AMENDMENT TO MANAGEMENT PERFORMANCE SHARE AGREEMENTS
Exhibit 10.2
AMENDMENT TO MANAGEMENT PERFORMANCE SHARE AGREEMENTS
Pursuant to the MetLife, Inc. 2005 Stock and Incentive Compensation Plan (the “Plan”),
MetLife, Inc. hereby amends each of your Management Performance Share Agreements (the “Agreements”)
as of April 25, 2007, as follows (this “Amendment”):
1. Section 7 of each Agreement is restated in its entirety as follows:
7. Adjustments. The Committee will make appropriate adjustments in the
terms and conditions of your Performance Shares in recognition of unusual or
nonrecurring events affecting the Company or its financial statements (such as a
Common Stock dividend, Common Stock split, recapitalization, payment of an
extraordinary dividend, merger, consolidation, combination, spin-off, distribution of
assets to stockholders other than ordinary cash dividends, exchange of shares, or
other similar corporate change), or in recognition of changes to applicable laws,
regulations, or accounting principles, to prevent unintended dilution or enlargement
of the potential benefits of your Performance Shares. The Committee’s determinations
in this regard will be conclusive.
2. Any capitalized word used in this Amendment is defined in the Plan or each Agreement.
This Amendment will be construed in accordance with and governed by the laws of the State of
Delaware, regardless of the law that might be applied under principles of conflict of laws. This
Amendment, the Agreements, and the Plan represent the entire agreements between you and the
Company, and you and all Affiliates, regarding your Performance Shares and no other promises,
terms, or agreements of any kind regarding your Performance Shares apply. In the event any
provision of this Amendment is held illegal or invalid, the rest of the Amendment will remain
enforceable. In no event will this amendment be construed in a manner that would cause you to
incur a penalty under Code Section 409A.
IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this
Amendment.
METLIFE, INC. |
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By: | /s/ C. Xxxxxx Xxxxxxxxx | |||
Name | ||||
Chairman of the Board, President and CEO | ||||
Title | ||||
/s/ C. Xxxxxx Xxxxxxxxx | ||||
Signature |