SUPPLEMENTAL PENSION PLAN OF 2003
As Amended Effective January 1, 2008
1.1. Establishment . Fannie Mae (the “Corporation”) establishes this Fannie Mae Supplemental Pension Plan
of 2003 for the benefit of eligible employees of the Corporation and their beneficiaries. This Plan became subject
to Part 1 of Subtitle B of Title I of ERISA for purposes of 29 CFR § 2520.104-23 on the date of execution
(August 4, 2003) but with retroactive effect as hereinafter provided.
1.2. Purpose . The Corporation intends by the adoption of this Plan to advance its interests by enhancing
retirement benefits for a select group of the Corporation’s managerial or highly compensated employees. The
Plan supplements benefits provided under the Corporation’s Retirement Plan for Employees Not Covered Under
Civil Service Retirement Law and, in the case of some participants, benefits provided under other supplemental
1.3. Compliance . This Plan is intended to be unfunded for purposes of the Code and Title I of ERISA and to
constitute a so-called “top hat” plan as described in Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA, and
shall be construed accordingly.
When used herein, the following terms shall have the following meanings:
2.1. “Board” means the Board of Directors of the Corporation.
2.2. “Code” means the Internal Revenue Code of 1986, as from time to time amended and in effect.
2.3. “Committee” means the Benefit Plans Committee of the Corporation or any successor committee.
2.4. “Corporation” means Fannie Mae.
2.5. “Earnings” has the meaning provided in the Retirement Plan.
2.6. “Effective Date” means the date specified in Section 1.1.
2.7. “ERISA” means the Employee Retirement Income Security Act of 1974, as from time to time amended
and in effect.
2.8. “Executive” means, except as hereinafter provided, any regular employee of the Corporation who w