0001193125-13-199177 Sample Contracts

SLM Corporation 2012 Omnibus Incentive Plan Net-Settled Options - Stock Option Agreement
Stock Option Agreement • May 3rd, 2013 • SLM Corp • Personal credit institutions • Delaware
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SLM Corporation 2012 Omnibus Incentive Plan Independent Director Stock Option Agreement 2013
Director Stock Option Agreement • May 3rd, 2013 • SLM Corp • Personal credit institutions • Delaware

FOR GOOD AND VALUABLE CONSIDERATION, SLM Corporation (the “Corporation”) hereby grants to Optionee named below non-qualified stock options (the “Options”) to purchase any part or all of the number of shares of the Corporation’s common stock, par value $0.20 per share (the “Common Stock”), specified below, at the Exercise Price per share specified below and upon the terms and conditions set forth in this agreement (“Agreement”) and the SLM Corporation 2012 Omnibus Incentive Plan (the “Plan”), each as may be amended from time to time. In the event of any conflict between the provisions of this Agreement and the provisions of the Plan, the terms of the Plan shall control, except as expressly stated otherwise herein.

SLM Corporation 2012 Omnibus Incentive Plan Independent Director Restricted Stock Agreement 2013
Restricted Stock Agreement • May 3rd, 2013 • SLM Corp • Personal credit institutions

Pursuant to the terms and conditions of the SLM Corporation 2012 Omnibus Incentive Plan (the “Plan”), SLM Corporation (the “Corporation”) hereby grants to (the “Grantee”) shares of common stock of the Corporation, par value $0.20 (the “Restricted Stock”), on , 2013 (the “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.

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