Sallie Mae 2015 Annual Report Download - page 250
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The Corporation may, to the extent permitted under applicable laws, permit a Participant to satisfy
all or part of his or her tax, withholding, or any other required deductions or payments by cashless exercise
or by surrendering shares (either directly or by stock attestation) that he or she previously acquired. Any
payment of taxes by surrendering shares to the Corporation may be subject to restrictions, including, but not
limited to, any restrictions required by rules of the Securities and Exchange Commission.
27. NO EMPLOYMENT RIGHTS
Nothing in the Plan shall confer upon any employee any right to continued employment, or interfere
with the right of the Corporation or the Employers to terminate his or her employment at any time, for any
reason.
28. EFFECTIVE DATE
This current amendment and restatement is effective June 25, 2014. The Plan was amended again
on June 25, 2015.
IN WITNESS WHEREOF, SLM Corporation has caused this instrument to be duly executed in its name and
on its behalf.
SLM Corporation
By: _______________