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Exhibit 10.59
AMENDMENT NUMBER TWO TO THE
METLIFE AUXILIARY PENSION PLAN
(As amended and restated effective January 1, 2008)
The MetLife Auxiliary Pension Plan is
hereby amended, except as expressly
provided in any provision below, effective December 31, 2008, as
follows:
1. Part I, Article 2, Section 2.2 (c) of the Plan is hereby amended
effective
January 1, 2008, to read as follows:
"(c) is listed on Appendix A attached hereto and updated from time
to time by
the Plan Administrator."
2. Part I Article 4, Section 4.3 of the Plan is hereby amended by
adding a new
subsection (c) to read as follows:
"(c) A Commissioned Employee who becomes a Participant in this Plan
after
attaining both age 60 and Benefit
Eligibility will have benefits
distributed to him/her as soon as
administratively practicable after the
October 1st of the year following the
fifth anniversary of the date on
which he/she commenced participation in
this Plan."
The remaining paragraphs in Section 4.3 of the plan shall be
re-designated
accordingly.
3. Part I, Article 4, Section 4.7, the first paragraph of the
Section, preceding
subsection (a) is hereby amended as follows:
"Except as described in (a) through (e) immediately below,
Grandfathered
Benefits shall be payable in the same form(s) and at the same times
as benefits
are payable under the Retirement Plan. The specific provisions that
govern
payment and calculation of Grandfathered benefits can be found in
Part II of
this Plan."
4. Part I, Article 4A, Section 4A.3, the second paragraph is hereby
amended to
read as follows:
"A form requesting that Grandfathered Benefits under this Plan be
paid in the
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