{"id":38375,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/2000-directors-stock-plan-metlife-inc.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"2000-directors-stock-plan-metlife-inc","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/2000-directors-stock-plan-metlife-inc.html","title":{"rendered":"2000 Directors Stock Plan &#8211; MetLife Inc."},"content":{"rendered":"<pre>\n                                  METLIFE, INC.\n                            2000 DIRECTORS STOCK PLAN\n\n\n                                   ARTICLE I.\n                                     PURPOSE\n\n                  The purpose of the 'METLIFE, INC. 2000 DIRECTORS STOCK PLAN'\n(the 'Plan') is to enable the Company to attract, retain and motivate the best\nqualified non-employee directors and to enhance a long-term mutuality of\ninterests between the non-employee directors and stockholders of the Company by\ngranting stock and stock options as provided herein.\n\n\n                                   ARTICLE II.\n                                   DEFINITIONS\n\n                  2.1 Definitions. Whenever used herein, the following terms\nshall have the respective meanings set forth below:\n\n                  (a)  'Award' means any Option or Share Award.\n\n                  (b) 'Board' means the Board of Directors of the Company.\n\n                  (c) 'Cash Fees' means the amount of any fees that would,\n         absent an election to receive an Elective Share Award pursuant to the\n         terms of the Plan, be payable by the Company in cash to a Participant\n         for any services to be performed by the Participant.\n\n                  (d) 'Code' means the Internal Revenue Code of 1986, as\namended.\n\n                  (e) 'Committee' means the Nominating and Corporate Governance\n         Committee of the Board or such other committee of the Board as the\n         Board shall designate from time to time, which committee shall consist\n         of at least two members, each of whom shall qualify as a Non-Employee\n         Director within the meaning of Rule 16b-3 (or any successor rule\n         thereto), as promulgated under the Securities Exchange Act of 1934, as\n         amended.\n\n\n\n\n\n\n                  (f) 'Common Stock' means the common stock of the Company, par\n         value $0.01 per share.\n\n                  (g) 'Company' means MetLife, Inc., a Delaware corporation, and\n         any successor thereto.\n\n                  (h) 'Deferred Share' means a contractual right to receive one\n         Share on a deferred basis in accordance with the terms of the Plan.\n\n                  (i) 'Elective Share Award' means any award of Shares made by\n         reason of the election of a Participant to receive Shares in lieu of\n         Cash Fees; provided that in no event shall any Elective Share Awards be\n         issued prior to the second anniversary of the Initial Public Offering.\n\n                  (j) 'Fair Market Value' means, on any date, the closing price\n         of a Share as reported in the principal consolidated transaction\n         reporting system for the New York Stock Exchange (or on such other\n         recognized quotation system on which the trading prices of the Common\n         Stock are quoted at the relevant time on such date). In the event that\n         there are no Common Stock transactions reported on such tape (or other\n         system) on such date, Fair Market Value means the closing price on the\n         immediately preceding date on which Common Stock transactions were so\n         reported.\n\n                  (k) 'Family Member' means, as to a Participant, any (i) child,\n         stepchild, grandchild, parent, stepparent, grandparent, spouse,\n         sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law,\n         brother-in-law, or sister-in-law (including adoptive relationships), of\n         such Participant, (ii) trust for the exclusive benefit of such persons\n         and (iii) other entity owned solely by such persons.\n\n                  (l) 'Fee Share Award' means any award of Shares made at the\n         direction of the Committee in lieu of Cash Fees.\n\n                  (m) 'Initial Public Offering' means the first day as of which\n         sales of Common Stock are made to the public pursuant to the first\n         underwritten public offering of the Common Stock.\n\n                  (n) 'Option' means the right to purchase one Share at a stated\n         purchase price on the terms specified in Article V of the Plan. The\n         Options are nonstatutory stock options not intended to qualify under\n         Section 422 of the Code.\n\n                  (o) 'Participant' means a member of the Board who is not an\n         officer or employee of the Company or any entity controlling,\n         controlled by, or under \n\n                                       2\n\n         common control with the Company, and is not the beneficial owner of a\n         controlling interest in the voting stock of the Company or of any\n         entity that holds a controlling interest in the Company's voting stock.\n\n                  (p) 'Plan' means the MetLife, Inc. 2000 Directors Stock Plan,\n         as set forth herein and as amended from time to time.\n\n                  (q) 'Share' means a share of Common Stock.\n\n                  (r) 'Share Award' means any Elective Share Award or Fee Share\nAward.\n\n                  (s) 'Stock Account' means a memorandum account established to\n         record the deferral of certain compensation otherwise payable to a\n         Participant which shall be deemed invested in Deferred Shares.\n\n                  (t) 'Stock Incentive Plan' means the MetLife, Inc. 2000 Stock\n         Incentive Plan, as the same may be amended from time to time.\n\n                  2.2 Gender and Number. Except when otherwise indicated by the\ncontext, words in the masculine gender used in the Plan shall include the\nfeminine gender, the singular shall include the plural, and the plural shall\ninclude the singular.\n\n\n                                  ARTICLE III.\n                                 ADMINISTRATION\n\n                  3.1 Rules, Interpretation and Determinations. The Plan shall\nbe administered by the Committee. The Committee shall have full authority to\ninterpret and administer the Plan, to establish, amend and rescind rules for\ncarrying out the Plan, to construe the respective option agreements and to make\nall other determinations and to take all other actions that it deems necessary\nor advisable for administering the Plan. Each determination, interpretation or\nother action made or taken by the Committee shall be final and binding for all\npurposes and upon all persons.\n\n                  3.2 Agents and Expenses. The Committee may appoint agents (who\nmay be officers or employees of the Company) to assist in the administration of\nthe Plan and may grant authority to such persons to execute agreements or other\ndocuments on its behalf. The Committee may employ such legal counsel,\nconsultants and agents as it may deem desirable for the administration of the\nPlan and may rely upon any opinion received from any such counsel or consultant\nand any computation received from any such consultant or agent. All expenses\nincurred in the administration of the Plan, including, \n\n                                       3\n\nwithout limitation, for the engagement of any counsel, consultant or agent,\nshall be paid by the Company.\n\n\n                                   ARTICLE IV.\n                     SHARES; ADJUSTMENT UPON CERTAIN EVENTS\n\n                  4.1 Source of Shares. Shares to be issued under the Plan may\nconsist, in whole or in part, of treasury shares or authorized but unissued\nShares not reserved for any other purpose.\n\n                  4.2 Number of Share Awards. Subject to the provisions of\nSection 4.5 hereof, the aggregate number of Shares that may be issued under the\nPlan as Share Awards under Article VI shall not exceed 500,000 Shares.\n\n                  4.3 Number of Options. Subject to the provisions of Section\n4.5 hereof, the aggregate number of Shares issuable under the Plan pursuant to\nOptions shall not exceed 0.05% of the total number of Shares outstanding\nimmediately after the Initial Public Offering. In addition, Shares issuable\npursuant to Options granted under the Plan shall reduce the number of Shares\nissuable under the Stock Incentive Plan.\n\n                  4.4 Canceled, Terminated, or Forfeited Options. In the event\nOptions are for any reason canceled, terminated or otherwise settled without the\nissuance of any Common Stock (including, but not limited to, shares tendered to\nexercise outstanding Options or shares tendered or withheld for taxes), the\nShares subject to such Options shall again be available for the granting of\nOptions under the Plan and the Stock Incentive Plan.\n\n                  4.5 Adjustment in Capitalization. In the event of any Share\ndividend or Share split, recapitalization, merger, consolidation, combination,\nspin-off, distribution of assets to stockholders (other than ordinary cash\ndividends), exchange of shares, or other similar corporate change, the aggregate\nnumber of Shares available for Awards pursuant to either Section 4.2 or Section\n4.3, distributable in respect of Deferred Shares or subject to outstanding\nOptions, and the respective exercise prices applicable to outstanding Options\nshall be appropriately adjusted by the Committee and the Committee's\ndetermination shall be conclusive; provided that any fractional shares resulting\nfrom any such adjustment shall be disregarded.\n\n\n                                       4\n\n\n                                   ARTICLE V.\n                           AWARDS AND TERMS OF OPTIONS\n\n                  5.1 Grant. The Committee shall, subject to the approval of the\nBoard, determine the Participants to whom Options shall be granted and, subject\nto Section 5.2, the terms and conditions of any and all Options granted to\nParticipants. In making such determination, the Committee shall give due\nconsideration to such factors as it deems appropriate, including, but not\nlimited to, the performance of the Company. Any Options granted hereunder prior\nto the fifth anniversary of the Initial Public Offering shall be granted in\nsubstitution for a portion of the fees that would otherwise have been payable in\ncash to the Participant for services as a director and not subject to a Share\nAward, in such manner and on such basis as the Committee shall reasonably\ndetermine (including, without limitation, by application of the Black-Scholes\noption valuation methodology). Notwithstanding any other contrary provision in\nthe Plan, no Options shall be granted prior to the first anniversary of the\nInitial Public Offering.\n\n                  5.2 Option Agreement. Options shall be evidenced by a written\noption agreement embodying the following terms:\n\n                  (a) Exercise Price. The exercise price per Share of an Option\n         shall be not less than the Fair Market Value on the date such Option is\n         granted.\n\n                  (b) Period of Exercisability. Each Option granted hereunder\n         shall be immediately exercisable; provided that, in no event shall any\n         Option be or become exercisable hereunder prior to the second\n         anniversary of the Initial Public Offering and, if and to the extent\n         this proviso limits the exercisability of any Option, the portion so\n         limited shall become exercisable on such second anniversary. Each\n         Option shall, if not previously exercised in accordance with the terms\n         of the Plan, in all events expire upon the tenth (10th) anniversary of\n         the date of the grant thereof. If a Participant shall cease to provide\n         services to the Company, such Participant or, in the case of death, the\n         Participant's estate or beneficiary, may exercise any Option held by\n         the Participant at the date his or her service terminates until the\n         earlier of (A) three (3) years from the date the Participant ceased to\n         provide services to the Company and (B) the tenth (10th) anniversary of\n         the date the Option was granted; provided, however, that if the\n         Participant's service as a member of the Board terminates prior to the\n         second anniversary of the Initial Public Offering, the Option may not\n         be exercised prior to such second anniversary.\n\n                  (c) Procedure for Exercise. A Participant electing to exercise\n         one or more Options shall give written notice to the Secretary of the\n         Company of such election and of the number of Shares he has elected to\n         purchase. No shares shall be\n\n\n\n\n\n                                       5\n\n         delivered pursuant to any exercise of an Option unless arrangements\n         satisfactory to the Committee have been made to assure full payment of\n         the option price therefor. Without limiting the generality of the\n         foregoing, payment of the option price may be made (i) in cash or its\n         equivalent, (ii) by exchanging shares of Common Stock owned by the\n         optionee (which are not the subject of any pledge or other security\n         interest), (iii) through an arrangement with a broker approved by the\n         Company whereby payment of the exercise price is accomplished with the\n         proceeds of the sale of Common Stock or (iv) by any combination of the\n         foregoing; provided that the combined value of all cash and cash\n         equivalents paid and the Fair Market Value of any such Common Stock so\n         tendered to the Company, valued as of the date of such tender, is at\n         least equal to such option price. The Company may not make a loan to a\n         Participant to facilitate such Participant's exercise of any of his or\n         her Options.\n\n\n                                   ARTICLE VI.\n                                  SHARE AWARDS\n\n                  6.1 Fee Share Awards. Commencing with respect to fees payable\nfor services rendered after the first anniversary of the Initial Public\nOffering, the Committee may require that up to one-half of the Cash Fees\notherwise payable to a Participant be payable in Shares, issuable as of the\nfirst day of the calendar quarter (or, with respect to the first Fee Share\nAward, the first day of the first calendar month after the twelve month\nanniversary of the Initial Public Offering) with respect to which the Cash Fees\nwould otherwise have been payable to the Participant in cash (the 'Date of\nIssuance'). Not withstanding the foregoing, if the Date of Issuance determined\nin the preceding sentence is not a business day, the grant of Shares shall be\nmade on the next following business day. The number of Shares to be issued as a\nFee Share Award as of each Date of Issuance shall equal the greatest number of\nwhole Shares derived from the quotient of (i) the dollar amount of the Cash Fees\nthe Committee has determined to pay in Shares and (ii) the Fair Market Value on\nthe Date of Issuance. If, after the application of the preceding formula as of\nany Date of Issuance, there is a cash remainder, the Company shall pay the\nParticipant the amount of such cash remainder as soon as practicable following\nsuch Date of Issuance. In no event shall any Shares acquired pursuant to any Fee\nShare Award be sold by a Participant prior to the second anniversary of the\nInitial Public Offering.\n\n                  6.2 Elective Share Awards. Commencing with respect to Cash\nFees payable for services rendered after the second anniversary of the Initial\nPublic Offering, a Participant may elect to have any portion of the fees that\nwould otherwise have been payable to the Participant in cash for services as a\ndirector (less any amounts paid as Fee Share Awards or, until the fifth\nanniversary of the Initial Public Offering, granted as Options) paid in Shares.\nThe Date of Issuance in respect of any Cash Fees which are part \n\n                                       6\n\nof the Participant's annual retainer fees shall be the first day of the calendar\nquarter with respect to which the related Cash Fees would otherwise have been\npayable to the Participant, and in respect of any other Cash Fees, as of the\nfirst day of the calendar quarter following the quarter with respect to which\nsuch Cash Fees would otherwise have been payable to the Participant.\nNotwithstanding the foregoing, if the Date of Issuance determined in the\npreceding sentence is not a business day, the grant of Shares shall be made on\nthe next following business day. The number of Shares to be issued as an\nElective Share Award as of each Date of Issuance shall equal the greatest number\nof whole Shares derived from the quotient of (i) the dollar amount of the Cash\nFees elected to be paid in Shares at such Date of Issuance in accordance with\nthe second preceding sentence and (ii) the Fair Market Value on the Date of\nIssuance. If, after the application of the preceding formula as of any Date of\nIssuance, there is a cash remainder, the Company shall pay the Participant the\namount of such cash remainder as soon as practicable following such Date of\nIssuance.\n\n\n                                  ARTICLE VII.\n                             RECEIPT OF SHARE AWARDS\n\n                  7.1 Election. A Participant may elect to defer receipt of all\nor any part of the Shares issuable to the Participant in respect of any Share\nAward. Any such election shall be made (i) as to which the Date of Issuance is\nin the same calendar year in which the Plan becomes effective, within thirty\ndays of the date this Plan is adopted and (ii) with respect to any other Fee\nShare Award or Elective Share Award, by December 31 of the calendar year prior\nto the year in which the Date of Issuance would otherwise occur. Notwithstanding\nthe immediately preceding sentence, any person who becomes a Participant after\nthe adoption of the Plan may elect, not later than the end of the calendar month\nin which the Participant becomes a member of the Board, to defer delivery of all\nor any part of the Shares deliverable in respect of any Share Award to be made\nfollowing such election.\n\n                  7.2 Form and Duration of Election. An election to defer\nreceipt shall be made by written notice filed with the Secretary of the Company.\nSuch election shall continue in effect (including with respect to Share Awards\nfor subsequent calendar years) unless and until the Participant revokes or\nmodifies such election by written notice filed with the Secretary of the\nCompany. Any such revocation or modification of a deferral election shall become\neffective as of the end of the calendar year in which such notice is given and\nonly with respect to Share Awards to be made in subsequent calendar years.\nAmounts credited to the Participant's Stock Account prior to the effective date\nof any such revocation or modification of a deferral election shall not be\naffected by such revocation or modification and shall be distributed only in\naccordance with the otherwise applicable terms of the Plan. A Participant who\nhas revoked an election to participate in \n\n                                       7\n\nthe Plan may file a new election to defer Share Awards with respect to Shares to\nbe granted in the calendar year following the year in which such election is\nfiled.\n\n                  7.3 Stock Account. Any Share Award as to which a Participant\nhas elected to defer delivery of the Shares shall be credited to the\nParticipant's Stock Account and shall be deemed to be invested in a number of\nDeferred Shares equal to the number of Shares that would otherwise have been\ndelivered to the Participant. Whenever a dividend other than a dividend payable\nin the form of Shares is declared with respect to the Shares, the number of\nDeferred Shares in the Participant's Stock Account shall be increased by the\nnumber of Deferred Shares determined by dividing (i) the product of (A) the\nnumber of Deferred Shares in the Participant's Stock Account on the related\ndividend record date and (B) the amount of any cash dividend declared by the\nCompany on a Share (or, in the case of any dividend distributable in property\nother than Shares, the per share value of such dividend, as determined by the\nCompany for purposes of income tax reporting) by (ii) the Fair Market Value on\nthe related dividend payment date. In the case of any dividend declared on\nShares which is payable in Shares, the Participant's Stock Account shall be\nincreased by the number of Deferred Shares equal to the product of (i) the\nnumber of Deferred Shares credited to the Participant's Stock Account on the\nrelated dividend record date and (ii) the number of Shares (including any\nfraction thereof) distributable as a dividend on a Share. In the event of any\nchange in the number or kind of outstanding Shares by reason of any\nrecapitalization, reorganization, merger, consolidation, stock split or any\nsimilar change affecting the Shares, other than a stock dividend as provided\nabove, the Committee shall make an appropriate adjustment in the number of\nDeferred Shares credited to the Participant's Stock Account.\n\n                  7.4 Distribution from Accounts Upon Termination of Service as\na Director. All distributions from the Participant's Stock Account shall be made\nin Shares. At the time a Participant makes a deferral election pursuant to\nSection 7.1, the Participant shall also file with the Secretary of the Company a\nwritten election with respect to whether such distribution (i) shall commence\nimmediately following the date the Participant ceases to be a Participant or on\nthe first business day of any calendar year following the calendar year in which\nthe Participant ceases to be a Participant and (ii) shall be in one lump-sum or\nin such number of annual installments (not to exceed ten) as the Participant may\ndesignate. If installments are elected, the number of Shares distributable with\nrespect to each installment shall be equal to the number of Deferred Shares then\ncredited to the Stock Account times a fraction, the numerator of which is one\n(1) and the denominator of which is the number of installments (including the\ncurrent installment) remaining to be paid. A Participant may at any time, and\nfrom time to time, change any distribution election applicable to the\nParticipant's Stock Account; provided that no election to change the timing of\nany such distribution shall be effective unless it is made in writing and\nreceived by the Secretary of the Company at least one full calendar year prior\nto the time at which the Participant ceases to provide services to the Company.\n\n                                       8\n\nIf a Participant fails to specify a commencement date for a distribution in\naccordance with this Section 7.4, such distribution shall commence on the first\nbusiness day of the calendar year immediately following the year in which the\nParticipant ceases to be a Participant. If a Participant fails to specify\nwhether distribution shall be made in a lump-sum or in a number of installments,\nsuch distribution shall be made in a lump-sum. In the case of any distribution\nbeing made in annual installments, each installment after the first installment\nshall be paid on the first business day of each subsequent calendar year until\nthe entire amount subject to such installments shall have been paid.\n\n\n                                  ARTICLE VIII.\n                            TRANSFERABILITY OF AWARDS\n\n         No Award shall be transferable by the Participant otherwise than by\nwill or under the applicable laws of descent and distribution; provided that the\nCommittee may, in the Option agreement or otherwise, permit transfers of Options\nby gift or a domestic relations order to Family Members. In addition, no Award\nshall be assigned, negotiated, pledged or hypothecated in any way (whether by\noperation of law or otherwise), and no Award shall be subject to execution,\nattachment or similar process. Upon any attempt to transfer, assign, negotiate,\npledge or hypothecate any Award, or in the event of any levy upon any Award by\nreason of any attachment or similar process contrary to the provisions hereof,\nsuch Award shall immediately become null and void.\n\n\n                                   ARTICLE IX.\n                     TERMINATION, MODIFICATION AND AMENDMENT\n\n         The Board at any time may terminate the Plan, and from time to time may\namend or modify the Plan; provided, however, that any amendment which would (i)\nincrease the number of shares available for issuance under the Plan, (ii) lower\nthe minimum exercise price at which an Option may be granted or (iii) extend the\nmaximum term for Options granted hereunder shall be subject to the approval of\nthe Company's shareholders and no amendment made prior to the fifth anniversary\nof the Initial Public Offering shall be or become effective without the consent\nof the New York Superintendent of Insurance. No amendment, modification, or\ntermination of the Plan shall in any manner adversely affect any Option\ntheretofore granted under the Plan, without the consent of the Participant.\n\n\n\n\n\n                                       9\n\n                                   ARTICLE X.\n                               GENERAL PROVISIONS\n\n                  10.1 No Right to Remain as a Director. The Plan shall not\nimpose any obligations on the Company to retain any Participant as a director\nnor shall it impose any obligation on the part of any Participant to remain in\nservice to the Company.\n\n                  10.2 Investment Representation; Registration. If the Committee\ndetermines that the law so requires, the holder of an Option granted hereunder\nor the recipient of Shares in respect of any Share Award shall execute and\ndeliver to the Company a written statement, in form satisfactory to the Company,\nrepresenting and warranting that he is purchasing or accepting the Shares then\nacquired for his own account and not with a view to the resale or distribution\nthereof, that any subsequent offer for sale or sale of any such Shares shall be\nmade either pursuant to (i) a registration statement on an appropriate form\nunder the Securities Act of 1933, as amended, which Registration Statement shall\nhave become effective and shall be current with respect to the Shares being\noffered and sold, or (ii) a specific exemption from the registration\nrequirements of the Securities Act, and that in claiming such exemption the\nholder will, prior to any offer for sale or sale of such Shares, obtain a\nfavorable written opinion from counsel approved by the Company as to the\navailability of such exemption. If at any time the Board shall determine in its\ndiscretion that the listing, registration or qualification of the Shares covered\nby the Plan upon any national securities exchange or under any state or federal\nlaw, or the consent or approval of any governmental regulatory body, is\nnecessary or desirable as a condition of, or in connection with, the sale of\nShares under the Plan, no Shares will be delivered unless and until such\nlisting, registration, qualification, consent or approval shall have been\neffected or obtained, or otherwise provided for, free of any conditions not\nacceptable to the Company.\n\n                  10.3 No Right to Specific Assets. Nothing contained in the\nPlan and no action taken pursuant to the Plan (including, without limitation,\nthe grant of any Award hereunder) shall create or be construed to create a trust\nof any kind or any fiduciary relationship between the Company and any\nParticipant, the executor, administrator or other personal representative or\ndesignated beneficiary of such Participant, or any other persons. To the extent\nthat any Participant or his executor, administrator, or other personal\nrepresentative, as the case may be, acquires a right to receive any payment from\nthe Company pursuant to the Plan, such right shall be no greater than the right\nof an unsecured general creditor of the Company.\n\n\n\n\n\n                                       10\n\n                  10.4 Rights as a Stockholder. A Participant shall have no\nrights as a stockholder with respect to any Shares covered by his Option or\nrelated to Deferred Shares until he shall have become the holder of record of\nsuch Shares.\n\n                  10.5 Headings and Captions. The headings and captions herein\nare provided for reference and convenience only, shall not be considered part of\nthe Plan, and shall not be employed in the construction of the Plan.\n\n                  10.6 Controlling Law. The Plan shall be construed and enforced\naccording to the laws of the State of Delaware without regard to conflict of\nlaws.\n\n                  10.7 Indemnification. Each person who is or shall have been a\nmember of the Committee or of the Board shall be indemnified and held harmless\nby the Company against and from any loss, cost, liability, or expense that may\nbe imposed upon or reasonably incurred by him in connection with or resulting\nfrom any claim, action, suit, or proceeding to which he may be made a party or\nin which he may be involved by reason of any action taken or failure to act\nunder the Plan (in the absence of bad faith) and against and from any and all\namounts paid by him in settlement thereof, with the Company's approval, or paid\nby him in satisfaction of any judgment in any such action, suit, or proceeding\nagainst him; provided that he shall give the Company an opportunity, at its own\nexpense, to handle and defend the same before he undertakes to handle and defend\nit on his own behalf. The foregoing right of indemnification shall not be\nexclusive and shall be independent of any other rights of indemnification to\nwhich such person may be entitled under the Company's Certificate of\nIncorporation or By-Laws, by contract, as a matter of law, or otherwise.\n\n                  10.8 Term of Plan. The Plan shall be effective upon its\nadoption by the Board and approval by Metropolitan Life Insurance Company, the\nsole shareholder of the Company and by the New York Superintendent of Insurance.\nThe Plan shall continue in effect, unless sooner terminated pursuant to Article\nIX, until no more shares are available for issuance under the Plan.\n\n\n\n                                       11\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8205],"corporate_contracts_industries":[9445],"corporate_contracts_types":[9539,9543],"class_list":["post-38375","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-metlife-inc","corporate_contracts_industries-insurance__life","corporate_contracts_types-compensation","corporate_contracts_types-compensation__dsp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38375"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38375"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38375"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}