EX-10.1
from 8-K
4 pages
Since 1970, We’ve Made Home Ownership and Rental Housing More Accessible and Affordable for More People Across the Nation. Our Promise to Seller/Servicers, Homeowners, Renters, Investors, and the American Taxpayer Is Simple: We Will Build a Better Freddie Mac and a Better Housing Finance System. It’s a Big Promise, but One We’ve Repeatedly Delivered On. as We Look to the Future, We Need Leaders Who Can Continue Positioning Freddie Mac as a Competitive, Innovative Force in the Industry. With Your Skills and Experiences, You Are the Right Leader, Right Now, to Help US Execute on Our Mission for Our Customers and Win in the Commercial Marketplace. Congratulations Again, and I Look Forward to You Joining the Freddie Mac Team! Below Is an Outline of the Terms and Conditions of Your Employment With US, Including Your Compensation and Benefits, Which Has Been Approved by the Compensation & Human Capital Committee of the Board of Directors and the Federal Housing Finance Agency (The “Fhfa”). Compensation Your Target Total Direct Compensation (“Target Tdc”) Will Be $3,000,000, Which Will Be Pro-Rated in the First Calendar Year of Employment Based on Your Start Date. Your Target Tdc Will Consist of Two Components – Base Salary and Deferred Salary – That Are Both Paid in Cash and Are Summarized Below. Base Salary – The Annualized Amount of Your Base Salary Will Be $600,000. Deferred Salary – The Annualized Amount of Your Deferred Salary Will Be $2,400,000 and Is Comprised of Two Components Noted Below. • At-Risk Deferred Salary – This Portion of Your Deferred Salary Is Equal to Thirty Percent (30%) of Your Target Tdc, or $900,000, Up to Half of Which May Be Reduced Based on the Company’s Performance Against Objectives Established by Fhfa and Up to Half of Which
12/34/56
EX-10.21
from 10-K
3 pages
Dear Ricardo: 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 Senior Legal Advisor, Effective on a Mutually Agreed Upon Start Date, Reporting to Me, Freddie Mac’s Chief Executive Officer. the Following Outlines the Terms of Your Employment With US, Including Your Compensation and Benefits, Which Have Been Approved by the Compensation Committee of the Board of Directors and the Federal Housing Finance Agency (The “Fhfa”). Congratulations and We Look Forward to You Joining the Freddie Mac Team! I. Compensation
12/34/56