RESTRICTIVE COVENANT AND CONFIDENTIALITY AGREEMENTRestrictive Covenant and Confidentiality Agreement • February 27th, 2014 • 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 David B. Lowman (“Executive” or “you”), effective on the date the Executive assigns a personal signature to page 5 of this Agreement.
Date To April 7, 2013 David B. Lowman From Donald H. LaytonFederal Home Loan Mortgage Corp • February 27th, 2014 • Federal & federally-sponsored credit agencies
On behalf of the Compensation Committee (the “Committee”) 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 – Single-Family Business, effective May 20, 2013, pursuant to the terms and conditions set forth herein. The terms and conditions set forth herein have been approved by the Committee 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”).
