INDEMNIFICATION AGREEMENTIndemnification Agreement • March 23rd, 2011 • Federal Home Loan Bank of San Francisco • Federal & federally-sponsored credit agencies • California
THIS INDEMNIFICATION AGREEMENT made and entered into as of this ___ day of _____________, 2011 (“Agreement”), by and between the FEDERAL HOME LOAN BANK OF SAN FRANCISCO, a body corporate existing by and under the laws of the United States (“Bank”), and OFFICER (“the Officer”),
FEDERAL HOME LOAN BANK OF SAN FRANCISCO DEFERRED COMPENSATION PLAN (Successor Plan to the Original Federal Home Loan Bank of San Francisco Deferred Compensation Plan) Amended and Restated Effective January 1, 2009Federal Home Loan Bank of San Francisco • March 23rd, 2011 • Federal & federally-sponsored credit agencies
Federal Home Loan Bank of San Francisco, incorporated under the laws of the United States, first established this Federal Home Loan Bank of San Francisco Deferred Compensation Plan, effective as of the first day of January 2005, to provide payments to certain of its key management employees and directors with benefits upon retirement, death, Disability, Termination of Employment, or upon other permitted reasons or dates, for the purpose of promoting in its key management employees and directors the strongest interest in the successful operation of the Company and to induce such persons to remain in the employ of the Company. This Plan has been amended and restated, effective January 1, 2009. Between January 1, 2005 and December 31, 2008, the Plan operated in good faith compliance with the guidance issued under Section 409A of the Code.
