Document:

Exhibit

Exhibit 10.44
	
		
	MetLife, Inc. 
_____________________________

Board of Directors

	

February 9, 2015

2015 Annual Variable Incentive Plan (AVIP) – Goals and Method for Determining Amount Available for 2015 AVIP Awards and Section 162(m) Goals

Resolved:

		
	(1)
	That the Annual Variable Incentive Plan (“AVIP”) awards for 2015 performance shall constitute Cash-Based Awards under the MetLife, Inc. 2015 Stock and Incentive Compensation Plan (the “Stock and Incentive Plan”);

		
	(2)
	That the measures to be used to determine performance results of MetLife, Inc. (the “Company”) for establishing the amount to be available for payment of awards under AVIP for 2015 performance (the “2015 Available Amount”) are approved in all respects substantially in the form described in the materials presented to the Committee and filed with the records of the meeting, subject to Committee discretion to increase or decrease and otherwise determine the 2015 Available Amount and subject, with respect to the eligibility of the Chief Executive Officer of the Company and each other member of the Company’s Executive Group for an AVIP award for 2015, to the Company meeting the Section 162(m) Goals as described elsewhere in these resolutions;

		
	(3)
	That the 2015 Section 162(m) Goals shall be the following:

		
	(a)
	Positive Company income from continuing operations before provision for income tax, excluding net investment gains (losses) (determined in accordance with Section 3(a) of Article 7.04 of SEC Regulation S-X), which includes total net investment gains (losses) and net derivatives gains (losses), measured for 2015.

		
	(b)
	Positive Company Total Shareholder Return for the Performance Period.  “Total Shareholder Return” means the change (plus or minus) from the Initial Closing Price to the Final Closing Price, plus dividends (if any) actually paid on shares of MetLife, Inc. common stock on a reinvested basis during the Performance Period.  “Initial Closing Price” means the average Closing Price for the twenty (20) trading days prior to the first day of the Performance Period.  “Final Closing Price” means, in the case of the 

Company the average Closing Price for the twenty (20) trading days prior to and including the final day of the Performance Period.  “Closing Price” means the closing price of a Share as reported in the principal consolidated transaction reporting system for the New York Stock Exchange (or on such other recognized quotation system on which the trading prices of the Shares are quoted at the relevant time), or in the event that there are no Share transactions reported on such tape or other system on the applicable date, the closing price on the immediately preceding date on which Share transactions were reported.  “Shares” means shares of MetLife, Inc. common stock.  The “Performance Period” refers to 2015.
		
	(4)
	That the Chief Executive Officer of the Company (“CEO”) and each other member of the Company’s Executive Group shall be eligible for an AVIP award for 2015 of $10 million (or the maximum aggregate amount that may be awarded or credited with respect to cash-based awards to a participant in a single year under the Stock and Incentive Compensation Plan, if lower) if any one or more of the 2015 Section 162(m) Goals is met; provided, however, that the Committee shall retain the ability, in its discretion, to reduce the amount of the award payable (including reducing the amount payable to zero) based on such factors or considerations that the Committee shall deem appropriate, including but not limited to the amounts that would have been payable to the CEO or other member of the Company’s Executive Group, respectively, under the methodology applicable to other employees under AVIP; 

		
	(5)
	That if the Company does not meet any of the 2015 Section 162(m) Goals, neither the CEO nor any of the other members of the Company’s Executive Group shall be eligible for any AVIP award for 2015 and

		
	(6)
	That the officers of the Company (the “Officers”) be and hereby are authorized, in the name and on behalf of the Company, to (a) take or cause to be taken any and all such further actions and to prepare, execute and deliver or cause to be prepared, executed and delivered, and where necessary or appropriate, file or cause to be filed with the appropriate governmental authorities, all such other instruments and documents, including but not limited to all certificates, contracts, bonds, agreements, documents, instruments, receipts or other papers, (b) incur and pay or cause to be paid all fees and expenses and (c) engage such persons, in each case as such Officer shall in that Officer’s judgment determine to be necessary or appropriate to carry out fully the intent and purposes of the foregoing resolutions and each of the transactions contemplated thereby.Exhibit

Exhibit 10.48 
AMENDMENT NUMBER 2 TO THE 
METROPOLITAN LIFE AUXILIARY 
SAVINGS AND INVESTMENT PLAN 
(Amended and Restated Effective January 1, 2008) 
1. Section 2.1 of the Plan is hereby amended as follows: 
“2.1 ‘Administrative Participant’ means any Participant in the Plan who is not classified by the Company as a Commissioned Participant.” 
2. There is hereby added to the end of Section 4.9 a new subsection to be known as subsection (c). Subsection (c) shall provide as follows: 
     “(c) Effect of Rehire As Administrative Participant. In the event that an Administrative Participant has experienced a Termination of Employment and is later rehired by the Company, his or her rights with respect to any election made under this Section shall be determined as follows: 
     (1) If such Participant made an election under subsection (b) of this Section prior to his or her Termination of Employment, whether or not payments under this Plan in accordance with such election had commenced prior to the date of his or her reemployment by the Company, then payments will commence when scheduled in accordance with the terms of such Participant’s election or continue if such payments have already commenced. Upon such Participant’s reemployment any Company Contributions allocated to such Participant’s Account under this Plan will be included as part of future payments under such election. Following the distribution of the final payment in accordance with such Participant’s election, such Participant’s election of the time and form of distribution will be governed solely by subsection (a), unless such Participant makes a subsequent election in accordance with subsection (b). Any Company Contributions allocated to the Participant’s Account following the distribution of the final payment in accordance with the Participant’s election shall be retained in such Participant’s Account until such Participant’s subsequent Termination of Employment, at which time distribution of such Participant’s Account shall commence, either in accordance with subsection (a) or subsection (b). 
     (2) If such Participant has not made an election in accordance with subsection (b) at the time of his or her Termination of Employment, then she or he will receive his or her Account under this Plan in the Default Mode of Payment at the Default Commencement Date, notwithstanding the fact that such Participant is reemployed by the Company prior to the Default Commencement Date. If Company Contributions are allocated to such Participant’s Account following the date of his or her Termination of Employment, but prior to the Default Commencement Date, such Contributions will be included in the Default Mode of Payment. Once such Participant has received a final distribution of his or her Account under subsection (a), any Company Contributions which are allocated to such Participant’s Account following his or her final payment shall then be distributed following his or her subsequent Termination of Employment in accordance with subsection (a), unless such Participant makes an election in accordance with subsection (b).” 
3. Section 8.2(b) of the Plan is hereby amended as follows: 
     “(b) Limitations of Time for Submitting Claims and Suits Challenging Denial of Claims. No suit to recover benefits under this Plan or to allege that the Plan was not administered in accordance with its terms and/or ERISA shall be brought more than six months following the expiration of the claims and review procedures described in subsection (a). If a Participant has received or has commenced to receive a distribution from the Plan, no claim for benefits under the Plan’s claims and review procedures described in subsection (a) shall be made regarding the calculation of the amount of the benefits more than six months following the date on which the Participant received or commenced to receive such distribution” 
4. This Amendment shall become effective on January 1, 2010. 
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed in its name and behalf this 21st day of December, 2010, by its officer thereunto duly authorized. 

	
							
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	Metropolitan Life Insurance Company
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	By:
	 
	/s/ Andrew J. Bernstein
	 
	 

	 
	 
	 
	 
	 
	 
	 

	
			
	 
	 
	 

	 
	 
	 

	ATTEST:
	 
	 

	 
	 
	 

	/s/ Candice MartinExhibit

                                                                                                                                                      EXHIBIT 10.52

                  AMENDMENT NUMBER ONE TO THE METLIFE DEFERRED
                         COMPENSATION PLAN FOR OFFICERS
                (As amended and restated as of November 1, 2003)

      WHEREAS, the MetLife Deferred Compensation Plan for Officers, as last amended and restated November 1, 2003 (the "PLAN"), was adopted to permit certain eligible employees voluntarily to defer the payment of certain types of compensation;

      WHEREAS, certain other nonqualified deferred compensation arrangements have been entered into with employees who are eligible to participate in the Plan, which arrangements either expressly or implicitly incorporate aspects of the Plan, and/or are otherwise administered, in whole or in part, in a manner consistent with the administration of the Plan;

      WHEREAS, to facilitate the administration of such other arrangements, it has been recommended that such arrangements be incorporated into the Plan (cognizant of the need to preserve the differences from the Plan terms mandated by such arrangements, including, but not limited to, in order to avoid subjecting the amounts deferred under such arrangements and the Plan to the additional taxes imposed under Section 409A of the Internal Revenue Code of 1986, as amended);

      WHEREAS, pursuant to Section 20 of the Plan, the Plan Administrator has reserved the right to amend the Plan;

      NOW, THEREFORE, the Plan is hereby amended in the manner set forth below:

      1.    Section 2 is amended to add a new Section 2.7 at the end thereof, to read as follows:

            2.7. The Plan Administrator may permit other non-qualified deferred compensation arrangements between an Eligible Associate and any MetLife Company or an affiliate of any MetLife Company, whether or not elective, to be administered under and treated as part of the Plan. The Plan Administrator shall establish a separate Alternative Compensation Account for an Eligible Associate who is party to a non-qualified deferred compensation arrangement treated as part of the Plan. Unless otherwise specified herein, on Annex I or by the Plan Administrator in writing, the general provisions of the Plan shall apply to any such Alternative Compensation Account, including without limitation, those provisions related to (i) the value of the Alternative Contribution Account (including the Investment Tracking of such Account), (ii) the timing, number and form of payments from such Account and (iii) the designation of any beneficiary(ies) to receive payment from such Account upon the death of the Participant. Notwithstanding the immediately preceding sentence, unless otherwise provided by the terms of the applicable non-qualified deferred compensation arrangement as in effect on October 3, 2004, no distribution shall be made from any Alternative Contribution Account pursuant to Section 12, 13 or 14 of the Plan.

      2.    Section 10 is amended to add a new Section 10.3.11 at the end of Section 10.3 thereof, to read as follows:

            10.3.11. Notwithstanding anything in this Section 10.3 to the contrary, payment in respect of any Alternative Compensation Account shall not be accelerated from the date payment would have been made under the corresponding nonqualified deferred compensation arrangement, as identified on Annex I or as otherwise specified in writing by the Plan Administrator.

      3.    Section 21 is amended to new Sections 21.2 and 21.3 thereto, to read as follows, and to appropriately renumber all other sections thereof to reflect the addition of such Section:

            21.2  "Alternative Compensation Account" means a record-keeping account established for the benefit of an Eligible Associate in which is credited such amounts of compensation as are deferred under the nonqualified deferred compensation arrangement to which such Account relates.

            21.3  "Annex I" means the schedule established by the Plan Administrator, as the same may be amended by the Plan Administrator at any time and from time to time, on which is specified the terms of any non-qualified deferred compensation arrangement that is to be administered as part of the Plan that deviate from the general terms of the Plan. Annex I, as in effect from time to time, is expressly incorporated herein by reference and made a part hereof.

      4.    Section 21 is further amended to add a new second sentence to
Section 21.11 (as renumbered pursuant to item 3 of this Amendment), "Deferred Compensation Account", to read as follows:

            To the extent the context so requires, the term Deferred Compensation Account, as applied to any Participant, shall also include any Alternative Compensation Account established for the benefit of such Participant.

      5.    Section 21 is further amended to add a new second sentence at the end of Section 21.23 (as renumbered pursuant to item 3 of this Amendment), "Participant", to read as follows:

            To the extent that the context so requires, the term Participant shall also include any Eligible Associate for whose benefit an Alternative Compensation Account has been established under the Plan.

      6.    The Plan is further amended to add at the end thereof of a new Annex I, as is attached hereto, which is incorporated herein by reference and made a part hereof.

      7.    Except as otherwise expressly provided herein, the Plan shall continue in full force and affect, without amendment. For the avoidance of doubt, nothing in this amendment shall, or shall be construed to, amend or modify any provision or term of the Plan with respect to amounts otherwise credited thereunder immediately prior to the execution of this Amendment.

      IN WITNESS WHEREOF, the amendment to the MetLife Deferred Compensation Plan has been executed by the Plan Administrator thereof, on this 4th day of May, 2005.

PLAN ADMINISTRATOR

/s/ Graham Cox
__________________________

                                       

	
						
	NAME OF ELIGIBLE ASSOCIATE
	EFFECTIVE DATE OF                  ARRANGEMENT AND INITIAL DEFERRED AMOUNT
	INVESTMENT TRACKING, IF DIFFERENT FROM PLAN
	TIMING OF DISTRIBUTIONS
FROM ALTERNATIVE COMPENSATION ACCOUNT

	Robert Benmosche
	July 20, 1995 (Sign-on bonus subject to 5 year vesting condition)
	Investment tracking to be based solely on interest rate credited under MetLife SIP Fixed Income Fund (as referenced in Section 6.2 of the Plan) at time of deferral

	Lump sum distribution upon retirement from service as an employee of the MetLife Companies

	 
	$
	400,000
	

	 
	 

	Robert Benmosche
	April 1, 1996 (elective deferral of portion of future 1996 monthly salary)
	Investment tracking to be based solely on interest rate credited under MetLife SIP Fixed Income Fund (as referenced in Section 6.2 of the Plan) at time of deferral
	10 approximately equal annual installments (adjusted for interest accrued) commencing in June, 2009

	 
	$12,000 per month (aggregate deferral of $108,000)

	 
	 

	Robert Benmosche
	January 1, 1997 (elective deferral of portion of future 1997 monthly salary)
	Investment tracking to be based solely on interest rate credited under MetLife SIP Fixed Income Fund (as referenced in Section 6.2 of the Plan) at time of deferral
	10 approximately equal annual installments (adjusted for interest accrued) commencing in June, 2009

	 
	$22,000 per month (aggregate deferral of $264,000)

	 
	 

	Lisa Weber
	February 4, 1998 (Sign-on bonus subject to 5 year vesting condition)
	N/A -- Investment Tracking in accordance with terms of the Plan
	In five annual installments commencing upon termination of service as an employee of the MetLife Companies

	 
	$750,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}]]