Document:

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                                                                    EXHIBIT 10.7

                               WILLIAM J. WHEELER

                        EMPLOYMENT CONTINUATION AGREEMENT

                             DATED DECEMBER 22, 2003

                                  METLIFE, INC.

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                        EMPLOYMENT CONTINUATION AGREEMENT

THIS AGREEMENT between METLIFE, INC., a Delaware corporation (the "Company"),
and William J. Wheeler (the "Executive"), dated as of this 22nd day of December,
2003.

                              W I T N E S S E T H :

         WHEREAS, the Company or an Affiliate has employed the Executive in an
officer position and has determined that the Executive holds a critical position
with the Company or an Affiliate;

         WHEREAS, the Company believes that, in the event it is confronted with
a situation that could result in a change in ownership or control of the
Company, continuity of management will be essential to its ability to evaluate
and respond to such situation in the best interests of its shareholders;

         WHEREAS, the Company understands that any such situation will present
significant concerns for the Executive with respect to the Executive's financial
and job security;

         WHEREAS, the Company desires to assure itself or its Affiliate of the
Executive's services during the period in which it is confronting such a
situation, and to provide the Executive certain financial assurances to enable
the Executive to perform the responsibilities of the Executive's position
without undue distraction and to exercise judgment without bias due to personal
circumstances;

         WHEREAS, to achieve these objectives, the Company and the Executive
desire to enter into an agreement providing the Company and the Executive with
certain rights and obligations upon the occurrence of a Change of Control (as so
defined);

         NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained, it is hereby agreed by and between the Company and the
Executive as follows:

         1.       Operation of Agreement. (a) Term. The initial term of this
Agreement shall commence on the date hereof and continue until the third
anniversary of the date hereof. Thereafter, this Agreement will automatically
renew for successive and consecutive additional three year periods following the
end of its initial term and any extended term, unless the Company or the
Executive gives the other party written notice at least 180 days prior to the
date the term hereof would otherwise renew that it or the Executive does not
want the term to be so extended; provided, however, that, the Company may not
deliver a notice of nonrenewal after a Change of Control (as defined in Section
2(a) hereof). Notwithstanding anything to the contrary in this Agreement, the
term of this Agreement shall in all events expire (regardless of when the term
would otherwise have expired) on the third anniversary of a Change of Control.

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         (b)      Effective Date. Notwithstanding the provisions of Section 1(a)
hereof, this Agreement shall govern the terms and conditions of the Executive's
employment and the benefits and compensation to be provided to the Executive
commencing on the date on which a Change of Control occurs (the "Effective
Date") and ending on the date the term of this Agreement otherwise expires. If
the Executive is not employed by the Company or an Affiliate on the Effective
Date, this Agreement shall be void and without effect and shall neither
constitute a contract of employment or a guarantee of employment for any period
of time or limit in any way the right of the Company or any Affiliate to change
the terms and conditions of the Executive's employment or terminate the
Executive's employment.

         2.       Definitions. (a) Change of Control. For the purposes of this
Agreement, a "Change of Control" shall be deemed to have occurred if:

                  (i)      any Person acquires "beneficial ownership" (within
         the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as
         amended (the "Exchange 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 of Directors of the Company (the "Board") or the board of
         directors of any successor to the Company; provided, however, that any
         director elected or nominated for election to the Board by a majority
         of the Incumbent Directors then still in office shall be deemed to be
         an Incumbent Director for purposes of this subclause 2(a)(ii);

                  (iii)    the stockholders of the Company approve a merger,
         consolidation, share exchange, division, sale or other disposition of
         all or substantially all of the assets of the Company which is
         consummated (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.

         (b)      Person. For purposes of the definition of Change of Control,
"Person" shall have the meaning ascribed to such term in Section 3(a)(9) of the
Exchange Act, as supplemented by Section 13(d)(3) of the Exchange Act, and shall
include any group

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(within the meaning of Rule 13d-5(b) under the Exchange Act);
provided, however, that "Person" shall not include (x) the Company or any
Affiliate, (y) the MetLife Policyholder Trust (or 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 that trust), or (z) any employee benefit plan
(including an employee stock ownership plan) sponsored by the Company or any
Affiliate.

         (c)      Voting Power. "Voting Power" shall mean 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.

         (d)      Affiliate. An "Affiliate" shall mean any corporation,
partnership, limited liability company, trust or other entity which directly, or
indirectly through one or more intermediaries, controls, or is controlled by,
the Company.

         3.       Employment Period. Subject to Section 6 hereof, the Company
agrees to continue the Executive in its employ or the employ of an Affiliate,
and the Executive agrees to remain in the employ of the Company or an Affiliate,
for the period (the "Employment Period") commencing on the Effective Date and
ending on the expiration of the term of this Agreement.

         4.       Business Time. During the Employment Period, the Executive
agrees to devote full attention during normal business hours to the business and
affairs of the Company and Affiliates and to use the Executive's best efforts to
perform faithfully and efficiently the responsibilities assigned to the
Executive hereunder, to the extent necessary to discharge such responsibilities,
except for (i) time spent in managing the Executive's personal, financial and
legal affairs and serving on corporate, civic or charitable boards or
committees, in each case only if and to the extent not substantially interfering
with the performance of such responsibilities, and (ii) periods of vacation and
sick leave to which the Executive is entitled. It is expressly understood and
agreed that the Executive's continuing to serve on any boards and committees on
which the Executive is serving or with which the Executive is otherwise
associated immediately preceding the Effective Date shall not be deemed to
interfere with the performance of the Executive's services to the Company or
Affiliates.

         5.       Compensation and Location. (a) Base Salary. During the
Employment Period, the Executive shall receive a base salary at a monthly rate
at least equal to the monthly salary paid to the Executive by the Company and
any Affiliate immediately prior to the Effective Date. The base salary shall be
reviewed at least once each year after the Effective Date, and may be increased
(but not decreased) at any time and from time to time by action of the Board or
any committee thereof, or the Board of Directors of an Affiliate or any
committee thereof, or any individual having authority to take such action in
accordance with the regular practices of the Company or an Affiliate. The
Executive's base salary, as it may be increased from time to time, shall
hereafter be referred to as the "Base Salary". Neither the Base Salary nor any
increase in the Base

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Salary after the Effective Date shall serve to limit or reduce any other
obligation of the Company hereunder. During the Employment Period, the
Executive's Base Salary shall be paid no less frequently than monthly, except as
electively deferred by the Executive pursuant to any deferral programs or
arrangements that the Company or an Affiliate may make available to the
Executive.

         (b)      Total Incentive Compensation.

                  (i)      During the Employment Period, in addition to the Base
         Salary, the Executive shall be afforded the opportunity to (x) receive
         an annual bonus in an amount which provides the Executive with at least
         the same bonus opportunity as other executives of the Company and
         Affiliates of a rank comparable to that of the Executive, and (y)
         participate in all long-term incentive compensation programs for key
         executives, including but not limited to those awards or grants made in
         the form of cash, stock awards, restricted stock, stock options, and
         other forms of long-term incentive compensation ("Long-Term
         Compensation"), at a level that is at least commensurate with the level
         made available from time to time to executives of the Company and
         Affiliates of a rank comparable to that of the Executive.

                  (ii)     For each fiscal year that ends during the Employment
         Period, the aggregate of the value of the annual bonus awarded or
         granted to the Executive attributable to that fiscal year (the "Annual
         Bonus") plus the value of the Long-Term Compensation ("Total Incentive
         Compensation") awarded or granted to the Executive attributable to that
         year, shall be no lower than the aggregate value of Total Incentive
         Compensation awarded or granted to the Executive attributable to any of
         the prior three (3) fiscal years.

                  (iii)    If any fiscal year commences but does not end during
         the Employment Period, the Executive shall be awarded or granted at
         least a pro-rated Annual Bonus attributable to the portion of the
         fiscal year occurring during the Employment Period, and such amount
         shall be no lower than the same pro-rated portion of the any of the
         three (3) prior Annual Bonuses awarded or granted to the Executive
         attributable to complete fiscal years.

                  (iv)     Each Annual Bonus shall be paid as soon as
         practicable following the year for which the amount (or any prorated
         portion) is awarded or granted, unless electively deferred by the
         Executive pursuant to any deferral programs or arrangements that the
         Company may make available to the Executive.

                  (v)      For all purposes of determining the value of Total
         Incentive Compensation or any of its components pursuant to this
         Section 5(b), (w) all compensation awarded or granted to the Executive
         (or, with reference to Section 5(b)(i), which the Executive has the
         opportunity to receive) prior to the beginning of the Employment Period
         shall be valued using the methods as were used by the Company or
         Affiliate (as applicable) in valuing that compensation for purposes of
         communicating that annual Total Incentive Compensation to the Executive
         in

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         writing; (x) all compensation awarded or granted to the Executive (or,
         with reference to Section 5(b)(i), which the Executive has the
         opportunity to receive) during the Employment Period shall be valued
         using the same methods as were used by the Company or Affiliate (as
         applicable) in valuing compensation for purposes of communicating
         annual Total Incentive Compensation to the Executive in writing for the
         final fiscal year that began prior to the Employment Period and, should
         that communication fail to value a particular form of compensation that
         must be valued for purposes of this Section 5(b)(x), otherwise using
         such methods as were presented or produced by the Board or the
         committee thereof charged with responsibility for executive
         compensation in writing in valuing the executive compensation programs
         of enterprises competitive to the Company or any Affiliates for the
         final fiscal year that began prior to the Employment Period; (y) with
         regard to fiscal years or portions thereof during to the Employment
         Period, only to the extent those awards or grants provided to the
         Executive within that fiscal year or in the first quarter of the
         following fiscal year free of Company or Affiliate discretion to reduce
         the amount or value of the award or grant shall such awards or grants
         be attributable to fiscal years or portions thereof; and (z)
         notwithstanding any other subclause of this Section 5(b)(v), with
         regard to the Metropolitan Life Insurance Company Long-Term Performance
         Compensation Plan, opportunities set shall be considered to constitute
         awards or grants and such opportunities set within four months after
         the end of the fiscal year shall be attributed to the prior fiscal
         year.

         (c)      Benefit Plans. During the Employment Period, the Executive
(and, to the extent applicable, the Executive's dependents) shall be entitled to
participate in or be covered under all pension, retirement, deferred
compensation, savings, medical, dental, health, disability, group life,
accidental death and travel accident insurance plans and programs of the Company
or Affiliate, whichever is applicable, at the level made available from time to
time to other similarly situated officers.

         (d)      Expenses. During the Employment Period, the Executive shall be
entitled to receive prompt reimbursement for all reasonable expenses incurred by
the Executive in accordance with the policies and procedures of the Company or
Affiliate, whichever is applicable, as in effect from time to time with respect
to expenses incurred by other similarly situated officers.

         (e)      Vacation and Fringe Benefits. During the Employment Period,
the Executive shall be entitled to paid vacation and fringe benefits at a level
that is commensurate with the paid vacation and fringe benefits available from
time to time to other similarly situated officers.

         (f)      Indemnification. During and after the Employment Period, the
Company (if the Executive is an officer or employee of the Company at the time
of the events giving rise to the need for indemnity) and/or each Affiliate of
which the Executive is an officer or employee at the time of the events giving
rise to the need for indemnity, shall indemnify the Executive and hold the
Executive harmless from and against judgments, fines, amounts paid in settlement
and reasonable expenses, including attorneys' fees, on

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the same terms and conditions applicable from time to time with respect to the
indemnification of its other senior officers of comparable rank.

         (g)      Location. During the Employment Period, the Executive's
services shall be performed at the location where the Executive was employed
immediately preceding the Effective Date or at any other office or location not
more than 50 miles from such pre-Effective Date, except for travel reasonably
required in the performance of the Executive's responsibilities.

         6.       Termination. (a) Death, Disability or Retirement. Subject to
the provisions of Section 1 and Section 7 hereof, this Agreement shall terminate
automatically upon the Executive's death, termination due to "Disability" (as
defined below) or voluntary retirement under any of the Company's (or
Affiliate's, as applicable) retirement plans as in effect from time to time. For
purposes of this Agreement, "Disability" shall mean the Executive's inability to
perform the duties of the Executive's position, as determined in accordance with
the policies and procedures applicable with respect to the Company's (or
Affiliate's, as applicable) long-term disability plan, as in effect immediately
prior to the Effective Date; provided, however, that the Executive's employment
may not be terminated for Disability hereunder unless the Executive has
requested that the Executive be considered for, and has qualified to receive,
long-term disability benefits under such plan and that such termination is
consistent with law.

         (b)      Voluntary Termination. Notwithstanding anything in this
Agreement to the contrary, the Executive may voluntarily terminate employment
during the Employment Period for any reason (including early retirement under
the terms of any of the Company's (or Affiliate's, as applicable) retirement
plans as in effect from time to time), upon not less than 60 days' written
notice to the Company, provided that any termination by the Executive pursuant
to Section 6(d) hereof on account of Good Reason (as defined therein) shall not
be treated as a voluntary termination under this Section 6(b).

         (c)      Cause. The Company (or Affiliate, as applicable) may terminate
the Executive's employment for Cause. For purposes of this Agreement, "Cause"
means (i) the Executive's conviction or plea of nolo contendere to a felony;
(ii) an act of dishonesty or gross misconduct on the Executive's part which
results or is intended to result in material damage to the Company's business or
reputation; or (iii) repeated material violations by the Executive of the
Executive's obligations under Section 4 hereof, which violations are
demonstrably willful and deliberate on the Executive's part.

         (d)      Good Reason. After the Effective Date, the Executive may
terminate the Executive's employment at any time for Good Reason. For purposes
of this Agreement, "Good Reason" means the occurrence of any of the following,
without the express written consent of the Executive, after the Effective Date:

                  (i)      any failure by the Company (or Affiliate, as
         applicable) to comply with any of the provisions of Section 5 hereof,
         other than an insubstantial or inadvertent failure remedied by the
         Company promptly after receipt of notice thereof given by the
         Executive;

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                  (ii)     any failure by the Company to obtain the assumption
         and agreement to perform this Agreement by a successor or to cause an
         Affiliate, as applicable, to comply with the terms of this Agreement as
         contemplated by Section 12(b) hereof.

In no event shall the mere occurrence of a Change of Control, absent any further
impact on the Executive, be deemed to constitute Good Reason.

         (e)      Notice of Termination. Any termination during the Employment
Period by the Company (or Affiliate, as applicable) for Cause or by the
Executive for Good Reason shall be communicated by Notice of Termination to the
other party hereto given in accordance with Section 13(e) hereof. For purposes
of this Agreement, a "Notice of Termination" means a written notice given, (i)
in the case of a termination for Cause, within 10 business days of the Company's
having actual knowledge of the events giving rise to such termination or (ii) in
the case of a termination for Good Reason, within 120 days of the Executive's
having actual knowledge of the events giving rise to such termination. Any such
Notice of Termination shall (i) indicate the specific termination provision in
this Agreement relied upon, (ii) set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination of the Executive's
employment under the provision so indicated, and (iii) if the termination date
is other than the date of receipt of such notice, specify the termination date
of this Agreement (which date shall be not more than 15 days after the giving of
such notice). The failure by the Executive to set forth in the Notice of
Termination any fact or circumstance which contributes to a showing of Good
Reason shall not waive any right of the Executive hereunder or preclude the
Executive from asserting such fact or circumstance in enforcing the Executive's
rights hereunder.

         (f)      Date of Termination. For the purpose of this Agreement, the
term "Date of Termination" means (i) in the case of a termination for which a
Notice of Termination is required, the date of receipt of such Notice of
Termination or, if later, the date specified therein, as the case may be, and
(ii) in all other cases, the actual date on which the Executive's employment
terminates during the Employment Period.

         (g)      Transfer of Employment. For purposes of this Agreement, in no
event shall the mere transfer of employment from the Company or an Affiliate to
the Company or an Affiliate, absent any further impact on the Executive, be
deemed to constitute a termination of employment or Good Reason, notwithstanding
any technical termination of employment in connection with such a transfer.

         7.       Obligations of the Company upon Termination. (a) Death or
Disability. If the Executive's employment is terminated during the Employment
Period by reason of the Executive's death or Disability, this Agreement shall
terminate without further obligations to the Executive or the Executive's legal
representatives under this Agreement other than those obligations accrued
hereunder at the Date of Termination, and the Company shall pay to the Executive
(or the Executive's beneficiary or estate), at the times determined below, (i)
the Executive's full Base Salary through the Date of Termination (the "Earned
Salary"), (ii) any vested amounts or benefits owing to the

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Executive under or in accordance with the terms and conditions of the Company's
and Affiliates' otherwise applicable employee benefit plans and programs and any
accrued vacation pay not yet paid by the Company or Affiliate (the "Accrued
Obligations"), and (iii) any other benefits payable due to the Executive's death
or Disability under the Company's and Affiliates' plans, policies or programs
(the "Additional Benefits"). Any Earned Salary shall be paid in cash in a single
lump sum as soon as practicable, but in no event more than 30 days (or at such
earlier date required by law), following the Date of Termination. Accrued
Obligations and Additional Benefits shall be paid in accordance with the terms
of the applicable plan, program or arrangement.

         (b)      Cause and Voluntary Termination. If, during the Employment
Period, the Executive's employment shall be terminated for Cause or voluntarily
terminated by the Executive (other than on account of Good Reason), the Company
shall pay the Executive (i) the Earned Salary in cash in a single lump sum as
soon as practicable, but in no event more than 30 days, following the Date of
Termination, and (ii) the Accrued Obligations in accordance with the terms of
the applicable plan, program or arrangement.

         (c)      Termination by the Company or an Affiliate other than for
Cause and Termination by the Executive for Good Reason. The terms of this
Section 7(c) shall apply if and only if (x) the Company or an Affiliate
terminates the Executive's employment other than for Cause during the Employment
Period or (y) the Executive terminates employment at any time during the
Employment Period for Good Reason.

                  (i)      Lump Sum Payments. The Company shall pay to the
         Executive, at the times determined below, the following amounts:

                  (A)      the Executive's Earned Salary;

                  (B)      a cash amount (the "Severance Amount") equal to three
                           times the sum of

                           (1)      the Executive's annual rate of Base Salary
                                    as then in effect;

                           (2)      the average of the annual bonuses awarded or
                                    granted to the Executive under the Annual
                                    Variable Incentive Plan (or any successor
                                    plan thereto), and any other Annual Bonus,
                                    for the each of the three fiscal years of
                                    the Company (or, if less, the number of
                                    prior fiscal years during which Executive
                                    was an employee of the Company or an
                                    Affiliate) ended immediately prior to the
                                    Effective Date for which an annual bonus
                                    amount had been determined by the Board (or
                                    any committee thereof) prior to the
                                    Effective Date. If the Executive was
                                    employed by the Company or Affiliates (taken
                                    as a whole) for only a portion of any fiscal
                                    year included in the period for which the
                                    average referred to in the immediately
                                    preceding sentence is determined and the
                                    bonus awarded or granted for such fiscal
                                    year took into

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                                    account such partial period of employment,
                                    such bonus for such fiscal year shall be
                                    annualized for purposes of calculating such
                                    average; and

                           (3)      if the Effective Date is on or prior to
                                    December 31, 2003, the average of the
                                    long-term incentive compensation amounts
                                    awarded or granted to the Executive with
                                    respect to each of the last three
                                    performance periods (or, if the Executive
                                    participated in the long-term compensation
                                    program in respect to a lesser number of
                                    such performance periods, such lesser
                                    number) ended prior to the Effective Date
                                    for which the amount awarded or granted had
                                    been determined by the Board (or any
                                    committee thereof) prior to the Effective
                                    Date; provided, however, that, the amount
                                    determined under this subclause (3) shall be
                                    reduced (but not below zero) by the
                                    "Determined Value" (as defined below) of any
                                    vested stock options, restricted stock or
                                    similar equity-based award or grant relating
                                    to the Company's common equity on the
                                    earlier to occur of the Executive's Date of
                                    Termination or the date on which a Change of
                                    Control occurs. For purposes of this
                                    Agreement, Determined Value shall mean the
                                    excess of the "Equity Value" over the price,
                                    if any, payable by the Executive in respect
                                    of such stock option or other award and
                                    Equity Value shall be determined to be (x)
                                    in the case of a Change of Control occurring
                                    by reason of a merger, recapitalization or
                                    similar transaction or as a result of a
                                    tender offer, the value received by the
                                    Company's equity holders in such transaction
                                    or the price paid in such tender offer (with
                                    the value of any non-cash consideration to
                                    be determined in good faith by the
                                    Compensation Committee of the Board as
                                    constituted immediately prior to the
                                    Effective Date) and (y) in the case of any
                                    other Change of Control or where the date as
                                    of which such Determined Value is measured
                                    is the Executive's Date of Termination, the
                                    average of the high and low reported sales
                                    prices of such equity on the principal
                                    securities market on which such equity is
                                    traded on the relevant date; and

                  (C)      the Accrued Obligations.

         The Earned Salary and Severance Amount shall be paid in cash in a
         single lump sum as soon as practicable, but in no event more than 30
         days (or at such earlier date required by law), following the Date of
         Termination. Accrued Obligations shall be paid in accordance with the
         terms of the applicable plan, program or arrangement.

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                  (ii)     Continuation of Benefits and Additional Pension
         Credit. The Executive (and, to the extent applicable, the Executive's
         dependents) shall be entitled, after the Date of Termination until the
         third anniversary of the Date of Termination (the "End Date"), to
         continue participation in all of the Company's (or Affiliate's, as
         applicable) employee and executive plans providing medical, dental and
         long-term disability benefits (collectively, the "Continuing Benefit
         Plans"); provided, however, that the participation by the Executive
         (and, to the extent applicable, the Executive's dependents) in any
         Continuing Benefit Plan shall cease on the date, if any, prior to the
         End Date on which the Executive becomes eligible for comparable
         benefits under a similar plan, policy or program of a subsequent
         employer ("Prior Date"). The Executive's participation in the
         Continuing Benefit Plans will be on the same terms and conditions that
         would have applied had the Executive continued to be employed by the
         Company (or Affiliate, as applicable) through the End Date or the Prior
         Date. To the extent any such benefits cannot be provided under the
         terms of the applicable plan, policy or program, the Company shall
         provide a comparable benefit under another plan or from the Company's
         general assets. In addition, the Company (or Affiliate, as applicable)
         shall grant the Executive service credit, for purposes of all pension
         and defined benefit plans and arrangements of the Company and any
         Affiliate in which the Executive participates, through the earlier of
         (x) the third anniversary of the effective date of the Notice of
         Termination, or (y) the sixty-fifth birthday of the Executive, such
         that when the Executive's pension or defined benefit is determined such
         credited service will be taken into account.

         (d)      Discharge of the Company's Obligations. Except as expressly
provided in the last sentence of this Section 7(d) hereof, the amounts payable
to the Executive pursuant to this Section 7 following termination of the
Executive's employment shall be in full and complete satisfaction of the
Executive's rights under this Agreement and any other claims the Executive may
have in respect of the Executive's employment by the Company or any of its
Affiliates. Such amounts shall constitute liquidated damages with respect to any
and all such rights and claims and, upon the Executive's receipt of such
amounts, the Company shall be released and discharged from any and all liability
to the Executive in connection with this Agreement or otherwise in connection
with the Executive's employment with the Company and its Affiliates.

         (e)      Modification of Payments by the Company.

                  (i)      Application of Section 7(e) Hereof. In the event that
         any amount or benefit paid or distributed to the Executive pursuant to
         this Agreement, taken together with any amounts or benefits otherwise
         paid or distributed to the Executive by the Company or any Affiliate
         under any other plan, agreement, or arrangement that would be taken
         into account for purposes of determining if an "excess parachute
         payment" as defined in Section 280G of the Internal Revenue Code of
         1986, as amended, has been made (collectively, the "Covered Payments"),
         would be an "excess parachute payment" as defined in Section 280G of
         the Internal Revenue Code of 1986, as amended (the "Code"), and would
         thereby subject the Executive to the tax (the "Excise Tax") imposed
         under Section

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         4999 of the Code (or any similar tax that may hereafter be imposed),
         the Company shall pay to the Executive an additional amount (the "Tax
         Reimbursement Payment") such that the net amount retained by the
         Executive with respect to such Covered Payments, after deduction of any
         Excise Tax on the Covered Payments and any Federal, state and local
         (including foreign) income tax and Excise Tax on the Tax Reimbursement
         Payment provided for by this Section 7(e), but before deduction for any
         Federal, state or local (including foreign) income or employment tax
         withholding on such Covered Payments, shall be equal to the aggregate
         value of the Covered Payments; provided, however, that if the aggregate
         value of all Covered Payments exceeds the maximum amount which can be
         paid to the Executive without the Executive incurring an Excise Tax
         (the "Cap Amount") by less than ten per cent (10%) of the Cap Amount,
         the amounts payable to the Executive under this Section 7 shall be
         reduced (but not below zero) to the maximum amount which may be paid
         hereunder without the Executive becoming subject to such an Excise Tax
         as a result of all Covered Payments (such reduced payments to be
         referred to as the "Payment Cap"). In the event that Executive receives
         reduced payments and benefits hereunder, the Executive shall have the
         right to designate which of the payments and benefits otherwise
         provided for in this Agreement that he will receive in connection with
         the application of the Payment Cap.

                  (ii)     Calculation of Benefits. Promptly after delivery of
         any Notice of Termination, the Company shall notify the Executive of
         the aggregate present value of all Covered Payments to which the
         Executive would be entitled under this Agreement and any other plan,
         program or arrangement as of the projected Date of Termination,
         together with the projected maximum payments, determined as of such
         projected Date of Termination that could be paid without the Executive
         being subject to the Excise Tax.

                  (iii)    Application of Section 280G. For purposes of
         determining whether any of the Covered Payments will be subject to the
         Excise Tax and the amount of such Excise Tax,

                  (A)      such Covered Payments will be treated as "parachute
                           payments" within the meaning of Section 280G of the
                           Code, and all "parachute payments" in excess of the
                           "base amount" (as defined under Section 280G(b)(3) of
                           the Code) shall be treated as subject to the Excise
                           Tax, unless, and except to the extent that, in the
                           good faith judgment of the Company's independent
                           certified public accountants appointed prior to the
                           Effective Date or tax counsel selected by such
                           Accountants (the "Accountants"), the Company has a
                           reasonable basis to conclude that any amount or
                           benefit paid or distributed to the Executive pursuant
                           to this Agreement, or any amounts or benefits
                           otherwise paid or distributed to the Executive by the
                           Company or any Affiliate under any other plan,
                           agreement, or arrangement (in whole or in part),
                           either do not constitute "parachute payments" or
                           represent reasonable compensation for

                                       11
<PAGE>

                           personal services actually rendered (within the
                           meaning of Section 280G(b)(4)(B) of the Code) in
                           excess of the portion of the "base amount allocable
                           to such Covered Payments," or such "parachute
                           payments" are otherwise not subject to such Excise
                           Tax, and

                  (B)      the value of any non-cash benefits or any deferred
                           payment or benefit shall be determined by the
                           Accountants in accordance with the principles of
                           Section 280G of the Code.

                  (iv)     Adjustments in Respect of the Payment Cap. If the
         Executive receives reduced payments and benefits under this Section
         7(e) (or this Section 7(e) is determined not to be applicable to the
         Executive because the Accountants conclude that Executive is not
         subject to any Excise Tax) and it is established pursuant to a final
         determination of a court or an Internal Revenue Service proceeding (a
         "Final Determination") that, notwithstanding the good faith of the
         Executive and the Company in applying the terms of this Agreement, the
         aggregate "parachute payments" within the meaning of Section 280G of
         the Code paid to the Executive or for the Executive's benefit are in an
         amount that would result in the Executive being subject an Excise Tax,
         then the Accountants shall determine whether the Executive should have
         received the Tax Reimbursement Payment described in Section 7(e)(i), or
         whether the amounts payable to the Executive hereunder would still have
         been reduced pursuant to Section 7(e)(i). If the Tax Reimbursement
         Payment would have been due, the Accountants shall determine the amount
         of any interest and penalties that may be imposed on the Executive by
         reason having failed to have timely paid any Excise Tax (the "Penalty
         Amount"), and the amount of the Tax Reimbursement Payment due, treating
         the Penalty Amount as a Covered Payment. In the event a Tax
         Reimbursement Payment is due, the Company shall promptly (but in no
         event later than ten (10) business days after the Accountants have
         determined and informed the Company of the amounts due hereunder) pay
         the Executive such Tax Reimbursement Payment (as calculated in
         accordance with the immediately preceding sentence) and the Penalty
         Amount. If the Executive would still be subject to a reduction in the
         Covered Payments due hereunder, the Accountants shall determine the
         amount by which the Covered Payments exceeded the Cap Amount and such
         excess parachute payments shall be deemed for all purposes to be a loan
         to the Executive made on the date of receipt of such excess payments,
         which the Executive shall have an obligation to repay to the Company on
         demand, together with interest on such amount at the applicable Federal
         rate (as defined in Section 1274(d) of the Code) from the date of the
         payment hereunder to the date of repayment by the Executive. If the
         Executive receives reduced payments and benefits by reason of this
         Section 7(e) and it is established pursuant to a Final Determination
         that the Executive could have received a greater amount without
         exceeding the Cap Amount, then the Company shall promptly thereafter
         pay the Executive the aggregate additional amount which could have been
         paid without exceeding the Cap Amount, together with interest on such
         amount at the applicable Federal rate (as defined in Section 1274(d) of
         the Code) from the original payment due date to the date of actual
         payment by the Company. For

                                       12
<PAGE>

         greater clarity, if the Executive receives increased payments and
         benefits under this Section 7(e)(i), then this Section 7(e)(iv) shall
         not apply.

         (f)      Notwithstanding anything else in this Section 7 to the
contrary, nothing in this Section 7 shall be construed to release the Company
from (or to otherwise waive or modify) the Company's obligation to indemnify the
Executive pursuant to Section 5(f) hereof.

         8.       Non-exclusivity of Rights. Except as expressly provided
herein, nothing in this Agreement shall prevent or limit the Executive's
continuing or future participation in any benefit, bonus, incentive or other
plan or program provided by the Company or any Affiliate and for which the
Executive may qualify, nor shall anything herein limit or otherwise prejudice
such rights as the Executive may have under any other agreements with the
Company or any Affiliate, including employment agreements or stock option
agreements. Amounts which are vested benefits or which the Executive is
otherwise entitled to receive under any plan or program of the Company or any
Affiliate at or subsequent to the Date of Termination shall be paid in
accordance with such plan or program.

         9.       No Offset; Deferrals. The Company's obligation to make the
payments provided for in this Agreement and otherwise to perform its obligations
hereunder shall not be diminished or otherwise affected by any circumstances,
including, but not limited to, any set-off, counterclaim, recoupment, defense or
other right which the Company may have against the Executive or others whether
by reason of the subsequent employment of the Executive or otherwise. For
purposes of this Agreement, except for Section 7(e), the value of an amount or
property awarded, granted, or paid to the Executive shall be determined
notwithstanding any elective deferrals of payment.

         10.      Legal Fees and Expenses. If the Executive asserts any claim in
any contest (whether initiated by the Executive or by the Company) as to the
validity, enforceability or interpretation of any provision of this Agreement,
the Company shall pay the Executive's legal expenses (or cause such expenses to
be paid) including, but not limited to, the Executive's reasonable attorney's
fees, on a quarterly basis, upon presentation of proof of such expenses in a
form acceptable to the Company, provided that the Executive shall reimburse the
Company for such amounts, plus simple interest thereon at the 90-day United
States Treasury Bill rate as in effect from time to time, compounded annually,
if the Executive shall not prevail, in whole or in part, as to at least one
material issue as to the validity, enforceability or interpretation of any
provision of this Agreement.

         11.      Surviving Agreements. The Agreement to Protect Corporate
Property previously executed by the Executive, any written stock option
agreement into which the Executive entered with the Company, and any
Compensation Protection Agreement into which the Executive entered with the
Company are incorporated herein and made a part hereof. The Executive and the
Company hereby reaffirm their respective commitments under the agreements to
which reference is made in this Section 11, and again agree to be

                                       13
<PAGE>

bound by each of the covenants contained therein for the benefit of the Company
and Affiliates in consideration of the benefits made available to the Executive
hereby.

         12.      Successors. (a) This Agreement is personal to the Executive
and, without the prior written consent of the Company, shall not be assignable
by the Executive otherwise than by will or the laws of descent and distribution.
This Agreement shall inure to the benefit of and be enforceable by the
Executive's legal representatives.

         (b)      This Agreement shall inure to the benefit of and be binding
upon the Company and its successors. The Company shall cause each Affiliate, as
applicable, to comply with the terms of this Agreement. The Company shall
require any successor to all or substantially all of the business and/or assets
of the Company, whether direct or indirect, by purchase, merger, consolidation,
acquisition of stock, or otherwise, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent as the Company would
have been required to perform if no such succession had taken place.

         13.      Miscellaneous. (a) Applicable Law. This Agreement shall be
governed by and construed in accordance with the laws of the State of New York,
applied without reference to principles of conflict of laws.

         (b)      Arbitration. Except to the extent provided in Section 11(c)
hereof, any dispute or controversy arising under or in connection with this
Agreement shall be resolved by binding arbitration. The arbitration shall be
held in New York City and except to the extent inconsistent with this Agreement,
shall be conducted in accordance with the Expedited Employment Arbitration Rules
of the American Arbitration Association in effect at the time of the arbitration
(or such other rules as the parties may agree to in writing), and otherwise in
accordance with principles which would be applied by a court of law or equity;
provided for greater clarity, however, that in no event shall the arbitrator(s)
be bound to follow the rules of evidence, discovery, or procedure that would
applied by a court of law or equity. The arbitrator shall be acceptable to both
the Company and the Executive. If the parties cannot agree on an acceptable
arbitrator, the dispute shall be heard by a panel of three arbitrators, one
appointed by each of the parties and the third appointed by the other two
arbitrators.

         (c)      Amendments. This Agreement may not be amended or modified
other than by a written agreement executed by the parties hereto or their
respective successors and legal representatives.

         (d)      Entire Agreement. This Agreement constitutes the entire
agreement between the parties hereto with respect to the matters referred to
herein, and completely supersedes and replaces any prior Employment Continuation
Agreement (including any such amended and restated agreement) between the
Executive and the Company and/or an Affiliate. No other agreement relating to
the terms of the Executive's employment by the Company, oral or otherwise, shall
be binding between the parties unless it is in writing and signed by the party
against whom enforcement is sought. There are no promises, representations,
inducements or statements between the parties other than those

                                       14
<PAGE>

that are expressly contained herein. The Executive acknowledges entering into
this Agreement of the Executive's own free will and accord, and with no duress,
that the Executive has read this Agreement and understands it and its legal
consequences.

         (e)      Notices. All notices and other communications hereunder shall
be in writing and shall be given by hand-delivery to the other party or by
registered or certified mail, return receipt requested, postage prepaid,
addressed as follows:

         If to the Executive:           at the home address of the Executive
                                        noted on the records of the Company

         If to the Company:             MetLife, Inc.
                                        One Madison Avenue
                                        New York, New York 10010
                                        Attn.:  Secretary

or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Notice and communications shall be effective
when actually received by the addressee.

         (f)      Tax Withholding. The Company shall withhold from any amounts
payable under this Agreement such Federal, state or local taxes as shall be
required to be withheld pursuant to any applicable law or regulation.

         (g)      Severability; Reformation. In the event that one or more of
the provisions of this Agreement shall become invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of the remaining
provisions contained herein shall not be affected thereby.

         (h)      Waiver. Waiver by any party hereto of any breach or default by
the other party of any of the terms of this Agreement shall not operate as a
waiver of any other breach or default, whether similar to or different from the
breach or default waived. No waiver of any provision of this Agreement shall be
implied from any course of dealing between the parties hereto or from any
failure by either party hereto to assert its or the Executive's rights hereunder
on any occasion or series of occasions.

         (i)      Counterparts. This Agreement may be executed in counterparts,
each of which shall be deemed an original but all of which together shall
constitute one and the same instrument.

                                       15
<PAGE>

         (j)      Captions. The captions of this Agreement are not part of the
provisions hereof and shall have no force or effect.

                  IN WITNESS WHEREOF, the Executive has hereunto set the
Executive's hand and the Company has caused this Agreement to be executed in its
name on its behalf.

                                    METLIFE, INC.

                                    By: /s/ Lisa M. Weber
                                        --------------------------------------
                                    Title: Sr. Executive VP & Chief
                                           Administrative Officer

WITNESSED:

/s/ Ana Molina
----------------------------

                                    EXECUTIVE:

                                    /s/ William J. Wheeler
                                    ------------------------------------------
WITNESSED:

/s/ Lily Salzberg
----------------------------
                                       16<PAGE>

                                                                    EXHIBIT 10.9

Human Resources Service Center
500  Schoolhouse Road, Johnstown, PA  15904-2914

                                                               [METLIFE(R) LOGO]

                      AGREEMENT, WAIVER AND GENERAL RELEASE

This Agreement sets forth the entire agreement and understanding which has been
reached relative to the cessation of your (Gerald Clark) employment with MetLife
Group, Inc. ("MetLife"). It is fully agreed and understood as follows:

         1. As a material inducement to MetLife to enter into this Agreement,
you agree for yourself and your relatives, heirs, executors, administrators,
successors, and assigns that you hereby fully and forever release and discharge
MetLife, its parents, subsidiaries, affiliates, and agents and its past,
present, and future directors, officers, and employees, agents, representatives,
employee benefits plans or funds and the fiduciaries thereof, successors, and
assigns (collectively, "the Company") from any and all claims, charges, demands,
actions, liability, damages, sums of money, back pay, attorneys' fees, or rights
of any and every kind or nature, accrued or unaccrued, which you ever had, now
have or may have, whether known or unknown, against the Company arising out of
any act, omission, transaction, or occurrence up to and including the date you
execute this Agreement including, but not limited to, (i) any claim arising out
of or related to your employment by the Company or the cessation thereof, (ii)
any alleged violations of any federal, state, or local fair employment practice
or benefits laws, including the Age Discrimination in Employment Act, as
amended, or the Older Workers Benefit Protection Act, or other employee
relations statute, executive order, law, or ordinance, (iii) any alleged
violations of any duty or other employment-related obligation or other
obligations arising out of contract, tort, tortious course of conduct, libel or
slander, defamation, public policy, law, or equity, and (iv) any claim on your
behalf in any action brought by any administrative agency or other party
(including claims for damages, in whatever form, and for reinstatement). You
acknowledge that, prior to your execution of this Agreement, you have agreed
that your employment with MetLife will end effective December 30, 2003 and you
have indicated that you will retire from active service with MetLife effective
December 31, 2003, and that any and all claims arising from the cessation of
your active employment and your decision to retire are included in this release.
This Agreement does not affect any rights that you may have arising out of
events that occur after you have executed this Agreement or affect any vested
benefits or rights under employee benefit plans under ERISA.

         2. As a further material inducement to MetLife to enter into this
Agreement, you agree to cooperate with and provide information to or at the
request of the Company, its attorneys or representatives, upon reasonable
notice, at reasonable times and in reasonable places, including but not limited
to, being available for consultation, preparation for testimony or as a witness
in connection with any investigation, administrative proceeding or litigation
relating to any matter in which you were involved or of which you have knowledge
as a result of or in connection with your employment at the Company. This
undertaking is subject to the Company's obligation to pay you the reasonable and
documented out-of-pocket expenses actually incurred in complying with your
obligations under this Section.

         3. In consideration for the release set forth in this Section 1,
MetLife agrees to provide you with a lump sum payment under the Annual Variable
Incentive Plan in an amount approved by the Board of Directors. To this end, the
Company will recommend to the Board of Directors that the amount of this payment
be $675,000.00. The approved payment amount will be subject to required tax
withholding and will be paid at the time payments are made to all other Plan
participants. In addition, MetLife agrees to pay you a special enhancement to
your pension benefit. Along these lines, you will receive this special
enhancement in addition to the benefits to which you are otherwise entitled
under the terms of the Metropolitan Life Retirement Plan for United States
Employees ("Qualified Plan") and the MetLife Auxiliary Pension Plan
("Nonqualified Plan"). Your special enhancement benefit will be your total
pension benefit under the Qualified Plan and the Nonqualified

<PAGE>

Plan (combined), calculated as if you had two additional years of Company
service at the time of your retirement and as if you were two years older than
your actual age at the time of your retirement, less the amount of your pension
benefit determined under the Qualified Plan and Nonqualified Plan (combined)
without any enhancement to your age and service. This special enhancement
benefit will be paid to you at the same time and under the same method as you
elect with regard to the payment of your benefit under the Nonqualified Plan.

         You acknowledge that the lump sum payment amount which the Company will
recommend to the Board of Directors and the ultimate payment amount approved by
such Board, in addition to the special pension arrangement provided for in this
Section 3 exceed anything to which you would otherwise be entitled under any
policy, plan, and/or procedure or any agreement with the Company, and that they
represent full and complete consideration for the release you are giving the
Company in this Agreement. If that release is upheld in an action by you seeking
additional consideration for those claims, you will be in breach of this
Agreement.

         Further, neither this Agreement nor the payment nor special
arrangements to be provided pursuant to this Section 3 in any way constitutes an
admission on the part of the Company as to the violation of any law or any
obligation to you.

         4. By executing this Agreement, you acknowledge that the Company shall
have no obligation to rehire you at any time.

         5. You further agree, except for the provision of information to
governmental agencies, that neither you nor your agents, attorneys, or
representatives will publish, publicize, or reveal any Company information
obtained by you, your agents, attorneys, or representatives that relates to: (i)
your employment with the Company or the cessation of your employment with
MetLife, (ii) any claims that were raised or could have been raised in any
action as of the date you execute this Agreement, or (iii) the facts underlying
any such claims. You further agree, except for the provision of information to
governmental agencies, that neither you nor your agents, attorneys, or
representatives will communicate in any way to any former, present, or future
employees of the Company or to any person or corporation any information that
relates to your employment with the Company or to any claims which could have
been raised in any action in connection with the cessation of your employment
with MetLife unless required by law to do so.

         6. You will continue as a Vice-Chairman and member of the Board of
Directors of MetLife, Inc. through December 30, 2003, and you will resign from
your Vice-Chairmanship and membership effective with your discontinuance of your
active employment with MetLife. In the event that you remain as a director or an
officer of any Company entity up to the time of your discontinuance of your
active employment with MetLife, you hereby resign from such capacity effective
upon the discontinuance of your active employment with the Company. Your agree
to execute any additional, more specific document the Company may request to
effect any or all of these resignations.

         7. If any provision of this Agreement is held by a court of competent
jurisdiction to be illegal, void or unenforceable, such provision shall be of no
force and effect. However, the illegality or unenforceability of such provision
shall have no effect upon, and shall not impair the enforceability of any other
provision of this Agreement; provided, however, that upon any finding by a court
of competent jurisdiction that the covenant and release provided in Section 1
above is illegal, void, or unenforceable, you agree to execute a release and/or
waiver of the same scope as the release provided in Section 1 that is legal and
enforceable within 45 days of MetLife offering you such a release and/or waiver,
and that if you fail to do so that you will return promptly to MetLife any
additional money that became available to you by virtue of the special
arrangements made for you by MetLife pursuant to this Agreement.

         8. Moreover, you further agree that you will not make any disparaging
comments or statements to the press, to present or former employees of MetLife
(or of its parents, subsidiaries or affiliates), to any individual or entity
with whom or which MetLife or any of its parents, subsidiaries or affiliates has
or has had a business relationship, including present and former clients or
customers, or to others, about any MetLife employee or

                                        2
<PAGE>

officer or comments which could affect adversely the conduct of MetLife's
business or its reputation or the conduct of business or the reputation of any
of MetLife's parents, subsidiaries or affiliates. MetLife agrees that it will
use its best efforts to ensure that the Company's senior and executive officers
do not make any disparaging comments or statement to the press, to present or
former employees of MetLife (or of its parents, subsidiaries or affiliates)
about you that could affect adversely your reputation. In an event of a breach
of this Section 8, the non-breaching party may seek appropriate legal relief for
damages, including attorneys' fees and costs, in a court of competent
jurisdiction. However, such breach, in and of itself, will not relieve the
parties from any of their other obligations under this Agreement.

         9. If, on or prior to the date that your active employment with MetLife
ceases ("date of discontinuance"), you should die, become disabled, or for any
other reason, your employment is not discontinued by that date, this Agreement
will automatically be null and void.

         10. You acknowledge that MetLife has advised you in writing that you
have twenty-one (21) days in which to review this Agreement and fully consider
its terms prior to signing it and that you should consult with legal counsel
prior to signing this Agreement. You may accept this Agreement by fully
executing it and returning it to MetLife in accordance with the return
instructions provided with this Agreement by no later than 5:00 p.m. on the
twenty-first (21st) day after your receipt of it. After you have executed this
Agreement, you will have seven (7) days to revoke this Agreement, which you may
do by indicating your desire to do so in writing directed to MetLife in
accordance with the return instructions provided with this Agreement which must
be received by MetLife no later than 5:00 p.m. on the seventh (7th) day
following the date on which you executed this Agreement. This Agreement will
become effective on the eighth (8th) day (the "Effective Date") following your
execution of this Agreement, provided you have not revoked it. In the event that
you do not accept this Agreement as set forth above, or in the event that you
revoke this Agreement prior to its Effective Date, this Agreement, including but
not limited to the obligation of MetLife to provide any enhanced benefit
pursuant to Section 3, shall automatically be null and void.

         11. You affirm that this Agreement has been executed voluntarily by
you, and may not be changed except in a writing that specifically references
this Agreement and that is signed by you and an officer of MetLife. With the
exception of the Agreement to Protect Corporate Property attached hereto as
Exhibit A, or any written stock option agreement into which you may have entered
during your employment with the Company, which remain in full force and effect,
this Agreement constitutes the full understanding between us. You affirm that no
other promises or agreements of any kind have been made to you by any person or
entity whatsoever to cause you to sign this Agreement, and that you fully
understand the meaning and intent of this Agreement.

         12. Pursuant to section 13(c) of the Amended and Restated Employment
Continuation Agreement dated November 30, 2001 between MetLife, Inc. and
yourself ("Employment Continuation Agreement"), you and MetLife, Inc. agree that
your Employment Continuation Agreement shall terminate upon the effective date

                                       3
<PAGE>

of this Agreement and you will thereafter no longer be covered by the Employment
Continuation Agreement nor entitled to receive any payments or benefits pursuant
to its terms.

/s/ Gerald Clark                                         8/26/03
-----------------------------                            -----------------------
Signature                                                Date

STATE OF NEW JERSEY)
                           ):
COUNTY OF MORRIS)

         On this 26 day of August, 2003, before me personally came Gerald
Clark, to me known and known to me to be the person described in and who
executed this Agreement, Waiver, and General Release, and he duly acknowledged
to me that he executed the same.

                                             /s/ Jeanne Troup
                                             -----------------------------
                                             Notary Public
                                             JEANNE TROUP
                                             NOTARY PUBLIC OF NEW JERSEY
                                             MY COMMISSION EXPIRES NOV. 25, 2006

MetLife Group, Inc.

By: /s/ Lisa M. Weber                                    August 8, 2003
    -------------------------------------                -----------------------
    Lisa M. Weber                                        Date
    Senior Executive Vice-President
    and Chief Administrative Officer

                                       4

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