Agreement for Reimbursement of Family Travel Expenses between MetLife, Inc. and Kishore Ponnavolu (April 23, 2019)
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Summary
MetLife, Inc. agreed to reimburse Kishore Ponnavolu, its President of Asia, for approximately $75,000 in family travel expenses incurred when he traveled to Japan on short notice for urgent business matters in December 2018. The agreement specifies that MetLife will not compensate Mr. Ponnavolu for any taxes related to this reimbursement. The arrangement is limited to this specific trip and expense.
EX-10.1 2 met-2019930xex101.htm EXHIBIT 10.1 Exhibit
Exhibit 10.1
Description of Agreement between Kishore Ponnavolu and MetLife, Inc. dated April 23, 2019
In December 2018, MetLife, Inc. asked Kishore Ponnavolu, its President, Asia, to travel from the U.S. to Japan on short notice to cover urgent business matters, including meetings with regulators. Mr. Ponnavolu’s family joined him in Asia for this period. On April 23, 2019 MetLife, Inc. agreed to reimburse Mr. Ponnavolu for his family travel expenses on this trip, at an incremental cost of approximately U.S. $75,000. MetLife, Inc. will not make Mr. Ponnavolu whole for any of his taxes on this item.
