Sallie Mae 2015 Annual Report Download - page 199

plans to which I may be entitled under SLM’s standard employee benefit plans for similarly situated
employees and executives, I will not receive any other wage, paid time off, or other similar payments
from SLM or any of the entities discussed in Section (2).
(e) For the purposes of this Agreement, the parties acknowledge that the “Amendment
to Stock Option and Restricted/Performance Stock Terms” issued under the SLM Corporation
Employee Stock Option Plan, SLM Corporation Management Incentive Plan, SLM Corporation
Incentive Plan (as amended and restated October 2006), and SLM Corporation 2009-2012 Incentive
Plan (collectively, the “Plans”) by SLM Corporation, and effective as of January 27, 2011, is
applicable.
(f) Subject to any earlier payment provisions set forth above, and except for the
benefits and payments described in 1(c) (Medical/Dental/Vision continuation) and 1(d) (Benefit
Programs), all payments or reimbursements described in this Section (1) shall be paid to me on or
before the eighth calendar day and no later than the twenty-first calendar day after my signature on
this Agreement and Release.
(2)Release:
In consideration of the Special Payments and Benefits described above, I agree to
release SLM, and all of its subsidiaries, affiliates, predecessors, successors, and all related
companies, and all of its former and current officers, employees, directors, and employee benefit
programs (and the trustees, administrators, fiduciaries, and insurers of such programs) of any of
them (collectively “Released Parties”) from all actions, charges, claims, demands, damages or
liabilities of any kind or character whatsoever, known or unknown, which I now have or may have
had through the date I sign this Agreement and Release except claims that the law does not permit
me to waive by signing this Agreement and Release. For example, I am releasing all common law
contract, tort, or other claims I might have, as well as all claims I might have under the Age
Discrimination in Employment Act (“ADEA”), the WARN Act, Title VII of the Civil Rights Act of
1964, Sections 1981 and 1983 of the Civil Rights Act of 1866, National Labor Relations Act, the
Americans with Disabilities Act (ADA), Family and Medical Leave Act, Genetic Information
Nondiscrimination Act (“GINA”) of 2008, the Employee Retirement Income Security Act of 1974
(“ERISA”), individual relief under the Sarbanes-Oxley Act of 2002, or individual relief under the
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 or The American Recovery
and Reinvestment Act of 2009, and any other federal, state or local laws. I further waive any right
to payment of attorneys' fees, which I may have incurred. It is understood and agreed that by
entering into this Agreement and Release, SLM does not admit any violation of law, or any of
employee’s rights, and has entered into this Agreement and Release solely in the interest of resolving
finally all claims and issues relating to my employment and separation.
SLM and I, the Parties (“Parties”), expressly agree however, that nothing in this
Agreement and Release shall preclude my participation as a member of a class in any suit or
regulatory action brought against the Released Parties arising out of or relating to any alleged
securities violations or diminution in the value of SLM securities. SLM agrees that the release