RESTRICTIVE COVENANT AND CONFIDENTIALITY AGREEMENTRestrictive Covenant and Confidentiality Agreement • September 30th, 2013 • Federal Home Loan Mortgage Corp • Federal & federally-sponsored credit agencies • Virginia
In exchange for the mutual promises and consideration set forth below, this Restrictive Covenant and Confidentiality Agreement (“Agreement”) is entered into by and between the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “Company”) and James Mackey (“Executive” or “you”), effective on the date the Executive assigns a personal signature to page 5 of this Agreement.
Date To September 24, 2013 James Mackey From Donald H. Layton Subject Your Compensation as Executive Vice President and Chief Financial OfficerFederal Home Loan Mortgage Corp • September 30th, 2013 • Federal & federally-sponsored credit agencies
On behalf of Freddie Mac’s Board of Directors (the “Board”), this memorandum sets forth Freddie Mac’s agreement to employ you as its Executive Vice President and Chief Financial Officer, effective no later than December 2, 2013, pursuant to the terms and conditions set forth herein. The terms and conditions set forth herein have been approved by the Board and the Federal Housing Finance Agency (“FHFA”) and supersede any previous communications you may have had with Freddie Mac, FHFA, or the United States Department of Treasury (“Treasury”).
