Amendment Number One to the Brighthouse Services, LLC Amended and Restated Executive Severance Pay Plan
Contract Categories:
Human Resources
›
Severance Agreements
Summary
This amendment updates the Brighthouse Services, LLC Executive Severance Pay Plan. It clarifies that all severance benefits under the plan are now subject to any compensation recoupment policy that the company or its affiliates may have in place. The amendment was executed by the plan administrator on May 10, 2023. This change ensures that severance payments can be recovered if required by company policy.
EX-10.3 3 bhf-06302023xex103.htm EX-10.3 Document
Exhibit 10.3
AMENDMENT NUMBER ONE
TO THE
BRIGHTHOUSE SERVICES, LLC
AMENDED AND RESTATED EXECUTIVE SEVERANCE PAY PLAN
The BRIGHTHOUSE SERVICES, LLC AMENDED AND RESTATED EXECUTIVE SEVERANCE PAY PLAN (the “Plan”) is hereby amended, effective as of the date this amendment was executed, as set forth below:
Section 7.10 of the Plan is hereby amended by restating it in its entirety to read as follows:
“Recoupment. All Severance Benefits payable hereunder shall be subject to any compensation recoupment policy of the Company or any of its affiliates in effect from time to time.”
IN WITNESS WHEREOF, this amendment has been executed by the Plan Administrator on this 10th day of May 2023.
Plan Administrator
/s/ Micah Dowling
Micah Dowling
Witness: /s/ Tracy Kidd
