AMENDED AND RESTATED INCENTIVE COMPENSATION AGREEMENT

EXHIBIT NO. 10.83

AMENDED AND RESTATED INCENTIVE COMPENSATION AGREEMENT

THIS AMENDED INCENTIVE COMPENSATION AGREEMENT (the “Agreement”) is made this 20th day of February, 2004, between The MONY Group Inc. (“MONY” or the “Company”) and Ernest P. Rogers (the “Executive”).

WHEREAS, MONY has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with AXA Financial, Inc., a Delaware corporation, under which a wholly owned subsidiary (the “Merger Sub”) of AXA Financial, Inc. is to be merged with and into MONY and each share of MONY’s common stock is to be converted into a right to receive $31 in cash (the “Merger”);

WHEREAS, the Executive is a party to a Third Amended and Restated Change in Control Agreement with MONY Life Insurance Company, a New York corporation and a wholly owned subsidiary of MONY, dated July 30, 2003 (the “CIC Agreement”);

WHEREAS, on September 17, 2003, the Compensation Committee of the MONY Board of Directors adopted, and the MONY Board of Directors has approved, resolutions (the “September 17 Resolutions”) approving the adjustment of certain incentive compensation arrangements applicable in 2003 for individuals covered by the CIC Agreements, including the Executive, in the event that the Merger is completed following December 31, 2003;

WHEREAS, to carry out the terms of the September 17 Resolutions, the Executive and MONY entered into a MONY Incentive Compensation Agreement dated as of 11th day of December, 2003 (the “Original Incentive Compensation Agreement”);

WHEREAS, the Executive has represented to MONY his intention to continue in the employ of MONY Life until the completion of the Merger; and

WHEREAS, the parties now wish to amend the Original Incentive Compensation Agreement;

NOW, THEREFORE, in consideration of their mutual covenants and representations herein, and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

The Executive was granted awards of restricted stock with respect to 10,000 shares of MONY common stock pursuant to a Restricted Stock Award Agreement dated May 23, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and

the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.

The Executive has been granted an award with respect to 1,500 units (the “LTPP Units”) under MONY’s Long Term Performance Plan (the “LTPP”) for the 2001-2003 plan cycle. The Executive hereby waives the right to any payment of the LTPP Units under the terms of the LTPP, provided, however, that, if the Merger does not close before March 2004, the Company, in its sole discretion, may pay any earned amounts in respect of the LTPP Units. In lieu of such payment, subject to Section 4 hereof, the Executive shall receive a cash payment of $150,000.00 (less applicable tax withholdings) upon the Effective Time. In the event that, pursuant to the proviso in the second sentence of this paragraph 2, MONY elects, in its sole discretion, to make any payment in respect of the LTPP Units prior to the Effective Time, the amount of such cash payment upon the Effective Time shall be correspondingly reduced.

The Executive has a target bonus opportunity equal to 50% of base salary under MONY’s Annual Incentive Compensation Plan (the “AICP”) for the 2003 bonus year. The Executive hereby waives the right to any payment for 2003 under the terms of the AICP. In lieu of such payment, subject to Section 4 hereof, the Executive shall receive a cash payment of $150,000.00 (less applicable tax withholdings) upon the Effective Time, provided, however, that, if the Merger does not close before March 2004, the Company, in its sole discretion, may pay any earned amounts under the AICP for the 2003 bonus year. In the event that, pursuant to the proviso in the second sentence of this paragraph 3, MONY elects, in its sole discretion, to make any payment in respect of the AICP for the 2003 bonus year prior to the Effective Time, the amount of such cash payment upon the Effective Time shall be correspondingly reduced.

The payment and benefits provided to the Executive under this Agreement shall be effective only upon the satisfaction of the following conditions:

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All amounts that become payable to the Executive pursuant to this Agreement shall be paid by wire transfer of immediately available funds to an account designated by the Executive to MONY within five business days following the Effective Time. All payments shall be subject to applicable tax withholdings.

This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.

This Agreement shall be construed, interpreted and enforced in accordance with the laws of the State of New York, without giving effect to the choice of law principles thereof.

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of February 23, 2004.

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