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

Summary

This amendment updates the Metropolitan Life Supplemental Auxiliary Savings and Investment Plan, originally established in 1996, to reflect changes effective January 1, 2003. The amendment clarifies that Metropolitan Life Insurance Company, Texas Life Insurance Company (for its employees), and MetLife Group, Inc. (with obligations allocated as agreed) are parties to the plan. The main purpose is to restate and continue the plan for eligible employees of these companies.

EX-10.38 9 y84177exv10w38.txt AMEND TO METLIFE SUPP AUX SAVINGS/INVESTMENT PLAN EXHIBIT 10.38 AMENDMENT TO THE METROPOLITAN LIFE SUPPLEMENTAL AUXILIARY SAVINGS AND INVESTMENT PLAN The METROPOLITAN LIFE SUPPLEMENTAL 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 and Texas Life Insurance Company, with respect to its own employees, and MetLife Group, Inc., for whom all obligations under this Plan for its employees are allocated between Metropolitan Life Insurance Company and MetLife Group, Inc. in the manner agreed between such parties, hereby continue in force and effect, as restated and amended by this instrument, effective January 1, 2003, the Metropolitan Life Supplemental Auxiliary Savings and Investment Plan (the Plan), which was first established effective January 1, 1996." 2. This amendment is effective January 1, 2003. METROPOLITAN LIFE INSURANCE COMPANY Date __________________ ___________________________________ Witness METLIFE GROUP, INC. Date __________________ ___________________________________ Witness __________________ TEXAS LIFE INSURANCE COMPANY Date __________________ ___________________________________ Witness 2. 2