Fannie Mae 2009 Annual Report Download - page 233

The table below provides information on the nonqualified deferred compensation of the named executives for
2009.
Nonqualified Deferred Compensation for 2009
Name
Executive
Contributions
in Last
Fiscal Year ($)
Registrant
Contributions in
Last Fiscal
Year ($)
(1)
Aggregate
Earnings in
Last Fiscal
Year ($)
(2)
Aggregate
Withdrawals/
Distributions ($)
(3)
Aggregate
Balance at
Last Fiscal
Year-End ($)
Michael Williams
2001 Special Stock Award
(4)
. . . . . . . . . . — — 577 — 1,620
Herbert Allison . . . . . . . . . . . . . . . . . . . . . — — — — —
David Johnson
Supplemental Retirement Savings Plan . . . — 34,400 3,442 — 37,842
Kenneth Bacon
Elective Deferred Compensation Plan I . . — — — (256,489) —
David Benson . . . . . . . . . . . . . . . . . . . . . . — — — — —
Timothy Mayopoulos
Supplemental Retirement Savings Plan . . . — 8,708 175 — 8,883
(1)
Amounts reported in this column for Messrs. Johnson and Mayopoulos as registrant contributions in the last fiscal year
pursuant to the Supplemental Retirement Savings Plan are also reported as 2009 compensation in the “All Other
Compensation” column of the “Summary Compensation Table for 2009, 2008 and 2007” and the “Company Credits to
Supplemental Retirement Savings Plan” column of the related “Components of ‘All Other Compensation’ for 2009”
table.
(2)
None of the earnings reported in this column are reported as 2009 compensation in the “Summary Compensation
Table for 2009, 2008 and 2007” because the earnings are neither above-market nor preferential.
(3)
As permitted under a transition period for changes in the tax laws relating to deferred compensation, our conservator
approved a change to our Elective Deferred Compensation Plan I to permit participants to make an election to receive
payment in early 2009 of amounts they deferred under those plans that otherwise may have been paid later. As a
result, Mr. Bacon elected to receive early payment of his balance under this plan. Mr. Bacon received the distribution
in January 2009.
(4)
The Board previously approved a special stock award to officers for 2001 performance. On January 15, 2002,
Mr. Williams deferred until retirement 1,142 shares he received in connection with this award. Aggregate earnings on
these shares reflect changes in stock price. Mr. Williams’ number of shares has grown through the reinvestment of
dividends to 1,373 shares as of December 31, 2009.
Potential Payments upon Termination or Change-in-Control
The information below describes and quantifies certain compensation and benefits that may have become
payable to each of our named executives under our existing plans and arrangements if our named executive’s
employment had terminated on December 31, 2009, taking into account the named executive’s compensation
and service levels as of that date and based on a per share price of $1.18, which was the closing price of our
common stock on December 31, 2009. The discussion below does not reflect retirement or deferred
compensation benefits to which our named executives may be entitled, as these benefits are described above
under “Pension Benefits” and “Nonqualified Deferred Compensation.” The information below also does not
generally reflect compensation and benefits available to all salaried employees upon termination of
employment with us under similar circumstances. We are not obligated to provide any additional
compensation to our named executives in connection with a change-in-control.
FHFA must approve any termination benefits we provide named executives.
FHFA, as our regulator, must approve any termination benefits we offer our named executives. Moreover, as
our conservator, FHFA has directed that our Board consult with and obtain FHFA’s consent before taking any
action involving termination benefits for any officer at the executive vice president level and above and
including, regardless of title, executives who hold positions with the functions of the chief operating officer,
chief financial officer, general counsel, chief business officer, chief investment officer, treasurer, chief
compliance officer, chief risk officer and chief/general/internal auditor. In addition, as described below under
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