Sallie Mae 2015 Annual Report Download - page 213

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14. MISCELLANEOUS
14.1. Facility of Payment. If it will be found that (a) a person entitled to receive any
payment under the Plan is physically or mentally incompetent to receive such payment and to give
a valid release therefore, and (b) another person or an institution is then maintaining or has custody
of such person, and no guardian, administrator, or other representative of the estate of such person
has been duly appointed by a court of competent jurisdiction, the payment may be made to such
other person or institution referred to in (b) above, and the release of such other person or institution
will be a valid and complete discharge for the payment.
14.2. Notice of Address. Each person entitled to benefits under the Plan must file with
the Administrator, in writing, his mailing address and each change of mailing address. Any
communication, statement, or notice addressed to such person at such address will be deemed
sufficient for all purposes of the Plan, and there will be no obligation on the part of the Corporation
or the Administrator to search for or to ascertain the location of such person.
14.3. Data. Each person entitled to benefits under the Plan must furnish to the
Administrator such documents, evidence, or other information as the Administrator considers
necessary or desirable for the purposes of administering the Plan or to protect the Plan. The
Administrator will be entitled to rely on representations made by Participants, spouses and
beneficiaries with respect to age, marital status and other personal facts, unless it knows said
representations are false.
14.4. Tax Determinations. Notwithstanding any other provision to the contrary herein, in
the event of a determination, as defined in section 1313(a) of the Internal Revenue Code, that any
Participant is subject to Federal income taxation on amounts deferred under this Plan, the amounts
that are includable in the Participant’s federal gross income will be distributed to such Participant
upon the receipt by the Corporation of notice of such determination. Subject to the requirements
of Code Section 409A and any guidance issued thereunder, the Corporation may make such
provisions and take such action as it may deem necessary or appropriate for the withholding of any
taxes which the Corporation is required by any law or regulation of any governmental authority,
whether Federal, state or local, to withhold in connection with any benefits under the Supplemental
Savings Plan, including, but not limited to, the withholding of appropriate sums from any amount
otherwise payable to the Participant (or his beneficiary). Each Participant, however, shall be
responsible for the payment of all individual tax liabilities relating to any such benefits.
IN WITNESS WHEREOF, SLM Corporation has caused this Plan to be duly executed in
its name and on its behalf.
SLM Corporation
By:____________________________________