Document:

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                                                                   EXHIBIT 10.70

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                                GENERAL AMERICAN
                             LIFE INSURANCE COMPANY
                        DIRECTORS' DEFERRED SAVINGS PLAN

                                                                            2002
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                           FOR NON-EMPLOYEE DIRECTORS

<PAGE>

<Table>
<S>                                                                       <C>
CONTENTS:  Overview ....................................................   2

           Eligibility .................................................   2

           Eligible Compensation .......................................   2

           Investment Funds ............................................   3

           Payouts and Distribution ....................................   3

           Changes in Investment Elections
           and/or Contribution Amounts .................................   4

           Security ....................................................   4

           Tax Status ..................................................   5

           Beneficiaries ...............................................   5

           Attachment -- Payouts and Distribution ......................   6

           Attachment -- Investment Account Information ................   7
</Table>

                     --------------------------------------

                                   QUESTIONS?

                           Nonqualified Plan Services
                                 Sandra Lukowsky
                     Phone: (877) 855-NQPS (6777), prompt 3
                               Fax: (314) 444-0428
                           E-mail: slukowsky@genam.com

                     --------------------------------------

                                       1
<PAGE>

THE FOLLOWING FACT SHEET IS A SUMMARY OF THE MAIN PROVISIONS OF THE GENERAL
AMERICAN LIFE INSURANCE COMPANY DIRECTORS' DEFERRED SAVINGS PLAN ("PLAN"). THE
OFFICIAL AND CONTROLLING PROVISIONS OF THIS PLAN ARE CONTAINED IN THE PLAN
DOCUMENT. YOU MAY REQUEST A COPY OF THE PLAN FROM NONQUALIFIED PLAN SERVICES. IN
CASE OF DIFFERENCES, THE OFFICIAL PLAN DOCUMENT ALWAYS PREVAILS. THE PLAN IS
SUBJECT TO CONTINUED COMPLIANCE WITH IRC REQUIREMENTS.

OVERVIEW:                  The Plan is a nonqualified deferral plan that
                           provides you a tax-advantaged opportunity to
                           voluntarily defer your retainer and meeting fees for
                           receipt in the future. The Plan also permits you to
                           allocate your deferred fees into an attractive array
                           of hypothetical investment options.

                           IN GENERAL, YOUR FUNDS UNDER THIS PLAN WILL NOT
                           BECOME AVAILABLE TO YOU UNTIL YOU RETIRE, RESIGN (OR
                           OTHERWISE TERMINATE FROM THE BOARD), IN A SPECIFIC
                           FUTURE YEAR YOU SELECT, AT DEATH OR AT DISABILITY.
                           ALTHOUGH YOUR DEFERRALS UNDER THIS PLAN MAY BE HELD
                           IN A RABBI TRUST, YOU WILL BE AN UNSECURED GENERAL
                           CREDITOR OF THE COMPANY AS TO YOUR BENEFIT IN THE
                           EVENT OF BANKRUPTCY OR INSOLVENCY. IN ADDITION, THE
                           COMPANY RETAINS THE RIGHT TO AMEND, OR TERMINATE THIS
                           PLAN IN ITS SOLE DISCRETION AT ANY TIME.

ELIGIBILITY:               You may participate if you are a non-employee member
                           of the Company's Board of Directors.

ELIGIBLE                   You may defer up to 100% of your Board retainer and
COMPENSATION:              meeting fees; minimum deferral, $2,000. Your annual
                           election to defer is irrevocable, so consider your
                           election carefully.

                                       2
<PAGE>

INVESTMENT FUNDS:          You can allocate your deferral contributions in 5%
                           increments among twelve (12) hypothetical investment
                           funds. Summaries are contained in "Investment Account
                           Information," attached to this Fact Sheet. The twelve
                           hypothetical investment options currently available
                           are:

                           o  MetLife SIP Fixed Income Fund, currently paying 7%

                           o  Loomis Sayles Bond Fund

                           o  Oakmark Fund

                           o  MetLife SIP Small Company Stock Fund

                           o  Oakmark International Portfolio

                           o  S&P 500 Index

                           o  Russell 2000

                           o  NASDAQ Composite Index

                           o  MSCI-EAFE Index

                           o  Lehman-Brothers Aggregate Bond Index

                           o  Merrill Lynch US High Yield Master II

                           o  MSCI Emerging Market Free Index

                           PRINCIPAL IS NOT GUARANTEED AND YOUR DEFERRALS ARE
                           NOT ACTUALLY INVESTED IN THESE ACCOUNTS, BUT WILL
                           REFLECT THE PERFORMANCE OF THESE ACCOUNTS AS IF THEY
                           WERE INVESTED IN THEM.

PAYOUTS &                  You may choose one of two distribution elections: (1)
DISTRIBUTIONS:             Termination or (2) a Specific Future Year not later
                           than the year you turn age 72. Termination means your
                           separation from Board service for any reason (e.g.,
                           retirement or resignation). Plus, payouts or
                           distributions may occur at your death, disability and
                           in cases of "unforeseen circumstances." Your elective
                           options and other distribution occurrences are
                           explained in "Payouts & Distributions," attached to
                           this Fact Sheet. Distributions will be a fraction of
                           your balance, with one as the numerator and the
                           remaining installments as the denominator (Example: 5
                           annual installments equal to 1/5, 1/4, 1/3, 1/2,
                           balance of account).

                                       3
<PAGE>

CHANGES IN INVESTMENT      You may change investment and savings decisions or
ELECTIONS AND/OR           transfer money among the various hypothetical
CONTRIBUTION AMOUNTS:      investment accounts by contacting:

                                           Nonqualified Plan Services
                                                 Sandra Lukowsky
                                     Phone: (877) 855-NQPS (6777), prompt 3
                                               FAX: (314) 444-0428
                                           E-mail:slukowsky@genam.com

<Table>
<Caption>
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YOU CAN MAKE THIS CHANGE:                          AS OFTEN AS:
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<S>                                     <C>
Transfer existing funds                 Once every month, effective the
                                        end of the day the request is
                                        received, if received before the
                                        close of the market for that day or
                                        as of the next business day, if
                                        received after the close of the
                                        market for that day.

--------------------------------------------------------------------------------
Change your investment elections        Once every month, effective the day the
for future savings                      request is received.

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Increase your deferral election         Once a year in the 4th quarter,
                                        effective January 1st

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Reduce your deferral election           Once a year in the 4th quarter,
                                        effective January 1st

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Stop your deferral election             At any time, effective with the next
                                        fee payment

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Resume deferral election                Once a year in the 4th quarter,
                                        effective January 1st
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</Table>

SECURITY:                  The Company has set up a so called "rabbi-trust"
                           (grantor trust), which may hold, invest and reinvest
                           the deferrals you make under this Plan. The Company
                           also anticipates acquiring corporate insurance
                           contracts and placing them in the trust to support
                           the Company's financial obligations and enhance the
                           security of this Plan. HOWEVER, UNDER CURRENT LAW IT
                           IS NOT POSSIBLE TO PROTECT THESE ASSETS FROM THE
                           CLAIMS OF THE COMPANY'S GENERAL CREDITORS IN THE
                           EVENT OF COMPANY BANKRUPTCY OR INSOLVENCY.

                                       4
<PAGE>

TAX STATUS:                Under current tax law, your retainer and meetings
                           fees are treated as self-employment income and are
                           subject to special rules, governing non-employee
                           directors, as to self-employment (SECA) taxes. For
                           your Board fees after 1990, there will be no federal
                           income taxation until you receive a distribution of
                           your deferral. There are several states, however
                           (notably Pennsylvania and New Jersey) that do not
                           recognize deferral of income and may impose state
                           income tax on your deferral contributions. At that
                           time, your deferral distribution will also be subject
                           to Social Security and Medicare taxes. Your
                           distributions are also "wages" for purposes of the
                           Social Security retirement income test and will be
                           included in earned income in the year received. This
                           could result in a reduced Social Security benefit for
                           you if distributed before age 70.

                           NOTE: The Internal Revenue Service requires your
                           deferral elections (as to the amount, and the timing
                           and form of distributions) to be irrevocable for any
                           one year. You can change your future elections, but
                           once you have made an election for a particular year
                           it cannot be changed.

BENEFICIARIES:             You may name anyone you desire to be the beneficiary
                           or beneficiaries of your account balance under this
                           Plan by completing the Beneficiary Designation
                           Form(s) contained in your enrollment kit. Your
                           beneficiary designations have important estate
                           distribution and estate/inheritance tax consequences.
                           You are encouraged to consult with your own legal
                           counsel in selecting your beneficiary or
                           beneficiaries.

                                       5
<PAGE>

                             PAYOUTS & DISTRIBUTIONS
<Table>
<Caption>
                                                     DISTRIBUTION OF
                          EVENT                      ACCOUNT BALANCE
                 ------------------------    -----------------------------------
<S>              <C>                         <C>
                 Termination                 Up to 15 annual installments
                 ------------------------    -----------------------------------

PARTICIPANT      Fixed Future Year           Up to 15 annual installments
ELECTION         (Not later than the year
OPTIONS          you turn age 72)
                 ------------------------    -----------------------------------

                 Disability                  Up to 15 annual installments
                 ------------------------    -----------------------------------

                 Death                       No distribution begun: Up to
                                             15 annual installments.
                                             Distribution begun: Balance of
                                             payments due.
                 ------------------------    -----------------------------------
OTHER
OCCURRENCES      Loans                       Are prohibited in nonqualified
                                             plans
                 ------------------------    -----------------------------------

                 Unforeseen Financial        Amount necessary to relieve
                 Circumstances               hardship only
                                             (Plan Committee Approval)
                 ------------------------    -----------------------------------

                 Non-hardship Withdrawal     Will not be permitted
                 ------------------------    -----------------------------------

                 Small Accounts              Lump Sum at Plan
                 (Less than $50,000          Committee's discretion
                 balance)
                 ------------------------    -----------------------------------
</Table>

NOTE:    The timing and form of your distribution election must be made prior to
         fees being earned. However, you will be given the ability to change the
         form of distribution (but not the timing) in the calendar year prior to
         (but not less than 60 days prior to) the year of distribution. Under
         your two election options and in the event of your disability, you can
         select up to 15 annual installments. Termination means separation from
         Board service (except death or disability) whether the separation is
         voluntary or involuntary, including retirement. In the event of your
         death, your beneficiary can select up to 15 annual installments if no
         distribution of your account is underway. If an account distribution is
         underway, your beneficiary will receive the balance of the payments
         due.

                                       6
<PAGE>

                         INVESTMENT ACCOUNT INFORMATION

     The value of your deferral will be determined by the performance of this
     array of hypothetical Investment Funds. Your deferral account will be
     credited with the value of the particular fund or funds you select, and
     will continue to be credited with the value until your account is fully
     distributed. Please remember that your accounts are hypothetical in nature.
     No monies are actually invested in your name in the funds you select. You
     will be a general unsecured Company creditor as to your benefit in the
     event of bankruptcy or insolvency.

ACTIVELY MANAGED FUNDS

METLIFE SIP FIXED INCOME FUND

     This portfolio seeks to achieve the highest possible current income
     consistent with the preservation of capital and predictable growth through
     a guaranteed interest rate by investing in Guaranteed Interest Contracts or
     similar contracts.

LOOMIS SAYLES BOND FUND

     This portfolio seeks to achieve high total return through current income
     and capital appreciation, by investing primarily in debt securities
     including convertibles. At least 65% of its total assets will normally be
     invested in bonds. Up to 35% of its assets may be invested in securities of
     below investment-grade quality, and up to 20% of assets may be invested in
     preferred stocks. SEE NOTE 1, on next page.

OAKMARK FUND

     This portfolio seeks to achieve high total return through long-term growth
     of capital appreciation by investing primarily in equity securities. Up to
     25% of its total assets may be invested in securities of non-U.S. issuers,
     but no more than 5% of assets are expected to be invested in emerging
     markets.

METLIFE SIP SMALL COMPANY STOCK FUND

     This portfolio seeks to achieve high total return through long-term growth
     of capital appreciation by investing in the stocks of small U.S. companies
     with strong growth potential. SEE NOTE 2, on next page.

OAKMARK INTERNATIONAL PORTFOLIO

     This portfolio seeks to achieve high total return through long-term growth
     of capital appreciation by investing in the stocks of international equity
     securities of mature markets, less developed markets, and in selected
     emerging markets. There are no limits on the geographic asset distribution.
     At least 65% of its total assets will normally be invested in non-U.S.
     issuers. SEE NOTE 3, on next page.

                                       7
<PAGE>

MARKET INDEX OPTIONS

     The investment objective of each of these funds is to match the performance
     of its index.

S&P 500 INDEX

     An index of the 500 largest capitalized stocks in the United States that is
     widely recognized as a guide to the overall health of the U.S. stock
     market.

RUSSELL 2000(R)

     This Index measures stock performance of 2000 smaller U.S. companies with
     market capitalization under $1.5 billion. SEE NOTE 2.

NASDAQ COMPOSITE INDEX

     A market capitalization-weighted index that is designed to represent the
     performance of the National Market System which includes over 5,000 stocks
     traded only over-the-counter and not on an exchange. SEE NOTE 4.

MSCI-EAFE INDEX(R)

     The Morgan Stanley Capital International Europe, Australasia, Far East
     Index; a widely recognized benchmark of the world stock markets (excluding
     the United States). SEE NOTE 3.

LEHMAN-BROTHERS AGGREGATE BOND INDEX

     A benchmark index made up of the Lehman Brothers Government/Corporate Bond
     Index, Mortgage-Backed Securities Index, and Asset-Backed Securities Index,
     including securities that are investment-grade quality or higher; have at
     least one year to maturity, and have an outstanding par value of at least
     $100 million.

MERRILL LYNCH US HIGH YIELD MASTER II

     This Index is composed of below grade debt securities, including
     convertibles. SEE NOTE 1.

MSCI EMERGING MARKET FREE INDEX

     The MSCI Emerging Markets Free Index measures the performance of stocks of
     companies in emerging countries in four major regions: Asia, Latin America,
     Eastern Europe and the Middle East/Africa. SEE NOTE 3.

There is no guarantee that any Fund will achieve its objective.

Note 1 -  Lower rated high yield, high-risk securities generally involve more
          credit risk. These securities may also be subject to greater market
          price fluctuations than lower yielding higher rated debt.

Note 2 -  Investments in small capitalization and emerging growth companies
          involve greater than average risk. Such securities may have limited
          marketability and the issues may have limited product lines, markets
          and financial resources. The value of such investments may fluctuate
          more widely than investments in larger more established companies.

Note 3 -  International stocks contain additional risks that are not associates
          with U.S. domestic issues, such as changes in currency exchange rates,
          different governmental regulations, economic conditions and accounting
          standards.

Note 4 -  This index is weighted in technology issues. The technology industry
          can be significantly affected by obsolescence, short product cycles,
          falling profits, and prices, and competition from new market
          participants. A choice that is weighted in one sector is more volatile
          than those that diversify across many industry sectors.

                                       8EX-10.18

 

Exhibit 10.81

AMENDMENT NUMBER SIXTEEN TO

THE METLIFE PLAN FOR TRANSITION ASSISTANCE FOR OFFICERS

     THE METLIFE PLAN FOR TRANSITION ASSISTANCE FOR OFFICERS (the “Plan”) is hereby amended as
follows:

1. Section 1.4.11 of the Plan is hereby amended and restated in its entirety as follows:

§ 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 (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
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 or
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.

2. Section 4.2 of the Plan is hereby amended and restated in its entirety as follows:

§ 4.2 Time of Payment. 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.

3. Section 11.1.03 of the Plan is hereby amended and restated in its entirety as follows:

§ 11.1.03 “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 Executive
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.

4. Section 11.5 of the Plan is hereby amended and restated in its entirety as follows:

§ 11.5 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 11.5, the same assumptions and analyses shall be applied as are applied under
Section 3(c)(iii) and (iv) of the MetLife Executive Severance Plan.

5. Appendix B is amended and restated in its entirety as stated in the appendix to this
amendment.

6. This amendment shall be effective on December 31, 2007.

     In witness where, the Company has caused this amendment to be executed by an officer thereunto
duly authorized on the date noted below the officer’s signature.

METROPOLITAN LIFE INSURANCE COMPANY

By: /s/ Debra Capolarello

Date: : 12-12-07

Witness: : /s/ Judith N. Eidenberg

2

 

APPENDIX
TO AMENDMENT NUMBER SIXTEEN TO

THE METLIFE PLAN FOR TRANSITION ASSISTANCE FOR OFFICERS

APPENDIX B TO THE METLIFE PLAN FOR TRANSITION ASSISTANCE

FOR OFFICERS

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.

     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

ii

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