Amendment to Metropolitan Life Auxiliary Savings and Investment Plan (Metropolitan Life Insurance Company, MetLife Group, Inc., Texas Life Insurance Company)

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment updates the Metropolitan Life Auxiliary Savings and Investment Plan, effective January 1, 2003. It clarifies that Metropolitan Life Insurance Company, MetLife Group, Inc., and Texas Life Insurance Company are covered, with Metropolitan Life assuming obligations for the other companies' employees. The amendment also specifies that employees whose company contributions are limited by certain IRS code sections will participate in the plan. The document is signed by representatives of all three companies.

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EX-10.32 6 y84177exv10w32.txt AMEND. TO METLIFE AUX. SAVINGS & INVESTMENT PLAN EXHIBIT 10.32 AMENDMENT TO THE METROPOLITAN LIFE AUXILIARY SAVINGS AND INVESTMENT PLAN The METROPOLITAN LIFE AUXILIARY SAVINGS AND INVESTMENT PLAN ("Plan") is hereby amended as follows: 1. The first paragraph of the Plan is hereby amended as follows: "Metropolitan Life Insurance Company, with respect to its own employees, and MetLife Group, Inc. and Texas Life Insurance Company, for whom all obligations under this Plan for its employees are assumed by Metropolitan Life Insurance Company, hereby continue in force and effect, as restated and amended by this instrument, effective January 1, 2003, the Metropolitan Life Auxiliary Savings and Investment Plan (the Plan), which was first established effective January 1, 1983." 2. Article 2 of the Plan is hereby amended as follows: "Article 2 - Participation Each employee of Metropolitan Life Insurance Company, MetLife Group, Inc. and Texas Life Insurance Company participating in the Savings and Investment Plan whose Company contributions are reduced because of the application of (i) section 415 of the Internal Revenue Code and/or (ii) section 401(a)(17) of the Internal Revenue Code shall be a Participant in this Plan." 3. This amendment is effective January 1, 2003. 1 METROPOLITAN LIFE INSURANCE COMPANY Date __________________ ______________________________________________ Witness METLIFE GROUP, INC. Date __________________ ______________________________________________ Witness __________________________ TEXAS LIFE INSURANCE COMPANY Date __________________________ ____________________________________ Witness 2