Amendment Number Five to the Brighthouse Services, LLC Voluntary Deferred Compensation Plan
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Summary
This amendment updates the Brighthouse Services, LLC Voluntary Deferred Compensation Plan, effective January 1, 2025. It changes the rules for how much of their cash incentive compensation eligible employees can defer into the plan. Officers may now defer between 10% and 70%, while Wholesalers may defer between 10% and 50%. The amendment is executed by the Plan Administrator and witnessed on November 13, 2024.
EX-10.7 5 2 bhf-12312024xex1075.htm EX-10.7 5 Document
Exhibit 10.7.5
AMENDMENT NUMBER FIVE TO THE
BRIGHTHOUSE SERVICES, LLC VOLUNTARY DEFERRED COMPENSATION PLAN
The BRIGHTHOUSE SERVICES, LLC VOLUNTARY DEFERRED COMPENSATION PLAN (the “Plan”) is hereby amended, effective as of January 1, 2025, as follows:
Section 5.2(b) of the Plan is hereby amended by restating it in its entirety to read as follows:
“(b) the percentage, in increments of 1%, of the Eligible Employee’s Cash Incentive Compensation that the Eligible Employee wishes to defer into a Deferred Compensation Account, which shall be no less than 10% and no greater than 70% for the Officers and 50% for the Wholesalers;”
IN WITNESS WHEREOF, this amendment has been executed by the Plan Administrator on this 13th day of November 2024.
| /s/ Micah Dowling | ||
| Micah Dowling | ||
| Plan Administrator | ||
| Witness: | /s/ Tracy Kidd | ||||
