Document:

EX-10.4

 Exhibit 10.4 

PERFORMANCE SHARE UNIT AGREEMENT 

Brighthouse Financial, Inc. confirms that, on [grant date] (the “Grant Date”), it granted
you, [name], [number] Performance Share Units (your “Performance Share Units”). Your Performance Share Units are subject to the terms and conditions of the Brighthouse Financial, Inc. 2017 Stock and Incentive
Compensation Plan (the “Plan”) and this Performance Share Agreement (this “Agreement”), which includes the Award Agreement Supplement (the “Supplement”). Please note that the Supplement includes terms for forfeiture of
your Performance Share Units under some circumstances. 
 Standard Terms. 

(a)    These terms are the “Standard Terms” and will apply to your Performance Share Units except in so far as
Sections S-2 (“Change of Status”), S-3 (“Change of Control”), or S-15 (“Restrictive Covenants”)
apply. If Shares are delivered to you, you will receive evidence of ownership of those Shares. 
 (b)    The Performance
Period for your Performance Share Units will begin on January 1, [year] and end on the December 31 immediately preceding the third anniversary of the beginning of the Performance Period. After the conclusion of the
Performance Period, the Committee shall certify in writing the number of Performance Share Units payable in accordance with these Standard Terms (your “Final Performance Share Units”), and your Final Performance Share Units will be
converted into, and will be due and payable in, Shares at the time specified in Section S-8 (“Timing of Payment”). 

(c)    Based on the Company’s achievement of the performance factors described in this Agreement (including the
Appendices hereto), you may be eligible for a payment of up to [•]% of your Performance Share Units. Notwithstanding any other terms of this Agreement, your payment may not exceed this amount. 

(d)    If, under Section (c) of these Standard Terms, you are eligible for a payment, the Committee will determine
your Final Performance Share Units by multiplying your Performance Share Units by the “Final Performance Factor.” The Final Performance Factor means a percentage (from zero to [●]%) determined by
the Committee in its discretion. In exercising its discretion, the Committee may consider the weighted average of the [two] performance factors (each from zero to [●]%), described in (1) and (2)
below, or such other adjustments or considerations it deems appropriate in its discretion. 
 (1)    The first
performance factor has a [●]% weighting and will be based on the Company’s performance with respect to [description of first performance factor] for the period beginning on
[●] and ending on [●], as determined by the Committee in its discretion. In exercising its discretion, the Committee may refer to the guidelines in Performance Factor
Appendix [1] to this Agreement, or such other considerations as it finds appropriate. 

 (2)    The second performance factor has a
[●]% weighting and will be based on the Company’s performance with respect to [description of second performance factor], as determined by the Committee in its discretion. In exercising its
discretion, the Committee may refer to the guidelines in Performance Factor Appendix [2] to this Agreement, or such other considerations as it finds appropriate. 

(e)    [The Performance Share Units granted to you pursuant to this Agreement are subject to and conditioned upon
shareholder approval of the Plan. You acknowledge and agree that, in the event shareholders do not approve the Plan, your Performance Share Units granted pursuant to this Agreement will be canceled and this Agreement will be void ab initio.]

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

  
 2EX-10.5

 Exhibit 10.5 

RESTRICTED STOCK UNIT AGREEMENT

(Ratable Period of Restriction Ends in Thirds) 

Brighthouse Financial, Inc. confirms that, on [grant date] (the “Grant Date”), it granted
you, [name], [number] Restricted Stock Units. Your Restricted Stock Units are subject to the terms and conditions of the Brighthouse Financial, Inc. 2017 Stock and Incentive Compensation Plan (the “Plan”) and
this Restricted Stock Unit Agreement (this “Agreement”), which includes the Award Agreement Supplement (the “Supplement”). Please note that the Supplement includes terms for forfeiture of your Restricted Stock Units under some
circumstances. 
 Standard Terms. 

(a) These terms are the “Standard Terms” and will apply to your Restricted Stock Units except in so far as Sections S-2 (“Change of Status”), S-3 (“Change of Control”), or S-15 (“Restrictive Covenants”) of the Supplement
apply. If Shares are paid to you, you will receive evidence of ownership of those Shares. 
 (b) The Period of Restriction for your
Restricted Stock Units will end in stages on the first business day in March on or following each of the first three anniversaries of the Grant Date. Each portion of your Restricted Stock Units subject to a different Period of Restriction shall be
referred to as a “Unit Tranche” and during its Period of Restriction as an “Outstanding Unit Tranche.” The Period of Restriction for one-third (1/3rd) of your Restricted Stock Units
(rounding down to the nearest whole number of Restricted Stock Units, the “First Unit Tranche”) will begin on the Grant Date and end on the first business day in March on or following the first anniversary of the Grant Date. The Period of
Restriction for one-third (1/3rd) of your Restricted Stock Units (rounding down to the nearest whole number of Restricted Stock Units, the “Second Unit Tranche”) will begin on the Grant Date and end
on the first business day in March on or following the second anniversary of the Grant Date. The Period of Restriction for each of your Restricted Stock Units not included in either the First or the Second Unit Tranches (the “Third Unit
Tranche”) will begin on the Grant Date and end on the first business day in March on or following the third anniversary of the Grant Date. 

(c) Each Unit Tranche will be due and payable in the form of Shares after the conclusion of the Period of Restriction applicable to that Unit
Tranche, at the time specified in Section S-8 (“Timing of Payment”). 
 (d) [The
Restricted Stock Units granted to you pursuant to this Agreement are subject to and conditioned upon shareholder approval of the Plan. You acknowledge and agree that, in the event shareholders do not approve the Plan, your Restricted Stock Units
granted pursuant to this Agreement will be canceled and this Agreement will be void ab initio.] 
 IN WITNESS WHEREOF, Brighthouse
Financial, Inc. has caused this Agreement to be offered to you, and you have accepted this Agreement by the electronic means made available to you.EX-10.6

 Exhibit 10.6 

Non-Qualified Stock Option Agreement 

(Ratable Exercisability in Thirds) 

Brighthouse Financial, Inc. (the “Company”) confirms that, on [DATE] (the “Grant Date”) it granted you, [NAME], [NUMBER]
Stock Options (your “Stock Options”). Your Stock Options are subject to the terms and conditions of the Brighthouse Financial, Inc. 2017 Stock and Incentive Compensation Plan (the “Plan”) and this
Non-Qualified Stock Option Agreement (this “Agreement”), which includes the Award Agreement Supplement (the “Supplement”). Please note that the Supplement includes terms for forfeiture of
your Stock Options under some circumstances. 
 Standard Terms. 

(a) Each Stock Option entitles you to purchase one Share for $[CLOSING PRICE ON GRANT DATE] per Share, the Closing Price on the Grant
Date (the “Exercise Price”). 
 (b) Except as provided in Sections S-2 (“Change of
Status”), S-3 (“Change of Control”) or S-15 (“Restrictive Covenants”) of the Supplement, one-third (1/3)
of your Stock Options will become exercisable on each of the first, second and third anniversaries of the Grant Date, and you may exercise your Stock Options until the close of business on [DAY PRIOR TO 10TH ANNIVERSARY OF GRANT DATE] [(the “Standard Terms”). Neither this date, nor any other deadline for exercise of your Stock Options under this Agreement, will be extended
regardless of whether you are unable to exercise your Stock Options on that date because it is not a business day, due to trading limitations, or otherwise. 

(c) [The Stock Options granted to you pursuant to this Agreement are subject to and conditioned upon shareholder approval of the Plan. You
acknowledge and agree that, in the event shareholders do not approve the Plan, your Stock Options granted pursuant to this Agreement will be canceled and this Agreement will be void ab initio.] 

(d) You may exercise any of your Stock Options that have become exercisable by notifying the Company, using procedures that the Committee will
establish for this purpose, and paying for the Shares at the time you exercise your Stock Options. You may exercise your Stock Options only if the price of the Shares is greater than the Exercise Price. Any exercisable Stock Options that you fail to
exercise within the applicable period for exercise will be forfeited. 
 (e) You must exercise your Stock Options in accordance with the
Company’s insider trading policy and any applicable pre-trading clearance procedures. Your exercise of Stock Options or sale of Shares may be prohibited at certain times, or delayed, due to Share trading
volume limitations imposed by the Company. The issuance of Shares pursuant to your Stock Options is subject to all applicable laws, rules and regulations, and to any approvals by any governmental agencies or national securities exchanges as may be
required. No Shares will be issued upon exercise of any of your Stock Options if that issuance or exercise would result in a violation of applicable law, including the federal securities laws and any applicable state or foreign securities laws. 

 (f) You may pay the Exercise Price in a form specified by the Committee. The value paid must have
a value as of the date tendered that is at least equal to the Exercise Price, using a valuation method determined by the Committee. 
 (g)
The number of Shares issuable upon exercise of your Stock Options shall be reduced to the nearest whole Share. If you retain some or all of the Shares after you exercise your Stock Options, you will receive evidence of ownership of those Shares.

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

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