Document:

EX-10.1

 Exhibit 10.1 

PERFORMANCE SHARE AGREEMENT 

MetLife, Inc. confirms that, on [grant date] (the “Grant Date”), it granted you, [name], [number]
Performance Shares (your “Performance Shares”). Your Performance Shares are subject to the terms and conditions of the MetLife, Inc. 2015 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 Shares under some circumstances. 

Standard Terms. 

(a) These terms are the “Standard Terms” and will apply to your Performance Shares except in so far as Sections S-2 (“Change of Status”), S-3 (“Change of Control”), or S-16 (“Restrictive Covenants”) apply. If Shares
are paid to you, you will receive evidence of ownership of those Shares. 
 (b) The Performance Period for your Performance Shares 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 will determine the number
of Performance Shares payable in accordance with these Standard Terms (your “Final Performance Shares”), and your Final Performance Shares will be due and payable in Shares at the time specified in Section
S-8 (“Timing of Payment”). 
 (c) The Committee will determine your Final Performance
Shares by multiplying your Performance Shares by the “Final Performance Factor.” The Final Performance Factor means a percentage (from zero to 175%) determined by the Committee in its discretion. In exercising its discretion, the Committee
may consider the average of two performance factors (each from zero to 175%), described in (1) and (2) below, subject to the cap determined by (3) below, if applicable, or such other considerations as it finds appropriate. 

(1) The first performance factor will be based on the Company’s annual performance during the Performance Period with respect to Adjusted
Return on Equity compared to its three-year business plan, 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 will be based on the Company’s performance with respect to
Total Shareholder Return during the Performance Period compared to the Company’s peer companies, as determined by the Committee in its discretion. In exercising its discretion, the Committee may refer to the list of peer companies and
guidelines in Performance Factor Appendix 2 to this Agreement, the definition of “Total Shareholder Return” below, or such other considerations as it finds appropriate. “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 on a reinvested basis during the applicable period. “Initial Closing Price” means the average Closing Price (as defined in Section S-9, “Closing Price”) for the twenty (20) trading days prior to the first day of the applicable period. “Final Closing Price” means the average Closing Price (as defined in Section S-9, “Closing Price”) for the twenty (20) trading days prior to and including the final day of the applicable period. 

 (3) In determining the Final Performance Factor in its discretion, the Committee may consider
whether the Company’s Total Shareholder Return for the Performance Period is zero or less, and if so may, in its discretion, choose to set the Final Performance Factor at the lesser of (a) the average of the percentages determined under
Sections (c)(1) and (2) of these Standard Terms; or (b) 100%. 
 IN WITNESS WHEREOF, MetLife, Inc. has caused this agreement to be
offered to you, and you have accepted this Agreement by the electronic means made available to you. 

 PERFORMANCE FACTOR APPENDIX 1 

TO PERFORMANCE SHARE AGREEMENT 

Adjusted Return on Equity Performance Factor Guidelines 

 

															
	 	 	 Below

Threshold
	 	 Threshold
	 	 Between

Threshold and
 Target
	 	 Target
	 	 Between

Target and
 Maximum
	 	 Maximum
	 	 Above
Maximum

	Performance Result	 	0% - 79%	 	80%	 	81% - 99%	 	100%	 	101% - 119%	 	120%	 	121% +
								
	Performance Factor	 	0%	 	25%	 	For each 1% the performance result is above 80%, add 3.75% to the threshold performance factor of 25%.	 	100%	 	For each 1% the performance result is above 100%, add 3.75% to the target performance factor of 100%.	 	175%	 	175%

 Guideline Examples 
  

					
	 Performance Result
	  	Performance
Factor	 
	 79%
	  	 	0	% 
	 80%
	  	 	25	% 
	 85%
	  	 	43.75	% 
	 90%
	  	 	62.50	% 
	 95%
	  	 	81.25	% 
	 100%
	  	 	100	% 
	 110%
	  	 	137.50	% 
	 115%
	  	 	156.25	% 
	 120%
	  	 	175	% 
	 125%
	  	 	175	% 

 PERFORMANCE FACTOR APPENDIX 2 

TO PERFORMANCE SHARE AGREEMENT 

Total Shareholder Return Peer Companies 
  

			
	 Aegon NV
	  	 Legal & General Group

	 Aflac Inc.
	  	 Lincoln National Corp.

	 AIA Group
	  	 Manulife Financial Corp.

	 Allianz SE
	  	 Ping An Insurance Group

	 Allstate Corp
	  	 Principal Financial Grp Inc.

	 American International Group
	  	 Prudential Financial Inc.

	 Assicurazioni Generali SPA
	  	 Prudential PLC

	 Aviva PLC
	  	 Travelers Cos. Inc.

	 AXA
	  	 Unum Group

	 Dai-Ichi Life Insurance Co. Ltd.
	  	 Zurich Financial Services

	 Hartford Financial Services
	  	

 Total Shareholder Return Performance Factor Guidelines 

 

															
	 	 	 Below

Threshold
	 	 Threshold
	 	 Between

Threshold and
 Target
	 	 Target
	 	 Between

Target and
 Maximum
	 	 Maximum
	 	 Above

Maximum

	Performance Result	 	0 - 24th %tile	 	25th %tile	 	26th - 49th %tile	 	50th %tile	 	51st -87.4th %tile	 	87.5th %tile	 	87.6th - 99th %tile
								
	Performance Factor	 	0%	 	25%	 	For each %tile the performance result is above the 25th %tile, add 3% to the threshold performance factor of 25%.	 	100%	 	For each %tile the performance result is above the 50th %tile, add 2% to the target performance factor of 100%.	 	175%	 	175%

 Guideline Examples 
  

					
	 Performance Result
	  	Performance
Factor	 
	 24th %tile
	  	 	0	% 
	 25th %tile
	  	 	25	% 
	 30th %tile
	  	 	40	% 
	 40th %tile
	  	 	70	% 
	 50th %tile
	  	 	100	% 
	 60th %tile
	  	 	120	% 
	 70th %tile
	  	 	140	% 
	 80th %tile
	  	 	160	% 
	 87.5th %tile
	  	 	175	% 
	 99th %tile
	  	 	175	%EX-10.2

 Exhibit 10.2 

PERFORMANCE UNIT AGREEMENT 

[Global Affiliate] (the “Global Affiliate”) confirms that, on [grant date] (the “Grant Date”), you
[name] were granted [number] Performance Units (your “Performance Units”), and approves and ratifies such grant. Your Performance Units are subject to the terms and conditions of the MetLife, Inc. 2015 Stock and Incentive
Compensation Plan (the “Plan”) and this Performance Unit Agreement (this “Agreement”), which includes the Award Agreement Supplement (the “Supplement”). Please note that the Supplement includes terms for forfeiture of
your Performance Units under some circumstances. Any payment due under this Agreement may be made by any one or more Affiliates (the “Paying Affiliate”). 

Standard Terms. 

(a) These terms are the “Standard Terms” and will apply to your Performance Units except in so far as Sections S-2 (“Change of Status”), S-3 (“Change of Control”), or S-16 (“Restrictive Covenants”) apply. 

(b) The Performance Period for your Performance 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 will determine the number of Performance Units payable in accordance with these Standard Terms
(your “Final Performance Units”), and your Final Performance Units will be due and payable in cash equal to the Closing Price on the date the Committee determines your Final Performance Units. Your Final Performance Units will be due and
payable at the time specified in Section S-8 (“Timing of Payment”). 
 (c) The Committee
will determine your Final Performance Units by multiplying your Performance Units by the “Final Performance Factor.” The Final Performance Factor means a percentage (from zero to 175%) determined by the Committee in its discretion. In
exercising its discretion, the Committee may consider the average of two performance factors (each from zero to 175%), described in (1) and (2) below, subject to the cap determined by (3) below, if applicable, or such other considerations
as it finds appropriate. 
 (1) The first performance factor will be based on the Company’s annual performance during the Performance
Period with respect to Adjusted Return on Equity compared to its three-year business plan, 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 will be based on the
Company’s performance with respect to Total Shareholder Return during the Performance Period compared to the Company’s peer companies, as determined by the Committee in its discretion. In exercising its discretion, the Committee may refer
to the list of peer companies and guidelines in Performance Factor Appendix 2 to this Agreement, the definition of “Total Shareholder Return” below, or such other considerations as it finds appropriate. “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 on a reinvested basis during the applicable period. “Initial Closing Price” means the average
Closing Price (as defined in Section S-9, “Closing Price”) for the twenty (20) trading days prior to the first day of the applicable period. “Final Closing Price” means the average
Closing Price (as defined in Section S-9, “Closing Price”) for the twenty (20) trading days prior to and including the final day of the applicable period. 

 (3) In determining the Final Performance Factor in its discretion, the Committee may consider
whether the Company’s Total Shareholder Return for the Performance Period is zero or less, and if so may, in its discretion, choose to set the Final Performance Factor at the lesser of (a) the average of the percentages determined under
Sections (c)(1) and (2) of these Standard Terms; or (b) 100%. 
 IN WITNESS WHEREOF, the Global Affiliate has caused this agreement to
be offered to you, and you have accepted this Agreement by the electronic means made available to you. 

  
 2 

 PERFORMANCE FACTOR APPENDIX 1 

TO PERFORMANCE UNIT AGREEMENT 

Adjusted Return on Equity Performance Factor Guidelines 

 

															
	 	 	 Below Threshold
	 	 Threshold
	 	 Between

Threshold and
 Target
	 	 Target
	 	 Between

Target and
 Maximum
	 	 Maximum
	 	 Above

Maximum

	 Performance Result
	 	0% - 79%	 	80%	 	81% - 99%	 	100%	 	101% - 119%	 	120%	 	121% +
								
	 Performance Factor
	 	0%	 	25%	 	For each 1% the performance result is above 80%, add 3.75% to the threshold performance factor of 25%.	 	100%	 	For each 1% the performance result is above 100%, add 3.75% to the target performance factor of 100%.	 	175%	 	175%

 Guideline Examples 
  

					
	 Performance Result
	  	Performance
Factor	 
	 79%
	  	 	0	% 
	 80%
	  	 	25	% 
	 85%
	  	 	43.75	% 
	 90%
	  	 	62.50	% 
	 95%
	  	 	81.25	% 
	 100%
	  	 	100	% 
	 110%
	  	 	137.50	% 
	 115%
	  	 	156.25	% 
	 120%
	  	 	175	% 
	 125%
	  	 	175	% 

 PERFORMANCE FACTOR APPENDIX 2 

TO PERFORMANCE UNIT AGREEMENT 

Total Shareholder Return Peer Companies 
  

			
	 Aegon NV
	  	 Legal & General Group

	 Aflac Inc.
	  	 Lincoln National Corp.

	 AIA Group
	  	 Manulife Financial Corp.

	 Allianz SE
	  	 Ping An Insurance Group

	 Allstate Corp
	  	 Principal Financial Grp Inc.

	 American International Group
	  	 Prudential Financial Inc.

	 Assicurazioni Generali SPA
	  	 Prudential PLC

	 Aviva PLC
	  	 Travelers Cos. Inc.

	 AXA
	  	 Unum Group

	 Dai-Ichi Life Insurance Co. Ltd.
	  	 Zurich Financial Services

	 Hartford Financial Services
	  	

 Total Shareholder Return Performance Factor Guidelines 

 

															
	 	 	 Below

Threshold
	 	 Threshold
	 	 Between

Threshold and
 Target
	 	 Target
	 	 Between

Target and
 Maximum
	 	 Maximum
	 	 Above

Maximum

	 Performance Result
	 	0 - 24th %tile	 	25th %tile	 	26th - 49th %tile	 	50th %tile	 	51st -87.4th %tile	 	87.5th %tile	 	87.6th -99th %tile
								
	 Performance Factor
	 	0%	 	25%	 	For each %tile the performance result is above the 25th %tile, add 3% to the threshold performance factor of 25%.	 	100%	 	For each %tile the performance result is above the 50th %tile, add 2% to the target performance factor of 100%.	 	175%	 	175%

 Guideline Examples 
  

					
	 Performance Result
	  	Performance
Factor	 
	 24th %tile
	  	 	0	% 
	 25th %tile
	  	 	25	% 
	 30th %tile
	  	 	40	% 
	 40th %tile
	  	 	70	% 
	 50th %tile
	  	 	100	% 
	 60th %tile
	  	 	120	% 
	 70th %tile
	  	 	140	% 
	 80th %tile
	  	 	160	% 
	 87.5th %tile
	  	 	175	% 
	 99th %tile
	  	 	175	%

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