Amendment Number 13 to the MetLife Auxiliary Retirement Plan (Effective April 1, 2024)

Summary

This amendment, effective April 1, 2024, modifies the MetLife Auxiliary Retirement Plan. It allows salaried participants to change the timing or form of their deferred compensation payments under certain conditions: the change must be made at least 12 months in advance, must defer payment by at least five years (except in cases of death, disability, or emergency), and must not take effect for 12 months. Participants must begin receiving benefits no later than 10 years after the originally scheduled payment date. The amendment is adopted by Metropolitan Life Insurance Company.

EX-10.17 17 3 exh101717_amendmentnumber1.htm EX-10.17 17 Document

Exhibit 10.17.17

AMENDMENT NUMBER 13 TO THE

METLIFE AUXILIARY RETIREMENT PLAN

(As amended and restated effective January 1, 2008)

The MetLife Auxiliary Retirement Plan (the “Plan”) is hereby amended, effective as of April 1, 2024, as follows:

Section 4.4(c) shall be amended by adding the following after the final paragraph:

With respect to 409A PRA/PLS Benefits that are 409A Benefits, a Salaried Participant may change the time and/or form of payment of deferred compensation after the initial time and form of payment are established if the subsequent election: (1) does not take effect for 12 months; (2) defers payment for at least another five years from the scheduled payment date (except in the case of a payment due to death, disability or unforeseeable emergency); and (3) is made at least 12 months prior to the scheduled payment date. A Salaried Participant must commence receipt of his/her Plan benefit no later than 10 years following his/her originally scheduled payment date.

IN WITNESS WHEREOF, the Company has caused this Amendment to be adopted in its name and behalf this ___17th___ day of ______May____________________, 2024, by its officer thereunto duly authorized.

METROPOLITAN LIFE INSURANCE COMPANY

By: ______/s/ Andrew J. Bernstein__________________

Andrew J. Bernstein, Plan Administrator

ATTEST: _____/s/ Danielle Hodorowski______________