.  If the date on which payment of a Participant's Deferred
                  Compensation Accounts is to begin, as specified in the
                  Participant's Deferral Election, has not occurred prior to the
                  Participant's Employment Discontinuance, and Participant is
                  Retirement Eligible upon Employment Discontinuance (or upon
                  the conclusion of the Participant's receipt of severance
                  payments), then the Participant's Deferred Compensation
                  Accounts shall be payable beginning on the date determined by
                  the Participant's Deferral Election and in the number of
                  payments determined by the Participant's Deferral Election
                  (except that, in the case of a Key Employee who specified
                  payment upon termination of employment when Retirement
                  Eligible, payment of Deferred Compensation Accounts shall be
                  payable six (6) months following Employment Discontinuance).

         10.3.4.  If the date on which payment of a Participant's Deferred
                  Compensation Accounts is to begin, as specified in the
                  Participant's Deferral Election, has not yet occurred prior to
                  the Participant's Employment Discontinuance, and the
                  Participant (a) is not Retirement Eligible upon Employment
                  Discontinuance; (b) is, at Employment Discontinuance, eligible
                  to participate in a severance plan offered by a MetLife
                  Company; and (c) either will be deemed to be Retirement
                  Eligible upon attaining age 55 or whose benefit under the
                  Retirement Plan is otherwise determined with reference to the
                  reduction factors for commencing benefit payments prior to
                  normal retirement age applicable to Retirement Plan
                  participants with twenty (20) or more years of service, then
                  the Participant's Deferred Compensation Accounts shall be
                  payable and in the number of payments determined by the
                  Participant's Deferral Election beginning on the date
                  determined by the Participant's Deferral Election; provided,
                  however, that if the Participant's Deferral Election specified
                  payment upon termination of employment when Retirement
                  Eligible then the Participant's Deferred Compensation Accounts
                  shall be payable upon the Participant's Employment
                  Discontinuance (except that, in the case of a Key Employee,
                  all Deferred Compensation Accounts shall be payable six (6)
                  months following Employment Discontinuance).

         10.3.5.  If the date on which payment of a Participant's Deferred
                  Compensation Accounts is to begin, as specified in the
                  Participant's Deferral Election, has not occurred prior to the
                  Participant's Employment Discontinuance, and neither Sections
                  10.3.3

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                  nor 10.3.4 applies to the Participant, then the Participant's
                  Deferred Compensation Accounts shall be payable in a lump sum
                  upon the Participant's Employment Discontinuance,
                  notwithstanding the Participant's Deferral Election (except
                  that, in the case of a Key Employee, all Deferred Compensation
                  Accounts shall be payable six (6) months following Employment
                  Discontinuance).

         10.3.6.  If, consistent with the terms of Section 10 other than this
                  Section 10.3.6, the Participant's Deferral Election applies to
                  Cash Incentive Compensation or Stock Compensation payable
                  after the Participant's Employment Discontinuance, then the
                  Participant's Deferred Compensation Accounts shall be payable
                  beginning on the date determined by the Participant's Deferral
                  Election and in the number of payments determined by the
                  Participant's Deferral Election.

         10.3.7.  Notwithstanding any of the other terms of this Section 10.3,
                  distribution of amounts from a Participant's Matching
                  Contribution Account shall not be made beginning on any date
                  earlier than the date on which payments of Matching
                  Contributions could have been payable under the terms of SIP.
                  To the extent that the Participant's Matching Contribution
                  Account is not payable on the earliest date(s) that the
                  Participant's other Deferred Compensation Accounts become
                  payable, in each case by virtue of this Section 10.3.7, the
                  Matching Contribution Account shall be paid in a lump sum.

         10.3.8.  Notwithstanding any of the other terms of this Section 10.3,
                  except Section 10.3.7, to the extent a Participant's Deferred
                  Compensation Accounts are payable pursuant to Section 12,
                  Section 13, or Section 14 of this Plan, payment shall be made
                  in a single lump sum.

         10.3.9.  Notwithstanding any of the other terms of this Section 10.3,
                  if a Participant's Deferred Compensation Accounts are
                  otherwise payable upon Employment Discontinuance (or, in the
                  case of a Key Employee, the date six (6) months following
                  Employment Discontinuance), but as of that date the
                  Participant has been offered severance pay, then the
                  Participant's Deferred Compensation Accounts shall be payable
                  upon the later of (x) the Participant's date of Employment
                  Discontinuance (in the case of a Key Employee, the date six
                  (6) months following Employment Discontinuance) and (y) the
                  date the final severance payment is made to the Participant by
                  a MetLife Company or an Affiliate. Notwithstanding the
                  foregoing, if this Section 10.3.9 applies, the Plan
                  Administrator may, in its sole discretion, determine that the
                  Deferred Compensation Accounts are payable on any date after
                  the Participant's date of Employment Discontinuance (in the
                  case of a Key Employee, the date six (6) months following
                  Employment Discontinuance).

         10.3.10. Payment(s) of a Participant's Deferred Compensation Accounts
                  shall be made as soon as practicable after they are payable,
                  as determined by the Plan Administrator.

         10.3.11. Notwithstanding any other terms of this Plan, no payment of
                  any Deferred Compensation Account shall be made at a time
                  inconsistent with Legal Deferral Requirements.

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      10.4. To Whom Paid. Except as otherwise provided in this Section 10.4 of
            this Plan, all payments of a Participant's Deferred Compensation
            Accounts will be made to the Participant. If a Participant dies on
            any date prior to the date of the completion of all such payments,
            all unpaid value in the Participant's Deferred Compensation Accounts
            shall be paid to the beneficiary designated for that purpose by the
            Participant. If the Participant's designated beneficiary has not
            survived the Participant, or the Participant has designated no
            beneficiary for purposes of this Plan, such payment will be made to
            the Participant's surviving spouse, if any, or if the Participant
            has no surviving spouse to the Participant's estate.

      10.5. Withholding. Withholding of taxes and other items required by law
            shall be made from each payment of a Participant's Deferred
            Compensation Account or from other payments due to the Participant
            from MetLife, Inc., any MetLife Company, or any Affiliate.

11.   Loans and Assignments. The Plan shall make no loan, including any loan on
      account of any Deferred Compensation Account, to any Participant or any
      other person nor permit any Deferred Compensation Account to serve as the
      basis or security for any loan to any Participant or any other person. No
      Participant or any other person may sell, assign, transfer, pledge,
      commute, or encumber any Deferred Compensation Account or any other rights
      under this Plan.

12.   Hardship Accommodations.

      12.1. Upon the written request of an Eligible Associate or Participant,
            the Plan Administrator may, in its sole discretion and in light of
            any facts or considerations it deems appropriate, find that the
            Eligible Associate or Participant has suffered an Unforeseeable
            Emergency. In light of such a finding, the Plan Administrator may,
            to the extent the Plan Administrator determines necessary for the
            Eligible Associate or Participant to address the Unforeseeable
            Emergency, (a) suspend the deferral of receipt of Compensation by
            the Eligible Associate or Participant pursuant to a Deferral
            Election; and/or (b) to the extent the Plan Administrator finds, in
            its sole discretion, that such a suspension of deferral is
            insufficient to address the Participant's Unforeseeable Emergency,
            make payment of all or a portion of the Participant's Deferred
            Compensation Accounts. The Plan Administrator shall provide the
            Eligible Associate or Participant with written notice of its
            determinations in response to the Eligible Associate's or
            Participant's request.

      12.2. The total amount of deferrals suspended or payment advanced shall
            not exceed the amount necessary to satisfy the financial
            consequences of the Unforeseeable Emergency and amounts equal to the
            withholding required by Section 10.5, and shall not exceed the total
            value of the Deferred Compensation Accounts under the Plan. No
            accommodation pursuant to this Section 12 shall be implemented in
            manner or at a time when prohibited or punishable by any applicable
            MetLife Company policy or law, including but not limited to law
            regarding trading of securities on inside information and the
            exemptions therefrom.

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      12.3. If the Eligible Associate or Participant participates in any other
            deferred compensation plan by virtue of employment with any MetLife
            Company, the Plan Administrator may coordinate the operation of this
            Section 12 with the operation or similar provisions of any such
            other plan, including but not limited to reducing the value of
            deferrals in ascending order of the value of deferrals in each plan
            beginning with the plan in which the individual's deferrals have the
            lowest value.

      12.4. In the event that a payment from the Participant's Deferred
            Compensation Accounts is made pursuant to this Section 12, (a) the
            value of the Participant's Deferred Cash Compensation Account shall
            be reduced, and (b) if the reduction in the value of the
            Participant's Deferred Cash Compensation Account is less than the
            payment made, the Plan Administrator may in its sole discretion
            reduce the value of the Participant's Matching Contribution Account
            and/or Deferred Stock Compensation Account, in amounts determined by
            the Plan Administrator in its discretion, equal to a total reduction
            equal to the difference between the payments made and the value by
            which the Participant's Deferred Cash Compensation Account was
            reduced.

      12.5. To the extent that the value of the Participant's Deferred Cash
            Compensation Account or Matching Contribution Account is reduced,
            the value tracked according to each Investment Tracking Fund shall
            be reduced proportionate to the total value of the Deferred Cash
            Compensation Account or Matching Contribution Account, respectively,
            being tracked in that Investment Tracking Fund.

13.   Unilateral Payment. In those circumstances permitted by law consistent
      with Legal Deferral Requirements, the Plan Administrator may, in its
      discretion, and regardless of the Participant's wishes, pay a Participant
      the value of the Participant's Deferred Compensation Accounts in whole or
      in part. No payment pursuant to this Section 13 shall be made in manner or
      at a time when prohibited or punishable by any applicable MetLife Company
      policy or law, including but not limited to law regarding trading of
      securities on inside information and the exemptions therefrom.

14.   Change of Control.

      14.1. The Plan Administrator shall transmit to each Eligible Associate
            communications and documents necessary for each Participant to
            complete a Change of Control Election applicable to the
            Participant's Deferred Compensation Accounts.

      14.2. Each Change of Control Election shall indicate whether the
            Participant wishes payment of Deferred Compensation Accounts to be
            made under the circumstances described in Section 14.4 of this Plan.

      14.3. Upon the occurrence of a Change of Control, Section 2.3 of this Plan
            shall no longer be applicable to any rights, including accrued
            Deferred Compensation Accounts, existing in favor of any Participant
            as of the date before the Change of Control.

      14.4. A Deferred Compensation Account shall be due to the Participant
            having elected such payment upon the occurrence of:

         14.4.1.  a Change of Control; and

                                       10
<PAGE>

         14.4.2.  the Participant's Employment Discontinuance:

            14.4.2.1.   on or after the Change of Control;

            14.4.2.2.   before the second anniversary of the Change of Control;

            14.4.2.3.   on or after the first anniversary of the date of the
                        Participant's Change of Control Election; and

            14.4.2.4.   prior to the last anniversary before the date the
                        Participant indicated the Participant wished payment of
                        that Deferred Compensation Account to begin (where the
                        Participant indicated a specific date rather than
                        Employment Discontinuance when Retirement Eligible).

      14.5. If payment is due to a Participant pursuant to this Section 14, such
            payment will be due in a lump sum immediately, except that in the
            case of a Key Employee such payment will be made six (6) months
            following Employment Discontinuance.

      14.6. Upon a Change of Control, the value of a Participant's Deferred
            Stock Compensation Account shall immediately be determined using the
            Change of Control Value price of MetLife Stock on the date of the
            Change of Control. Thereafter, in the event that Section 14.4 does
            not apply to the Participant's Deferred Stock Compensation Account,
            the value of the Participant's Deferred Stock Compensation Account
            shall be adjusted, and the form of payment of the Deferred Stock
            Compensation Account shall be in a form, each as determined prior to
            the Change of Control by the Plan Administrator on a basis the Plan
            Administrator determines is reasonable in light of the Change of
            Control. If the Plan Administrator makes no determination pursuant
            to the foregoing prior to the Change of Control, after a Change of
            Control the value of the Participant's Deferred Stock Compensation
            Account shall be adjusted, and the form of payment of the Deferred
            Stock Compensation Account shall be in a form, each on a basis as is
            selected by the Participant from among the same alternatives
            available at the time to the Participant with regard to the Deferred
            Cash Compensation Account.

15.   Nature of Liability. All Deferred Compensation Accounts accrued under this
      Plan are unsecured obligations of MetLife, Inc. and any successor thereto,
      and are neither obligations, debts, nor liabilities of any other entity or
      party. This Plan and the liabilities created hereunder are unfunded.
      Investment Tracking, any other means for adjusting the value of Deferred
      Compensation Accounts, and any communication or documentation regarding
      this Plan or any Participant's Deferred Compensation Accounts are for
      recordkeeping purposes only and do not create any right, property,
      security, or interest in any assets of MetLife, Inc. or any other party.
      All Deferred Compensation Accounts accrued under this Plan are subject to
      the claims of general creditors of MetLife, Inc. Notwithstanding the
      foregoing, if any MetLife Company employing a Participant ceases to be an
      Affiliate, the Plan Administrator may determine on or before the date of
      the transaction in which the MetLife Company ceased to be an Affiliate (or
      afterward, with the consent of an officer of MetLife, Inc.), that the
      liabilities associated with some or all of the employees of that MetLife
      Company who are

                                       11
<PAGE>

      Participants shall transfer from MetLife, Inc. to that MetLife Company as
      of the date that MetLife Company ceases or ceased to be an Affiliate.

16.   No Guarantee of Employment; No Limitation on Employer Action. Nothing in
      this Plan shall interfere with or limit in any way the right of any
      employer to establish the terms and conditions of employment of any
      individual, including but not limited to compensation and benefits, or to
      terminate the employment of any individual, nor confer on any individual
      the right to continue in the employ of any employer. Nothing in this Plan
      shall limit the right of any employer to establish any other compensation
      or benefit plan. No Deferred Compensation Account shall be treated as
      compensation for purposes of a Participant's right under any other plan,
      policy, or program, except as stated or provided in such plan, policy, or
      program. Nothing in this Plan shall be construed to limit, impair, or
      otherwise affect the right of any entity to make adjustments,
      reorganizations, or changes to its capital or business structure, or to
      merge, consolidate, dissolve, liquidate, sell, or transfer all or any part
      of its business or assets.

17.   Term of Plan. This Plan shall be effective with regard to salary and Cash
      Incentive Compensation payable on and after January 1, 2005 and with
      regard to Stock Compensation payable on and after April 15, 2005, if and
      as approved by the Board of Directors of MetLife, Inc., and shall continue
      in effect unless and until it is terminated pursuant to its terms. The
      Plan Administrator may solicit and receive Deferral Elections prior to the
      dates this Plan is effective.

18.   Governing Law. The Plan shall be construed in accordance with and governed
      by New York law, without regard to principles of conflict of laws.

19.   Entire Plan; Third Party Beneficiaries. This Plan document is the entire
      expression of the Plan, and no other oral or written communication, other
      than documents authorized under this Plan and fulfilling its express
      terms, shall determine the terms of the Plan or the terms of any agreement
      between an Eligible Associate or Participant and a MetLife Company with
      regard to the Plan or Deferred Compensation Accounts. There are no third
      party beneficiaries to this Plan, other than Participants' respective
      beneficiaries designated under the terms of this Plan.

20.   Amendment and Termination. Except to the extent otherwise required by law,
      the Plan Administrator may amend, modify, suspend, or terminate this Plan
      at any time. Any such amendment or termination will not reduce the amount
      in Deferred Compensation Accounts accrued under this Plan prior to the
      execution of such amendment or termination. For further clarification,
      except as stated in the sentence above (or as provided in Section 14),
      amendments may otherwise be made to any and all provisions of the Plan,
      including but not limited to amendments affecting the time of distribution
      of Deferred Compensation Accounts, affecting forms of distribution of
      Deferred Compensation Accounts, or affecting any of the Investment
      Tracking Funds or any other means for adjusting the value of Deferred
      Compensation Accounts.

21.   Qualified Domestic Relations Orders. The Plan Administrator will
      distribute, designate, or otherwise recognize the attachment of any
      portion of a Participant's Deferred Compensation

                                       12
<PAGE>

      Accounts in favor of the Participant's spouse, former spouse or dependents
      to the extent such action is mandated by the terms of a qualified domestic
      relations order as defined in Section 414(p) of the Code.

22.   Definitions. Capitalized terms in this Plan, and their forms, shall have
      the following meanings:

      22.1. "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, MetLife, Inc.

      22.2. "Cash Incentive Compensation" shall mean compensation payable in the
            form of cash under the MetLife Annual Variable Incentive
            Compensation Plan, the Institutional Regional Executive Plan, the
            International Long Term Performance Compensation Plan, the Long Term
            Performance Compensation Plan (and, in the case of each incentive
            compensation plan, any successor plan(s)), or payments of the nature
            of incentive compensation to an 090 Employee, but (for greater
            clarity) shall not include any payments in lieu of compensation
            payable under any such plans contingent on a separation agreement,
            release, or similar agreement.

      22.3. "Change of Control" shall mean the occurrence of any of:

         22.3.1.  any Person acquires "beneficial ownership" (within the meaning
                  of Rule 13d-3 under the Securities Exchange Act of 1934, as
                  amended ("Exchange Act")), directly or indirectly, of
                  securities of MetLife, Inc. representing 25% or more of the
                  combined Voting Power of MetLife, Inc.'s securities;

         22.3.2.  within any 24-month period, the persons who were directors of
                  MetLife, Inc. at the beginning of such period (the "Incumbent
                  Directors") shall cease to constitute at least a majority of
                  the Board of Directors of MetLife, Inc. (the "Board") or the
                  board of directors of any successor to MetLife, Inc.;
                  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 subsection 22.3.2;

         22.3.3.  the stockholders of MetLife, Inc. approve a merger,
                  consolidation, share exchange, division, sale or other
                  disposition of all or substantially all of the assets of
                  MetLife, Inc. which is consummated (a "Corporate Event"), and
                  immediately following the consummation of which the
                  stockholders of MetLife, Inc. immediately prior to such
                  Corporate Event do not hold, directly or indirectly, a
                  majority of the Voting Power of (1) in the case of a merger or
                  consolidation, the surviving or resulting corporation, (2) in
                  the case of a share exchange, the acquiring corporation, or
                  (3) 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 MetLife,
                  Inc. immediately prior to such Corporate Event; or

         22.3.4.  any other event occurs which the Board declares to be a Change
                  of Control.

                                       13
<PAGE>

      22.4. "Change of Control Election" shall mean a written document executed
            by the Eligible Associate specifying the Eligible Associate's
            instructions regarding the matters addressed by Section 14.4 of this
            Plan.

      22.5. "Change of Control Value" shall mean the highest price per share of
            MetLife Stock offered in conjunction with any transaction resulting
            in a Change of Control (as determined in good faith by the Plan
            Administrator if any part of the offered price is payable other than
            in cash) or, in the case of a Change of Control occurring solely by
            reason of a change in the composition of the Board of Directors of
            MetLife, Inc., the highest Closing Value of the MetLife Stock on any
            of the 30 trading days immediately preceding the date on which a
            Change of Control occurs. For this purpose, the "Closing Value"
            shall mean, on any date, the closing prices of MetLife Stock 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 MetLife Stock are
            quoted at the relevant time) on such date, and in the event that
            there are no MetLife Stock transactions reported on such tape (or
            such other system) on such date, Closing Value shall mean the
            closing price on the immediately preceding date on which MetLife
            Stock transactions were so reported.

      22.6. "Code" shall mean the Internal Revenue Code of the United States.

      22.7. "Compensation" shall mean salary, Cash Incentive Compensation, and
            Stock Compensation payable by MetLife, Inc. or an Affiliate.

      22.8. "Deferral Election" shall mean a written document executed by the
            Eligible Associate specifying the Eligible Associate's instructions
            regarding the matters addressed by Section 4 of this Plan.

      22.9. "Deferred Cash Compensation Account" shall mean a record-keeping
            account established for the benefit of a Participant in which is
            credited Compensation otherwise payable in cash to a Participant,
            but accounted for to the credit of the Participant under the terms
            of this Plan rather than paid to the Participant as and when
            originally earned.

     22.10. "Deferred Compensation Account" shall mean a Deferred Cash
            Compensation Account, Deferred Stock Compensation Account, or
            Matching Contribution Account (and, when used in the plural, all
            such Deferred Compensation Accounts to the credit of a Participant
            under the terms of this Plan). The value of each Deferred
            Compensation Account shall be adjusted as provided in this Plan.

     22.11. "Deferred Stock Compensation Account" shall mean a record-keeping
            account established for the benefit of a Participant in which is
            credited Compensation either (a) otherwise payable in MetLife Stock
            to a Participant, or (b) otherwise payable in cash as an award under
            the Long Term Performance Compensation Plan, but which the
            Participant has elected to defer in a Deferred Stock Compensation
            Account under Section 4.2(d) of this Plan, but accounted for to the
            credit of the Participant under the terms of this Plan rather than
            paid to the Participant as and when originally earned.

     22.12. "Eligible Associate" shall mean (a) an individual in his or her
            first calendar year as an Officer or 090 Employee who is selected by
            the Plan Administrator for eligibility and has been so notified; and
            (b) an individual in his or her second or later calendar year

                                       14
<PAGE>

            as an Office or 090 Employee, at such times that Officer or 090
            Employee is eligible to participate in this Plan as provided in
            Section 3 of this Plan.

     22.13. "Employment Discontinuance" shall mean the termination of
            employment with a MetLife Company or an Affiliate, other than in
            connection with the transfer of employment to another MetLife
            Company or any Affiliate.

     22.14. "Fair Market Value" shall mean, on any date, the closing price of
            MetLife Stock 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 MetLife
            Stock are quoted at the relevant time) on such date. In the event
            that there are no MetLife Stock transactions reported on such tape
            (or such other system) on such date, Fair Market Value shall mean
            the closing price on the immediately preceding date on which MetLife
            Stock transactions were so reported.

     22.15. "Investment Tracking" shall mean the adjustment of value to reflect
            simulated investment performance.

     22.16. "Investment Tracking Funds" shall mean those funds and vehicles
            described in Section 6 of this Plan.

     22.17. "Key Employee" shall mean an employee subject to Code Section
            416(i), as determined by the Plan Administrator.

     22.18. "Legal Deferral Requirements" shall mean requirements under law,
            including but not limited to those under Code Section 409A, for
            effective and valid deferral of taxation of income.

     22.19. "Matching Contributions" shall mean the matching contributions
            described in Section 8 of this Plan.

     22.20. "Matching Contribution Account" shall mean a record-keeping account
            established for the benefit of a Participant in which is credited
            Matching Contributions.

     22.21. "MetLife Companies" shall mean MetLife Group, Inc.; Metropolitan
            Property and Casualty Insurance Company; MetLife Securities, Inc.;
            MetLife Bank, National Association; and Edison Supply and
            Distribution, Inc.

     22.22. "MetLife Stock" shall mean shares of common stock of MetLife, Inc.

     22.23. "Officer" shall mean each individual who is employed by a MetLife
            Company paid from the United States in United States currency and is
            either (a) an officer of any one or more MetLife Companies; (b) an
            employee of any MetLife Company in the same or an equivalent
            compensation grade level as officers of that MetLife Company; or (c)
            an employee of any MetLife Company who is eligible under the terms
            of the Long Term Performance Compensation Plan or the International
            Long Term Performance Compensation Plan, notwithstanding the
            individuals' Employment Discontinuance, for future payment under
            either such plan.

     22.24. "Participant" shall mean each Eligible Associate who has had
            compensation deferred by operation of a deferral election under this
            Plan.

     22.25. "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

                                       15
<PAGE>

            include any group (within the meaning of Rule 13d-5(b) under the
            Exchange Act); provided, however, that "Person" shall not include
            (i) MetLife, Inc. or any Affiliate of MetLife, Inc., (ii) the
            MetLife Policyholder Trust (and 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 (iii) any employee
            benefit plan (including an employee stock ownership plan) sponsored
            by MetLife, Inc. or any Affiliate of MetLife, Inc.

     22.26. "Plan" shall mean this MetLife Leadership Deferred Compensation
            Plan.

     22.27. "Plan Administrator" shall mean the Plan Administrator of the
            Retirement Plan, including any person to whom such office has been
            delegated consistent with the Retirement Plan.

     22.28. "Reallocation Election" shall mean a written document executed by
            the Participant specifying the Participant's instructions regarding
            the matters addressed by Section 7 of this Plan.

     22.29. "Retirement Eligible" shall mean: (a) if the Participant
            participates in the Retirement Plan, the Participant has met the age
            and service criteria necessary to begin receiving pension payments
            under the "traditional formula" in the Retirement Plan immediately
            upon terminating service (regardless of whether the Participant is
            actually eligible to receive "traditional formula" pension
            payments), and (b) if the Participant participates in any other
            retirement plan offered by a MetLife Company or any Affiliate, the
            Participant has met the age and service criteria necessary to begin
            receiving pension payments immediately upon terminating service.

     22.30. "Retirement Plan" shall mean the Metropolitan Life Retirement Plan
            for United States Employees.

     22.31. "SIP" shall mean each and all of the Savings and Investment Plan
            for Employees of Metropolitan Life and Participating Affiliates, the
            Metropolitan Life Auxiliary Savings and Investment Plan, and the
            Metropolitan Life Supplemental Auxiliary Savings and Investment Plan
            (and/or any successor plan(s)).

     22.32. "Stock Compensation" shall mean compensation payable in the form of
            shares of MetLife Stock, including awards in that form under the
            Long Term Performance Compensation Plan.

     22.33. "Total Return" shall mean the change (plus or minus) in price or
            value, plus dividends (if any) on a reinvested basis, during the
            applicable period, as determined by the Plan Administrator according
            to such measures as it determines in its discretion.

     22.34. "Unforeseeable Emergency" shall mean severe financial hardship to
            the Participant resulting from a sudden and unexpected illness or
            accident of the Participant or a dependent of the Participant, loss
            of the Participant's property due to casualty, or other similar
            extraordinary and unforeseeable circumstances arising as a result of
            events beyond the control of the Participant, in any case that is
            not or can not be relieved by the Participant through reimbursement
            or compensation by insurance or otherwise, liquidation of the
            Participant's assets (to the extent such liquidation would not
            itself cause severe financial hardship), and in any case solely to
            the extent

                                       16
<PAGE>

            consistent with the grounds for action by the Plan Administrator
            under Section 12 of the Plan consistent with Legal Deferral
            Requirements.

     22.35. "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.

     22.36. "Voting Securities" shall mean all securities entitling the holders
            thereof to vote in an annual election of directors of a company.

     22.37. "090 Employee" shall mean each individual who is employed by a
            MetLife Company paid from the United States in United States
            currency, who is either (a) classified by the individual's employer
            in compensation grade 090 and earned two-hundred thousand dollars
            ($200,000) in annual total cash compensation benefitable under the
            terms of SIP for the twelve (12) months immediately preceding
            October 1 of the year prior to the year subject to the Deferral
            Election or in such twelve (12) month period otherwise designated by
            the Plan Administrator; (b) serving in the first calendar year in
            compensation grade 090, and found by the Plan Administrator in its
            discretion to have earned two-hundred thousand dollars ($200,000) in
            compensation from any or all employers or principals in the prior
            calendar year (or in the second prior calendar year, should the Plan
            Administrator anticipate or determine that information on the
            individual's earnings in the prior calendar year that the Plan
            Administrator would find sufficiently reliable is not available);
            (c) an employee of any MetLife Company who was formerly a
            participant in the GenAmerica Executive Deferred Savings Plan,
            deferred compensation under that plan, and has submitted a Deferral
            Election under this Plan for each year the individual was otherwise
            eligible to do so under this Plan; or (d) deemed to be an 090
            Employee by the Plan Administrator in its discretion.

                                       17
<PAGE>

IN WITNESS WHEREOF, pursuant to authorization of the Board of Directors of
MetLife, Inc., this MetLife Leadership Deferred Compensation Plan is approved.

__________________________________________________________

Date: ____________________________

Witness: _________________________________________________

                                       18
<PAGE>

The Plan Administrator hereby suspends the accrual of new deferred compensation
under the MetLife Deferred Compensation Plan for Officers, effective January 1,
2005. This suspension shall not affect Investment Tracking of deferrals accrued
prior to January 1, 2005.

PLAN ADMINISTRATOR

_________________________________________________________

Date: ____________________________

Witness: ________________________________________________<PAGE>

                     METLIFE, INC. 2005 STOCK AND INCENTIVE
                     COMPENSATION PLAN

                     Effective April 15, 2005

<PAGE>

METLIFE, INC. 2005 STOCK AND INCENTIVE COMPENSATION PLAN

ARTICLE 1. ESTABLISHMENT, PURPOSE, AND DURATION

      1.1 ESTABLISHMENT OF THE PLAN. MetLife, Inc., a Delaware corporation
(hereinafter referred to as the "Company"), establishes an incentive
compensation plan to be known as the MetLife, Inc. 2005 Stock and Incentive
Compensation Plan (hereinafter referred to as the "Plan"), as set forth in this
document.

      The Plan permits the grant of Nonqualified Stock Options, Incentive Stock
Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units,
Performance Shares, Performance Units, Cash-Based Awards, and Stock-Based
Awards.

      The Plan shall become effective, if approved by the Board and
shareholders, on April 15, 2005 (the "Effective Date") and shall remain in
effect as provided in Section 1.3 hereof.

      1.2 PURPOSE OF THE PLAN. The purpose of the Plan is to promote the success
and enhance the value of the Company and Affiliates by linking the personal
interests of the Participants to those of the Company's shareholders, and by
providing Participants with an incentive for outstanding performance.

      The Plan is further intended to provide flexibility to the Company in its
ability to motivate, attract, and retain the services of Participants upon whose
judgment, interest, and special effort the successful conduct of its operation
largely is dependent.

      1.3 DURATION OF THE PLAN. The Plan shall commence as of the Effective
Date, as described in Section 1.1 herein, and shall remain in effect, subject to
the right of the Committee or the Board to amend or terminate the Plan at any
time pursuant to Article 16 herein, until the earlier of (i) the tenth
anniversary of the Effective Date, or (ii) all Shares subject to the Plan have
been purchased or acquired according to the Plan's provisions.

      1.4 SUCCESSOR PLAN. This Plan shall serve as the successor to the MetLife,
Inc. 2000 Stock Incentive Plan (the "Predecessor Plan"), and no further grants
shall be made under the Predecessor Plan from and after the Effective Date of
this Plan. All outstanding awards under the Predecessor Plan immediately prior
to the Effective Date of this Plan are hereby incorporated into this Plan and
shall accordingly be treated as Awards under this Plan. However, each such award
shall continue to be governed solely by the terms and conditions of the
instrument evidencing such grant or issuance, and, except as otherwise expressly
provided herein or by the Committee, no provision of this Plan shall affect or
otherwise modify the rights or obligations of holders of such incorporated
awards.

      Any Shares of common stock reserved for issuance under the Predecessor
Plan in excess of the number of Shares as to which awards have been awarded
thereunder shall be transferred into this Plan upon the Effective Date and shall
become available for grant under this Plan. Any Shares related to awards granted
or issued under the Predecessor Plan that after the Effective Date may lapse,
expire, terminate, or are cancelled, are settled in cash in lieu of common
stock, are tendered (either by actual delivery or attestation) to pay the option
price, or are used to satisfy any tax withholding requirements shall be deemed
available for issuance or reissuance under Section 4.1 of this Plan.

<PAGE>

ARTICLE 2. DEFINITIONS

      Whenever used in the Plan, the following terms shall have the meaning set
forth below, and when the meaning is intended, the initial letter of the word
shall be capitalized.

      2.1   "AFFILIATE" shall have the meaning ascribed to such term in Rule
            12b-2 of the General Rules and Regulations of the Exchange Act, with
            reference to the Company, and shall also include any corporation,
            partnership, joint venture, limited liability company, or other
            entity in which the Company owns, directly or indirectly, at least
            fifty percent (50%) of the total combined Voting Power of such
            corporation or of the capital interest or profits interest of such
            partnership or other entity.

      2.2   "AGENCY" means the active relationship between an Agent and an
            insurance company for which the Agent is licensed.

      2.3   "AGENT" means a natural person licensed or otherwise authorized
            under applicable law to represent the Company or an Affiliate in the
            sale of insurance or other financial products or services.

      2.4   "AWARD" means, individually or collectively, a grant under this Plan
            of NQSOs, ISOs, SARs, Restricted Stock, Restricted Stock Units,
            Performance Shares, Performance Units, Cash-Based Awards, or
            Stock-Based Awards, in each case subject to the terms of this Plan.

      2.5   "AWARD AGREEMENT" means either (i) a written agreement entered into
            by the Company or an Affiliate and a Participant setting forth the
            terms and provisions applicable to Awards granted under this Plan;
            or (ii) a written statement issued by the Company or an Affiliate to
            a Participant describing the terms and provisions of such Award.

      2.6   "BENEFICIAL OWNER" OR "BENEFICIAL OWNERSHIP" shall have the meaning
            ascribed to such term in rule 13d-3 of the General Rules and
            Regulations under the Exchange Act.

      2.7   "BOARD" OR "BOARD OF DIRECTORS" means the Board of Directors of the
            Company.

      2.8   "CASH-BASED AWARD" means an Award granted under Article 10 herein,
            the value of which is denominated in cash as determined by the
            Committee and which is not any other form of Award described in this
            Plan.

      2.9   "CAUSE" means (i) the willful failure by the Participant to perform
            substantially the Participant's duties as an Employee or Agent
            (other than due to physical or mental illness) after reasonable
            notice to the Participant of such failure, (ii) the Participant's
            engaging in serious misconduct that is injurious to the Company or
            any Affiliate in any way, including, but not limited to, by way of
            damage to their respective reputations or standings in their
            respective industries, (iii) the Participant's having been convicted
            of, or having entered a plea of nolo contendere to, a crime that
            constitutes a felony or (iv) the breach by the Participant of any
            written covenant or agreement with the Company or any Affiliate not
            to disclose or misuse any information pertaining to, or misuse any
            property

                                       2
<PAGE>

            of, the Company or any Affiliate or not to compete or interfere with
            the Company or any Affiliate.

      2.10  "CHANGE OF CONTROL" shall occur if any of the following events
            occur:

            (i)   Any Person acquires Beneficial Ownership, directly or
                  indirectly, of securities of the Company representing
                  twenty-five percent (25%) or more of the combined Voting Power
                  of the Company's securities;

            (ii)  Within any twenty-four (24) month period, the individuals who
                  were Directors of the Company at the beginning of such period
                  (the "Incumbent Directors") shall cease to constitute at least
                  a majority of the Board of Directors or the Board of Directors
                  of any successor to the Company; 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 2.10(ii);

            (iii) The shareholders of the Company approve a merger,
                  consolidation, share exchange, division, sale or other
                  disposition of all or substantially all of the assets of the
                  Company which is consummated (a "Corporate Event"), and
                  immediately following the consummation of which the
                  shareholders of the Company immediately prior to such
                  Corporate Event do not hold, directly or indirectly, a
                  majority of the Voting Power of (i) in the case of a merger or
                  consolidation, the surviving or resulting corporation, (ii) in
                  the case of a share exchange, the acquiring corporation, or
                  (iii) 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 twenty-five percent (25%) of the consolidated
                  assets of the Company immediately prior to such Corporate
                  Event; or

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

      2.11  "CHANGE OF CONTROL PRICE" means the highest price per share of
            Shares offered in conjunction with any transaction resulting in a
            Change of Control (as determined in good faith by the Committee if
            any part of the offered price is payable other than in cash) or, in
            the case of a Change of Control occurring solely by reason of a
            change in the composition of the Board, the highest Fair Market
            Value of the common stock on any of the thirty (30) trading days
            immediately preceding the date on which a Change of Control occurs.

      2.12  "CODE" means the U.S. Internal Revenue Code of 1986, as amended from
            time to time, or any successor thereto.

      2.13  "COMMITTEE" means the Compensation Committee of the Board of
            Directors, or any other duly authorized committee of the Board
            appointed by the Board to administer the Plan.

                                       3
<PAGE>

      2.14  "COMPANY" means MetLife, Inc., a Delaware corporation, and any
            successor thereto as provided in Article 18 herein.

      2.15  "CONSTRUCTIVELY TERMINATED" means, unless otherwise specified by the
            Committee in the Award Agreement, a voluntary termination of
            employment by an Employee or of a relationship as an Agent by an
            Agent within ten (10) business days after any of the following
            actions by the Company, Affiliate, or person acting on behalf of
            either:

            (i)   Requiring the Employee or Agent to be based as his/her regular
                  or customary place of employment or Agency at any office or
                  location more than fifty (50) miles from the location at which
                  the Employee performed his/her duties immediately prior to the
                  Change of Control, or in a state other than the one in which
                  the Employee or Agent performed his/her duties immediately
                  prior to the Change of Control, in each case except for travel
                  reasonably required in the performance of the individual's
                  responsibilities;

            (ii)  In the case of an Employee, reducing the Employee's base
                  salary below the rate in effect at the time of a Change of
                  Control;

            (iii) In the case of an Employee, failing to pay the Employee's base
                  salary, other wages, or employment-related benefits as
                  required by law; or

            (iv)  In the case of an Agent, failing to pay the Agent's
                  compensation or benefits as required by law.

      2.16  "DIRECTOR" means any individual who is a member of the Board of
            Directors of the Company.

      2.17  "EMPLOYEE" means any employee of the Company or an Affiliate.
            Directors who are not otherwise employed by the Company or an
            Affiliate shall not be considered Employees under this Plan. For
            greater clarity, and without limiting the generality of the
            foregoing, individuals described in the first sentence of this
            definition who are foreign nationals or are employed outside of the
            United States, or both, are Employees and may be granted Awards on
            the terms and conditions set forth in the Plan, or on such other
            terms and conditions as may, in the judgment of the Committee, be
            necessary or desirable to further the purposes of the Plan.

      2.18  "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended
            from time to time, or any successor act thereto.

      2.19  "FAIR MARKET VALUE" or "FMV" means a price that is based on the
            opening, closing, actual, high, low, or average selling prices of a
            Share on the New York Stock Exchange ("NYSE") or other established
            stock exchange (or exchanges) on the applicable date, the preceding
            trading day, the next succeeding trading day, or an average of
            trading days, as determined by the Committee in its discretion. Such
            definition(s) of FMV shall be specified in each Award Agreement and
            may differ depending on whether FMV is in reference to the grant,
            exercise, vesting, settlement, or payout of an Award. If, however,

                                       4
<PAGE>

            the accounting standards used to account for equity awards granted
            to Participants are substantially modified subsequent to the
            Effective Date of the Plan, the Committee shall have the ability to
            determine an Award's FMV based on the relevant facts and
            circumstances. If Shares are not traded on an established stock
            exchange, FMV shall be determined by the Committee based on
            objective criteria.

      2.20  "FISCAL YEAR" means the year commencing on January 1 and ending
            December 31 or other time period as approved by the Board.

      2.21  "FREESTANDING SAR" means an SAR that is not a Tandem SAR, as
            described in Article 7 herein.

      2.22  "GRANT PRICE" means the price against which the amount payable is
            determined upon exercise of an SAR.

      2.23  "INCENTIVE STOCK OPTION" or "ISO" means an Option to purchase Shares
            granted under Article 6 herein and that is designated as an
            Incentive Stock Option and is intended to meet the requirements of
            Section 422 of the Code, or any successor provision.

      2.24  "INSIDER" shall mean an individual who is, on the relevant date,
            subject to the reporting requirements of Section 16 of the Exchange
            Act, as determined by the Board.

      2.25  "NONQUALIFIED STOCK OPTION" or "NQSO" means an Option to purchase
            Shares, granted under Article 6 herein, which is not intended to be
            an Incentive Stock Option or that otherwise does not meet such
            requirements.

      2.26  "OPTION" means the conditional right to purchase Shares at a stated
            Option Price for a specified period of time in the form of an
            Incentive Stock Option or a Nonqualified Stock Option subject to the
            terms of this Plan.

      2.27  "OPTION PRICE" means the price at which a Share may be purchased by
            a Participant pursuant to an Option, as determined by the Committee.

      2.28  "PARTICIPANT" means an Employee or an Agent who has been selected to
            receive an Award, or who has an outstanding Award granted under the
            Plan.

      2.29  "PERFORMANCE-BASED COMPENSATION" means compensation under an Award
            that is granted in order to provide remuneration solely on account
            of the attainment of one or more Performance Goals under
            circumstances that satisfy the requirements of Section 162(m) of the
            Code.

      2.30  "PERFORMANCE GOAL" means a performance criterion selected by the
            Committee for a given Award for purposes of Article 11 based on one
            or more of the Performance Measures.

      2.31  "PERFORMANCE MEASURES" means measures as described in Article 11,
            the attainment of one or more of which shall, as determined by the
            Committee, determine the vesting,

                                       5
<PAGE>

            payability, or value of an Award to an Insider that are designated
            to qualify as Performance-Based Compensation.

      2.32  "PERFORMANCE PERIOD" means the period of time during which the
            assigned performance criteria must be met in order to determine the
            degree of payout and/or vesting with respect to an Award.

      2.33  "PERFORMANCE SHARE" means an Award granted under Article 9 herein
            and subject to the terms of this Plan, denominated in Shares, the
            value of which at the time it is payable is determined as a function
            of the extent to which corresponding performance criteria have been
            achieved.

      2.34  "PERFORMANCE UNIT" means an Award granted under Article 9 herein and
            subject to the terms of this Plan, denominated in units, the value
            of which at the time it is payable is determined as a function of
            the extent to which corresponding performance criteria have been
            achieved.

      2.35  "PERIOD OF RESTRICTION" means the period when an Award of Restricted
            Stock or Restricted Stock Unit is subject to forfeiture based on the
            passage of time, the achievement of performance criteria, and/or
            upon the occurrence of other events as determined by the Committee,
            in its discretion.

      2.36  "PERSON" shall have the meaning ascribed to such term in Section
            3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d)
            thereof, including a "group" as defined in Section 13(d) thereof;
            provided, however, that "Person" shall not include (i) the Company
            or any Affiliate, (ii) 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 (iii) any employee benefit plan (including an employee
            stock ownership plan) sponsored by the Company or any Affiliate.

      2.37  "RESTRICTED STOCK" means an Award of Shares subject to a Period of
            Restriction, granted under Article 8 herein and subject to the terms
            of this Plan.

      2.38  "RESTRICTED STOCK UNIT" means an Award denominated in units subject
            to a Period of Restriction, granted under Article 8 herein and
            subject to the terms of this Plan.

      2.39  "SHARES" means the shares of common stock of the Company, $.01 par
            value per Share.

      2.40  "STOCK APPRECIATION RIGHT" or "SAR" means the conditional right to
            receive the difference between the FMV of a Share on the date of
            exercise over the Grant Price, pursuant to the terms of Article 7
            herein and subject to the terms of this Plan.

      2.41  "STOCK-BASED AWARD" means an equity-based or equity-related Award
            granted under Article 10 herein and subject to the terms of this
            Plan, and not otherwise described by the terms of this Plan.

                                       6
<PAGE>

      2.42  "TANDEM SAR" means an SAR that the Committee specifies is granted in
            connection with a related Option pursuant to Article 7 herein and
            subject to the terms of this Plan, the exercise of which shall
            require forfeiture of the right to purchase a Share under the
            related Option (and when a Share is purchased under the Option, the
            Tandem SAR shall similarly be cancelled) or an SAR that is granted
            in tandem with an Option but the exercise of such Option does not
            cancel the SAR, but rather results in the exercise of the related
            SAR. Regardless of whether an Option is granted coincident with an
            SAR, an SAR is not a Tandem SAR unless so specified by the Committee
            at time of grant.

      2.43  "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.

      2.44  "VOTING SECURITIES" shall mean all securities entitling the holders
            thereof to vote in an annual election of directors of a company.

ARTICLE 3. ADMINISTRATION

      3.1 GENERAL. The Committee shall be responsible for administering the
Plan. The Committee may employ attorneys, consultants, accountants, agents, and
other individuals, any of whom may be an Employee or Agent, and the Committee,
the Company, and its officers and Directors shall be entitled to rely upon the
advice, opinions, or valuations of any such persons. All actions taken and all
interpretations and determinations made by the Committee shall be final,
conclusive, and binding upon the Participants, the Company, and all other
interested parties.

      3.2 AUTHORITY OF THE COMMITTEE. The Committee shall have full and
exclusive discretionary power to interpret the terms and the intent of the Plan
and any Award Agreement or other agreement ancillary to or in connection with
the Plan, to determine eligibility for Awards, and to adopt such rules,
regulations, and guidelines for administering the Plan as the Committee may deem
necessary or proper. Such authority shall include, but not be limited to,
selecting Award recipients, establishing all Award terms and conditions and,
subject to Article 16, adopting modifications and amendments, or subplans to the
Plan or any Award Agreement, including, without limitation, any that are
necessary or appropriate to comply with the laws or compensation practices of
the countries and other jurisdictions in which the Company and Affiliates
operate.

      3.3 DELEGATION. The Committee may delegate to one or more of its members
or to one or more officers of the Company or its Affiliates, any of its duties
or powers as it may deem advisable; provided, however, that the Committee may
not delegate any of its non-administrative powers with respect to Awards
intended to be Performance-Based Compensation; and provided further, that the
member(s) or officer(s) shall report periodically to the Committee regarding the
nature and scope of the Awards granted pursuant to the authority delegated
pursuant to this Section 3.3. Subject to the terms of the previous sentence, the
Committee may delegate to any individual(s) such administrative duties or powers
as it may deem advisable

ARTICLE 4. SHARES SUBJECT TO THE PLAN AND MAXIMUM AWARDS

      4.1 NUMBER OF SHARES AVAILABLE FOR AWARDS. Subject to adjustment as
provided in Section 4.2 herein, the number of Shares hereby reserved for
issuance to Participants under the Plan shall be sixty-eight million
(68,000,000) plus any remaining Shares available for grant under the

                                       7
<PAGE>

Predecessor Plan as set forth in Section 1.4 (such total number of Shares,
including such adjustment and remaining Shares, the "Total Share
Authorization"). Any Shares issued in connection with an Option or SAR shall be
counted against the limit as one (1) Share for every one (1) Share issued; for
Awards other than Options and SARs, any Shares issued shall be counted against
this limit as one and one-hundred seventy-nine thousandths (1.179) Shares for
every one (1) Share issued. The maximum aggregate number of Shares that may be
granted in the form of Nonqualified Stock Options shall be equal to the Total
Authorization. The maximum aggregate number of Shares that may be granted in the
form of Incentive Stock Options shall be sixty-eight million (68,000,000).

      For greater clarity, any Awards that are not settled in Shares shall not
reduce any of these reserves. Any Shares related to Awards (or after the
Effective Date, awards granted under the Predecessor Plan) which (i) terminate
by expiration, forfeiture, cancellation, or otherwise without the issuance of
such Shares, (ii) are settled in cash either in lieu of Shares or otherwise, or
(iii) are exchanged with the Committee's permission for Awards not involving
Shares, shall be available again for grant under the Plan. Moreover, if the
Option Price of any Option granted under the Plan or the tax withholding
requirements with respect to any Award granted under the Plan are satisfied by
tendering Shares to the Company (by either actual delivery or by attestation),
or if an SAR is exercised, only the number of Shares issued, net of the Shares
tendered, if any, will be deemed delivered for purposes of determining the
maximum number of Shares available for issuance under the Plan. The maximum
number of Shares available for issuance under the Plan shall not be reduced to
reflect any dividends or dividend equivalents that are reinvested into
additional Shares or credited as additional Restricted Stock, Restricted Stock
Units, Performance Shares, or Stock-Based Awards. The Shares available for
issuance under the Plan may be authorized and unissued Shares or treasury
Shares.

      Unless and until the Committee determines that an Award to an Insider
shall not be designed to qualify as Performance-Based Compensation, the
following limits ("Award Limits") shall apply to grants of Awards to Insiders
under the Plan:

            (a)   OPTIONS AND SARS: The maximum aggregate number of Shares that
                  may be granted in the form of Options or Stock Appreciation
                  Rights, pursuant to any Award granted in any one Fiscal Year
                  to any one Participant, shall be two million (2,000,000).

            (b)   RESTRICTED STOCK/RESTRICTED STOCK UNITS: The maximum aggregate
                  grant with respect to Awards of Restricted Stock/Restricted
                  Stock Units granted in any one Fiscal Year to any one
                  Participant shall be one million (1,000,000).

            (c)   PERFORMANCE SHARES/PERFORMANCE UNITS: The maximum aggregate
                  Award of Performance Shares or Performance Units that a
                  Participant may receive in any one Fiscal Year shall be one
                  million (1,000,000) Shares, or equal to the value of one
                  million (1,000,000) Shares determined as of the date of
                  vesting or payout, as applicable.

            (d)   CASH-BASED AWARDS: The maximum aggregate amount awarded or
                  credited with respect to Cash-Based Awards to any one
                  Participant in any one Fiscal Year may

                                       8
<PAGE>

                  not exceed ten million dollars ($10,000,000) determined as of
                  the date of vesting or payout, as applicable.

            (e)   STOCK AWARDS: The maximum aggregate grant with respect to
                  Awards of Stock-Based Awards in any one Fiscal Year to any one
                  Participant shall be one million (1,000,000).

      4.2 ADJUSTMENTS IN AUTHORIZED SHARES. In the event of any corporate event
or transaction (including, but not limited to, a change in the Shares of the
Company or the capitalization of the Company) such as a merger, consolidation,
reorganization, recapitalization, separation, stock dividend, extraordinary
dividend, stock split, reverse stock split, split up, spin-off, or other
distribution of stock or property of the Company, combination of securities,
exchange of securities, dividend in kind, or other like change in capital
structure or distribution (other than normal cash dividends) to shareholders of
the Company, or any similar corporate event or transaction, the Committee, in
its sole discretion, in order to prevent dilution or enlargement of
Participants' rights under the Plan, shall substitute or adjust, as applicable,
the number and kind of Shares that may be issued under the Plan, the number and
kind of Shares subject to outstanding Awards, the Option Price or Grant Price
applicable to outstanding Awards, the Award Limits, the limit on issuing Awards
other than Options granted with an Option Price equal to at least the FMV of a
Share on the date of grant or Stock Appreciation Rights with a Grant Price equal
to at least the FMV of a Share on the date of grant, and any other value
determinations applicable to outstanding Awards or to this Plan.

      The Committee, in its sole discretion, may also make appropriate
adjustments in the terms of any Awards under the Plan to reflect, or related to,
such changes or distributions and may modify any other terms of outstanding
Awards, including modifications of performance criteria and changes in the
length of Performance Periods. The determination of the Committee as to the
foregoing adjustments, if any, shall be conclusive and binding on Participants
under the Plan.

      Subject to the provisions of Article 15 and any applicable law or
regulatory requirement, without affecting the number of Shares reserved or
available hereunder, the Committee may authorize the issuance, assumption,
substitution, or conversion of Awards under this Plan in connection with any
such corporate event or transaction upon such terms and conditions as it may
deem appropriate. Additionally, the Committee may amend the Plan, or adopt
supplements to the Plan, in such manner as it deems appropriate to provide for
such issuance, assumption, substitution, or conversion as provided in the
previous sentence.

ARTICLE 5. ELIGIBILITY AND PARTICIPATION

      5.1 ELIGIBILITY. Individuals eligible to participate in the Plan include
all Employees and Agents.

      5.2 ACTUAL PARTICIPATION. Subject to the provisions of the Plan, the
Committee may from time to time, select from all eligible Employees and Agents,
those to whom Awards shall be granted and shall determine in its discretion, the
nature, terms, and amount of each Award.

                                       9
<PAGE>

ARTICLE 6. STOCK OPTIONS

      6.1 GRANT OF OPTIONS. Subject to the terms and provisions of the Plan,
Options may be granted to Participants in such number, and upon such terms, and
at any time and from time to time as shall be determined by the Committee in its
discretion. Notwithstanding the foregoing, no ISOs may be granted more than ten
(10) years after the earlier of (a) adoption of the Plan by the Board, and (b)
the Effective Date.

      6.2 AWARD AGREEMENT. Each Option grant shall be evidenced by an Award
Agreement that shall specify the Option Price, the duration of the Option, the
number of Shares to which the Option pertains, the conditions upon which an
Option shall become vested and exercisable, and any such other provisions as the
Committee shall determine. The Award Agreement also shall specify whether the
Option is intended to be an ISO or a NQSO.

      6.3 OPTION PRICE. The Option Price for each grant of an Option under this
Plan shall be determined by the Committee and shall be specified in the Award
Agreement. The Option Price may include an Option Price based on one hundred
percent (100%) of the FMV of the Shares on the date of grant, an Option Price
that is set at a premium to the FMV of the Shares on the date of grant, or an
Option Price that is indexed to the FMV of the Shares on the date of grant, with
the index determined by the Committee in its discretion.

      6.4 DURATION OF OPTIONS. Each Option granted to a Participant shall expire
at such time as the Committee shall determine at the time of grant; provided,
however, no Option shall be exercisable later than the tenth (10th) anniversary
date of its grant. Notwithstanding the foregoing, for Options granted to
Participants outside the United States, the Committee has the authority to grant
Options that have a term greater than ten (10) years.

      6.5 EXERCISE OF OPTIONS. Options granted under this Article 6 shall be
exercisable at such times and on the occurrence of such events, and be subject
to such restrictions and conditions, as the Committee shall in each instance
approve, which need not be the same for each grant or for each Participant.

      6.6 PAYMENT. Options granted under this Article 6 shall be exercised by
the delivery of a notice of exercise to the Company or an agent designated by
the Company in a form specified or accepted by the Committee, or by complying
with any alternative procedures which may be authorized by the Committee,
setting forth the number of Shares with respect to which the Option is to be
exercised, accompanied by full payment for the Shares.

      The Option Price upon exercise of any Option shall be payable to the
Company in full either: (a) in cash or its equivalent; (b) by tendering (either
by actual delivery or attestation) previously acquired Shares having an
aggregate FMV at the time of exercise equal to the total Option Price; (c) by a
combination of (a) and (b); or (d) any other method approved or accepted by the
Committee in its sole discretion subject to such rules and regulations as the
Committee may establish.

      Subject to Section 6.7 and any governing rules or regulations, as soon as
practicable after receipt of a notification of exercise and full payment, the
Committee shall cause to be delivered to the Participant Share certificates or
evidence of book entry Shares in an appropriate amount based upon

                                       10
<PAGE>

the number of Shares purchased under the Option(s). Unless otherwise determined
or accepted by the Committee, all payments in cash shall be paid in United
States dollars.

      6.7 RESTRICTIONS ON SHARE TRANSFERABILITY. The Committee may impose such
restrictions on any Shares acquired pursuant to the exercise of an Option
granted pursuant to this Plan as it may deem advisable, including, without
limitation, requiring the Participant to hold the Shares acquired pursuant to
exercise for a specified period of time, or restrictions under applicable laws
or under the requirements of any stock exchange or market upon which such Shares
are listed and/or traded.

      6.8 TERMINATION OF EMPLOYMENT OR AGENCY. Each Participant's Award
Agreement shall set forth the extent to which the Participant shall have the
right to exercise the Option following termination of the Participant's
employment or Agency with the Company or Affiliates. Such provisions shall be
determined in the sole discretion of the Committee, shall be included in the
Award Agreement entered into with each Participant, need not be uniform among
all Options issued pursuant to this Article 6, and may reflect distinctions
based on the reasons for termination.

      6.9 NONTRANSFERABILITY OF OPTIONS.

            (a)   INCENTIVE STOCK OPTIONS. No ISO granted under the Plan may be
                  sold, transferred, pledged, assigned, or otherwise alienated
                  or hypothecated, other than by will or by the laws of descent
                  and distribution. Further, all ISOs granted to a Participant
                  under this Article 6 shall be exercisable during his or her
                  lifetime only by such Participant.

            (b)   NONQUALIFIED STOCK OPTIONS. Except as otherwise provided in a
                  Participant's Award Agreement at the time of grant, or
                  thereafter by the Committee, NQSO granted under this Article 6
                  may not be sold, transferred, pledged, assigned, or otherwise
                  alienated or hypothecated, other than by will or by the laws
                  of descent and distribution. Further, except as otherwise
                  provided in a Participant's Award Agreement at the time of
                  grant or thereafter by the Committee, all NQSOs granted to a
                  Participant under this Article 6 shall be exercisable during
                  the Participant's lifetime only by such Participant.

      6.10 NOTIFICATION OF DISQUALIFYING DISPOSITION. The Participant will
notify the Company upon the disposition of Shares issued pursuant to the
exercise of an ISO or Shares received as a dividend on ISO stock. The Company
will use such information to determine whether a disqualifying disposition as
described in Section 421(b) of the Code has occurred.

      6.11 SUBSTITUTING SARS. Regardless of the terms of the Award Agreement,
the Committee, at any time when the Company is not subject accounting for
equity-based compensation granted to its Employees under APB Opinion 25 (or a
successor standard), shall have the right to substitute SARs for outstanding
Options granted to any Participant, provided that (i) the substituted SARs call
for settlement by the issuance of Shares or by the issuance of Shares or cash as
determined by the Committee in its discretion, and (ii) the terms of the
substituted SARs and economic benefit of such substituted SARs (including the
difference between the Grant Price and Fair Market Value of the Shares
associated with the SARs compared to the difference between the Option Price and
Fair Market Value of the Shares underlying the Options) are equivalent to the
terms and economic benefit

                                       11
<PAGE>

of the Options being replaced, as determined by the Committee. The Committee
may, based on a determination that this Section 6.11 creates adverse accounting
consequences for the Company or otherwise, nullify this Section 6.11.

ARTICLE 7. STOCK APPRECIATION RIGHTS

      7.1 GRANT OF SARS. Subject to the terms and conditions of the Plan, SARs
may be granted to Participants at any time and from time to time and upon such
terms as shall be determined by the Committee in its discretion. The Committee
may grant Freestanding SARs, Tandem SARs, or any combination of these forms of
SARs.

      The SAR Grant Price for each grant of a Freestanding SAR shall be
determined by the Committee and shall be specified in the Award Agreement. The
SAR Grant Price may include a Grant Price based on one hundred percent (100%) of
the FMV of the Shares on the date of grant, a Grant Price that is set at a
premium to the FMV of the Shares on the date of grant, or is indexed to the FMV
of the Shares on the date of grant, with the index determined by the Committee,
in its discretion. The Grant Price of Tandem SARs shall be equal to the Option
Price of the related Option.

      7.2 SAR AGREEMENT. Each SAR Award shall be evidenced by an Award Agreement
that shall specify the Grant Price, the term of the SAR, and any such other
provisions as the Committee shall determine.

      7.3 TERM OF SAR. The term of an SAR granted under the Plan shall be
determined by the Committee, in its sole discretion, and except as determined
otherwise by the Committee and specified in the SAR Award Agreement, no SAR
shall be exercisable later than the tenth (10th) anniversary date of its grant.
Notwithstanding the foregoing, for SARs granted to Participants outside the
United States, the Committee has the authority to grant SARs that have a term
greater than ten (10) years.

      7.4 EXERCISE OF FREESTANDING SARS. Freestanding SARs may be exercised upon
whatever terms and conditions the Committee, in its sole discretion, imposes.

      7.5. EXERCISE OF TANDEM SARS. Tandem SARs may be exercised for all or part
of the Shares subject to the related Option upon the surrender of the right to
exercise the equivalent portion of the related Option. A Tandem SAR may be
exercised only with respect to the Shares for which its related Option is then
exercisable.

      Notwithstanding any other provision of this Plan to the contrary, with
respect to a Tandem SAR granted in connection with an ISO: (a) the Tandem SAR
will expire no later than the expiration of the underlying ISO; (b) the value of
the payout with respect to the Tandem SAR may be for no more than one hundred
percent (100%) of the difference between the Option Price of the underlying ISO
and the FMV of the Shares subject to the underlying ISO at the time the Tandem
SAR is exercised; and (c) the Tandem SAR may be exercised only when the FMV of
the Shares subject to the ISO exceeds the Option Price of the ISO.

      7.6 PAYMENT OF SAR AMOUNT. Upon the exercise of an SAR, a Participant
shall be entitled to receive payment from the Company in an amount determined by
multiplying:

                                       12
<PAGE>

            (a)   The difference between the FMV of a Share on the date of
                  exercise over the Grant Price; by

            (b)   The number of Shares with respect to which the SAR is
                  exercised.

      At the discretion of the Committee, the payment upon SAR exercise may be
in cash, Shares of equivalent value (based on the FMV on the date of exercise of
the SAR, as defined in the Award Agreement or otherwise defined by the Committee
thereafter), in some combination thereof, or in any other form approved by the
Committee at its sole discretion. The Committee's determination regarding the
form of SAR payout shall be set forth or reserved for later determination in the
Award Agreement pertaining to the grant of the SAR.

      7.7 TERMINATION OF EMPLOYMENT OR AGENCY. Each Award Agreement shall set
forth the extent to which the Participant shall have the right to exercise the
SAR following termination of the Participant's employment or Agency with the
Company or Affiliates. Such provisions shall be determined in the sole
discretion of the Committee, shall be included in the Award Agreement entered
into with Participants, need not be uniform among all SARs issued pursuant to
the Plan, and may reflect distinctions based on the reasons for termination.

      7.8 NONTRANSFERABILITY OF SARS. Except as otherwise provided in a
Participant's Award Agreement at the time of grant or thereafter by the
Committee, an SAR granted under the Plan may not be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated, other than by will or by the
laws of descent and distribution. Further, except as otherwise provided in a
Participant's Award Agreement at the time of grant or thereafter by the
Committee, all SARs granted to a Participant under the Plan shall be exercisable
during his or her lifetime only by such Participant.

      7.9 OTHER RESTRICTIONS. Without limiting the generality of any other
provision of this Plan, the Committee may impose such other conditions and/or
restrictions on any Shares received upon exercise of an SAR granted pursuant to
the Plan as it may deem advisable. This includes, but is not limited to,
requiring the Participant to hold the Shares received upon exercise of an SAR
for a specified period of time.

ARTICLE 8. RESTRICTED STOCK AND RESTRICTED STOCK UNITS

      8.1 GRANT OF RESTRICTED STOCK OR RESTRICTED STOCK UNITS. Subject to the
terms and provisions of the Plan, the Committee, at any time and from time to
time, may grant Shares of Restricted Stock and/or Restricted Stock Units to
Participants in such amounts and upon such terms as the Committee shall
determine.

      8.2 RESTRICTED STOCK OR RESTRICTED STOCK UNIT AGREEMENT. Each Restricted
Stock and/or Restricted Stock Unit grant shall be evidenced by an Award
Agreement that shall specify the Period(s) of Restriction, the number of Shares
of Restricted Stock or the number of Restricted Stock Units granted, and any
such other provisions as the Committee shall determine.

      8.3 NONTRANSFERABILITY OF RESTRICTED STOCK AND RESTRICTED STOCK UNITS.
Except as otherwise provided in this Plan or the Award Agreement, the Shares of
Restricted Stock and/or Restricted Stock Units granted herein may not be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated until the
end of the applicable Period of Restriction specified in the Award

                                       13
<PAGE>

Agreement (and in the case of Restricted Stock Units until the date of delivery
or other payment), or upon earlier satisfaction of any other conditions, as
specified by the Committee in its sole discretion and set forth in the Award
Agreement at the time of grant or thereafter by the Committee. All rights with
respect to the Restricted Stock and/or Restricted Stock Units granted to a
Participant under the Plan shall be available during his or her lifetime only to
such Participant, except as otherwise provided in the Award Agreement at the
time of grant or thereafter by the Committee.

      8.4 OTHER RESTRICTIONS. The Committee shall impose, in the Award Agreement
at the time of grant or anytime thereafter, such other conditions and/or
restrictions on any Shares of Restricted Stock or Restricted Stock Units granted
pursuant to this Plan as it may deem advisable including, without limitation, a
requirement that Participants pay a stipulated purchase price for each Share of
Restricted Stock or each Restricted Stock Unit, restrictions based upon the
achievement of specific performance criteria, time-based restrictions on vesting
following the attainment of the performance criteria, time-based restrictions,
restrictions under applicable laws or under the requirements of any stock
exchange or market upon which such Shares are listed or traded, or holding
requirements or sale restrictions placed on the Shares by the Company upon
vesting of such Restricted Stock or Restricted Stock Units.

      To the extent deemed appropriate by the Committee subject to Section 19.6,
the Company may retain the certificates representing Shares of Restricted Stock,
or Shares delivered in consideration of Restricted Stock Units, in the Company's
possession until such time as all conditions and/or restrictions applicable to
such Shares have been satisfied or lapse.

      Except as otherwise provided in this Article 8, Shares of Restricted Stock
covered by each Restricted Stock Award shall become freely transferable by the
Participant after all conditions and restrictions applicable to such Shares have
been satisfied or lapse, and Restricted Stock Units shall be paid in cash,
Shares, or a combination of cash and Shares as the Committee, in its sole
discretion shall determine.

      8.5 CERTIFICATE LEGEND. In addition to any legends placed on certificates
pursuant to Section 8.4 herein, each certificate representing Shares of
Restricted Stock granted pursuant to the Plan may bear a legend such as the
following:

      The sale or other transfer of the Shares of stock represented by this
      certificate, whether voluntary, involuntary, or by operation of law, is
      subject to certain restrictions on transfer as set forth in the MetLife,
      Inc. 2005 Stock and Incentive Compensation Plan, and in the associated
      Award Agreement. A copy of the Plan and such Award Agreement may be
      obtained from MetLife, Inc.

      8.6 VOTING RIGHTS. To the extent required by law, Participants holding
Shares of Restricted Stock granted hereunder shall be granted the right to
exercise full voting rights with respect to those Shares during the Period of
Restriction. A Participant shall have no voting rights with respect to any
Restricted Stock Units granted hereunder.

      8.7 DIVIDENDS AND OTHER DISTRIBUTIONS. During the Period of Restriction,
Participants holding Shares of Restricted Stock or Restricted Stock Units
granted hereunder may, if the Committee so determines, be credited with
dividends paid with respect to the underlying Shares or

                                       14
<PAGE>

dividend equivalents while they are so held in a manner determined by the
Committee in its sole discretion. The Committee may apply any restrictions to
the dividends or dividend equivalents that the Committee deems appropriate. The
Committee, in its sole discretion, may determine the form of payment of
dividends or dividend equivalents, including cash, Shares, Restricted Stock, or
Restricted Stock Units.

      8.8 TERMINATION OF EMPLOYMENT AND AGENCY. Each Award Agreement shall set
forth the extent to which the Participant shall have the right to retain
Restricted Stock and/or Restricted Stock Units following termination of the
Participant's employment or Agency with the Company or Affiliates. Such
provisions shall be determined in the sole discretion of the Committee, shall be
included in the Award Agreement entered into with each Participant, need not be
uniform among all Shares of Restricted Stock or Restricted Stock Units issued
pursuant to the Plan, and may reflect distinctions based on the reasons for
termination.

      8.9 PAYMENT IN CONSIDERATION OF RESTRICTED STOCK UNITS. When and if
Restricted Stock Units become payable, a Participant having received the grant
of such units shall be entitled to receive payment from the Company in cash,
Shares of equivalent value (based on the FMV, as defined in the Award Agreement
at the time of grant or thereafter by the Committee), in some combination
thereof, or in any other form determined by the Committee at its sole
discretion. The Committee's determination regarding the form of payout shall be
set forth or reserved for later determination in the Award Agreement pertaining
to the grant of the Restricted Stock Unit.

ARTICLE 9. PERFORMANCE SHARES AND PERFORMANCE UNITS

      9.1 GRANT OF PERFORMANCE SHARES AND PERFORMANCE UNITS. Subject to the
terms and provisions of the Plan, the Committee, at any time and from time to
time, may grant Performance Shares and/or Performance Units to Participants in
such amounts and upon such terms as the Committee shall determine.

      9.2 VALUE OF PERFORMANCE SHARES AND PERFORMANCE UNITS. Each Performance
Share shall have an initial value equal to the FMV of a Share on the date of
grant. Each Performance Unit shall have an initial value that is established by
the Committee at the time of grant which may be less than, equal to, or greater
than the FMV of a Share. The Committee shall set performance criteria for a
Performance Period in its discretion which, depending on the extent to which
they are met, will determine, in the manner determined by the Committee and
documented in the Award Agreement the value and/or number of each Performance
Share or Performance Unit that will be paid to the Participant.

      9.3 EARNING OF PERFORMANCE SHARES AND PERFORMANCE UNITS. Subject to the
terms of this Plan, after the applicable Performance Period has ended, the
holder of Performance Shares/Performance Units shall be entitled to receive
payout on the value and number of Performance Shares/Performance Units
determined as a function of the extent to which the corresponding performance
criteria have been achieved. Notwithstanding the foregoing, the Company has the
ability to require the Participant to hold the Shares received pursuant to such
Award for a specified period of time.

      9.4 FORM AND TIMING OF PAYMENT OF PERFORMANCE SHARES AND PERFORMANCE
UNITS. Payment of earned Performance Shares/Performance Units shall be as
determined by the Committee

                                       15
<PAGE>

and as evidenced in the Award Agreement. Subject to the terms of the Plan, the
Committee, in its sole discretion, may pay earned Performance Shares/Performance
Units in the form of cash or in Shares (or in a combination thereof) equal to
the value of the earned Performance Shares/Performance Units at the close of the
applicable Performance Period. Any Shares may be granted subject to any
restrictions deemed appropriate by the Committee. The determination of the
Committee with respect to the form of payout of such Awards shall be set forth
in the Award Agreement pertaining to the grant of the Award or reserved for
later determination.

      9.5 DIVIDENDS AND OTHER DISTRIBUTIONS. The Committee will decide if
Participants holding Performance Shares will receive dividend equivalents with
respect to dividends declared with respect to the Shares. Such dividends may be
subject to the accrual, forfeiture, or payout restrictions as determined by the
Committee in its sole discretion.

      9.6 TERMINATION OF EMPLOYMENT OR AGENCY. Each Award Agreement shall set
forth the extent to which the Participant shall have the right to retain
Performance Shares/Performance Units following termination of the Participant's
employment or Agency with the Company or an Affiliate. Such provisions shall be
determined in the sole discretion of the Committee, shall be included in the
Award Agreement entered into with each Participant, need not be uniform among
all Awards of Performance Shares/Performance Units issued pursuant to the Plan,
and may reflect distinctions based on the reasons for termination.

      9.7 NONTRANSFERABILITY OF PERFORMANCE SHARES AND PERFORMANCE UNITS. Except
as otherwise provided in a Participant's Award Agreement at the time of grant or
thereafter by the Committee, Performance Shares/Performance Units may not be
sold, transferred, pledged, assigned, or otherwise alienated or hypothecated,
other than by will or by the laws of descent and distribution. Further, except
as otherwise provided in a Participant's Award Agreement or otherwise by the
Committee at any time, a Participant's rights under the Plan shall inure during
his or her lifetime only to such Participant.

ARTICLE 10. CASH-BASED AWARDS AND STOCK-BASED AWARDS

      10.1 GRANT OF CASH-BASED AWARDS. Subject to the terms and provisions of
this Plan, the Committee, at any time and from time and time, may grant
Cash-Based Awards to Participants in such amounts and upon such terms as the
Committee may determine.

      10.2 VALUE OF CASH-BASED AWARDS. Each Cash-Based Award shall have a value
as may be determined by the Committee. For each Cash-Based Award, the Committee
may establish performance criteria in its discretion. If the Committee exercises
its discretion to establish such performance criteria, the number and/or value
of Cash-Based Awards that will be paid out to the Participant will be
determined, in the manner determined by the Committee, the extent to which the
performance criteria are met.

      10.3 PAYMENT IN CONSIDERATION OF CASH-BASED AWARDS. Subject to the terms
of this Plan, the holder of a Cash-Based Award shall be entitled to receive
payout on the value of Cash-Based Award determined as a function of the extent
to which the corresponding performance criteria, if any, have been achieved.

                                       16
<PAGE>

      10.4 FORM AND TIMING OF PAYMENT OF CASH-BASED AWARDS. Payment of earned
Cash-Based Awards shall be as determined by the Committee and evidenced in the
Award Agreement. Subject to the terms of the Plan, the Committee, in its sole
discretion, may pay earned Cash-Based Awards in the form of cash or in Shares
(or in a combination thereof) that have an aggregate FMV equal to the value of
the earned Cash-Based Awards (the applicable date regarding which aggregate FMV
shall be determined by the Committee). Such Shares may be granted subject to any
restrictions deemed appropriate by the Committee. The determination of the
Committee with respect to the form of payout of such Awards shall be set forth
in the Award Agreement pertaining to the grant of the Award.

      10.5 STOCK-BASED AWARDS. The Committee may grant other types of
equity-based or equity-related Awards not otherwise described by the terms of
this Plan (including the grant or offer for sale of unrestricted Shares) in such
amounts and subject to such terms and conditions including, but not limited to
being subject to performance criteria, or in satisfaction of such obligations,
as the Committee shall determine. Such Awards may entail the transfer of actual
Shares to Participants, or payment in cash or otherwise of amounts based on the
value of Shares and may include, without limitation, Awards designed to comply
with or take advantage of the applicable local laws of jurisdictions other than
the United States.

      10.6 TERMINATION OF EMPLOYMENT OR AGENCY. Each Award Agreement shall set
forth the extent to which the Participant shall have the right to receive
Cash-Based Awards and Stock-Based Awards following termination of the
Participant's employment or Agency with the Company or Affiliates. Such
provisions shall be determined in the sole discretion of the Committee, shall be
included in the applicable Award Agreement, need not be uniform among all Awards
of Cash-Based Awards and Stock-Based Awards issued pursuant to the Plan, and may
reflect distinctions based on the reasons for termination.

      10.7 NONTRANSFERABILITY OF CASH-BASED AWARDS AND STOCK-BASED AWARDS.
Except as otherwise provided in a Participant's Award Agreement at the time of
grant or thereafter by the Committee, Cash-Based Awards and Stock-Based Awards
may not be sold, transferred, pledged, assigned, or otherwise alienated or
hypothecated, other than by will or by the laws of descent and distribution.
Further, except as otherwise provided in a Participant's Award Agreement at the
time of grant or thereafter by the Committee, a Participant's rights under the
Plan shall be exercisable during the Participant's lifetime only by the
Participant.

ARTICLE 11. PERFORMANCE MEASURES

      Notwithstanding any other terms of this Plan, the vesting, payability, or
value (as determined by the Committee) of each Award other than an Option or SAR
that, at the time of grant, the Committee intends to be Performance-Based
Compensation to an Insider shall be determined by the attainment of one or more
Performance Goals as determined by the Committee in conformity with Code Section
162(m). The Committee shall specify in writing, by resolution or otherwise, the
Participants eligible to receive such an Award (which may be expressed in terms
of a class of individuals) and the Performance Goal(s) applicable to such Awards
within ninety (90) days after the commencement of the period to which the
Performance Goal(s) relate(s) or such earlier time as required to comply with
Code Section 162(m). No such Award shall be payable unless the Committee
certifies in writing, by resolution or otherwise, that the Performance Goal(s)
applicable to the Award were satisfied. In no case may the Committee increase
the value of an Award of Performance-Based Compensation above

                                       17
<PAGE>

the maximum value determined under the performance formula by the attainment of
the applicable Performance Goal(s), but the Committee may retain the discretion
to reduce the value below such maximum.

      Unless and until the Committee proposes for shareholder vote and the
shareholders approve a change in the general Performance Measures set forth in
this Article 11, the Performance Goal(s) upon which the payment or vesting of an
Award to an Insider that is intended to qualify as Performance-Based
Compensation shall be limited to the following Performance Measures:

      (a)   Net earnings or net income (before or after taxes);

      (b)   Earnings per share;

      (c)   Net sales growth;

      (d)   Net operating profit;

      (e)   Operating earnings;

      (f)   Operating earnings per share;

      (g)   Return measures (including, but not limited to, return on assets,
            capital, equity, or sales);

      (h)   Cash flow (including, but not limited to, operating cash flow, free
            cash flow, and cash flow return on capital);

      (i)   Earnings before or after taxes, interest, depreciation, and/or
            amortization and including/excluding capital gains and losses;

      (j)   Gross or operating margins;

      (k)   Productivity ratios;

      (l)   Share price (including, but not limited to, growth measures and
            total shareholder return);

      (m)   Expense targets;

      (n)   Margins;

      (o)   Operating efficiency;

      (p)   Customer satisfaction;

      (q)   Employee and/or Agent satisfaction;

      (r)   Working capital targets; and

      (s)   Economic Value Added;

      (t)   Revenue growth;

      (u)   Assets under management growth; and

      (v)   Rating Agencies' ratings.

      Any Performance Measure (s) may be used to measure the performance of the
Company as a whole or any business unit of the Company or any combination
thereof, as the Committee may deem appropriate, or any of the above Performance
Measures as compared to the performance of a group of comparator companies, or
published or special index that the Committee, in its sole discretion, deems
appropriate. In the Award Agreement, the Committee also has the authority to
provide for accelerated vesting of any Award based on the achievement of
Performance Goal(s).

      The Committee may provide in any Award Agreement that any evaluation of
attainment of a Performance Goal may include or exclude any of the following
events that occurs during the relevant period: (a) asset write-downs; (b)
litigation or claim judgments or settlements; (c) the effect of changes in tax
laws, accounting principles, or other laws or provisions affecting reported
results; (d) any reorganization and restructuring programs; (e) extraordinary
nonrecurring items as described in Accounting Principles Board Opinion No. 30
and/or in management's discussion and analysis of

                                       18
<PAGE>

financial condition and results of operations appearing in the Company's annual
report to shareholders for the applicable year; (f) acquisitions or
divestitures; and (g) foreign exchange gains and losses. To the extent such
inclusions or exclusions affect Awards to Insiders, they shall be prescribed in
a form that meets the requirements of Code Section 162(m) for deductibility.

      In the event that applicable tax and/or securities laws change to permit
Committee discretion to alter the governing Performance Measures without
obtaining shareholder approval of such changes, the Committee shall have sole
discretion to make such changes without obtaining shareholder approval. In
addition, in the event that the Committee determines that it is advisable to
grant Awards to Insiders that shall not qualify as Performance-Based
Compensation, the Committee may make such grants without satisfying the
requirements of Code Section 162(m).

ARTICLE 12. BENEFICIARY DESIGNATION

      A Participant's "beneficiary" is the person or persons entitled to receive
payments or other benefits or exercise rights that are available under the Plan
in the event of the Participant's death. A Participant may designate a
beneficiary or change a previous beneficiary designation at such times
prescribed by the Committee by using forms and following procedures approved or
accepted by the Committee for that purpose. If no beneficiary designated by the
Participant is eligible to receive payments or other benefits or exercise rights
that are available under the Plan at the Participant's death the beneficiary
shall be the Participant's estate.

      Notwithstanding the provisions above, the Committee may in its discretion,
after notifying the affected Participants, modify the foregoing requirements,
institute additional requirements for beneficiary designations, or suspend the
existing beneficiary designations of living Participants or the process of
determining beneficiaries under this Article 12, or both, in favor of another
method of determining beneficiaries.

ARTICLE 13. DEFERRALS AND SHARE SETTLEMENTS

      Notwithstanding any other provision under the Plan, the Committee may
permit or require a Participant to defer such Participant's receipt of any
Award, or payment in consideration of any Award, under the terms of this Plan or
another Plan. To the extent such deferral is permitted by the Committee under
the terms of this Plan rather than another Plan, the Committee shall establish
rules and procedures for such deferrals as it sees fit.

ARTICLE 14. RIGHTS OF EMPLOYEES AND AGENTS

      14.1 EMPLOYMENT. Nothing in the Plan or an Award Agreement shall interfere
with or limit in any way the right of the Company or an Affiliate to terminate
any Participant's employment, Agency or other service relationship at any time,
nor confer upon any Participant any right to continue in the capacity in which
he or she is employed or otherwise serves the Company or an Affiliate.

      Neither an Award nor any benefits arising under this Plan shall constitute
part of an employment or Agency contract with the Company or an Affiliate and,
accordingly, subject to the terms of this Plan, this Plan may be terminated or
modified at any time in the sole and exclusive discretion of the Committee
without giving rise to liability on the part of the Company or an Affiliate for
severance payments or otherwise except as provided in this Plan.

                                       19
<PAGE>

      For purposes of the Plan, unless otherwise provided by the Committee,
transfer of employment or Agency of a Participant between the Company and an
Affiliate or among Affiliates, shall not be deemed a termination of employment
or Agency. The Committee may stipulate in a Participant's Award Agreement or
otherwise the conditions under which a transfer of employment or Agency to an
entity that is spun-off from the Company or an Affiliate or a vendor to the
Company or an Affiliate, if any, shall not be deemed a termination of employment
or Agency for purposes of an Award.

      14.2 PARTICIPATION. No Employee or Agent shall have the right to be
selected to receive an Award. No Employee or Agent, having been selected to
receive an Award, shall have the right to be selected to receive a future Award
or (if selected to receive such a future Award) the right to receive such a
future Award on terms and conditions identical or in proportion in any way to
any prior Award.

      14.3 RIGHTS AS A SHAREHOLDER. A Participant shall have none of the rights
of a shareholder with respect to Shares covered by any Award until the
Participant becomes the record holder of such Shares.

ARTICLE 15. CHANGE OF CONTROL

      15.1 ACCELERATED VESTING AND PAYMENT. Subject to the provisions of Section
15.2 or as otherwise provided in the Award Agreement, in the event of a Change
of Control, unless otherwise specifically prohibited under law or by the rules
and regulations of a national security exchange:

            (a)   Any and all Options and SARs granted hereunder shall become
                  immediately exercisable; additionally, if a Participant's
                  employment or Agency is involuntarily terminated for any
                  reason except Cause within twelve (12) months of such Change
                  in Control, the Participant shall have until the earlier of
                  (i) twelve (12) months following such termination date , or
                  (ii) the term of the Option or SAR, to exercise such Options
                  or SARs;

            (b)   Any Period of Restriction and other restrictions imposed on
                  Restricted Stock or Restricted Stock Units shall lapse, and
                  Restricted Stock Units shall be immediately payable;

            (c)   The target payout opportunities attainable under all
                  outstanding Awards of performance-based Restricted Stock,
                  performance-based Restricted Stock Units, Performance Units,
                  and Performance Shares (including but not limited to Awards
                  intended to be Performance-Based Compensation) shall be deemed
                  to have been fully earned based on targeted performance being
                  attained as of the effective date of the Change of Control:

                  (i)   The vesting of all Awards denominated in Shares shall be
                        accelerated as of the effective date of the Change of
                        Control, and shall be paid out to Participants within
                        thirty (30) days following the effective date of the
                        Change of Control; and

                                       20
<PAGE>

                  (ii)  Awards denominated in cash shall be paid to Participants
                        in cash within thirty (30) days following the effective
                        date of the Change of Control;

            (d)   Upon a Change of Control, unless otherwise specifically
                  provided in a written agreement entered into between the
                  Participant and the Company or an Affiliate, the Committee
                  shall immediately vest and pay out all Cash-Based Awards and
                  Other Stock-Based Awards as determined by the Committee; and

            (e)   The Committee shall have the ability to unilaterally determine
                  that all outstanding Awards are cancelled upon a Change in
                  Control, and the value of such Awards, as determined by the
                  Committee in accordance with the terms of the Plan and the
                  Award Agreement, be paid out in cash in an amount based on the
                  Change of Control Price within a reasonable time subsequent to
                  the Change in Control; provided, however, that no such payment
                  shall be made on account of an ISO using a value higher than
                  the FMV on the date of settlement.

      15.2 ALTERNATIVE AWARDS. Notwithstanding Section 15.1, no cancellation,
acceleration of vesting, lapsing of restrictions, payment of Award, cash
settlement or other payment shall occur with respect to any Award if the
Committee reasonably determines in good faith prior to the occurrence of a
Change of Control that such Award shall be honored or assumed, or new rights
substituted therefor (such honored, assumed or substituted Award hereinafter
called an "Alternative Award") by any successor as described in Article 18;
provided that any such Alternative Award must:

            (a)   Be based on stock which is traded on an established U.S.
                  securities market, or that the Committee reasonably believes
                  will be so traded within sixty (60) days after the Change of
                  Control;

            (b)   Provide such Participant with rights and entitlements
                  substantially equivalent to or better than the rights, terms
                  and conditions applicable under such Award, including, but not
                  limited to, an identical or better exercise or vesting
                  schedule and identical or better timing and methods of
                  payment;

            (c)   Have substantially equivalent economic value to such Award
                  (determined at the time of the Change of Control); and

            (d)   Have terms and conditions which provide that in the event that
                  the Participant's employment or Agency is involuntarily
                  terminated or Constructively Terminated, any conditions on a
                  Participant's rights under, or any restrictions on transfer or
                  exercisability applicable to, each such Alternative Award
                  shall be waived or shall lapse, as the case may be.

ARTICLE 16. AMENDMENT, MODIFICATION, SUSPENSION, AND TERMINATION

      16.1 AMENDMENT, MODIFICATION, SUSPENSION, AND TERMINATION. The Committee
or Board may, at any time and from time to time, alter, amend, modify, suspend,
or terminate the Plan in whole or in part; provided however, that:

                                       21
<PAGE>

            (a)   Without the prior approval of the Company's shareholders,
                  Options and SARs issued under the Plan will not be repriced,
                  replaced, or regranted through cancellation or by lowering the
                  exercise price of a previously granted Option.

            (b)   To the extent necessary under any applicable law, regulation
                  or exchange requirement, no amendment shall be effective
                  unless approved by the shareholders of the Company in
                  accordance with applicable law, regulation, or exchange
                  requirement.

      16.2 ADJUSTMENT OF AWARDS UPON THE OCCURRENCE OF CERTAIN UNUSUAL OR
NONRECURRING EVENTS. The Committee may make adjustments in the terms and
conditions of, and the criteria included in, Awards in recognition of unusual or
nonrecurring events (including, without limitation, the events described in
Section 4.2 hereof) affecting the Company or the financial statements of the
Company or of changes in applicable laws, regulations, or accounting principles,
whenever the Committee determines that such adjustments are appropriate in order
to prevent unintended dilution or enlargement of the benefits or potential
benefits intended to be made available under the Plan. The determination of the
Committee as to the foregoing adjustments, if any, shall be conclusive and
binding on Participants under the Plan. To the extent such adjustment affects
Awards to Insiders intended to be Performance-Based Compensation, they shall be
prescribed in a form that meets the requirements of Code Section 162(m) for
deductibility.

      16.3 AWARDS PREVIOUSLY GRANTED. Notwithstanding any other provision of the
Plan to the contrary, no termination, amendment, suspension, or modification of
the Plan shall adversely affect in any material way any Award previously granted
under the Plan, without the written consent of the Participant holding such
Award.

ARTICLE 17. WITHHOLDING

      The Company or any Affiliate shall have the power and the right to deduct
or withhold, or require a Participant to remit to the Company or any Affiliate,
an amount sufficient to satisfy federal, state, and local taxes, domestic or
foreign (including the Participant's FICA obligation), required by law or
regulation to be withheld with respect to any taxable event arising or as a
result of this Plan. The Committee may provide for Participants to satisfy
withholding requirements by having the Company withhold Shares or the
Participant making such other arrangements, in either case on such conditions as
the Committee specifies.

ARTICLE 18. SUCCESSORS

      Any obligations of the Company or an Affiliate under the Plan with respect
to Awards granted hereunder, shall be binding on any successor to the Company or
Affiliate, respectively, whether the existence of such successor is the result
of a direct or indirect purchase, merger, consolidation, or otherwise, of all or
substantially all of the business and/or assets of the Company or Affiliate, as
applicable.

ARTICLE 19. GENERAL PROVISIONS

      19.1 FORFEITURE EVENTS. Without limiting in any way the generality of the
Committee's power to specify any terms and conditions of an Award consistent
with law, and for greater clarity, the Committee may specify in an Award
Agreement that the Participant's rights, payments, and benefits with respect to
an Award shall be subject to reduction, cancellation, forfeiture, or recoupment
upon

                                       22
<PAGE>

the occurrence of certain specified events, in addition to any otherwise
applicable vesting or performance conditions of an Award. Such events shall
include, but shall not be limited to, failure to accept the terms of the Award
Agreement, termination of employment or Agency under certain or all
circumstances, violation of material Company and Affiliate policies, breach of
noncompetition, confidentiality, nonsolicitation, noninterference, corporate
property protection, or other agreement that may apply to the Participant, or
other conduct by the Participant that is detrimental to the business or
reputation of the Company and Affiliates.

      19.2 LEGEND. The certificates for Shares may include any legend that the
Committee deems appropriate to reflect any restrictions on transfer of such
Shares.

      19.3 DELIVERY OF TITLE. The Company shall have no obligation to issue or
deliver evidence of title for Shares issued under the Plan prior to:

            (a)   Obtaining any approvals from governmental agencies that the
                  Company determines are necessary or advisable; and

            (b)   Completion of any registration or other qualification of the
                  Shares under any applicable national or foreign law or ruling
                  of any governmental body that the Company determines to be
                  necessary or advisable.

      19.4 INVESTMENT REPRESENTATIONS. The Committee may require each
Participant receiving Shares pursuant to an Award under this Plan to represent
and warrant in writing that the Participant is acquiring the Shares for
investment and without any present intention to sell or distribute such Shares.

      19.5 EMPLOYEES AND AGENTS BASED OUTSIDE OF THE UNITED STATES. Without
limiting in any way the generality of the Committee's powers under this Plan,
including but not limited to the power to specify any terms and conditions of an
Award consistent with law, in order to comply with the laws in other countries
in which the Company or an Affiliate operates or has Employees or Agents, the
Committee, in its sole discretion, shall have the power and authority,
notwithstanding any provision of the Plan to the contrary, to:

            (a)   Determine which Affiliates shall be covered by the Plan;

            (b)   Determine which Employees and Agents outside the United States
                  are eligible to participate in the Plan;

            (c)   Modify the terms and conditions of any Award granted to
                  Employees or Agents outside the United States to comply with
                  applicable foreign laws;

            (d)   Establish subplans and modify exercise procedures and other
                  terms and procedures, to the extent such actions may be
                  necessary or advisable. Any subplans and modifications to Plan
                  terms and procedures established under this Section 19.5 by
                  the Committee shall be attached to this Plan document as
                  appendices; and

                                       23
<PAGE>

            (e)   Take any action, before or after an Award is made, that it
                  deems advisable to obtain approval or comply with any
                  necessary local government regulatory exemptions or approvals.

      Notwithstanding the above, the Committee may not take any actions
hereunder and no Awards shall be granted that would violate the Exchange Act,
the Code, any securities law, or governing statute or any other applicable law.

      19.6 UNCERTIFICATED SHARES. To the extent that the Plan provides for
issuance of certificates to reflect the transfer of Shares, the transfer of such
Shares may be effected on a noncertificated basis to the extent not prohibited
by applicable law or the rules of any stock exchange.

      19.7 UNFUNDED PLAN. Participants shall have no right, title, or interest
whatsoever in or to any investments that the Company or an Affiliate may make to
aid it in meeting its obligations under the Plan. Nothing contained in the Plan,
and no action taken pursuant to its provisions, shall create or be construed to
create a trust of any kind, or a fiduciary relationship between the Company or
an Affiliate and any Participant, beneficiary, legal representative, or any
other person. Awards shall be general, unsecured obligations of the Company,
except that if an Affiliate executes an Award Agreement instead of the Company
the Award shall be a general, unsecured obligation of the Affiliate and not any
obligation of the Company. To the extent that any individual acquires a right to
receive payments from the Company or an Affiliate, such right shall be no
greater than the right of an unsecured general creditor of the Company or
Affiliate, as applicable. All payments to be made hereunder shall be paid from
the general funds of the Company or Affiliate, as applicable, and no special or
separate fund shall be established and no segregation of assets shall be made to
assure payment of such amounts except as expressly set forth in the Plan. The
Plan is not intended to be subject to ERISA.

      19.8 NO FRACTIONAL SHARES. No fractional Shares shall be issued or
delivered pursuant to the Plan or any Award Agreement. In such an instance,
unless the Committee determines otherwise, fractional Shares and any rights
thereto shall be forfeited or otherwise eliminated.

      19.9 OTHER COMPENSATION AND BENEFIT PLANS. Nothing in this Plan shall be
construed to limit the right of the Company or an Affiliate to establish other
compensation or benefit plans, programs, policies, or arrangements. Except as
may be otherwise specifically stated in any other benefit plan, policy, program,
or arrangement, no Award shall be treated as compensation for purposes of
calculating a Participant's rights under any such other plan, policy, program,
or arrangement.

      19.10 NO CONSTRAINT ON CORPORATE ACTION. Nothing in this Plan shall be
construed (i) to limit, impair or otherwise affect the Company's or an
Affiliate's right or power to make adjustments, reclassifications,
reorganizations or changes of its capital or business structure, or to merge or
consolidate, or dissolve, liquidate, sell, or transfer all or any part of its
business or assets, or (ii) to limit the right or power of the Company or an
Affiliate to take any action which such entity deems to be necessary or
appropriate.

                                       24
<PAGE>

ARTICLE 20. LEGAL CONSTRUCTION

      20.1 GENDER AND NUMBER. Except where otherwise indicated by the context,
any masculine term used herein also shall include the feminine, the plural shall
include the singular, and the singular shall include the plural.

      20.2 SEVERABILITY. In the event any provision of the Plan shall be held
illegal or invalid for any reason, the illegality or invalidity shall not affect
the remaining parts of the Plan, and the Plan shall be construed and enforced as
if the illegal or invalid provision had not been included.

      20.3 REQUIREMENTS OF LAW. The granting of Awards and the issuance of
Shares under the Plan shall be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or national
securities exchanges as may be required. The Company or an Affiliate shall
receive the consideration required by law for the issuance of Awards under the
Plan.

      The inability of the Company or an Affiliate to obtain authority from any
regulatory body having jurisdiction, which authority is deemed by the Company's
or the Affiliate's counsel to be necessary to the lawful issuance and sale of
any Shares hereunder, shall relieve the Company or Affiliate of any liability in
respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained.

      20.4 GOVERNING LAW. The Plan and each Award Agreement shall be governed by
the laws of the State of Delaware, excluding any conflicts or choice of law rule
or principle that might otherwise refer construction or interpretation of the
Plan to the substantive law of another jurisdiction.

                                       25

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