Freddie Mac 2010 Annual Report Download - page 318

Table 79 — Grants of Plan-Based Awards — 2010
Name Award Threshold Target Maximum
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards
(1)
Mr. Haldeman . . . . . . . . . . ...................... Target Incentive Opportunity $— $2,000,000 $3,000,000
Performance-Based Deferred Base Salary — 1,550,000 1,937,500
Total 3,550,000 4,937,500
Mr. Kari . . . . . . . . . . . . . . ...................... Target Incentive Opportunity — 1,166,667 1,750,001
Performance-Based Deferred Base Salary 829,166 1,036,458
Total 1,995,833 2,786,459
Mr. Bostrom . . . . . . . . . . . ...................... Target Incentive Opportunity — 930,000 1,395,000
Performance-Based Deferred Base Salary 680,000 850,000
Total 1,610,000 2,245,000
Mr. Federico . . . . . . . . . . . ...................... Target Incentive Opportunity — 870,000 1,305,000
Performance-Based Deferred Base Salary 670,000 837,500
Total 1,540,000 2,142,500
Mr. Bisenius . . . . . . . . . . . ...................... Target Incentive Opportunity — 750,000 1,125,000
Performance-Based Deferred Base Salary 550,000 687,500
Total 1,300,000 1,812,500
(1) The amounts reported reflect the Target Incentive Opportunity and the performance-based portion of the Deferred Base Salary granted in 2010. The
Target Incentive Opportunity actually earned can range from 0% of target (reported in the Threshold column) up to a maximum of 150% of target
(reported in the Maximum column). The performance-based portion of the Deferred Base Salary actually earned can range from 0% of target (reported
in the Threshold column) up to a maximum of 125% of target (reported in the Maximum column). However, while the Executive Compensation
Program allows for an approved funding level greater than 100%, it is the current intention of the Compensation Committee not to approve a funding
level in excess of 100% while the company is in conservatorship. Actual amounts earned are reported in the “Non-Equity Incentive Plan Compensation”
column of “Table 78 — Summary Compensation Table — 2010.”
The 2010 Target Incentive Opportunity is scheduled to be paid in two installments, the first of which occurred on February 18, 2011, and the second of
which is scheduled to occur no later than March 15, 2012. The performance-based portion of the 2010 Deferred Base Salary is payable in equal
quarterly installments on the last business day of each quarter in 2011.
Mr. Bisenius will forfeit all future payouts of his non-equity incentive plan awards if he leaves the company as planned on April 1, 2011.
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