Freddie Mac 2015 Annual Report Download - page 414

Exhibit 10.21
THIRD AMENDMENT
TO THE
FEDERAL HOME LOAN MORTGAGE CORPORATION
LONG TERM DISABILITY PLAN
(As Restated and Amended January 1, 1997)
THIRD AMENDMENT TO THE FEDERAL HOME LOAN MORTGAGE CORPORATION
LONG TERM DISABILITY PLAN (the “Plan”) by the FEDERAL HOME LOAN
MORTGAGE CORPORATION (the “Corporation”), a corporation organized and existing under
the laws of the United States of America.
W I T N E S S E T H:
WHEREAS, the Plan was restated effective January 1, 1997;
WHEREAS, the Corporation desires to amend the Plan;
WHEREAS, Article 3.6 of the Plan permits the Corporation to amend the Plan; and
WHEREAS, the appropriate officer of the Corporation has been duly authorized to
amend the Plan and to execute this amendment.
NOW, THEREFORE, the Plan is hereby amended as follows, effective January 1, 2016:
1. Section 1.1 (Purpose) is amended to replace the second sentence thereof with the
following:
The Plan is intended to provide such long-term disability benefits as are specified
in the Policy to certain employees of the Federal Home Loan Mortgage
Corporation and participating Employers (as defined in Section 2.6) on an insured
basis.
2. Section 2.3 (Eligibility and Benefits) is amended to read as follows:
2.3. Eligibility and Benefits. The employees or classes of employees eligible for
coverage under the Plan, the effective dates upon which they become eligible, the
conditions which they must satisfy to become eligible to receive disability
benefits, the benefits payable, and other provisions affecting the Plan are those set
forth in the Policy. The term “employee” as used in the Plan shall mean a
Regular Full-time or Regular Part-time employee as defined in Freddie Mac
Corporate Policy No. 3-231, Hours of Work, Worker Classifications, Pay and
Overtime, as such policy may be amended, replaced or renumbered (“Worker