Date To July 20, 2009 Charles E. Haldeman From Gene Shanks Subject Your Compensation as Chief Executive OfficerFederal Home Loan Mortgage Corp • July 21st, 2009 • Federal & federally-sponsored credit agencies
On behalf of the Compensation Committee (“Committee”) of Freddie Mac’s Board of Directors (“Board”), this memorandum sets forth Freddie Mac’s agreement to employ you as its Chief Executive Officer, effective on the date your employment commences, pursuant to the terms and conditions set forth herein. The terms and conditions set forth herein supersede any previous communications you may have had with Freddie Mac, the Federal Housing Finance Agency (“FHFA”), or the Department of the Treasury.
Recapture AgreementRecapture Agreement • July 21st, 2009 • Federal Home Loan Mortgage Corp • Federal & federally-sponsored credit agencies
Triggering Event The recapture will be triggered if, at any time during the executive’s employment with Freddie Mac (or, under certain circumstances after termination of the executive’s employment, as described below), the Board determines and notifies you in writing that any of the following (“Triggering Events”) occurred:
