SEC Contract Filing

Filing Date: 2015-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.45
<SEQUENCE>10
<FILENAME>met-20141231xex1045.htm
<DESCRIPTION>EX-10.45
<TEXT>
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<a name="s149259F5A688AF128729BC19DCDE6392"></a><div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.45</font></div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">MANAGEMENT PERFORMANCE SHARE AGREEMENT</font></div><div style="line-height:100%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:135%;text-align:left;padding-left:36px;text-indent:16px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">MetLife, Inc. confirms that, on </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[grant date] </font><font style="font-family:inherit;font-size:12pt;">(the "Grant Date"), it granted you, </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[name]</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[number]</font><font style="font-family:inherit;font-size:12pt;">&#32;Performance Shares (your "Performance Shares"). Your Performance Shares are subject to the terms and conditions of this Management Performance Share Agreement (this "Agreement") and the MetLife, Inc. 2005 Stock and Incentive Compensation Plan (the "Plan").</font></div><div style="line-height:100%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:77px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:53px;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Standard Performance Terms.</font></div></td></tr></table><div style="line-height:100%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:53px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a) The terms of this Section 1 shall be referred to as the "Standard Performance Terms" and will apply to your Performance Shares except in so far as Sections 2 (Change of Status) or 3 (Change of Control) apply.</font></div><div style="line-height:100%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:134%;text-align:left;padding-left:36px;text-indent:16px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b) The Performance Period for your Performance Shares will begin on </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[date]</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[year]</font><font style="font-family:inherit;font-size:12pt;">&#32;and end on the December 31 immediately preceding the third anniversary of the beginning of the Performance Period. After the conclusion of the Performance Period, the Committee shall certify in writing the number of Performance Shares payable in accordance with this Section 1 (your "Final Performance Shares"), and your Final Performance Shares will be due and payable in Shares at the time specified in Section 8.</font></div><div style="line-height:100%;padding-top:1px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:125%;text-align:left;padding-left:36px;text-indent:16px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c) If the Committee determines in writing that the Company had net income available to common shareholders for either the third calendar year of the Performance Period or for the Performance Period as a whole, then you will be eligible for a payment of up to 200% of your Performance Shares. Net income available to common shareholders for any period will be determined with reference to the Company's Form 10-K on file with the Securities and Exchange Commission for the third year of the Performance Period on the date of the Committee's determination.</font></div><div style="line-height:123%;padding-top:5px;text-align:left;padding-left:36px;text-indent:16px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d) If, under Section 1(c), you are eligible for a payment, the Committee will determine your Final Performance Shares by multiplying your Performance Shares by the "Performance Factor." The Performance Factor means a percentage (from zero to 200%) which is the sum of two other percentages (each from zero to 100%), described in (1) and (2) below, multiplied by the factor determined by (3) below, if applicable.</font></div><div style="line-height:100%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:133%;text-align:left;padding-left:49px;text-indent:16px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(1) The first percentage w