Document:

EX-10.4

 Exhibit 10.4 

EXECUTION VERSION 

JOINDER TO AMENDED AND RESTATED CREDIT
AGREEMENT AND CREDIT DOCUMENTS 
 This JOINDER TO AMENDED AND RESTATED
CREDIT AGREEMENT AND CREDIT DOCUMENTS (this “Joinder”), is dated this 10th day of June, 2014, by and among Kirk & Nice, Inc., a Pennsylvania corporation and Kirk & Nice Suburban Chapel, Inc., a Pennsylvania corporation
(each, a “New Borrower” and together, the “New Borrowers”), and the other Credit Parties (as defined below), in favor of the Lenders (as defined below) and Bank of America, N.A., a national banking association
organized and existing under the laws of the United States of America, as Administrative Agent for the benefit of the Lenders (in such capacity, the “Administrative Agent”), as Collateral Agent for the benefit of the Secured Parties
(in such capacity, the “Collateral Agent”), as Swing Line Lender and as L/C Issuer. 
 BACKGROUND 

A. Pursuant to that certain Third Amended and Restated Credit Agreement, entered into on January 19, 2012, as amended, by and among
StoneMor GP LLC, a Delaware limited liability company (the “General Partner”), StoneMor Partners L.P., a Delaware limited partnership (the “Partnership”), StoneMor Operating LLC, a Delaware limited liability company
(the “Operating Company”), the Subsidiaries of the Operating Company set forth on the signature pages thereto (together with the Operating Company, the “Existing Borrowers” and collectively with the New Borrowers,
the “Borrowers” and together with the General Partner and the Partnership, collectively the “Credit Parties”), the lenders party thereto (the “Lenders”), the Administrative Agent, Raymond James
Bank, FSB, as Syndication Agent, and Capital One, National Association, as Documentation Agent (as so amended, and as amended, restated, modified or otherwise supplemented from time to time, the “Credit Agreement”), the Lenders
agreed, inter alia, to extend to the Borrowers a single revolving credit facility in the maximum aggregate principal amount of One Hundred Thirty Million Dollars ($140,000,000). 

B. Pursuant to the Credit Agreement and the Credit Documents, the Existing Borrowers have granted to the Collateral Agent, for the benefit of
the Secured Parties, a lien on and security interest in substantially all of their property and assets to secure all Secured Obligations (as defined in each Security Document). 

C. Contemporaneously herewith, certain of the Existing Borrowers have entered into (a) an Asset Sale Agreement dated as of April 2,
2014 for a purchase price not to exceed $53,055,000 (subject to certain adjustments set forth therein) together with assumption of certain liabilities set forth therein, and (b) an Asset Sale Agreement dated as of April 2, 2014 for a
purchase price not to exceed $745,000 (subject to certain adjustments set forth therein), together with assumption of certain liabilities set forth therein (together, the “Acquisition Agreements”), to acquire certain cemeteries,
funeral homes (including acquisition of the New Borrowers), crematory businesses and various related assets in Florida, North Carolina, Virginia and Pennsylvania (the “Acquired Assets”). 

D. The New Borrowers will benefit, directly and indirectly, from credit and other financial accommodations extended by the Lenders to the
Borrowers. 

 Now, therefore, for value received, and in consideration of Loans made or to be made, and other
credit accommodations given or to be given, to the Borrowers by the Lenders from time to time, the New Borrowers and each other Credit Party hereby agree as follows: 

1. Except as expressly set forth herein, all capitalized terms used and not defined herein shall have the respective meanings ascribed thereto
in the Credit Agreement. 
 2. Each Borrower represents and warrants that the purchase of the Acquired Assets pursuant to the Acquisition
Agreements, including, without limitation, the making of any Loans relating thereto, conforms, or will conform at the time of the related acquisition, in all respects with all the requirements of the Credit Agreement (other than any requirements
waived in writing by Required Lenders). 
 3. Each New Borrower acknowledges and agrees that it hereby agrees to join as a
“Borrower” under the Credit Agreement, and to join, in the same capacity as the Existing Borrowers, in the Notes, the Security Agreement, the Pledge Agreement, and the other Security Documents and Credit Documents. 

4. This Joinder is effective upon the date of each New Borrower’s execution and delivery hereof to the Administrative Agent and upon such
execution and delivery, all references in: (a) the Credit Agreement and other Credit Documents to the terms “Borrower” or “Borrowers”; (b) the Pledge Agreement to the terms “Pledgor” or “Pledgors”;
and (c) the Security Agreement to the terms “Debtor” and “Debtors”, shall be deemed to include the New Borrowers. Without limiting the generality of the foregoing, (i) the New Borrowers hereby affirm all grants
(including the grant of a lien and security interest), covenants, agreements, representations, and warranties (except to the extent expressly relating to an earlier date) contained in the Credit Agreement, the Pledge Agreement, and the Security
Agreement, as amended hereby, each and all of which are and shall remain applicable to the Collateral from time to time owned by the New Borrowers or in which the New Borrowers from time to time have any rights and (ii) in order to secure
payment of the Secured Obligations, whether now existing or hereafter arising, the New Borrowers do hereby grant to Collateral Agent, for the benefit of the Secured Parties, and hereby agree that Collateral Agent has and shall continue to have, for
the benefit of the Secured Parties, a Lien on, among other things, substantially all of the New Borrower’s property and assets (except for the New Borrower’s lands in licensed cemeteries for which the applicable Governmental Authority has
not given approval for the granting of a Lien thereon pursuant to applicable law), constituting Collateral of the New Borrowers, and each and all granting clauses in the Credit Documents are incorporated herein by reference with the same force and
effect as if set forth herein in their entirety except that all references in such clauses to the Borrowers, the Pledgors, the Debtors or any of them shall be deemed to include references to the New Borrowers. Nothing contained herein shall in any
manner impair the priority of the liens and security interests heretofore granted in favor of Collateral Agent under the Security Agreement, the Pledge Agreement or any other Credit Document. 

5. The information set forth on Schedule A hereto, shall be added to various Annexes to the Pledge Agreement and the Security Agreement
described thereon, and such Annexes are amended hereby and thereby. 

  
 - 2 - 

 6. In connection with the execution and delivery of this Joinder, the Existing Borrowers and the
New Borrowers have delivered or will deliver to the Administrative Agent or the Collateral Agent, as appropriate, such deliveries as are required by the Credit Agreement, including, without limitation: (a) certificates representing the Equity
Interest in the New Borrowers, together with assignments in blank (or such other similar deliveries as may be appropriate in the reasonable discretion of the Administrative Agent); (b) allonges joining the New Borrowers to each Note; (c) a
master secretary’s certificate attaching the organizational documents and authorizing resolutions for the New Borrowers and any other applicable Credit Party; (d) mortgages, deeds of trust and other real estate related documentation; and
(e) legal opinions with respect to the above deliveries. 
 7. The New Borrowers represent and warrant that upon each becoming a
Borrower, the New Borrowers are in compliance in all material respects, with all representations and warranties, are and shall be bound by and agrees to comply with the covenants contained in the Credit Agreement and other Credit Documents and are
not in default in the performance or observation of any covenant or condition under the Credit Agreement or any Credit Document. 
 8. The
New Borrowers hereby acknowledge and agree that the Secured Obligations are secured by all of their respective assets constituting Collateral according to, and otherwise on and subject to, the terms and conditions of the Security Agreement, the
Pledge Agreement and the other Credit Documents to the same extent and with the same force and effect as if the New Borrower had originally been one of the Borrowers under the Credit Agreement and had originally executed the same as such a Borrower.

 9. Except as specifically modified hereby, all of the terms and conditions of the Credit Agreement and other Credit Documents shall
remain unchanged and in full force and effect. 
 10. The New Borrowers agree to execute and deliver such further instruments and documents
and do such further acts and things as the Administrative Agent, or the Collateral Agent, may reasonably deem necessary or proper to carry out more effectively the purposes of this Joinder and the Credit Documents. 

11. No reference to this Joinder need be made in the Credit Agreement or in any other Credit Document, and any reference to any Credit
Document in any Credit Document shall be deemed a reference to the Credit Documents as modified hereby, and to include this Joinder, allonges and all other documents executed and delivered in connection herewith. 

12. This Joinder shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

13. This Joinder shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania without reference to the
choice of law doctrine of the Commonwealth of Pennsylvania. 
 14. This Joinder may be executed by facsimile or scanned e-mail attachment
and in any number of counterparts with the same affect as if all of the signatures on such counterparts appeared on one document and each counterpart shall be deemed an original. 

  
 - 3 - 

 15. The New Borrowers hereby waive acceptance of this Joinder by any and all of the Secured
Parties. 
 [Remainder of page intentionally left blank] 

  
 - 4 - 

 This Joinder to Amended and Restated Credit Agreement and Credit Documents is hereby delivered,
acknowledged and agreed to as of the date first above written. 
  

			
	New Borrowers
	
	Kirk & Nice, Inc., a Pennsylvania corporation
		
	By:	 	 /s/ Frank Milles

	Name:	 	Frank Milles
	Title:	 	Vice President
	
	Kirk & Nice Suburban Chapel, Inc., a Pennsylvania corporation
		
	By:	 	 /s/ Frank Milles

	Name:	 	Frank Milles
	Title:	 	Vice President

  
 Joinder 

New Borrower Signature Page 

S-1 

					
	Credit Parties
		
		 	STONEMOR GP LLC
		
	By:	 	 /s/ Timothy K. Yost

		 	Name:	 	Timothy K. Yost
		 	Title:	 	Chief Financial Officer
		
		 	STONEMOR PARTNERS L.P.
		 	By:	 	STONEMOR GP LLC
		 		 	its General Partner
		
	By:	 	 /s/ Timothy K. Yost

		 	Name:	 	Timothy K. Yost
		 	Title:	 	Chief Financial Officer
		
		 	STONEMOR OPERATING LLC
		
	By:	 	 /s/ Timothy K. Yost

		 	Name:	 	Timothy K. Yost
		 	Title:	 	Chief Financial Officer

  
 Joinder 

Credit Parties Signature Page 

S-2 

 Additional Credit Parties 

Alleghany Memorial Park Subsidiary, Inc. 
 Altavista Memorial
Park Subsidiary, Inc. 
 Arlington Development Company 
 Augusta
Memorial Park Perpetual Care Company 
 Bethel Cemetery Association 

Beth Israel Cemetery Association of Woodbridge, New Jersey 

Birchlawn Burial Park Subsidiary, Inc. 
 Bronswood Cemetery, Inc.

 Cedar Hill Funeral Home, Inc. 
 Cemetery Investments
Subsidiary, Inc. 
 Chapel Hill Associates, Inc. 
 Chapel Hill
Funeral Home, Inc. 
 Clover Leaf Park Cemetery Association 

Columbia Memorial Park Subsidiary, Inc. 
 Cornerstone Family
Insurance Services, Inc. 
 Cornerstone Family Services of New Jersey, Inc. 

Cornerstone Family Services of West Virginia Subsidiary, Inc. 

Covenant Acquisition Subsidiary, Inc. 
 Covington Memorial Funeral
Home, Inc. 
 Covington Memorial Gardens, Inc. 
 Crown Hill
Cemetery Association 
 Eloise B. Kyper Funeral Home, Inc. 

Forest Lawn Gardens, Inc.Forest Lawn Memorial Chapel, Inc. 

Forest Lawn Memory Gardens, Inc. 
 Glen Haven Memorial Park
Subsidiary, Inc. 
 Henry Memorial Park Subsidiary, Inc. 

Highland Memorial Park, Inc. 
 Hillside Memorial Park Association,
Inc. 
 Kingwood Memorial Park Association 
 KIRIS Subsidiary,
Inc. 
 Lakewood/Hamilton Cemetery Subsidiary, Inc. 
 Lakewood
Memory Gardens South Subsidiary, Inc. 
 Laurel Hill Memorial Park Subsidiary, Inc. 

Laurelwood Holding Company 
 Legacy Estates, Inc. 

Locustwood Cemetery Association 
 Loewen [Virginia] Subsidiary,
Inc. 
 Lorraine Park Cemetery Subsidiary, Inc. 
 Modern Park
Development Subsidiary, Inc. 
 Northlawn Memorial Gardens 
 Oak
Hill Cemetery Subsidiary, Inc. 
  

			
	By:	 	 /s/ Frank Milles

 Frank Milles, as Vice President for each of the above-named Credit Parties, except as President of Bethel Cemetery Association

  
 Joinder 

Additional Credit Parties Signature Page 

S-3 

 Ohio Cemetery Holdings, Inc. 

Osiris Holding Finance Company 
 Osiris Holding of Maryland
Subsidiary, Inc. 
 Osiris Holding of Rhode Island Subsidiary, Inc. 

Osiris Management, Inc. 
 Osiris Telemarketing Corp. 

Perpetual Gardens.Com, Inc. 
 Prince George Cemetery Corporation

 PVD Acquisitions Subsidiary, Inc. 
 Rockbridge Memorial
Gardens Subsidiary Company 
 Rose Lawn Cemeteries Subsidiary, Incorporated 

Roselawn Development Subsidiary Corporation 
 Russell Memorial
Cemetery Subsidiary, Inc. 
 Shenandoah Memorial Park Subsidiary, Inc. 

Sierra View Memorial Park 
 Southern Memorial Sales Subsidiary,
Inc. 
 Springhill Memory Gardens Subsidiary, Inc. 
 Star City
Memorial Sales Subsidiary, Inc. 
 Stephen R. Haky Funeral Home, Inc. 

Stitham Subsidiary, Incorporated 
 StoneMor Alabama Subsidiary,
Inc. 
 StoneMor California, Inc. 
 StoneMor California
Subsidiary, Inc. 
 StoneMor Georgia Subsidiary, Inc. 
 StoneMor
Hawaii Subsidiary, Inc. 
 StoneMor North Carolina Funeral Services, Inc. 

StoneMor Ohio Subsidiary, Inc. 
 StoneMor Puerto Rico Cemetery and
Funeral, Inc. 
 StoneMor Tennessee Subsidiary, Inc. 
 StoneMor
Washington, Inc. 
 Sunset Memorial Gardens Subsidiary, Inc. 

Sunset Memorial Park Subsidiary, Inc. 
 Temple Hill Subsidiary
Corporation 
 The Valhalla Cemetery Subsidiary Corporation 

Virginia Memorial Service Subsidiary Corporation 
 W N C
Subsidiary, Inc. 
 Wicomico Memorial Parks Subsidiary, Inc. 

Willowbrook Management Corp. 
  

			
	By: 	 	 /s/ Frank Milles

 Frank Milles, as Vice President for each of the above-named Credit Parties 

  
 Joinder 

Additional Credit Parties Signature Page 

S-4 

 Alleghany Memorial Park LLC 

Altavista Memorial Park LLC 
 Birchlawn Burial Park LLC 

Cemetery Investments LLC 
 Cemetery Management Services, L.L.C.

 Cemetery Management Services of Ohio, L.L.C. 
 CMS West LLC

 CMS West Subsidiary LLC 
 Columbia Memorial Park LLC 

Cornerstone Family Services of West Virginia LLC 
 Cornerstone
Funeral and Cremation Services LLC 
 Cornerstone Trust Management Services LLC 

Covenant Acquisition LLC 
 Glen Haven Memorial Park LLC 

Henlopen Memorial Park LLC 
 Henlopen Memorial Park Subsidiary LLC

 Henry Memorial Park LLC 
 Juniata Memorial Park LLC 

KIRIS LLC 
 Lakewood/Hamilton Cemetery LLC 

Lakewood Memory Gardens South LLC 
 Laurel Hill Memorial Park LLC

 Loewen [Virginia] LLC 
 Lorraine Park Cemetery LLC 

Modern Park Development LLC 
 Oak Hill Cemetery LLC 

Osiris Holding of Maryland LLC 
 Osiris Holding of Pennsylvania
LLC 
 Osiris Holding of Rhode Island LLC 
 Plymouth Warehouse
Facilities LLC 
 PVD Acquisitions LLC 
 Rockbridge Memorial
Gardens LLC 
 Rolling Green Memorial Park LLC 
 Rose Lawn
Cemeteries LLC 
 Roselawn Development LLC 
 Russell Memorial
Cemetery LLC 
 Shenandoah Memorial Park LLC 
 Southern Memorial
Sales LLC 
 Springhill Memory Gardens LLC 
 Star City Memorial
Sales LLC 
 Stitham LLC 
  

			
	By: 	 	 /s/ Frank Milles

 Frank Milles, as Vice President for each of the above-named Credit Parties 

  
 Joinder 

Additional Credit Parties Signature Page 

S-5 

 StoneMor Alabama LLC 

StoneMor Arkansas Subsidiary LLC 
 StoneMor Cemetery Products LLC

 StoneMor Colorado LLC 
 StoneMor Colorado Subsidiary LLC 

StoneMor Florida Subsidiary LLC 
 StoneMor Georgia LLC 

StoneMor Hawaii LLC 
 StoneMor Hawaiian Joint Venture Group LLC

 StoneMor Holding of Pennsylvania LLC 
 StoneMor Illinois LLC

 StoneMor Illinois Subsidiary LLC 
 StoneMor Indiana LLC 

StoneMor Indiana Subsidiary LLC 
 StoneMor Iowa LLC 

StoneMor Iowa Subsidiary LLC 
 StoneMor Kansas LLC 

StoneMor Kansas Subsidiary LLC 
 StoneMor Kentucky LLC 

StoneMor Kentucky Subsidiary LLC 
 StoneMor Michigan LLC 

StoneMor Michigan Subsidiary LLC 
 StoneMor Mississippi LLC 

StoneMor Mississippi Subsidiary LLC 
 StoneMor Missouri LLC 

StoneMor Missouri Subsidiary LLC 
 StoneMor North Carolina LLC

 StoneMor North Carolina Subsidiary LLC 
 StoneMor Ohio LLC

 StoneMor Oklahoma LLC 
 StoneMor Oklahoma Subsidiary LLC 

StoneMor Oregon LLC 
 StoneMor Oregon Subsidiary LLC 

StoneMor Pennsylvania LLC 
 StoneMor Pennsylvania Subsidiary LLC

 StoneMor Puerto Rico LLC 
 StoneMor Puerto Rico Subsidiary
LLC 
 StoneMor South Carolina LLC 
 StoneMor South Carolina
Subsidiary LLC 
 StoneMor Washington Subsidiary LLC 
  

			
	By: 	 	 /s/ Frank Milles

 Frank Milles, as Vice President for each of the above-named Credit Parties 

  
 Joinder 

Additional Credit Parties Signature Page 

S-6 

 Sunset Memorial Gardens LLC 

Sunset Memorial Park LLC 
 Temple Hill LLC 

The Valhalla Cemetery Company LLC 
 Tioga County Memorial Gardens
LLC 
 Virginia Memorial Service LLC 
 WNCI LLC 

Wicomico Memorial Parks LLC 
 Woodlawn Memorial Park Subsidiary
LLC 
  

			
	By: 	 	 /s/ Frank Milles

 Frank Milles, as Vice President for each of the above-named Credit Parties 

  
 Joinder 

Additional Credit Parties Signature Page 

S-7 

			
	ACKNOWLEDGED BY:
	
	BANK OF AMERICA, N.A., as Collateral Agent
		
	By:	 	 /s/ Christine Trotter

	Name:	 	Christine Trotter
	Title:	 	Assistant Vice PresidentMET-2014.6.30-EX10.2

Exhibit 10.2 
METLIFE PLAN FOR TRANSITION ASSISTANCE FOR OFFICERS
Amended and Restated Effective April 1, 2014

METLIFE PLAN FOR TRANSITION ASSISTANCE FOR OFFICERS
(PLAN TO PROVIDE FOR THE PAYMENT OF SEVERANCE PAY AND OTHER BENEFITS TO CERTAIN OFFICERS WHO ARE INVOLUNTARILY DISCONTINUED.)

ARTICLE 1     THE PLAN: EFFECTIVE DATE: PLAN YEAR: DEFINITIONS
§  1.1        The Plan:  This plan shall be known as the MetLife Plan for Transition   Assistance for Officers (hereafter called the "Plan").

§  1.2        Effective Date:  The effective date of the Plan is January 1, 2000.  The Plan was most recently amended and restated effective as of April 1, 2014.

§  1.3        Plan Year:  The Plan Year shall be a calendar year.

§  1.4        Definitions:  Unless the context otherwise requires, the terms defined below shall have the following meanings for all purposes of the Plan.

§ 1.4.01    Affiliate:  "Affiliate" means any corporation which is in the same controlled group of corporations, within the meaning of Section 414(b) of the Internal Revenue Code, as the Company and any other trade or business which is part of the same commonly controlled group of trades or businesses, within the meaning of Section 414(c) of the Internal Revenue Code, as the Company.

§ 1.4.02    Company:  "Company" means the Metropolitan Life Insurance Company.

§ 1.4.03    Date of Discontinuance of Employment:  "Date of Discontinuance of Employment" means the date set by the Company or Subsidiary as the date the Employee separates from the service of the Company or Subsidiary.  The Company or Subsidiary reserves the right to alter the Date of Discontinuance of Employment at its sole and absolute discretion for any reason it deems appropriate.
    
§ 1.4.04    Disability:  "Disability" means that the employee is disabled as defined in the "Disability" section of
		
	(a)
	the MetLife Options Short Term Disability Summary Plan Description and is receiving Short Term Disability benefits under MetLife Options (or the successor plan(s) to such plan(s)); or

		
	(b)
	the MetLife Options Long Term Disability Summary Plan Description and is receiving Long Term Disability benefits under MetLife Options (or the successor plan(s) to such plan(s)).

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§ 1.4.05    Discontinuance of Employment:
(a)  "Discontinuance of Employment" means a Discontinuance of Employment Under the Provisions of the Staffing Adjustment Policy.
(b)  Notwithstanding the foregoing, and without limitation, the following shall not constitute a Discontinuance of Employment:
(1)  The transfer of an Employee to or from the Company, to or from the Subsidiary or to or from a MetLife Enterprise Affiliate;
(2)  The transfer of an Employee to, or the offer of employment to an Employee by, an employer other than a MetLife Enterprise Affiliate as a result of a sale, merger, acquisition, outsourcing of a function or similar transaction, provided the Employee continues to, or the offer of employment is for the Employee to continue to, perform the same or similar duties immediately following such transfer or immediately upon the start of employment pursuant to such offer.  The determination of whether an employee continues to, or the offer of employment is for the Employee to continue to, perform the same or similar duties immediately following such transfer or immediately upon the start of employment pursuant to such offer shall be exclusively determined by the Company or Subsidiary; 
(3)  The voluntary cessation of employment with the Company or Subsidiary prior to the Date of Discontinuance of Employment;
(4)  The termination of employment of an Employee who has entered into a written employment contract or severance agreement with the Company or a MetLife Enterprise Affiliate or is eligible under any other severance plan maintained or sponsored by the Company, a Subsidiary or a MetLife Enterprise Affiliate; 
(5)  A Discontinuance of Employment for Cause.

§ 1.4.06    Discontinuance of Employment for Cause:  "Discontinuance of Employment for Cause" means the involuntary cessation of an Employee's employment with the Company or Subsidiary because the Employee has either:
(a)  engaged in a serious infraction of Company or Subsidiary policy, theft of Company or Subsidiary property or services or other dishonest conduct otherwise injurious to the interests of the Company or Subsidiary, each as determined solely by the Company or Subsidiary; or
(b)  demonstrated unacceptable lateness or absenteeism.

§ 1.4.07    Discontinuance of Employment for Performance:  "Discontinuance of Employment for Performance" means the involuntary cessation of an Employee's employment with the Company or Subsidiary because the Employee has failed to meet standards of job performance despite the Employee’s good faith and diligent efforts to perform all aspects of the Employee’s job, including all performance improvement assignments and expectations, each as determined solely by the Company or a Subsidiary in its discretion, or, in the event of a claim, by the Plan Administrator in its discretion.

§ 1.4.08    Discontinuance of Employment Under the Provisions of the Company's Staffing Adjustment Policy:  "Discontinuance of Employment under the Provisions of the Company's Staffing Adjustment Policy" means the involuntary cessation of an Employee’s employment with the Company or Subsidiary because of a Job Elimination or a Discontinuation of Employment for Performance.  In addition, the Company or Subsidiary may, in its sole and absolute discretion, deem certain circumstances as voluntarily resigning from the Company or Subsidiary.  Those Employees who voluntarily resign under such deemed circumstances will not be eligible under the Plan unless the Plan Administrator determines that under the circumstances the Employee should be deemed to have been terminated under the Company’s Staffing 

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Adjustment Policy.  An Employee may be deemed to have been terminated under this Policy whether or not the Employee was subject to a Job Elimination.

§ 1.4.09    Employee:  "Employee" means anyone who:
(a)  is employed by the Company or a Subsidiary and compensated in or from the United States, and
(b)  is either:
(1)  a regular full-time employee, or
(2)  a regular part-time employee whose regularly scheduled annual service is 1,000 hours or more in a 12-month period, and
(c)  is any one or more of (1)  an officer of the Company, MetLife Group, Inc., Metropolitan Property and Casualty Insurance Company, or MetLife Bank, National Association; or (2) anyone whose compensation is classified in the Company’s or Subsidiary’s employee compensation classification system in an officer or officer-equivalent grade level, in each case as determined by the Company or Subsidiary in its discretion, or, in the event of a claim, by the Plan Administrator in its discretion, and
(d)  is not a temporary employee, and
(e)  has not received a "Notice of Continued Eligibility" under the terms of the MetLife Severance Pay Plan for Officers, as amended (and whose employment is discontinued on or prior to December 31, 2000), and
(f)  is not a leased employee within the meaning of Internal Revenue Code §414(n), and
(g)  is not performing services for the Company or a Subsidiary under an agreement in which such individual acknowledges that he or she is an independent contractor and that he or she is not entitled to participate in the Company’s or Subsidiary’s employee benefit plans, or under an agreement entered into between the Company or a Subsidiary and some other person (other than a MetLife Enterprise Affiliate), in either case notwithstanding the fact that a regulatory body or court determines that such an individual is a common law employee.

The classification of “Employee” will be conclusively determined by the Company or Subsidiary in its sole and absolute discretion.

§ 1.4.10    Equivalent Week's Salary:  "Equivalent Week's Salary" means the amount of annual Salary divided by fifty-two (52).

§ 1.4.11    Job Elimination:  "Job Elimination" means the Company’s or Subsidiary’s determination that an Employee’s position has been or will be eliminated because of a Company or Subsidiary staffing adjustment or other organizational change, expense reduction considerations, office closings or relocations (where such relocations results in an Employee becoming eligible to receive benefits under the Company’s or a Subsidiary’s relocation policy) including but not limited to adjustments in the number of staff in a department or unit or the elimination of all or some of the functions of a department or unit, in which the Employee will not be replaced by another person in the same position, except where the Employee was, as of or immediately before the Date of Discontinuance of Employment, on a leave of absence or otherwise in inactive status, including but not limited to periods for which short-term or long-term disability benefits are paid, for a consecutive period of more than one year (i.e., does not return from leave or inactive status by the first anniversary of the beginning of the leave of inactive status) and is not returning immediately upon the conclusion of either (a) leave under the Family and Medical Leave Act or other law providing legally-protected leave, or (b) leave granted by the Company or Subsidiary as a reasonable accommodation of medical limitations.

4

§ 1.4.12    Job Elimination Participant:  “Job Elimination Participant” means any Employee who has received a Notice of Discontinuance and whose employment is terminated because of a Job Elimination.

§ 1.4.13    MetLife Enterprise Affiliate:  “MetLife Enterprise Affiliate” means MetLife, Inc. any Affiliate, or any “affiliate” of MetLife, Inc. as that term is defined in Rule 12b-2 of the General Rules and Regulations of the Securities and Exchange Act of 1934, as amended from time to time, including any corporation, partnership, joint venture, limited liability company, or other entity in which MetLife, Inc. owns, directly or indirectly, at least fifty percent (50%) of the total combined number of all securities entitling the holders thereof to vote in an annual election of directors of the company, or of the capital interests or profits interest of such partnership or entity.

§ 1.4.14    Notice of Discontinuance:  “Notice of Discontinuance” means written notice by the Company or Subsidiary to an Employee which advises such Employee of his or her Date of Discontinuance of Employment.

§ 1.4.15    Outplacement Assistance:  "Outplacement Assistance" means such program for assistance with career planning and strategy development and job placement the content and terms of which are determined solely by the Company or Subsidiary at its discretion. 

§ 1.4.16    Participant:  “Participant” means either a Job Elimination Participant or a Performance Participant.

§ 1.4.17    Performance Participant:  "Performance Participant" means any Employee who has received a Notice of Discontinuance and whose employment is terminated because of Discontinuance of Employment for Performance; provided, however, that the Company or Subsidiary may in its sole discretion deem any Employee whose employment is terminated because of Discontinuance of Employment for Performance to be a Performance Participant.

§ 1.4.18    Salary: "Salary" means the Employee's base salary as of the Date of Discontinuance of Employment, excluding overtime, premium pay, incentive compensation, and bonus payments paid to the Employee by the Company or Subsidiary for services rendered, before any payroll deductions, including taxes.

§ 1.4.19    Separation Agreement:  “Separation Agreement” means an agreement which includes a general release duly executed in favor of the Company and/or Subsidiary in the form prescribed by the Company or Subsidiary which has become final and irrevocable in accordance with the provisions of the Separation Agreement and applicable law.  Such Separation Agreement may include, without limitation, an acknowledgment that neither the Company nor Subsidiary, nor any of their subsidiaries or affiliates shall have any obligation to rehire the Participant at any time.

§ 1.4.20    Service:  "Service" means the whole number of the Employee's completed years of employment with the Company, Subsidiary and/or Affiliate.  Completed years of employment will be computed based on the anniversaries of the date the Employee was first employed by the Company, Subsidiary, and/or Affiliate and ending on the Date of Discontinuance of Employment.  However, if the Employee incurred any break in service, the period of Service will be computed as illustrated in the ”Summary Plan Description of the Metropolitan Life Retirement Plan for United States Employees.”

5

“Service” shall also mean the whole number of the Employee’s completed years of employment with the following entities or any of such entities’ affiliates immediately prior to the closing of the acquisition of all or a portion of the stock or assets of such entities by the Company, Subsidiary or an Affiliate, as reflected in the records of such acquired entities immediately prior to such closing:
(i)EverBank Reverse Mortgage, LLC.
(ii)First Horizon Home Loans, an operating division of First Tennessee Bank National Association.
(iii)SafeGuard Health Plans, Inc., a California Corporation.
(iv)American Life Insurance Company.

(a)  In the event that severance pay was previously paid to an Employee by the Company, Subsidiary, or an Affiliate under this Plan or a similar plan of the Company, a Subsidiary or Affiliate, and such reemployment occurs after the full number of weeks used to determine the amount of such previous Severance Pay under the Plan, completed years of employment will be computed from the date the Employee was first reemployed by the Company, Subsidiary, or Affiliate after the cessation of employment for which prior severance pay was paid.  For purposes of the break in service rules set forth in the Summary Plan Description of the Metropolitan Life Retirement Plan for United States Employees, in no event shall any Service of an Employee that was rendered prior to the cessation of employment for which prior severance pay was paid be counted.
(b)  If the Employee is a regular full-time Employee with a period of employment with the Company, Subsidiary, or Affiliate as a part-time Employee, or a regular part-time Employee with a period of service as a regular full-time Employee, the Employee will be given credit for part-time Service in accordance with the Summary Plan Description of the Metropolitan Life Retirement Plan for United States Employees.

§ 1.4.21    Severance Pay:  "Severance Pay" means the Participant’s Equivalent Week’s Salary multiplied by the sum of twenty-eight (28) plus the Participant’s Service, provided, however, that if the sum is greater than fifty-two (52), the sum shall be deemed to be fifty-two (52), and provided further, however, that if the Participant is a Performance Participant, the sum shall be further divided by two (2).

§ 1.4.22    Subsidiary:  "Subsidiary" means the following Affiliate(s) of the Company:
(a) Metropolitan Property and Casualty Insurance Company.
(b) MetLife Bank, National Association.
(c) MetLife Group, Inc.

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ARTICLE 2     FUNDING

§ 2.1        Funding:  The Plan is an unfunded employee benefit plan established by the Company and the benefit payable under the Plan to Employees shall be paid out of the general assets of the Company or a Subsidiary that formerly employed the Employee.

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ARTICLE 3     FIDUCIARIES

§ 3.1        Named Fiduciary:  The Named Fiduciary of the Plan with authority to control and manage the operation and administration of the Plan is the Company.

§ 3.2        Plan Administrator:  The Plan Administrator is the Company or its designate.

§ 3.3        Delegation of Responsibilities:  The Company, as Named Fiduciary of the Plan, hereby designates the Chief Executive Officer or his designate to carry out all of the Company’s fiduciary responsibilities under the Plan.

§ 3.4        Powers of the Plan Administrator:  In carrying out the fiduciary responsibilities delegated to it, the Plan Administrator shall have the power to:
(a)  Interpret and construe the provisions of the Plan, decide any disputes that may arise as to the rights of Employees to the benefit under the Plan and, in general, direct the administration of the Plan in accordance with its terms.
(b)  Adopt such rules and procedures as the Plan Administrator may deem necessary or appropriate in the exercise of its authority and discharge of its obligations under the Plan.
(c)  Delegate to one or more other persons such administrative obligations as it deems appropriate.
(d)  Do all other acts, take all other proceedings and exercise such other rights and privileges, though not specifically mentioned herein, as the Plan Administrator may deem necessary or appropriate to carry out the purposes of the Plan in compliance with applicable law.

§ 3.5        Service of Legal Process:  The Plan Administrator is designated the Plan's agent for service of legal process.

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ARTICLE 4    PLAN BENEFITS

§ 4.1        Severance Pay:  The Company or Subsidiary may, in its sole and absolute discretion, grant Severance Pay to a Participant as determined under the terms of this Plan, provided that the Participant has entered into a Separation Agreement.  The Plan Administrator may, in its sole and absolute discretion, grant Severance Pay in excess of or less than the amount reflected in this Plan taking all pertinent facts and circumstances into consideration, including but not limited to any amount to which the Company or Subsidiary offers or pays to a Participant as a result of the Participant’s Discontinuance of Employment pursuant to any applicable law. The Company or Subsidiary, or where appropriate, the Plan Administrator, will determine, on a case-by-case basis, whether a Participant is entitled to Severance Pay and the amount thereof.

Notwithstanding any other provision of this Section 4.1 to the contrary, the Compensation Committees of the Boards of Directors of the Company and MetLife, Inc. must approve the amount and payment of any Severance Pay under the Plan made to an Employee who is a member of the Executive Group of the Company or MetLife, Inc. on such Employee’s Date of Discontinuance.

§ 4.2        Payment of Severance Pay:  If a Participant’s Separation Agreement is final by the Payment Deadline, Severance Pay and any other amounts offered to the Participant contingent on a final Separation Agreement (other than as provided in an award agreement under the MetLife, Inc. 2005 Stock and Incentive Compensation Plan) shall be paid to the Participant in a lump sum after the Participant’s Separation Agreement is final, and on or before the Payment Deadline.  If a Participant’s Separation Agreement is final after the Payment Deadline, Severance Pay shall be paid in cash to the Participant in a lump sum in the calendar year specified in the Separation Agreement.  For this purpose, the “Payment Deadline” shall be March 15 of the calendar year after the earlier of (i) the date the Separation Agreement was offered to the Participant, (ii) the Participant’s Date of Discontinuance of Employment, or (iii) the date of the Participant’s separation from service determined under Internal Revenue Code Section 409A, to the extent that date differs from the Participant’s Date of Discontinuance.  If a Participant’s Separation Agreement is final, amounts offered to the Participant contingent on a final Separation Agreement as provided in an award agreement under the MetLife, Inc. 2005 Stock and Incentive Compensation Plan shall be paid to the Participant at the time prescribed in such award agreement. 

§ 4.3        Outplacement Assistance:  The Company or Subsidiary may, in its sole and absolute discretion, grant Outplacement Assistance to a Participant.  The Company or Subsidiary may, in its sole and absolute discretion, grant Outplacement Assistance in excess of or less than the amount reflected in this Plan taking all pertinent facts and circumstances into consideration. The Company or Subsidiary will determine, on a case-by-case basis, whether a Participant is entitled to Outplacement Assistance and the nature and duration thereof.

§ 4.4        Rehire:  If a Participant is reemployed in a position with the Company or a MetLife Enterprise Affiliate comparable to the Participant’s last position with the Company or a MetLife Enterprise Affiliate within one year of the Date of Discontinuance of Employment, the Company or MetLife Enterprise Affiliate may, in its sole and absolute discretion, require the Participant to repay a prorated portion of the Severance Pay received.

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ARTICLE 5    OPERATION OF THE PLAN

§ 5.1        Effect of Severance Pay on Other Benefit Determinations:  Receipt by the Participant of Notice Period Pay, Severance Pay, or Outplacement Assistance shall have no effect on the determination of benefits under any Employee benefit plan, except as provided in those respective plans.  In no event will any Participant be entitled to receive any pay or benefits under both this Plan and any other severance plan maintained by the Company, Subsidiary, or Affiliate in connection with the same Discontinuance of Employment.

§ 5.2        Effect of Death Prior to Date of Discontinuance of Employment:  If death of a Participant occurs prior to the established Date of Discontinuance of Employment, no benefits shall be payable under the Plan.

§ 5.3        Death of Participant Subsequent to Date of Discontinuance of Employment:  If a Participant dies after Date of Discontinuance of Employment, the balance of any Severance Pay due the Participant will be paid to the Participant's estate as soon after the Participant's death as may be practicable.

§ 5.4        Effect of Disability or Leave of Absence Prior to Discontinuance of Employment:   The Company or any Subsidiary may determine any Participant’s Date of Discontinuance of Employment without regard to the Participant’s Disability.  The Company may, but is not required to, offer a Participant a leave of absence prior to the Participant’s Date of Discontinuance of Employment.  Nothing in this Section shall be construed to limit the right of the Company or any Subsidiary to determine in its discretion the terms and conditions of employment.

§ 5.5        Claims and Review Procedures:
(a)  Claims Procedure.  If any person believes he/she is being denied any rights or benefits under this Plan, such person may, in writing, request reconsideration from the Plan Administrator.  If any such claim is wholly or partially denied, the Plan Administrator will notify such person of its decision in writing.  Such notification will be written in a manner calculated to be understood by such person and will contain (i) specific reasons for the denial, (ii) specific reference to pertinent Plan provisions, (iii) a description of any additional material or information necessary for such person to perfect such claim and an explanation of why such material or information is necessary and (iv) information as to the steps to be taken if the person wishes to submit a request for review.  Such notification will be given within 90 days after the claim is received by the Plan Administrator (or within 180 days, if special circumstances require an extension of time for processing the claim, and if written notice of such extension and circumstances is given to such person within the initial 90 day period).
(b)  Review Procedure.  Within 60 days after the date on which a person receives a written notice of a denied claim (or, if applicable, within 60 days after the date on which such denial is considered to have occurred) such person (or a duly authorized representative) may (i) file a written request with the Plan Administrator for a review of the denied claim and of pertinent documents and (ii) submit written issues and comments to the Plan Administrator.  The Plan Administrator will notify such person of its decision in writing.  Such Notification will be written in a manner calculated to be understood by such person and will contain specific reasons for the decision as well as specific references to pertinent Plan provisions.  The decision on review will be made within 60 days after the request for review is received by the Plan Administrator (or within 120 days, if special circumstances require an extension of time for processing the request, such as an election by the Plan Administrator to hold a hearing, and if written notice of such extension and circumstances is given to such person within the initial 

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60 day period).  If the decision on review is not made within such period, the claim will be considered denied.
(c)  Any person must exhaust the claims and review process described in this Section 5.5 of the Plan as a condition of bringing legal action under or related to the Plan.  No claim for rights or benefits under the Plan, or otherwise arising under the Plan, will be valid if it brought more than six (6) months after the end of the year in which that person’s Date of Discontinuance of Employment occurred.  No suit to recover benefits under this Plan shall be brought more than six (6) months following the exhaustion of the claims and review process described in this Plan.

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ARTICLE 6 AMENDMENT AND TERMINATION OF PLAN

§ 6.1        Amendment:  The Company may amend or terminate this Plan or any benefit or coverage thereunder at any time by means of a written instrument executed by a person authorized by the Company, subject to the limitations of this section.  Except as hereinafter stated, the Chief Executive Officer of the Company or his designate is authorized to amend this Plan by formal action.  Any amendment or group of amendments adopted on the same date, which would increase or decrease the annual cost of Plan benefits for Participants by $10 million or more shall be adopted by formal action of the Board of Directors of the Company.

§ 6.2        Termination of Plan:  The Company reserves the right to terminate the Plan at any time.  This Plan shall not automatically terminate on any date.

§ 6.3        Limitation on Amendment and Termination of Plan:  If an eligible Participant has granted a Separation Agreement, no Amendment or Termination of this Plan by the Company shall diminish the Participant's rights obtained pursuant to this Plan.

§ 6.4        Construction of Plan Provisions:  The Plan Administrator shall have full and complete sole and absolute discretion to interpret and construe all Plan provisions, and such interpretation shall be final and binding on all Employees. 

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ARTICLE 7  CHANGE OF CONTROL

§ 7.1        Definitions:  The terms defined below shall have the following meanings for purposes of this Plan.

§ 7.1.01    A “Change of Control” shall be deemed to have occurred if:
(a)  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;
(b)  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 of Directors of MetLife, Inc. by a majority of the Incumbent Directors then still in office shall be deemed to be an Incumbent Director for purposes of this subsection 7(b);
(c)  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
(d)  any other event occurs which the Board of Directors of MetLife, Inc. declares to be a Change of Control.

§ 7.1.02    Definitions.  For purposes of this Article, including the definition of Change of Control in Section 7.1.01:
(a)  "Person" shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act, as supplemented by Section 13(d)(3) of the Exchange Act, and shall include any group (within the meaning of Rule 13d-5(b) under the Exchange Act); provided, however, that "Person" shall not include (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.
(b)  “Voting Power” shall mean such number of Voting Securities as shall enable the holders thereof to cast all the votes which could be cast in an annual election of directors of a company, and "Voting Securities" shall mean all securities entitling the holders thereof to vote in an annual election of directors of a company.
(c)  “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. (which definition shall apply for this purpose, rather than the definition in Section 1.4.01 of the Plan).

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§ 7.1.03    “Change of Control Participant” shall mean any Employee who prior to the second anniversary of a Change of Control:
(a)  is involuntarily terminated from employment for any reason other than solely for Gross Cause; or
(b)  suffers a Constructive Termination.

Provided, however, that no employee who has entered into a written employment contract with MetLife, Inc., the Company, a Subsidiary, or an Affiliate or who is an Exwcutive as defined in the MetLife Executive Severance Plan, in each case as of the time of the employee’s termination of employment, shall be a Change of Control Participant.  For purposes of determining who is a Change of Control Participant, the Company or Subsidiary shall not conclusively determine the classification of Employee in its sole and absolute discretion.

§ 7.1.04    “Constructive Termination” shall mean a voluntary termination of employment by an Employee within ten (10) business days after any of the following actions by the Company, Subsidiary, or person acting on behalf of either:
(a)  requiring the Employee to be based as his/her regular or customary place employment at any office or location more than 50 miles from the location at which the Employee performed his duties immediately prior to the Change of Control, or in a state other than the one in which the Employee performed his duties immediately prior to the  Change of Control, in each case except for travel reasonably required in the performance of the employee’s responsibilities;
(b)  reducing the Employee’s base salary below the rate in effect at the time of a Change of Control; or
(c)  failing to pay the Employee’s base salary, other wages, or employment-related benefits as required by law.

Failure by the Employee to voluntarily terminate employment within ten (10) business days of the occurrence of any event described in this definition shall not waive the Employee’s right to voluntary terminate employment as a Constructive Discharge within ten (10) business days of any subsequent event described in this definition.

§ 7.1.05    "Gross Cause" shall mean:
(a)  the Employee's conviction or plea of nolo contendere to a felony; or
(b)  an act of dishonesty or gross misconduct on the Employee's part which results or is intended to result in material damage to the Company's or Subsidiary's business or reputation.

§ 7.1.06    “Change of Control Separation Agreement” shall mean an agreement in the form of Appendix A to this Plan with the exact amount of Change of Control Severance Pay, as determined by the terms of this Plan, inserted where indicated.  The Plan Administrator may, however, change the return address indicated in Appendix A.

§ 7.1.07    “Change of Control Severance Pay” shall mean cash in at least the amount of Severance Pay as determined by Section 1.4.21 for a Job Elimination Participant; provided, however, that the Company shall not have the power to exercise any discretion to pay any lesser amount.  Solely for purposes of determining Change of Control Severance Pay:
(a)  “Salary,” as used for purposes of determining “Equivalent Week’s Salary,” shall mean at least the Employee’s base salary immediately prior to the Change of Control, excluding overtime, premium pay, incentive compensation, and bonus payments paid to the Employee by the Company or Subsidiary for services rendered, before any payroll deductions, including taxes;

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(b)  “Service” shall be determined as provided by Section 1.4.20 of the Plan; provided however that the definition of Continuous Service under MetLife Options (or the successor plan to MetLife Options, should Metlife Options be replaced with a successor plan(s) in force immediately prior to the Special Period) and the Company’s Continuous Service Date Policy in force immediately prior to the Change of Control shall be used for that purpose.

§ 7.1.08    “Change of Control Outplacement Assistance” shall mean an outplacement assistance program of at least the duration, quality, and value as was routinely provided to those Participants who were provided with such a program prior to the Change of Control.

§ 7.1.09    “Excise Tax” shall mean the tax imposed under Section 4999 of the United States Internal Revenue Code, as amended (or any similar tax that may hereafter be imposed).

§ 7.2        Amendment and Termination of the Plan after a Change of Control.  Notwithstanding any other provision of the Plan, this Plan shall neither be terminated, nor shall this Plan be amended, nor shall the Company or Subsidiary cease to be covered by this Plan, upon a Change of Control and until the second anniversary of that Change of Control.

§  7.3        Purpose of the Plan.  Upon a Change of Control, and until the second anniversary of that Change of Control, the purpose of the Plan shall be deemed to be “A Plan to Provide for the Payment of Special Severance Pay and Other Benefits to Certain Employees Whose Employment Terminates.”

§ 7.4        Eligibility for Special Severance Pay and Special Outplacement Assistance After a Change of Control.  Notwithstanding any other provision of the Plan, the Plan Administrator shall offer a Change of Control Agreement to each Change of Control Participant within ten (10) business days of the termination of a Change of Control Participant’s employment (as determined by this Article), and shall have no discretion to decline to do so or to offer any amount of severance pay in the Change of Control Agreement lower than the Change of Control Severance Pay provided by the terms of this Plan.  The Plan Administrator shall pay Change of Control Severance Pay and provide Special Outplacement Assistance to each Special Participant who executes a Change of Control Agreement that becomes final, according to the terms of the Change of Control Separation Agreement.

§ 7.5        Modification of Payments.  In the event that any of the payments or benefits under this Plan to a Participant would be an Excess Parachute Payment as defined in Section 280G of the Code, and would thereby subject the Change of Control Participant to any excise tax, and the net after-tax benefit that the Participant would receive by reducing payments and benefits under this Plan to the maximum amount which may be paid or provided to the Change of Control Participant without the Change of Control Participant becoming subject to any excise tax as a result of all payments or benefits due to the Change of Control Participant is greater than the net after-tax benefit the Executive would receive if the full amounts due under this Plan were paid to the Change of Control Participant, then the Change of Control Severance Pay payable to the Change of Control Participant shall be reduced (but not below zero) so that the Change of Control Severance Pay and all other payments or benefits due to the Change of Control Participant do not exceed the amount of the Payment Cap.  In making any and all determinations under this Section 7.5, the same assumptions and analyses shall be applied as are applied under Section 3(c)(iii) and (iv) of the MetLife Executive Severance Plan.

§ 7.6        Eligibility for Other Benefits After a Change of Control.  A Special Participant shall be considered a Participant under the Plan for any and all purposes under the Plan and other employee benefit plans of any Company or Subsidiary.

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§ 7.7        Restricted Powers of the Plan Administrator.  Upon a Change of Control, and until the second anniversary of that Change of Control:
(a)  the Plan Administrator shall not have the power to interpret and construe the provisions of the Plan in its discretion, nor have any of its powers or rights under Section 6.4 of this Plan, nor have the power to decide any disputes that may arise as to the rights of Employees to the benefits under the Plan or other employee benefit plans to the extent those rights depend on rights under this Plan;
(b)  no provision of this Plan shall entitle the Plan Administrator to standard of legal review of any of its decisions or determinations other than a plenary, de novo standard, or be construed to suggest that such standard of review is appropriate;
(c)  the Plan Administrator’s decisions and determinations during a Special Period shall be subject to a plenary, de novo standard of legal review; and
(d)  the Plan Administrator shall not have the power to adopt any new rules and procedures, or modify or terminate such rules and procedures as were adopted and were in force immediately prior to a Special Period.

§ 7.8        Change of Control Claims Review Procedure.  With regard to claims submitted on account of a termination of employment on or after a Change of Control and prior to the second anniversary of that Change of Control:
(a)  the period for Plan Administrator notification of claim determination shall be ten (10) business days from receipt of the claim, rather than the period otherwise provided in Section 5.5(a);
(b)  the extended period for Plan Administrator notification of claim determination shall be thirty (30) days, rather than the period otherwise provided in Section 5.5(a);
(c)  the period for Plan Administrator notification of decision on review of a claim shall be ten (10) business days from receipt of the claim, rather than the period otherwise provided in Section 5.5(b);
(d)  the extended period for Plan Administrator notification of decision on review of a claim shall be thirty (30) days, rather than the period otherwise provided in Section 5.5(b).

§ 7.9        Limitation of Subsequent Amendments or Termination.  Upon a Change of Control, no subsequent amendment or termination of this Plan shall diminish a Change of Control Participant’s rights under this Plan.  No amendment or termination of this Plan after a Change of Control shall amend or affect either this Section 7.9 or Section 6.3 of this Plan.

§ 7.10        Recovery with Interest.  Any Change of Control Participant who is a prevailing party in any suit to recover unpaid Change of Control Severance Pay under this Plan, to enforce the terms of this Plan, or for breach of a Change of Control Separation Agreement shall be entitled, as liquidated damages and not as a penalty, to pre-judgment and post-judgment interest compounded daily from the date of the breach of duty or other wrong and until payment is made in full, on any monies due as damages or otherwise a result of such breach of duty or wrong.  The interest rate for such purpose shall be the prime rate (as determined by the rate or average rate published by the Wall Street Journal for the majority of major banks on the date of the breach or wrongful action or failure to act) plus two percent (2%).

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ARTICLE 8  PARTICULAR TRANSACTIONS AND OUTSOURCINGS
[Reserved]    

IN WITNESS WHEREOF, the Company and each Subsidiary cause this MetLife Plan for Transition Assistance to be executed on the date indicated below each signature.

METROPOLITAN LIFE INSURANCE COMPANY
By /s/ Mark J. Davis    
Mark J. Davis
Vice-President
Plan Administrator

/s/ Andrew Bernstein    
Witness 

Date 4/21/2014    

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APPENDIX A TO THE METLIFE PLAN FOR TRANSITION ASSISTANCE
SEPARATION AGREEMENT, WAIVER, AND GENERAL RELEASE
This Agreement sets forth the entire agreement and understanding which has been reached relative to the cessation of your (___) employment with MetLife, Inc. or an affiliate thereof, as the case may be (such employer, "MetLife").  It is fully agreed and understood as follows:
1.  You agree that you release and discharge MetLife, its subsidiaries, and its affiliates, including but not limited to MetLife, Inc. (collectively, “the Company”) from any and all claims, demands, actions, liability, damages, back pay, attorneys’ fees, or rights of any and every kind or nature which you have against the Company arising out of arising out of or related to the discontinuance of your employment by MetLife, including claims arising under the Age Discrimination in Employment Act, as amended.  You agree to waive your rights, if any, under Section 1542 of the California Civil Code, which states "[A] GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM[/HER] MUST HAVE MUTUALLY AFFECTED HIS[/HER] SETTLEMENT WITH THE DEBTOR," and your rights, if any, under the New Jersey Conscientious Employee Protection Act.  This Agreement does not affect any rights that you may have arising out of events that occur after you have executed this Agreement.
2.  In consideration for the release set forth in Section 1 of this Agreement, MetLife, Inc. agrees to (a) pay you the sum of $________, less legally-required withholding for taxes (the “Severance Pay”), in a lump sum; (b) provide you with outplacement services as described more fully in an exhibit to this Agreement.  These payments and services are in additional to anything of value to which you are already entitled.  Severance Pay will be paid to you on before March 15 of the calendar year after the earlier of this Separation Agreement being offered to you or your last day of active service as an employee of MetLife, Inc. and its affiliates.
3.  You have forty-five (45) days in which to review this Agreement and fully consider its terms and any disclosure information that is attached as an exhibit to this Agreement prior to signing it.  You should consult with legal counsel prior to signing this Agreement (if you live/work in West Virginia, you may contact the state Bar Association, if you wish, at 1-800-642-3617).  You may accept this Agreement by fully executing it and returning it to MetLife, Inc. at 1 MetLife Plaza, Long Island City, NY  11101 attention:  General Counsel by no later than 5:00 p.m. on the forty-fifth (45th) day after your receipt of it.  After you have executed this Agreement, you will have seven (7) days to revoke this Agreement (except that if you are/were employed in Minnesota you will have fifteen (15) days to revoke this Agreement), which you may do by indicating your desire to do so in writing directed to MetLife, Inc. at the above address and attention.  MetLife, Inc. must receive any revocation no later than 5:00 p.m. on the seventh (7th) day following the date on which you executed this Agreement (except that if you are/were employed in Minnesota, MetLife, Inc. must receive your revocation by 5:00 PM on the fifteenth (15th) day following the date you executed this Agreement or you must have your revocation postmarked and sent by certified mail return receipt requested by the fifteenth (15th) day following the date you executed this Agreement).  This Agreement will become effective on the eighth (8th) day following your execution of this Agreement (except that if you are/were employed in Minnesota, this Agreement will become effective on the sixteenth (16th) date following your execution of this Agreement) (the “Effective Date”), provided you have not revoked it. 

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4.  This Agreement may not be changed except in a writing that specifically references this Agreement and that is signed by you and an officer of MetLife.  Any written stock option agreement into which you may have entered during your employment with MetLife remains in full force and effect.
I accept this Agreement:

________________________________________________ 
Signature

________________________________________________
Name 

________________________________________________
Date

METLIFE

By:  ____________________________________________ 
Signature

________________________________________________
Name 

________________________________________________
Date

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