Freddie Mac 2015 Annual Report Download - page 415

Classification Policy”), who is regularly scheduled to work at least 20 hours per
week, is on the payroll of an Employer and not paid by accounts payable, whose
wages from the Employer are subject to withholding for purposes of Federal
income taxes and the Federal Insurance Contributions Act.
The term “employee” as used herein shall not include:
(a) individuals whom the Corporation classifies, pursuant to the Worker
Classification Policy, as
(i) Temporary employees
(ii) Interns
(iii) Contingent Workers, or
(iv) Independent Contractors
(or similar classification), each as defined and classified by the Employer and
regardless of the individual’s employment status under applicable law;
(b) Individuals who are retroactively classified as Regular Full-Time or Part-
Time employees with respect to such period of retroactive classification; and
(c) Leased Employees (as defined in the Worker Classification Policy, and
determined, for this purpose, without regard to the year of service
requirement).
For an Employer pursuant to Sections 2.6(b) or 2.6(c), the Plan Administrator
shall apply the Worker Classification Policy and the other provisions of this
section to that entity for purposes of determining whether an individual is an
Employee.
3. Section 2.4 (Claims Procedure) is amended to add the following new sentence at the end
thereof:
No legal action can be brought to recover under any benefit after three years from
the deadline for filing claims. If the time limitations in this section have not been
exceeded by the Plan Administrator (or delegate), no person may bring an action
in a court of law unless the claims review procedure is exhausted and final
determination has been made. If the claimant or another interested party
challenges the decision, a review by a court of law will be limited to the facts,
evidence and issues presented by the claimant during the claims review procedure
described in this section. Issues not raised with the Plan Administrator during the
appeal provided for in this section will be deemed waived.
4. The Plan is amended to add the following new definition designated as Section 2.6:
2.6. Employer. For purposes of this Plan, an Employer is:
(a) the Corporation;
(b) a wholly-owned subsidiary of the Corporation that adopts the Plan with
the approval of the Corporation, subject to such terms and conditions as