Document:

EX-10.10

 Exhibit 10.10 

STOCK OPTION AGREEMENT 
 (Three-Year “Cliff” Exercisability) 
 MetLife, Inc. confirms
that, on [grant date] (the “Grant Date”), it granted you, [name], [number] Stock Options (your “Options”). Your Options are subject to the terms and conditions of this Stock Option Agreement (this
“Agreement”) and the MetLife, Inc. 2005 Stock and Incentive Compensation Plan (the “Plan”). 
 1.
Standard Exercise Terms. 
 (a) Each Option entitles you to purchase one Share for $[closing price on date of
grant] per Share, the Closing Price on the Grant Date (the “Exercise Price”). 
 (b) Except
as provided in Sections 2 and 3, each of your Options will become exercisable on the third anniversary of the Grant Date, and you may exercise your Options until the close of business on [day prior to the tenth (10th) anniversary of the Grant Date] (the “Standard Terms”). Neither this date, nor any other deadline for exercise of your Options under this Agreement, will be extended regardless of whether you are unable to exercise your
Options on that date because it is not a business day, due to trading limitations, or otherwise. 
 (c) You may exercise
any of your Options that have become exercisable by notifying the Company, using procedures that will be established for this purpose, and paying for the Shares at the time you exercise your Options. You may exercise your Options only if the price
of Shares is greater than the Exercise Price. Any exercisable Options that you fail to exercise within the applicable period for exercise will be forfeited. 
 (d) Except as provided in Section 1(e) or (f), you may pay the Exercise Price in one or more of the following ways: (1) in cash, (2) by exchanging Shares you already own (as long as those
Shares are not subject to any pledge or other security interest), (3) to the extent permitted by law, through an arrangement with the broker designated by the Company in which the broker will use the proceeds of the sale of a sufficient number
of Shares to pay the Exercise Price, or (4) through a combination of the above. The combined value paid must have a value as of the date tendered that is at least equal to the Exercise Price. 

(e) If you are either resident or employed in Italy at the time you exercise your Options, then, except as otherwise provided by the
Committee: (1) you may pay the Exercise Price, to the extent permitted by law, only through an arrangement with the broker designated by the Company in which the broker will use the proceeds of the sale of a sufficient number of Shares to pay
the Exercise Price; and (2) you must sell all of the Shares you acquire through your exercise of the Options immediately upon or contemporaneous with your acquisition of those Shares, except as otherwise provided by the Committee. 

(f) If you are either resident or employed in the United Kingdom at the time you exercise your Options, then, except as otherwise
provided by the Committee, you may not pay the Exercise Price in whole or in part by exchanging Shares you already own. 

(g) You must exercise your Options in accordance with the Company’s insider trading policy and any applicable pre-trading
clearance procedures. Your exercise of 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 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 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. 
 (h) The number of Shares issuable upon exercise of your Options shall be reduced to the nearest
whole Share. If you retain some or all of the Shares after you exercise your Options, you will receive evidence of ownership of those Shares. 
 2. Change of Status. For purposes of this Section 2, your transfer between the Company and an Affiliate, or among Affiliates, will not be a termination of employment. If a Change of
Control occurs prior to any of the events described in this Section 2, any applicable terms of Section 3 will supersede the terms of this Section 2. 
 (a) Long-Term Disability. In the event you qualify for long-term disability benefits under a plan or arrangement offered by the Company or an Affiliate for its Employees, the Standard Terms will
continue to apply to your Options. Once this provision applies, no other change of status described in this Sections 2 (except the provision regarding termination for Cause) will affect your Options, even if you subsequently return to active service
or your employment with the Company or an Affiliate terminates other than for Cause. 
 (b) Death. In the event that your
employment with the Company or an Affiliate terminates due to your death, all of your Options will be immediately exercisable and will remain exercisable until the close of business on the Expiration Date. 

(c) Retirement. If your employment with the Company or an Affiliate terminates (other than for Cause) on or after your early
retirement date or normal retirement date (in each case determined under any ERISA qualified benefit plan offered by the Company or an Affiliate in which you participate) (“Retirement”), the Standard Terms will continue to apply to your
Options. 
 (d) Bridge Eligibility. If your employment with the Company or an Affiliate terminates (other than for Cause)
with bridge eligibility for retirement-related medical benefits (determined under an ERISA qualified benefit plan offered by the Company or an Affiliate in which you participate, if any) (“Bridge Eligibility”), and your separation
agreement (offered to you under the severance program offered by the Company or an Affiliate to its Employees) becomes final, the Standard Terms will continue to apply to your Options. 

(e) Termination for Cause. In the event that your employment with the Company or an Affiliate terminates for Cause, all of your
Options will be forfeited immediately. 
 (f) Other Termination of Employment. Unless the Committee determines otherwise,
if no other provision in this Section 2 regarding change of status applies, then: 
 (1) your Options
that are exercisable as of the date of termination will remain exercisable until the close of business on the
30th day after the date of your termination or until they
would expire under the Standard Terms, whichever period is shorter; and 
 (2) all of your Options that are not exercisable at
the date of termination of your employment with the Company or an Affiliate will be forfeited immediately upon your termination of employment. 

  
 2 

 3. Change of Control. 

(a) If any of the events described in Section 2 occurs prior to a Change of Control, any applicable terms of Section 2 will
supersede the terms of this Section 3. Except as provided in Section 4(b) and 4(c), and unless otherwise prohibited under law or by applicable rules of a national security exchange, if a Change of Control occurs: 

(1) all of your unexercised Options will become exercisable immediately regardless of the applicable exercise schedule; and 

(2) notwithstanding any provisions of Section 2 to the contrary, if your employment with the Company or any Affiliate terminates
without Cause before the first anniversary of the Change of Control, your Options will remain exercisable until the earlier of: (a) their expiration under the Standard Terms; or (b) the first anniversary of the termination of your
employment. For purposes of this Section 3(a)(2), your transfer between the Company and an Affiliate, or among Affiliates, will not be a termination of employment. 
 (b) Notwithstanding Section 3(a), the Committee may elect to redeem your Options for a cash payment equal to the Change of Control Price less the Exercise Price, multiplied by the number of
exercisable Options that you have not yet exercised. 
 (c) The terms of Sections 3(a) and (b) will not apply to your
Options if the Committee reasonably determines in good faith, prior to the Change of Control, that you have been granted an Alternative Award for your Options pursuant to Section 15.2 of the Plan. 

4. Nontransferability of Awards. Except as provided in Section 5 or otherwise permitted by the Committee, you may not
sell, transfer, pledge, assign or otherwise alienate or hypothecate any of your Options, and all rights with respect to your Options are exercisable during your lifetime only by you. 

5. Beneficiary Designation. You may name any beneficiary or beneficiaries (who may be named contingently or successively)
who may then exercise any right under this Agreement in the event of your death. Each beneficiary designation for such purpose will revoke all such prior designations. Beneficiary designations must be properly completed on a form prescribed by the
Committee and must be filed with the Company during your lifetime. If you have not designated a beneficiary, your rights under this Agreement will pass to and may be exercised by your estate. 

6. Tax Withholding. The Company or an Affiliate may withhold amounts it determines are necessary to satisfy tax withhold
responsibilities by withholding amounts from payment made under this Agreement, or from other payments due to you to the extent permissible under law, an amount sufficient to satisfy the minimum statutory United States, state, local or other
applicable tax withholding requirements. The Company will defer payment of cash or the issuance of Shares until this requirement is satisfied. The Company may satisfy this requirement by withholding Shares otherwise issuable based on a value per
Share determined by the Company in its discretion. 

  
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 7. Adjustments. The Committee will make appropriate adjustments in the terms
and conditions of your Options in recognition of unusual or nonrecurring events affecting the Company or its financial statements (such as a Common Stock dividend, Common Stock split, recapitalization, payment of an extraordinary dividend, merger,
consolidation, combination, spin-off, distribution of assets to stockholders other than ordinary cash dividends, exchange of shares, or other similar corporate change), or in recognition of changes to applicable laws, regulations, or accounting
principles, to prevent unintended dilution or enlargement of the potential benefits of your Options. The Committee’s determinations in this regard will be conclusive. 
 8. Timing of Payment. Shares will be paid to you upon your exercise of any of your Options. 
 9. Closing Price. For purpose of this Agreement, “Closing Price” will mean 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. Closing Price shall constitute “Fair Market Value” under the Plan for all purposes related to your Options. 

10. No Guarantee of Employment. This Agreement is not a contract of employment and it is not a guarantee of employment for
life or any period of time. Nothing in this Agreement interferes with or limits in any way the right of the Company or an Affiliate to terminate your employment at any time. This Agreement does not give you any right to continue in the employ of the
Company or an Affiliate. 
 11. Governing Law; Choice of Forum. This Agreement will be construed in accordance
with and governed by the laws of the State of Delaware, regardless of the law that might be applied under principles of conflict of laws. Any action to enforce this Agreement or any action otherwise regarding this Agreement must be brought in a
court in the State of New York, to which jurisdiction the Company and you consent. 
 12. Miscellaneous.

 (a) For purposes of this Agreement, “Committee” includes any direct or indirect delegate of the Committee as
defined in the Plan and (unless otherwise indicated) the word “Section” refers to a Section in this Agreement. Any other capitalized word used in this Agreement and not defined in this Agreement, including each form of that word, is
defined in the Plan. 
 (b) Any determination or interpretation by the Committee pursuant to this Agreement will be final and
conclusive. In the event of a conflict between any term of this Agreement and the terms of the Plan, the terms of the Plan control. This Agreement and the Plan represent the entire agreement between you and the Company, and you and all Affiliates,
regarding your Options. No promises, terms, or agreements of any kind regarding your Options that are not set forth, or referred to, in this Agreement or in the Plan are part of this Agreement. In the event any provision of this Agreement is held
illegal or invalid, the rest of this Agreement will remain enforceable. 

  
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 (c) Your Options are not Shares and do not give you the rights of a holder of Shares. You
will not be credited with additional Options on account of any dividend paid on Shares. 
 (d) The Committee may, in its
discretion, settle your Options in the form of cash to the extent settlement in Shares is prohibited by law or would require you or the Company to obtain the approval of any governmental and/or regulatory body. The Committee may, in its discretion,
require you at any time to immediately sell Shares you acquire under this Agreement, in which case, the Company shall have the authority to issue sales instructions in relation to such Shares on your behalf. No Shares will be issued or no cash will
be paid if that issuance or payment would result in a violation of applicable law, including United States securities laws and any other applicable securities laws. 
 (e) The issuance of Shares or payment of cash pursuant to your 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. The Company’s grant of Options to you is not intended to be a public offering of securities outside the United States, and the Company has not submitted any registration statement, prospectus, or other securities
filing with authorities outside the United States, except where required by law. Your Options have not been, and will not be, reviewed by or registered with any securities authorities outside the United States, including but not limited to the
securities authorities of Argentina. In accordance with Circular 99 of 2001, from Chile’s Superintendence of Securities, the grant of the Options hereunder is not intended to be a public offering of securities in Chile but instead is intended
to be a private placement. As this is a private placement in Chile, the Company has not submitted any registration statement, prospectus or other filings with the local securities authorities, and the Plan is not subject to the supervision of any
securities authorities in Chile. This Agreement and all other materials pertaining to your Options have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to this offer. If you have any doubts
about any of the contents of the materials pertaining to your Options, you should obtain independent professional investment advice. 
 (f) You agree to repatriate all payments under this Agreement or cash attributable to Shares you acquire under this Agreement to the extent required under any applicable legal requirements, such as
foreign exchange rules and regulations in your country of residence or country of employment. 
 (g) Your Options are subject to
the Company’s performance-based compensation recoupment policy (which currently covers only officers or officer-equivalent employees of the Company and its Affiliates) in effect from time to time. 

(h) Regardless of any action the Company or any Affiliate takes with respect to any or all tax withholding (including social insurance
contributions and payment on account obligations, if any), you acknowledge that the ultimate liability for all such taxes is and remains your responsibility (or that of your beneficiary or estate) and that neither the Company nor any Affiliate makes
any representations or undertakings regarding the treatment of any tax withholding in connection with any aspect of any of your Options, including the grant or 

  
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payment on account of the Options, and that neither the Company nor any Affiliate commits to structure the terms of the grant of or any aspect of any Options to reduce or eliminate your (or you
estate’s or any heir’s) liability for such tax. You agree to take any and all actions as may be required to comply with your personal tax obligations. 
 (i) If you are resident and/or employed in a country that is a member of the European Union, this Agreement is intended to comply with the provisions of the EU Equal Treatment Framework Directive, as
implemented into local law (the “Equal Treatment Rules”). To the extent that a court or tribunal of competent jurisdiction determines that any provision of this Agreement are invalid or unenforceable, in whole or in part, under the Equal
Treatment Rules, the Committee, in its sole discretion, shall have the power and authority to revise or strike such provision to the minimum extent necessary to make it valid and enforceable to the full extent permitted under local law. 

(j) You agree that this Agreement and any other documents related to the Plan or your Options are to be presented to you in English. If
any such document is translated into a language other than English, the English version will control. 
 (k) The collection,
processing and transfer of your personal data is necessary for the Company’s administration of the Plan, this Agreement and your Options. You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or
other form, of your personal data as described in this document by any Affiliates or the Company, and others who provide them services related to your Options (“Service Providers”), for the exclusive purpose of implementing, administering
and managing your participation in the Plan. In accepting this agreement, you acknowledge that: 
 (1) the Affiliates and the
Company hold certain personal information about you, including, but not limited to, your name, home address, telephone number, date of birth, social insurance number or other identification number, employee identification number, salary,
nationality, job title, or shares of stock or directorships held in Affiliates and the Company, details of all Options awarded, forfeited, on which payment has been made, and/or outstanding in your favor, for the purpose of implementing,
administering and managing the Plan (“Data”); 
 (2) the Affiliates, the Company, and Service Providers will transfer
Data amongst themselves as necessary for the implementation, administration and management of the Plan, that these recipients may be located in your country, the European Economic Area, the United States, or elsewhere, and that the recipient’s
country may have different data privacy laws and protections than your country, that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative and you
authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data
as may be required to a broker or other third party; 
 (3) Data will be held only as long as is necessary to implement,
administer and manage your participation in the Plan, including but not limited to any applicable retention period necessary for effective or lawful administration of the Plan; 

  
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 (4) you may, at any time, exercise your rights under law, to obtain confirmation as to the
existence of the Data, verify the content, origin and accuracy of the Data, request the integration, update, amendment, deletion or blockage (for breach of applicable laws) of the Data, and oppose, for legal reasons, the collection, processing or
transfer of the Data that is not necessary or required for the implementation, administration and/or operation of the Plan and your participation in it. You may seek to exercise these rights by contacting your local human resources manager; and

 (5) you are not obligated to consent to the collection, use, processing and transfer of Data. However, if you refuse to
grant consent under this Section 12 by failing to accept this Agreement you will not receive any Options pursuant to this Agreement, and if you subsequently withdraw your consent under this Section 12 you will forfeit all of your Options.
You may contact your local human resources representative for more information on the consequences of your refusal to consent or withdrawal of consent. 
 (l) In accepting this Agreement, you acknowledge that: 
 (1) the Plan and this
Agreement are each established voluntarily by the Company, and that each is discretionary in nature and may be modified, suspended or terminated at any time, as provided in the Plan and this Agreement, respectively; 

(2) the grant of your Options is voluntary and occasional and does not create any contractual or other right to receive future grants of
Options, or benefits in lieu of Options, even if Options have been granted repeatedly in the past; 
 (3) all decisions with
respect to future Option grants, if any, will be at the discretion of the Committee, including, but not limited to, the timing of any grants, the number of Options and vesting provisions; 

(4) your participation in the Plan is voluntary; 
 (5) the Options are an extraordinary item which is outside the scope of your employment contract, if any; 
 (6) the Options are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, Termination, redundancy, end of service
payments, bonuses, long-service awards, pension or retirement benefits or similar payments; 
 (7) the Option grant will not be
interpreted to form an employment contract or relationship with any Affiliate or the Company, and you are not an employee of the Company; 
 (8) the future Closing Price of Common Stock is unknown and cannot be predicted with certainty; 
 (9) to the fullest extent permitted by law, no claim or entitlement to compensation or damages arises from termination of the Options or diminution in value of the Options and you irrevocably release the
Company and each Affiliate from any such claim that may arise; and 
 (10) in the event of your Termination, neither your
eligibility, nor any right to receive Options, nor any period within which payment may be made on account of your Options, if any, will be extended beyond the period specified under this Agreement by any notice period mandated under law
(e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); furthermore, in the event of your Termination, your right to payment on account of your Options, if any, will not be
extended by any notice period mandated under law. 

  
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 (m) The Company may impose other requirements as a condition of your Options, to the extent
the Committee determines, in its discretion, that such other requirements are necessary or advisable in order to comply with law or facilitate the operation or administration of this Agreement, your Options, or the Plan. To the extent the Company
determines in its discretion that you are required to execute any document or undertaking for this purpose, you agree to do so. 

13. Amendments. The Committee has the exclusive right to amend this Agreement as long as the amendment does not adversely
affect any of your previously-granted Awards in any material way (without your written consent) and is otherwise consistent with the Plan. The Company will give written notice to you (or, in the event of your death, to your beneficiary or estate) of
any amendment as promptly as practicable after its adoption. 
 14. Agreement to Protect Corporate Property. If
you have not previously executed an Agreement to Protect Corporate Property (“Property Agreement”), the grant of your Options is subject to your execution of the Property Agreement provided to you by the Company with respect to this
Agreement, and if you do not return a signed copy of the Property Agreement then this Agreement and the Options granted to you will be void. The Company may in its sole discretion allow an extension of time for you to return your signed Property
Agreement. 
 15. Post-Employment Terms Applicable to Insiders and Executive Officers. 

(a) The terms of this Section 15 shall apply if you are an Insider or an “executive officer” of the Company under the
Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, at any time during the Performance Period, notwithstanding any other terms of this Agreement, other than Section 3, to the contrary. If a Change of Control
occurs prior to the finding described in Section 15(b), any applicable terms of Section 3 will supersede the terms of this Section 15. 
 (b) If the Committee reasonably finds that, at any time during the Performance Period, whether during your employment with the Company and its Affiliates or thereafter, you directly or indirectly owned
any interest in, managed, controlled, participated in, consulted with, or rendered services, as an officer, director, employee, partner, member, consultant, independent contractor or agent, to any person or entities currently engaged in business
activities which compete (or will compete based on the anticipated plans of the Company at the time of your employment termination) with the business of MetLife in the United States of America, United Arab Emirates, Hong Kong (Special Administrative
Region of the People’s Republic of China), Argentina, United Kingdom and/or in any other country in which MetLife conducts business or has plans to conduct business during your employment or as of the date your employment terminated, then, to
the maximum extent permissible by law, all of your Options will be forfeited immediately. 

  
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 (c) Notwithstanding the terms of Section 11 to the contrary, this Section 15 will
be construed in accordance with and governed by the laws of the State of New York, regardless of the law that might be applied under principles of conflict of laws. 
 IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this Agreement, and you have executed this Agreement. 

 

									
	METLIFE, INC.	 	EMPLOYEE
				
	By:	 	 Steven A. Kandarian
	 		 	[name]
		 	Name	 		 		 	
					
		 	 Chairman of the Board,
 President and Chief Executive Officer
	 		 		 	
		 	Title	 		 		 	
				
		 	  
	 		 	  

		 	Signature	 		 	Signature
					
		 		 		 	Date:	 	  

  
 9EX-10.11

 Exhibit 10.11 

METLIFE INTERNATIONAL UNIT OPTION INCENTIVE PLAN 
 (as amended and restated effective December 3, 2012) 
 ARTICLE I

 PURPOSE 
 The purpose of the MetLife International Unit Option Incentive Plan, as it may be amended from time to time (the “Plan”), is to foster and promote the long-term financial success of each
Affiliate and materially increase the value of each Affiliate by (a) motivating superior performance, and (b) enabling each Affiliate to attract and retain the services of an outstanding management team upon whose judgment, interest, and
special effort the successful conduct of its operations is largely dependent. 
 ARTICLE II 

DEFINITIONS 

2.1. Definitions. Whenever used herein, the following terms shall have the respective meanings set forth below: 

(a) “Act” means the Securities Exchange Act of 1934, as amended. 

(b) “Administrator” means the Chief Executive Officer of the Company, or such individual(s) as he shall designate in writing
for such purpose from time to time; provided, that with regard to action with respect to any to individual who is (x) subject to Section 16 of the Act; (y) an executive officer of the Company; or (z) subject to
Section 4230 of the New York Insurance Law, the Committee may exercise all of the powers of the Administrator and no action by the Administrator shall have any effect unless the Committee approves or ratifies that action. 

(c) “Affiliate” includes each corporation, partnership, joint venture, limited liability company, or other entity (not
including the Company): 
 (i) that is within the meaning of that term in Rule 12b-2 of the General Rules and Regulations
of the Act, with reference to the Company; 
 (ii) in which the Company owns, directly or indirectly, at least twenty percent
(20%) of the total combined Voting Power of such corporation or of the capital interest or profits interest of such partnership or other entity; or 
 (ii) which is a partner in a partnership with the Company or any Affiliate as defined in parts (i) or (ii) of this definition. 

(d) “Alternative Award” means new rights that: 
 (i) are based on stock which is traded on an established securities market, or that the Administrator reasonably believes will be so traded within 60 days after the Change of Control; 

 (ii) provide such Participant with rights and entitlements substantially equivalent to or
better than the rights, terms and conditions applicable under the Unit Option with regard to which it is granted, including, but not limited to, an identical or better exercise, eligibility, or vesting schedule and identical or better timing and
methods of payment; 
 (iii) have substantially equivalent economic value to the Unit Options with regard to which it is
granted (determined at the time of the Change of Control); and 
 (iv) have terms and conditions which provide that in the
event that of the Participant’s involuntary Termination or is Constructively Terminated, any conditions on a Participant’s rights under, or any restrictions on transfer or exercisability applicable to, the rights shall be waived or shall
lapse, as the case may be. 
 (e) “Approved Retirement” means Termination: 

(i) on or after any of the dates indicated below, with credit for purposes of reaching any such date to include credit for service:
(x) with any Affiliate; and (y) with American Life Insurance Company and any of its affiliates as of October 31, 2010 (collectively, “Alico”) (to the extent the Participant was an employee of Alico as of October 31,
2010 and to the extent such service was recognized by Alico for any of its retirement plan purposes as of October 31, 2010): 
  

					
	 Participant Age:
	  	Minimum Years
of Service:	 
	 55 to 57
 1/2
	  	 	15	  
	 58
	  	 	14	  
	 59
	  	 	12	  
	 60
	  	 	10	  
	 61
	  	 	8	  
	 62 but less than 65
	  	 	5	  
	 65 or older
	  	 	1;	  

 (ii) on or after any date as of which the Participant’s Termination is required under applicable
law or employer policy (excluding agreements or contractual obligations in either case applicable solely to an individual employee) in either case due to the Participant attaining a particular age, so long as the Participant has service (as defined
in Section 2.1(e)(i)) of at least one year; or 
 (iii) at times and under such circumstances as determined by the
Administrator in its sole discretion; 
 provided that, in each case, the Administrator may require, as a condition to a
Participant’s retirement being an “Approved Retirement” for purpose of the Plan, that the Participant enter into a general release of claims, non-solicitation and/or non-competition agreement in form and substance satisfactory to the
Administrator. 

  
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 (f) “Board” means the Board of Directors of the Company. 

(g) “Cause” means (i) the willful failure by the Participant to perform substantially his duties as an Employee
(or, should the Participant’s employment transfer to the Company, as an employee of the Company)), other than due to physical or mental illness, after reasonable notice to the Participant of such failure, (ii) the Participant’s
engaging in serious misconduct that is injurious to the Company or any Affiliate in any way, including, but not limited to, by way of damage to their respective reputations or standings in their respective industries, (iii) the
Participant’s having been convicted of, or having entered a plea of nolo contendere to, a crime that constitutes a felony or (iv) the breach by the Participant of any written covenant or agreement with the Company or
any Affiliate not to disclose or misuse any information pertaining to, or misuse any property of, the Company or any Affiliate or not to compete or interfere with the Company or any Affiliate. 

(h) “Change of Control” shall be deemed to have occurred if: 

(i) any person (within the meaning of Section 3(a)(9) of the Act), including any group (within the meaning of Rule 13d-5(b) under
the Act), but excluding 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 such Trust) and any employee benefit plan (or related
trust) sponsored or maintained by the Company or any Affiliate thereof, acquires “beneficial ownership” (within the meaning of Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing 25% or more of the
combined Voting Power of the Company’s securities; 
 (ii) within any 24-month period, the persons who were directors of
the Company at the beginning of such period (the “Incumbent Directors”) shall cease to constitute at least a majority of the Board or the board of directors of any successor to the Company; provided, however, that any
director elected to the Board, or nominated for election, by a majority of the Incumbent Directors then still in office shall be deemed to be an Incumbent Director for purposes of this subclause (ii); 

(iii) upon the consummation of a merger, consolidation, share exchange, division, sale or other disposition of all or substantially all
of the assets of the Company which has been approved by the shareholders of the Company (a “Corporate Event”), and immediately following the consummation of which the stockholders of the Company immediately prior to such Corporate Event do
not hold, directly or indirectly, a majority of the Voting Power of (x) in the case of a merger or consolidation, the surviving or resulting corporation, (y) in the case of a share exchange, the acquiring corporation or
(z) 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
Company immediately prior to such Corporate Event; or 
 (iv) any other event occurs which the Board declares to be a Change of
Control. 
 (i) “Change of Control Price” means the highest price per share of Common Stock offered in conjunction
with any transaction resulting in a Change of Control (as determined in 

  
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good faith by the Administrator if any part of the offered price is payable other than in cash) or, in the case of a Change of Control occurring solely by reason of a change in the composition of
the Board, the highest Closing Price of the Common Stock on any of the 30 trading days immediately preceding the date on which a Change of Control occurs. 
 (j) “Closing Price” means, on any date, the closing price of Common Stock 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 Common Stock are quoted at the relevant time) on such date. In the event that there are no Common Stock transactions reported on such tape (or such other system) on such date, Closing
Price shall mean the closing price on the immediately preceding date on which Common Stock transactions were so reported. 
 (k)
“Code” means the United States Internal Revenue Code. 
 (l) “Committee” means the Compensation Committee of
the Board of Directors of the Company, or the successor committee to such committee, or any other duly authorized committee of such Board of Directors of the Company appointed by the Board of Directors of the Company to administer the Plan, or the
Board of Directors of the Company, and the Committee’s designee or delegate. 
 (m) “Common Stock” means the
common stock of the Company, par value United States Dollars $0.01 per share. 
 (n) “Company” means MetLife, Inc., a
Delaware corporation, and any successor thereto. 
 (o) “Constructively Terminated” means a voluntary Termination by
an Employee within ten (10) business days after any of the following actions by the Company, Affiliate, or person acting on behalf of either: 
 (i) Requiring the Employee to be based as his/her regular or customary place employment at any office or location more than fifty (50) miles from the location at which the Employee performed his/her
duties immediately prior to the Change of Control, except for travel reasonably required in the performance of the individual’s responsibilities; 
 (ii) reducing the Employee’s base salary below the rate in effect at the time of a Change of Control; or 
 (iii) failing to pay the Employee’s base salary, other wages, or employment-related benefits as required by law. 
 (p) “Disability” has the meaning given in such long-term disability plan, program, or arrangement maintained by the Company or an Affiliate in which the Participant participates, or in such
other long-term disability plan, program, or arrangement in which the Participant participates designated for purposes of this definition at any time, and from time to time, by the Administrator. 

  
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 (q) “Employee” means any employee of any Affiliate, as determined by the
Administrator in its sole discretion. Notwithstanding the foregoing, the Administrator may revise the definition of Employee so as to conform to the laws of any jurisdiction in accordance with Section 4.3(c) below. For greater clarity, no
employee of the Company shall be an Employee. 
 (r) “Exercise” means a request in writing by the Participant (or
another individual in lieu of the Participant pursuant to Section 10.2 of the Plan) to receive payment pursuant to Section 6.4 of the Plan, made consistent with such procedures or rules regarding the form of such a request established from
time to time by the Administrator and received by the Plan Administrator or his designee. 
 (s) “Exercise Price”
means an amount determined for each Unit Option by the Administrator at the time of the grant of such Unit Option under this Plan, consistent with Section 6.2 of this Plan. 

(t) “Family Member” means, as to a Participant, any (i) child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships), of such Participant, (ii) trust for the exclusive benefit of such persons and
(iii) other entity owned solely by such persons. 
 (u) “Market Price” means: 

(i) the price of one share of Common Stock 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 Common Stock are quoted at the relevant time) at the time of an Exercise, if such Exercise occurs during the trading hours of such exchange or quotation
system; 
 (ii) the opening price of one share of Common Stock at the beginning of the next trading hours referred to in
Section 2(u)(i), if an Exercise occurs outside such trading hours; or 
 (iii) notwithstanding any other terms of this
Section 2(u), such or other price as determined by the Administrator in its discretion. 
 (v) “Participant”
means any Employee designated by the Administrator or the Committee to participate in the Plan. 
 (w) “Termination”
means the termination of employment, except that no transfer of employment between an Affiliate and the Company, or between an Affiliate and any other Affiliate will be considered a Termination. 

(x) “Unit Option” means the conditional right to receive a cash payment equal to the Market Price less the Exercise Price, if
such difference is greater than zero. 
 (y) “Unit Option Agreement” means an agreement in writing between the
Participant and one or more Affiliates that shall specify the number of Unit Options granted, the Exercise Price 

  
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of each Unit Option, the duration of each Unit Option, the time periods during which each Unit Option may be Exercised, the effect of any Termination on Restricted Units, each of which (and such
other terms and conditions) as the Administrator shall determine which are not inconsistent with the provisions of the Plan. 

(z) “Voting Power” means 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. 

2.2. Gender and Number. Except when otherwise indicated by the context, words in the masculine gender used in the Plan shall
include the feminine gender, the singular shall include the plural, and the plural shall include the singular. 
 ARTICLE III

 ELIGIBILITY AND PARTICIPATION 
 Participants in the Plan shall be those Employees selected by the Committee or the Administrator to be granted Units Options pursuant to the Plan. 

ARTICLE IV 

POWERS OF THE COMMITTEE AND THE ADMINISTRATOR 
 4.1. Power to Grant. 
 (a) The Committee and the Administrator shall
determine the Employees to whom Unit Options shall be granted. The number of Unit Options the Committee may grant shall be unlimited. The number of Unit Options the Administrator may grant to any individual Participant shall be limited to 50,000 in
any 12-month period. The Administrator may not grant any Unit Options to any individual who is (x) subject to Section 16 of the Act; (y) an executive officer of the Company; or (z) subject to Section 4230 of the New York
Insurance Law, in each case unless the Committee approves or ratifies such a grant. 
 (b) The Administrator shall determine the
terms and conditions of any and all such Unit Options, including the terms of any Unit Option Agreements. The Administrator may establish different terms and conditions for different Participants and for the same Participant for each Unit Option
such Participant may receive, whether or not granted at different times. Notwithstanding any other terms of this Plan, no grant of Unit Options shall be effective unless one or more Affiliates approves or ratifies the grant. The Committee’s or
Administrator’s grant of Unit Options to an employee of MetLife Group, Inc. shall constitute approval of the grant by MetLife Group, Inc. 
 4.2. Repricing or Substitution of Unit Options. The Administrator shall not have the right to reprice or otherwise change the Exercise Price of any outstanding Unit Options or to grant new Unit
Options under the Plan in substitution for or upon the cancellation of Unit Options previously granted. 

  
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 4.3. Administration. 

(a) Rules, Interpretations and Determinations. The Plan shall be administered by the Administrator. The Administrator shall have
full authority to interpret and administer the Plan, to establish, amend, and rescind rules and regulations relating to the Plan, to provide for conditions deemed necessary or advisable to protect the interests of any Affiliate, to construe Unit
Option Agreements and to make all other determinations it determines necessary or advisable for the administration and interpretation of the Plan in order to carry out its provisions and purposes. Determinations, interpretations, or other actions
made or taken by the Administrator shall be final, binding, and conclusive for all purposes and upon all persons. 
 (b)
Agents and Expenses. The Administrator may appoint agents (who may be officers or employees of the Company or any Affiliate) to assist in the administration of the Plan and may grant authority to such persons to execute agreements or other
documents on the Administrator’s behalf. The Administrator may employ such legal counsel, consultants and agents as it may deem desirable for the administration of the Plan and may rely upon any opinion received from any such counsel or
consultant and any computation received from any such consultant or agent. All expenses incurred in the administration of the Plan, including, without limitation, for the engagement of any counsel, consultant or agent, shall be paid by the Company
or an Affiliate. 
 (c) Adjustments to Conform With Law. Notwithstanding anything in the Plan to the contrary, the
Administrator may, in its sole discretion, amend or vary the terms of the Plan in order to conform such terms with the requirements of local law or to meet the goals and objectives of the Plan, and may, in its sole discretion, establish
administrative rules and procedures to facilitate the operation of the Plan. The Administrator may, where it deems appropriate in its sole discretion, establish one or more sub-plans of the Plan for these purposes. 

ARTICLE V 

ADJUSTMENTS TO UNIT OPTIONS 
 The Administrator will make appropriate adjustments in the terms and conditions of Units Options in recognition of unusual or nonrecurring events affecting the Company or its financial statements (such as
a Common Stock dividend, Common Stock split, recapitalization, payment of an extraordinary dividend, merger, consolidation, combination, spin-off, distribution of assets to stockholders other than ordinary cash dividends, exchange of shares, or
other similar corporate change), or in recognition of changes to applicable laws, regulations, or accounting principles, to prevent unintended dilution or enlargement of the potential benefits of Unit Options. The Administrator’s determinations
in this regard will be conclusive. 
 ARTICLE VI 
 UNIT OPTIONS 
 6.1. Grant of Unit Options. Unit Options may be granted to
Participants at such time or times as shall be determined by the Committee or the Administrator. Except as otherwise provided herein, the Committee or the Administrator shall have complete discretion in

  
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determining the number of Unit Options, if any, to be granted to a Participant. Notwithstanding any other terms of this Plan, no grant of Unit Options shall be effective unless one or more
Affiliates approves or ratifies the grant and the terms thereof. The Committee’s or the Administrator’s grant of Unit Options to an employee of MetLife Group, Inc. shall constitute approval of the grant by MetLife Group, Inc. Each Unit
Option shall be evidenced by a Unit Option Agreement. Any Affiliate that approves or ratifies a grant of Unit Option shall execute the applicable Unit Option Agreement through a representative. 

6.2. Exercise Price. Each Unit Option granted pursuant to the Plan shall have an Exercise Price no less than the Closing Price of
one share of Common Stock on the date the Unit Option is granted. 
 6.3. Exercise of Unit Options. Unit Options shall
become eligible for Exercise at such times and under such conditions as specified in the applicable Unit Option Agreement. Subject to the provisions of Article VII, once any Unit Option has become eligible for Exercise it shall remain eligible for
Exercise for its full term. The Administrator shall determine the term of each Unit Option granted, but in no event shall any such Unit Option remain eligible for Exercise for more than 10 years after the date on which it is granted. 

6.4. Payment. Following Exercise of a Unit Option, a cash payment equal to the Market Price less the Exercise Price of the Unit
Option, if the result is greater than zero, shall be made to the Participant (or another individual in lieu of the Participant pursuant to Section 10.2 of the Plan). The Affiliate making payment may make such payment in any currency chosen by
it in its discretion. 
 6.3 Substitution. The Administrator may, at any time prior to payment for Unit Options, in its
sole discretion, may: 
 (a) find that the Company or an Affiliate has made an award to the Participant, intended to substitute
for Unit Options; that is in substantially the same form as the Unit Options and on the same material terms, but with payment due in Common Stock rather than cash (i.e., stock-payable share appreciation rights); and 

(c) in light of such findings, cancel the Unit Options without additional compensation to the Participant. 

ARTICLE VII 

CHANGES OF STATUS 

The applicable Unit Option Agreement will specify the effect of changes of status including Disability, Termination (including
Termination for Cause or Approved Retirement) on Units Options. 

  
 8 

 ARTICLE VIII 
 CHANGE OF CONTROL 
 8.1. Accelerated Vesting and Payment. Subject to the
provisions of Section 8.2, in the event of a Change of Control each Unit Option shall be fully eligible for Exercise regardless of the Exercise eligibility schedule otherwise applicable to such Unit Option and, in the even of the
Participant’s involuntarily Termination for any reason other than Cause within twelve (12) months of such Change of Control, the Participant shall have until the earlier of (i) twelve (12) months following such termination date,
or (ii) the term of the Unit Option, to exercise the Unit Option. In connection with such a Change of Control, the Administrator may, in exercise of discretion, provide that each Unit Option shall, upon the occurrence of such Change of Control,
be canceled in exchange for a payment in an amount equal to the excess, if any, of the Change of Control Price over the Exercise Price for such Unit Option. 
 8.2. Alternative Awards. Notwithstanding Section 8.1, no cancellation, acceleration of eligibility for Exercise, vesting, cash settlement or other payment shall occur with respect to any Unit
Option if the Administrator reasonably determines in good faith prior to the occurrence of a Change of Control that such Unit Option shall be honored or assumed, or an Alternative Award substituted therefor, by a Participant’s employer (or the
parent or an affiliate of such employer) immediately following the Change of Control. 
 ARTICLE IX 

AMENDMENT, MODIFICATION, AND TERMINATION OF PLAN 
 The Administrator may amend or terminate the Plan at any time in its sole discretion. No amendment or termination of the Plan shall in any manner adversely affect any Unit Option theretofore granted under
the Plan without the consent of the Participant. 
 ARTICLE X 

MISCELLANEOUS PROVISIONS 
 10.1. Nature and Transferability of Unit Options. No Unit Option shall be considered a property interest of any Participant, and such Unit Option shall have no value except as a means of
determining, in part, the amount of payments, if any, under the Plan. Without limiting the generality of the foregoing, no Unit Option may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the
laws of descent and distribution; provided that the Administrator may, in the Unit Option Agreement or otherwise, permit transfers of rights regarding Unit Options by gift or a domestic relations order to Family Members. 

10.2. No Guarantee of Employment or Participation. Nothing in the Plan shall interfere with or limit in any way the right of any
Affiliate to terminate any Participant’s employment or service at any time, nor confer upon any Participant any right to continue in the employ of any Affiliate. No Employee shall have a right to be selected as a Participant, or, having been so
selected, to receive any future Unit Options. 

  
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 10.3 Tax Withholding and Currency. Tax withholding shall be addressed in each Unit
Option Agreement. Any Affiliate may make any payment under this Plan in any currency chosen by the Affiliate in its discretion. 

10.4. No Limitation on Compensation. Nothing in the Plan shall be construed to limit the right of the Company or any Affiliate to
establish other plans, programs, agreements, or arrangements. 
 10.5. Requirements of Law. The granting of Unit Options
and payments upon Exercise thereof shall be subject to all applicable laws, rules, and regulations, to such approvals by any governmental agencies as may be required, and to any Company policy on insider trading. 

10.6. Term of Plan. The Plan as amended and restated shall be effective upon its execution by the Administrator. The Plan shall
continue in effect until terminated pursuant to Article IX. 
 10.7. Governing Law. The Plan and all Unit Option
Agreements hereunder shall be construed in accordance with and governed by the laws of the State of Delaware of the United States of America, without regard to principles of conflict of laws. 

10.8. No Impact on Benefits. Except as may otherwise be specifically stated under any employee benefit plan, policy or program,
Unit Options shall not be treated as compensation for purposes of calculating an Employee’s right under any such plan, policy or program. 
 10.9. No Constraint on Corporate Action. Nothing in this Plan shall be construed (i) to limit, impair or otherwise affect the Company’s or any Affiliate’s right or power to
make adjustments, reclassifications, reorganizations or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets or (ii) except as
provided in Article IX, to limit the right or power of the Company or any Affiliate to take any action which such entity deems to be necessary or appropriate. 
 10.10. Unfunded Plan. This Plan shall be unfunded and shall not create (or be construed to create) a trust or separate fund. Likewise, this Plan shall not establish any fiduciary relationship
between the Company or any Affiliate or the Administrator and the Participant. To the extent that any Participant holds any rights by virtue of being granted a Unit Option under this Plan, such right shall be no greater than the right of an
unsecured general creditor of the Affiliate obligated to make payment as determined under the terms of the Unit Option Agreement. 
 10.11. Obligor. The obligation to make payments due under each Unit Option Agreement, if any, shall be the obligation of the Affiliate determined under the terms of the Unit Option Agreement. In no
event shall the Company be obligated to make payments due under this Plan pursuant to any Unit Option Agreement. Payment due from any Affiliate in relation to any Performance Units may be made on behalf of that Affiliate by any other Affiliate.

  
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 10.12. Effect on Unit Options Outstanding. With respect to any Unit Options
outstanding as of December 3, 2012: 
 (a) the term of Sections 2(x) and 6.4 of this Plan (including the definitions of any
terms used in those sections) shall supersede any contrary terms of any Unit Option Agreement governing such Unit Options with regard to the determination of payment upon “Surrender” or “Exercise” of those Unit Options.

 (b) subject to Section 10.12 of the Plan, the term “Fair Market Value” in the Unit Option Agreement governing
such Unit Options shall refer to “Market Price” as defined in this Plan. 
 (c) subject to Section 10.12 of the
Plan, the term “Grant Value” in the Unit Option Agreement governing such Unit Options shall refer to “Exercise Price” as defined in this Plan. 
 (d) subject to Section 10.12 of the Plan, the term “Surrender” in the Unit Option Agreement governing such Unit Options shall refer to “Exercise” as defined in this Plan.

  
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