Amendment to Fannie Mae Supplemental Pension Plan of 2003 for 2012 Executive Compensation Program

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, approved by Fannie Mae's Board of Directors, updates the Fannie Mae Supplemental Pension Plan of 2003 to include the Deferred Salary component of the 2012 Executive Compensation Program within references to the Fannie Mae Deferred Pay Plan. The change ensures that deferred salary under the 2012 program is treated the same as other deferred pay for pension plan purposes. The amendment is made pursuant to the authority granted in the plan's Section 5.5.

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EX-10.2 2 spp03may2012amendmentex102.htm EXHIBIT 10.2 SPP 03 May 2012 Amendment Ex 10.2
Exhibit 10.2




AMENDMENT TO FANNIE MAE
SUPPLEMENTAL PENSION PLAN OF 2003

Amendment for 2012 Executive Compensation Program


Pursuant to Section 5.5 of the Fannie Mae Supplemental Pension Plan of 2003 (the “Plan”), and as approved by the Board of Directors of Fannie Mae on May 18, 2012, the Plan is hereby amended as follows as follows:

1.    Section 2.14 of the Plan is amended to add the following new paragraph at the end thereof:

“References in the Plan to the Fannie Mae Deferred Pay Plan, and deferred pay under the Fannie Mae Deferred Pay Plan, shall include the Deferred Salary component of the 2012 Executive Compensation Program.”