SLM Corporation Directors Equity Plan Non-Employee Director Restricted Stock Agreement 2009Non-Employee Director Restricted Stock Agreement • November 5th, 2009 • SLM Corp • Personal credit institutions
Pursuant to the terms and conditions of the SLM Corporation Directors Equity Plan (“the Plan”), the Board of Directors of SLM Corporation (the “Corporation”) hereby grants to «Name» (the “Grantee”) ___ shares of common stock of the Corporation, par value $0.20, (“Restricted Stock”) on May ___, 2009 (“Grant Date”) subject to the terms and conditions below. All capitalized terms used herein that are not defined shall have the meanings as set forth in the Plan.
