Document:

EX-10.2

 Exhibit 10.2 

METLIFE INTERNATIONAL PERFORMANCE UNIT INCENTIVE PLAN 
 (as amended and restated effective February 11, 2013) 
 ARTICLE I

 PURPOSE 
 The purpose of the “METLIFE INTERNATIONAL PERFORMANCE UNIT 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 Performance Unit 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 Performance Unit with regard
to which it is granted (determined at the time of the Change of Control); 
 (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; and 
 (v) do not accelerate the timing of payment or otherwise violate Code
Section 409A. 
 (e) “Approved Retirement” means a Participant’s 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) at times and under such circumstances as determined by the Administrator in its sole discretion; or

 (iii) 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; 
 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; or 
 (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); or 

(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.

  
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 (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 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 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 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 Stated Dollars $0.01 per
share. 
 (n) “Company” means MetLife, Inc., a Delaware corporation, and any successor thereto. 

(o) “Constructively Termination” 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. 

  
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 (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. 
 (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) “Final Performance Units” will have the meaning
ascribed to that term in the applicable Performance Unit Agreement. 
 (s) “Participant” means any Employee designated
by the Committee or the Administrator to participate in the Plan. 
 (t) “Performance Factor” will have the meaning
ascribed to that term in the applicable Performance Unit Agreement. 
 (u) “Performance Period” will have the meaning
ascribed to that term in the applicable Performance Unit Agreement. 
 (v) “Performance Unit” means a conditional
right to payment granted pursuant to and subject to the terms of this Plan, denominated in units. 
 (w) “Performance Unit
Agreement” means a written agreement between the Participant and one or more Affiliates that specifies the number of Performance Units granted to the Participant, the Performance Factor, the Performance Period, how the number of Final
Performance Units will be determined, the effect of any Termination on Performance Units, and any other conditions of any payment related to Performance Units, and such other terms and conditions as the Administrator shall determine which are not
inconsistent with the provisions of the Plan. 
 (x) “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. 
 (y) “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. 

  
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 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 Performance Units 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 Performance Units shall be granted. The number
of Performance Units the Committee may grant shall be unlimited. The number of Performance Units the Administrator may grant to any individual Participant shall be limited to 15,000 in any 12-month period. The Administrator may not grant any
Performance Units 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
Performance Units, including the terms of any Performance Unit Agreements. The Administrator may establish different terms and conditions for different Participants and for the same Participant for each Performance Unit such Participant may receive,
whether or not granted at different times. Notwithstanding any other terms of this Plan, no grant of Performance Units shall be effective unless one or more Affiliates approves or ratifies the grant. The Committee’s or Administrator’s
grant of Performance Units to an employee of MetLife Group, Inc. shall constitute approval of the grant by MetLife Group, Inc. 

4.2. 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 Performance Unit 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. 

  
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 (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 PERFORMANCE UNITS 

The Administrator will make appropriate adjustments in the terms and conditions of Performance Units 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 Performance Units. The Administrator’s determinations in this regard will be conclusive. 
 ARTICLE VI

 PERFORMANCE UNITS 
 6.1. Grant of Performance Units. Performance Units may be granted to Employees 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 determining the number of Performance Units, if any, to be granted to an Employee. The Committee or the Administrator may grant Performance Units before, at the same time
as, or after the beginning of the Performance Period applicable to those Performance Units. Notwithstanding any other terms of this Plan, no grant of Performance Units shall be effective unless one ore more Affiliates approves or ratifies the grant
and the terms thereof. The Committee’s or the Administrator’s grant of Performance Units to an employee of MetLife Group, Inc. shall constitute approval of the grant by MetLife Group, Inc. Each Performance Unit shall be evidenced by a

  
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Performance Unit Agreement. Any Affiliate that approves or ratifies a grant of Performance Units shall execute the applicable Performance Unit Agreement through a representative. 

6.2. Payment. Subject to the terms of Articles VII and VIII of this Plan, a cash payment equal to the number of Final Performance
Units multiplied by the Closing Price on the date designated by the Plan Administrator (such date shall follow the last day of the Performance Period), less minimum withholding for applicable taxes and other legally-required items, shall be due and
payable to the Participant (or another individual in lieu of the Participant pursuant to Section 10.2 of the Plan). The timing of payment shall be determined under the applicable Performance Unit Agreement. 

6.3 Substitution. The Administrator may, at any time prior to payment for Performance Units, in its sole discretion, may :

 (a) find that the Company or an Affiliate has made an award to the Participant intended to substitute for the Performance
Units, including but not limited to a contingent right to acquire Common Stock (whether restricted or unrestricted, subject to Common Stock-price appreciation or other performance terms, in the form of options, or otherwise); 

(b) find that such substitute award is subject to such material terms and conditions that: (i) are no less favorable than the terms
and conditions governing the Performance Units; and (ii) that provide for the same terms for timing of payment as do the Performance Units; and 
 (c) in light of such findings, cancel the Performance Units without additional compensation to the Participant. 
 ARTICLE VII 
 CHANGES OF STATUS 

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

CHANGE OF CONTROL 

Notwithstanding any other terms of this Plan, in the event of a Change of Control, unless the Administrator reasonable determines in good
faith prior to the occurrence of a Change of Control that an Alternative Award has been granted with regard to a Performance Unit, the Performance Units (without being transformed into Final Performance Units) will be valued at the Change of Control
Price and be immediately payable in cash. The timing of payment shall be determined under the applicable Performance Unit Agreement. 

  
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 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 Performance Unit theretofore granted under the Plan without the consent of the Participant. 

ARTICLE X 

MISCELLANEOUS PROVISIONS 
 10.1. Nature and Transferability of Performance Units. No Performance Unit shall be considered a property interest of any Participant, and such Performance Unit 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 Performance Unit may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by
will or by the laws of descent and distribution. 
 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 Performance Units. 
 103.
Tax Withholding and Currency. Each Affiliate shall have the power to withhold, or require a Participant to remit to the Affiliate, an amount sufficient to satisfy any applicable withholding tax requirements imposed by any competent authority
on any Performance Unit under the Plan, and the Affiliate may defer any payment until such requirements are satisfied. 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 Performance
Units and all payments under this Plan shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies as may be required. 
 10.6. Term of Plan. The Plan 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 Performance Unit 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. 

  
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 10.8. No Impact on Benefits. Except as may otherwise be specifically stated under any
employee benefit plan, policy or program, Performance Units 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 Performance Units 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 Performance Unit Agreement. 

10.11. Obligor. The obligation to make payments due under each Performance Unit Agreement, if any, shall be the obligation of the
determined under the terms of the Performance Unit Agreement. Payment due from any Affiliate in relation to any Performance Units may be made on behalf of that Affiliate by any other Affiliate. In no event shall the Company be obligated to make
payments due under this Plan pursuant to any Performance Unit Agreement. 

  
 10EX-10.3

 Exhibit 10.3 

PERFORMANCE UNIT AGREEMENT 
 [Company] (the “Global Affiliate”) confirms that, on [date], [year] (the “Grant Date”), you were granted [amount in words] ([number]) Performance Units
under the MetLife International Performance Unit Incentive Plan (the “Plan”), and approves and ratifies such grant. Your Performance Units are subject to the terms and conditions of this Performance Unit Agreement (this
“Agreement”) and of the Plan (which is incorporated in this Agreement by reference). Any payment due under this Agreement may be made by any one or more Affiliates (each such Affiliate(s) making any such payment will be known as a
“Paying Affiliate”). 
 1. Standard Performance Terms. 

(a) The terms of this Section 1 shall be referred to as the “Standard Performance Terms” and will apply to your
Performance Units except in so far as Sections 2 or 3 apply. 
 (b) The Performance Period for your Performance Units will begin
on January 1, [year] and end on the December 31 immediately preceding the third anniversary of the beginning of the Performance Period. The Administrator will determine your Final Performance Units in accordance with this
Section 1 (your “Final Performance Units”). Each Final Performance Unit will be paid in cash equal to the Closing Price of Common Stock on the date designated by the Administrator following the last day of the Performance Period. Your
Final Performance Units will be due and payable in cash at the time specified in Section 8. 
 (c) If the Committee
determines in writing that the Company met one or more of the Section 162(m) Goals, then you will be eligible for a payment of up to 175% of your Performance Units. Notwithstanding any other terms of this Agreement, your payment may not exceed
this amount. The “Section 162(m) Goals” shall be the following: 
 (1) Positive Company Adjusted Income for the
Performance Period. 
 (2) Positive Company Adjusted Income for the third calendar year of the Performance Period. 

(3) Positive Company Total Shareholder Return for the Performance Period. . 

(4) Positive Company Total Shareholder Return for the third calendar year of the Performance Period. 

(5) For purposes of this Section 1(c), the following definitions shall apply: 

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

(b) “Total Shareholder Return” means the change (plus or minus) from the Initial Closing Price to the Final Closing Price,
plus dividends (if any) actually paid on Shares on a reinvested basis during the applicable period. “Initial Closing Price” means the average 

 
Closing Price for the twenty (20) trading days prior to the first day of the applicable period. “Final Closing Price” means the average Closing Price for the twenty
(20) trading days prior to and including the final day of the applicable period. 
 (d) If, under Section 1(c), you
are eligible for a payment, the Committee will determine your Final Performance Units by multiplying your Performance Units by the “Final Performance Factor.” The Final Performance Factor means a percentage (from zero to 175%) determined
by the Committee in its discretion. In exercising its discretion, the Committee may consider the average of two performance factors (each from zero to 175%), described in (1) and (2) below, subject to the cap determined by (3) below,
if applicable, or such other considerations as it finds appropriate. 
 (1) The first performance factor will be based on the
Company’s annual performance during the Performance Period with respect to Operating Return on Equity compared to its three-year business plan, as determined by the Committee in its discretion. In exercising its discretion, the Committee may
refer to the guidelines in Performance Factor Appendix 1 to this Agreement, or such other considerations as it finds appropriate. 
 (2) The second performance factor will be based on the Company’s performance with respect to Total Shareholder Return during the Performance Period compared to the Company’s peer companies, as
determined by the Committee in its discretion. In exercising its discretion, the Committee may refer to the list of peer companies and guidelines in Performance Factor Appendix 2 to this Agreement, or such other considerations as it finds
appropriate. 
 (3) In determining the Final Performance Factor in its discretion, the Committee may consider whether the
Company’s Total Shareholder Return for the Performance Period is zero or less, and if so may, in its discretion, choose to set the Final Performance Factor at the lesser of (a) the average of the percentages determined under Sections
1(d)(1) and (2); or (b) 100%. 
 2. Changes of Status. For purposes of this Section 2, your transfer
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) Disability. In the event of your qualification for Disability benefits, Section 1 will continue to apply to your
Performance Units. Notwithstanding any other terms of this Section 2, if you qualify for Disability benefits no subsequent Termination, other than a Termination for Cause, shall affect your Performance Units. 

(b) Death. In the event of your Termination due to your death, each of your Performance Units (without being transformed into
Final Performance Units) will be valued at the Closing Price on the date of death and due and payable in cash. Any payment will be made at the time specified in Section 8. 

(c) Approved Retirement. In the event of your Termination by reason of an Approved Retirement, Section 1 will continue to
apply to your Performance Units. Subject to Section 2.1(e) of the Plan, you do not need special approval from the Administrator for an Approved Retirement. 

  
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 (d) Termination for Cause. Notwithstanding any other terms of this Section 2, in
the event of your Termination for Cause, all of your Performance Units will be forfeited immediately. 
 (e) Other
Terminations. Unless the Administrator determines otherwise, if no other provision of this Section 2 applies, your Performance Units will be forfeited immediately upon your termination of employment unless you are offered a separation
agreement by the Company or an Affiliate under a severance program. To the extent you are offered a separation agreement by the Company or an Affiliate, and your separation agreement becomes final by March 15 of the calendar year after the
separation agreement is offered to you, your Prorated Performance Units will be due and payable to you. Any payment will be made at the time specified in Section 8. The number of your “Prorated Performance Units” will be determined by
dividing the number of calendar months in the Performance Period that have ended as of the end of the month of the termination of your employment by thirty-six (36), multiplying the result by the number of your Performance Units, and rounding to the
nearest whole number, and, if you were subject to the reporting requirements of Section 16 of the United States Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto (the “Exchange Act”), or were
an “executive officer” of the Company under the Exchange Act and the rules promulgated thereunder, at any time during the Performance Period, further multiplying the result by the lesser of 100% or the Performance Factor; provided,
however, that if the date of the termination of your employment is prior to the first anniversary of the beginning of the Performance Period, then the number of your Prorated Performance Units shall be zero (0). Payment for each of your Prorated
Performance Units will be made in cash at a value equal to the Closing Price on the Grant Date and shall be rounded to the nearest US one-hundred dollars (US$100.00) in value; provided, however, that if you were subject to the reporting
requirements of Section 16 of the Exchange Act, or were an “executive officer” of the Company under the Exchange Act and the rules promulgated thereunder, at any time during the Performance Period, payment for each of your Performance
Units will be made in cash at a value equal to the lesser of the Closing Price on the Grant Date or the Closing Price on the date the Performance Factor is determined, and shall be rounded to the nearest US one-hundred dollars (US$100.00) in value.
If your separation agreement does not become final, your Performance Units will be forfeited. 
 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. 
 (b) Except as provided in Section 3(c), and unless
otherwise prohibited under law or by applicable rules of a national security exchange, if a Change of Control occurs, your Performance Units will be due and payable in the form of cash equal to the number of your Performance Units multiplied by the
Change of Control Price. Any payment will be made at the time specified in Section 8. 
 (c) The terms of Section 3(b)
will not apply to your Performance Units if the Committee reasonably determines in good faith, prior to the Change of Control, that you have been granted 

  
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an Alternative Award for your Performance Units. “Alternative Award” shall have the same meaning as that term under the MetLife, Inc. 2005 Stock and Incentive Compensation Plan. Any
such Alternative Award shall not accelerate the timing of payment or otherwise violate Code Section 409A. 
 4.
Nontransferability of Awards. Except as otherwise permitted by the Administrator, you may not sell, transfer, pledge, assign or otherwise alienate or hypothecate any of your Performance Units, other than by will or by the laws of descent
and distribution. 
 5. Estate. Benefits remaining unpaid at your death will be paid to your estate, except as
otherwise required by law. 
 6. Tax Withholding. The Paying 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 Paying Affiliate will defer payment until this requirement is satisfied. 
 7. Adjustments. The Administrator will make appropriate adjustments in the terms and conditions of your Performance Units in recognition of unusual or nonrecurring events affecting the
Company or its financial statements as provided in the Plan. The Administrator’s determinations in this regard will be conclusive. No additional Performance Units will be credited to you on the occasion of the payment of any cash dividend on
Common Stock or any other payment in connection with such Common Stock. 
 8. Timing of Payment. 

(a) This Agreement is intended to comply with Code Section 409A and shall be interpreted accordingly. 

(b) If payment is due and payable under Section 2(b), it will be made upon your death. 

(c) If payment is due and payable under Section 2(e), it will be made six (6) months after the termination of your employment
(or six (6) months after your “separation from service” under Code Section 409A, if that is a different date); provided, however, that if you were subject to the reporting requirements of Section 16 of the Exchange Act, or
were an “executive officer” of the Company under the Exchange Act and the rules promulgated thereunder, at any time during the Performance Period, payment will be made in the calendar year after the end of the Performance Period but in no
event earlier than six (6) months after the termination of your employment (or six (6) months after your “separation from service” under Code Section 409A, if that is a different date). 

(d) If payment is due and payable under Section 3(b), and the Change of Control that causes payment to be due and payable is a
“change of control” as defined under Code Section 409A, such sum shall be paid to you within thirty (30) days of the Change of Control. If payment is due and payable under Section 3(b), and the Change of Control that causes
payment to be due and payable is not a “change of control” as defined under Code Section 409A, such sum shall be paid to you at the time determined under Section 8(e). 

  
 4 

 (e) If payment is due and payable under the Standard Performance Terms, payment will
be made in the calendar year after the end of the Performance Period; provided, however, that if you were given the opportunity to defer payment under an applicable deferred compensation plan offered by the Company or an Affiliate and chose
to defer payment, then payment will be made at the time determined under that plan. 
 9. Closing Price.
“Closing Price” is defined in the Plan. 
 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 of the United States of America, regardless of the law that might be applied under principles of conflict of laws.
Any action to enforce this Agreement or any other action regarding this Agreement must be brought in a court in the State of New York of the United States of America, to which jurisdiction the Administrator, the Global Affiliate, and you consent, to
the maximum extent consistent with law. 
 12. Miscellaneous. 

(a) For purposes of this Agreement, “Committee” and “Administrator” includes any direct or indirect delegate of the
Committee or Administrator as defined in the Plan or otherwise and (unless otherwise indicated) the word “Section” refers to a Section in this Agreement. “Shares” refer to shares of Common Stock. 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 Administrator 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 all Affiliates regarding your Performance Units. No promises, terms, or agreements of any kind regarding your Performance Units 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. 
 (c) Your Performance Units are not Shares and do not give you the rights of a holder of Shares. You will not be credited with additional Performance Units on account of any dividend paid on Shares.

 (d) To the extent that that your Units are replaced by an award payable in Shares, the Administrator may, in its discretion,
require you at any time to immediately sell such Shares, in which case, the Administrator shall have the authority to issue sales instructions in relation to 

  
 5 

 
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) Payment pursuant to your Performance Units 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 grant of Performance Units to you is not intended to be a public offering of securities, and the Company has not submitted
any registration statement, prospectus, or other securities filing with authorities, except where required by law. Your Performance Units have not been, and will not be, reviewed by or registered with any securities authorities, 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 Performance Units hereunder is not intended to be a public offering of securities in Chile
but instead is intended to be a private placement. To the extent that 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 Performance Units 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 Performance Units, you should obtain independent professional investment advice. 

(f) You agree to repatriate all payments under this Agreement (or, to the extent that that your Units are replaced by an award payable in
Shares, cash attributable to Shares you acquire), 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 Performance Units 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
Performance Units, including the grant or payment on account of the Performance Units, and that neither the Company nor any Affiliate commits to structure the terms of the grant of or any aspect of any Performance Units 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 Administrator, 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.

  
 6 

 (j) You agree that this Agreement and any other documents related to the Plan or your
Performance Units 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 Performance Units. 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 Performance Units
(“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
Performance Units 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; 

(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 

  
 7 

 
Agreement you will not receive any Performance Units pursuant to this Agreement, and if you subsequently withdraw your consent under this Section 12 you will forfeit all of your Performance
Units. 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 one or more of the Company and its Affiliates, 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 Performance Units is voluntary and occasional and does not create any contractual or other right to
receive future grants of Performance Units, or benefits in lieu of Performance Units, even if Performance Units have been granted repeatedly in the past; 
 (3) all decisions with respect to future Performance Units grants, if any, will be at the discretion of the Committee or Administrator, including, but not limited to, the timing of any grants, the number
of Performance Units and vesting provisions; 
 (4) your participation in the Plan is voluntary; 

(5) the Performance Units are an extraordinary item which is outside the scope of your employment contract, if any; 

(6) the Performance Units 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 Performance Unit 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 Performance
Units or diminution in value of the Performance Units 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 Performance Units, nor any period within which payment may be made on account of your Performance Units, 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 Performance Units, if any, will not be extended by any notice period mandated under law. 

  
 8 

 (m) The Administrator may impose other requirements as a condition of your Performance
Units, to the extent the Committee or Administrator 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 Performance
Units, or the Plan. To the extent the Administrator 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 Administrator has the exclusive right to amend this Agreement as long as the amendment is consistent
with the Plan. The Administrator will give written notice to you (or, in the event of your death, to your estate) of any amendment as promptly as practicable after its adoption. 

14. Additional Terms. 
 (a) You acknowledge that, subject to the terms of Section 14(d) of this Agreement, the obligation to make each payment due under this Agreement, if any, shall be the obligation of the Global
Affiliate or, if different, the Paying Affiliate rather than the Global Affiliate. To the extent the Global Affiliate is aware that you are subject to United States income taxation at the time a payment is due, the Paying Affiliate shall be
incorporated in the United States or a jurisdiction that has a comprehensive tax treaty with the United States. The obligation to make payments under this Agreement shall be unfunded and unsecured. In no event shall the Company be obligated to make
payments due under this Agreement. The Global Affiliate and you agree and acknowledge that, to the extent consistent with applicable law, neither the Performance Units, this Agreement, the Plan nor any rights, obligations, terms and conditions set
forth therein or in connection therewith, constitute securities, negotiable instruments, or derivatives instruments or transactions. 
 (b) Payments pursuant to Section 3 will be made in your then-current payroll currency (or another currency of your choosing) at a reasonable US currency exchange rate chosen in good faith by the
Administrator or the Paying Affiliate. Otherwise, any payment due to you will be made in your then-current payroll currency (or other currency of the Administrator or Paying Affiliate’s choosing) at a United States currency exchange rate
determined by the Administrator or the Paying Affiliate in their discretion. 
 (c) To the extent any separate or additional
consideration is necessary under applicable law to effectuate the parties’ intentions to be bound by the terms of this Agreement, you agree to pay US$1.00 (One Dollar 00/100 currency of the United States of America) to the Global Affiliate,
which shall not be refundable to you. 

  
 9 

 (d) Notwithstanding anything in this Agreement to the contrary, the Administrator may, at
any time prior to payment for your Performance Units, in its sole discretion, find that the Company or an Affiliate has made an award to you intended to substitute for the Performance Units (including but not limited to a contingent right to acquire
Common Stock), and that such substitute award is subject to such material terms and conditions that are no less favorable than the material terms and conditions governing your Performance Units and that provide for the same timing for payment as
apply to your Performance Units. Upon such a finding, the Administrator may, in its sole discretion, cancel your Performance Units in light of that substitute award without additional compensation to you. 

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. For purposes of this Section 15, “Insider” means someone subject to the reporting
requirements of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder. 
 (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:

 (1) your Performance Units will be immediately forfeit; and 

(2) to the extent that Section 2(e) applies to you, you will forfeit any right to any payment under Section 2(e), or the terms
of your separation agreement pursuant to Section 2(f), not yet paid to you. 

  
 10 

 (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 Global Affiliate has caused its duly authorized officer to execute, and you have executed, this Agreement effective on the Grant Date. 

 

							
	[COMPANY	 		 	EMPLOYEE
				
	By:	 	  
	 		 	
		 	Signature	 		 	  

		 		 	Signature
	  
	 		 	
	Name	 		 	  

		 		 	Date
	  
	 		 	
	Title	 		 	

  
 11 

 Performance Factor Appendix 1 

to Performance Unit Agreement 
  

																							
	 Operating Return on Equity Performance Factor Guidelines
	 
	 	  	Below
Threshold	 	Threshold	 	 	 Between Threshold and

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

  

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

 Performance Factor Appendix 2 

to Performance Unit Agreement 
  

			
	 Total Shareholder Return Peer Companies

	 Aegon NV
	  	Legal & General Group
	 Aflac Inc.
	  	Lincoln National Corp.
	 AIA Group
	  	Manulife Financial Corp.
	 Allianz SE
	  	Ping An Insurance Group
	 Allstate Corp
	  	Principal Financial Grp Inc.
	 American International Group
	  	Prudential Financial Inc.
	 Assicurazioni Generali SPA
	  	Prudential PLC
	 Aviva PLC
	  	Travelers Cos. Inc.
	 AXA
	  	Unum Group
	 Dai-Ichi Life Insurance Co. Ltd.
	  	Zurich Financial Services
	 Hartford Financial Services
	  	

  

																					
	 Total Shareholder Return Performance Factor
Guidelines

	 	  	Below
Threshold	 	Threshold	 	 	 Between Threshold and

Target
	  	Target	 	 	 Between Target and
Maximum
	  	Maximum	 	 	Above
Maximum
	 Performance Result
	  	0 - 24th

%tile
	 	 
  
	25th
 %tile
	  
   
	 	 26th - 49th
 %tile
	  	 
  
	50th
 %tile
	  
   
	 	 51st - 87.4th
 %tile
	  	 
  
	87.5th
 %tile
	  
   
	 	87.6th - 99th

%tile

	 Performance Factor
	  	0%	 	 	25	% 	 	For each %tile the performance result is above the 25th %tile, add 3% to the threshold performance factor of 25%.	  	 	100	% 	 	For each %tile the performance result is above the 50th %tile, add 2% to the target performance factor of 100%.	  	 	175	% 	 	175%

  

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

 .

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