Amendment Number Fifteen to the MetLife Leadership Deferred Compensation Plan

Summary

This amendment updates the MetLife Leadership Deferred Compensation Plan, effective April 1, 2024. It allows actively employed 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 participants must begin receiving payments no later than 10 years after the originally scheduled date. The amendment is signed by the plan administrator and a witness.

EX-10.22 16 5 exh102216_amendmentnumberf.htm EX-10.22 16 Document

Exhibit 10.22.16

AMENDMENT NUMBER FIFTEEN TO THE

METLIFE LEADERSHIP DEFERRED COMPENSATION PLAN

(As amended and restated effective with respect to salary and Cash Incentive Compensation January 1, 2005 and with respect to Stock Compensation, April 15, 2005)

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

Section 4.11 shall be added with the following language:

4.11 Redeferrals: Subject to Article 10, an actively employed Participant may change the time and/or form of payment of his/her Deferred Compensation Accounts after the initial time and form of payment are established in accordance with this Article 4 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 Participant must commence receipt of his/her Deferred Compensation Accounts no later than 10 years following his/her originally scheduled payment date.

IN WITNESS WHEREOF, this Amendment Number Fifteen to the MetLife Leadership Deferred Compensation Plan is hereby adopted and approved.

By:_______/s/ Andrew J. Bernstein_________________________________

PLAN ADMINISTRATOR

Date: ______May 17, 2024____________

Witness__________/s/ Danielle Hodorowski_______________