Amendment No. 8 to the MetLife Auxiliary Match Plan (Effective January 1, 2008, as Amended December 1, 2023)
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Summary
This amendment, effective December 1, 2023, updates the MetLife Auxiliary Match Plan to include a provision that allows MetLife, Inc. and its affiliates to recover or claw back incentive compensation from participants in accordance with any current or future company policies. Participants do not need to consent to such policies or amendments, and any recovery of compensation will not entitle participants to resign for "good reason" or claim constructive termination. The amendment is executed by Metropolitan Life Insurance Company and its authorized officers.
EX-10.24 9 5 exh10249_auxiliarymatchpla.htm EX-10.24 9 Document
Exhibit 10.24.9
AMENDMENT NUMBER 8 TO THE
METLIFE AUXILIARY MATCH PLAN
(Amended and Restated, Effective January 1, 2008)
The MetLife Auxiliary Match Plan (the “Plan”) is hereby amended, effective as of December 1, 2023, as follows:
Section 4.15 shall be added with the following language:
4.15 Dodd-Frank Recoupment/Clawback: Notwithstanding anything contained herein to the contrary, a Participant’s Plan benefit shall be and remain subject to any incentive compensation clawback or recoupment policy currently in effect or as may be adopted by MetLife, Inc. or any of its Affiliates and, in each case, as may be amended from time to time. No such policy adoption or amendment shall in any event require the prior consent from a Participant. No recovery of compensation under such a clawback or recoupment policy will be an event giving rise to a right to resign for “good reason” or “constructive termination” (or similar term) under any agreement with MetLife, Inc. or any of its Affiliates.
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed in its name and behalf this _20th___ day of __November______, 2023, by its officer thereunto duly authorized.
Metropolitan Life Insurance Company
By: ___/s/ Andrew J. Bernstein_____________________________
Andrew J. Bernstein, Plan Administrator
ATTEST: ___/s/ Danielle Hodorowski___________________________________
