February 22, 2013 Christopher Townsend President Dear Chris: MetLife Continues to Make Progress Toward Achieving Its Long-Term Goals and Objectives and Transforming the Company Into a World Class Global Insurance and Employee Benefits Powerhouse. We Recognize and Appreciate That You Have Relocated to Hong Kong in Connection With Your Role as Head of Our Asia Region. As a Result, MetLife Asia Pacific Limited (MAPL), Your Current Hong Kong Employer, Is Willing to Provide You With a Housing Allowance (The Housing Allowance) on the Terms Described in This Letter. (May 7th, 2013)
We also recognize that you engage in extensive travel to advance MetLifes business interests, and that business travel is a necessary part of your role, and that your business travel may result in individual income tax liability in a variety of jurisdictions. As a result, MAPL is willing to provide you with a tax equalization arrangement as described in this letter (the Tax Arrangement), retroactively effective as of January 1, 2013 (the Effective Date).
May 7, 2012 Dear Chris: We Are Pleased to Offer You Employment With MetLife Asia Pacific Limited (MetLife or the Company) Subject to the Terms and Conditions Contained in This Letter, Which Forms Your Employment Contract With MetLife, and Such Other Terms and Conditions as MetLife May From Time to Time Implement. Please Be Advised That Our Offer of Employment Is Specifically Conditioned on Your Passing (As Applicable) a Background Investigation Which May Include, Among Other Things, a Review of Your Employment History and Personal and Professional References. Our Employment Offer Is Further Ex (May 16th, 2012)
This offer is conditioned on the approval of the Compensation Committee of the MetLife, Inc. Board of Directors (the Compensation Committee), and it specifically supersedes the prior letter you received from the Company dated April 28, 2012.