AGREEMENT AND RELEASEAgreement and Release • August 5th, 2013 • SLM Corp • Personal credit institutions • Delaware
SLM Corporation and its subsidiaries, predecessors, affiliates and successors and entities that after the date hereof become former direct or indirect subsidiaries of SLM Corporation (collectively “SLM”) and I, Albert L. Lord, 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 Agreement and Release (“Agreement and Release”). In exchange for my agreements, SLM agrees to provide me with the Plan Benefits and other consideration listed below, to which I am not otherwise entitled. SLM Corporation represents and warrants that this Agreement and Release has received all necessary corporate approvals.
