MetLife, Inc. Restricted Unit Agreement (Three-Year Cliff Vesting)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement is between MetLife, Inc. (through its Global Affiliate) and an employee, granting the employee a specified number of restricted units under the MetLife, Inc. 2015 Stock and Incentive Compensation Plan. The units are subject to a three-year restriction period, after which they become payable in cash based on the closing price at the end of the period. The agreement outlines conditions for forfeiture and payment timing, and acceptance is confirmed electronically by the employee.

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EX-10.100 20 met-20151231xex10100.htm EX-10.100 Exhibit


Exhibit 10.100
RESTRICTED UNIT AGREEMENT
(Three-Year “Cliff” Period of Restriction; No Code 162(m) Goals)
[Global Affiliate] (the “Global Affiliate”) confirms that, on [grant date] (the “Grant Date”), you [name] were granted [number] Restricted Units. Your Restricted Units are subject to the terms and conditions of the MetLife, Inc. 2015 Stock and Incentive Compensation Plan (the “Plan”) and this Restricted Unit Agreement (this “Agreement”), which includes the Award Agreement Supplement (the “Supplement”). Please note that the Supplement includes terms for forfeiture of your Restricted Units under some circumstances. Any payment due under this Agreement may be made by any one or more Affiliates (the “Paying Affiliate”).
Standard Terms.
(a) These terms are the “Standard Terms” and will apply to your Restricted Units except in so far as Sections S-2 (“Change of Status”), S-3 (“Change of Control”), or S-16 (“Restrictive Covenants”) apply.
(b) The Period of Restriction for your Restricted Units will begin on the Grant Date and end on the third anniversary of the Grant Date. Each of your Restricted Units will be due and payable in cash equal to the Closing Price on the last day of the Period of Restriction. Your Restricted Units will be due and payable at the time specified in Section S-8 (“Timing of Payment”).
IN WITNESS WHEREOF, the Global Affiliate has caused this agreement to be offered to you, and you have accepted this Agreement by the electronic means made available to you.