0001628280-20-010548 Sample Contracts

SLM Corporation 2012 Omnibus Incentive Plan
Restricted Stock Agreement • July 22nd, 2020 • 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 June 18, 2020 (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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SLM Corporation 2012 Omnibus Incentive Plan Sign-On Equity Grant
2020 Restricted Stock • July 22nd, 2020 • SLM Corp • Personal credit institutions • Delaware

This Restricted Stock Unit Term Sheet (this “Agreement”) further describes the terms of the RSUs granted to Grantee pursuant to the Restricted Stock Unit Grant Notice. The Restricted Stock Unit Grant Notice and the SLM Corporation 2012 Omnibus Incentive Plan (the “Plan”) are incorporated herein in their entirety.

SEPARATION AGREEMENT AND RELEASE
Separation Agreement and Release • July 22nd, 2020 • SLM Corp • Personal credit institutions • Delaware

SLM Corporation and its subsidiaries, predecessors, and affiliates (collectively “SLM”) and I, Raymond Quinlan, have reached the following understanding and agreement. In exchange for the Plan Benefits and other consideration listed below, I agree to comply fully with the terms of this Separation Agreement and Release (this “Agreement”). In exchange for my agreement, SLM agrees to provide me with the Plan Benefits and other consideration listed below, to which I am not otherwise entitled.

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