0000950133-03-001102 Sample Contracts

EMPLOYMENT AGREEMENT between FANNIE MAE and DANIEL H. MUDD
Employment Agreement • March 31st, 2003 • Federal National Mortgage Association Fannie Mae • Federal & federally-sponsored credit agencies • District of Columbia

THIS EMPLOYMENT AGREEMENT, effective as of the 23rd day of February, 2000, is by and between FANNIE MAE (the “Corporation”) and DANIEL H. MUDD (“Employee”).

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INDEMNIFICATION AGREEMENT dated as of , 2003 between FEDERAL NATIONAL MORTGAGE ASSOCIATION (“Fannie Mae”), and (“Indemnitee”)
Indemnification Agreement • March 31st, 2003 • Federal National Mortgage Association Fannie Mae • Federal & federally-sponsored credit agencies • Delaware

WHEREAS, the Board of Directors has determined that the inability to attract and retain qualified persons as directors and officers is detrimental to the best interests of Fannie Mae’s stockholders and that Fannie Mae should act to assure such persons that there will be adequate certainty of protection through insurance and indemnification against risks of claims and actions against them arising out of their service to and activities on behalf of Fannie Mae; and

EMPLOYMENT AGREEMENT between FANNIE MAE and FRANKLIN D. RAINES
Employment Agreement • March 31st, 2003 • Federal National Mortgage Association Fannie Mae • Federal & federally-sponsored credit agencies • District of Columbia

THIS EMPLOYMENT AGREEMENT, effective as of the 21st day of May, 1998, is by and between FANNIE MAE (the “Corporation”) and FRANKLIN D. RAINES (“Employee”).

INDEMNIFICATION AGREEMENT dated as of between FEDERAL NATIONAL MORTGAGE ASSOCIATION (“Fannie Mae”), and (“Indemnitee”)
Indemnification Agreement • March 31st, 2003 • Federal National Mortgage Association Fannie Mae • Federal & federally-sponsored credit agencies • Delaware

WHEREAS, Section 6.02 of Article 6 of the Bylaws of Fannie Mae (the “Amendment”) approved by the stockholders at the Annual Meeting, May 21, 1987 and by the Board of Directors on that same date requires Fannie Mae to indemnify directors and officers of Fannie Mae provided certain conditions are met;

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