Exhibit 10.33

FANNIE MAE

RESTRICTED STOCK AWARD

Award Document

This grant of Restricted Stock from Fannie Mae (the “Award”) is made to you as
an Eligible Employee (the “Awardee”) effective as of the date of grant set forth
in the grant detail available for you to view on the UBS website.

1. Grant of Stock. Pursuant to the provisions of the Fannie Mae Stock
Compensation Plan of 2003 (the “Plan”), Fannie Mae hereby grants to the Awardee,
subject to the terms and conditions of the Plan and subject further to the terms
and conditions set forth in this Award Document, restricted shares of Common
Stock of Fannie Mae (the “Restricted Stock”) as set forth in the grant detail
found on the “Restricted” page under the “Grants/Awards/Units” tab on the UBS
website.

2. Definitions. Unless provided otherwise herein, all defined terms are written
with initial capital letters and shall have the meaning stated in the Plan.

3. Terms and Conditions. By accepting the Award, the Awardee agrees that the
Award is subject to the following terms and conditions:

(a) Pre-Vesting Limitations. The Restricted Stock, the right to vote the
Restricted Stock, and the right to receive dividends or other distributions with
respect to the Restricted Stock may not, except in accordance with Plan
provisions, be sold, assigned, transferred, exchanged, pledged, hypothecated or
otherwise disposed of or encumbered, either voluntarily or involuntarily, until
the restrictions have lapsed. Fannie Mae reserves the right to impose similar
restrictions on any cash or property distributed with respect to any shares of
Restricted Stock. Restrictions shall lapse in accordance with the vesting
schedule set forth in the grant detail or, if earlier, upon the Awardee’s
Retirement, Early Retirement, Total Disability or death or at such earlier time
and in such circumstances, if any, as may be determined under the Plan
(including, without limitation, pursuant to Section 4.2(d) of the Plan if
applicable). Notwithstanding the foregoing, restrictions shall not lapse upon
the Awardee’s Retirement or Early Retirement if the Committee determines that
the Awardee’s termination of employment is “For Cause.” For the purpose of this
Award, “For Cause” is defined in Section 6 below.

(b) Treatment of Restricted Stock Upon Termination of Employment. Unless
otherwise provided by the Committee, all shares of Restricted Stock as to which
the restrictions have not lapsed in accordance with the provisions hereof shall
be immediately forfeited upon the termination of employment of the Awardee.
Forfeited shares of Restricted Stock shall be automatically transferred to
Fannie Mae without payment of any consideration by Fannie Mae and without any
required consent or other action by the Awardee, and all rights of Awardee with
respect to such shares of Restricted Stock shall thereupon cease.

(c) Shareholder Rights. The Awardee shall be entitled to voting rights and the
right to any dividends or other distributions with respect to the shares of
Restricted Stock held by the Awardee, regardless of whether such shares are
vested or unvested, provided that such rights shall terminate immediately as to
any Restricted Stock that is forfeited. Dividends and other distributions paid
on unvested shares of Restricted Stock may be taxable to the Awardee as
additional compensation.

(d) Payment of Taxes. This Award is conditioned upon prompt and timely payment
by the Awardee to Fannie Mae of any and all taxes required to be withheld by
Fannie Mae with respect to the grant or with respect to the vesting of the
Restricted Stock. The Awardee shall pay such taxes as follows: (i) if the
withholding obligation arises in connection with the vesting of any shares of
Restricted Stock, by electing to have a portion of such shares with a value
equal to the required withholding transferred to Fannie Mae, or (ii) by the
delivery of a check in form satisfactory to the plan administrator, or (iii) by
wire transfer. Fannie Mae’s obligation to release unencumbered shares of Common
Stock upon the lapse of restrictions on any Restricted Stock shall be subject to
the satisfaction by the Awardee of these obligations.

(e) Award Confers No Rights with Respect to Continuance of Employment. This
Award shall not confer upon the Awardee any right with respect to continued
employment by Fannie Mae, nor shall it interfere in any way with the right of
Fannie Mae to terminate the Awardee’s employment at any time.

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(f) Compliance with Law and Regulations. This Award and the obligation of Fannie
Mae to release unencumbered shares hereunder shall be subject to applicable
federal and state laws, rules and regulations, and to such approvals by any
government or regulatory agency as may be required.

4. Awardee Bound by Plan and Administrator’s Records. Awardee is bound by all
the terms and provisions of the Plan and the records of the Plan’s administrator
(including any third-party recordkeeper). In the event of a conflict between the
Award Document and the terms of the Plan or the records of the Plan’s
administrator, the terms of the Plan and records of the Plan’s administrator
shall control.

5. Legends. Prior to the lapse of the restrictions on the Restricted Stock,
Fannie Mae or its designee shall hold the Restricted Stock in book entry or
certificate form and any certificates shall contain the following legend:

“The shares of stock represented hereby are subject to the terms and conditions
(including the risks of forfeiture and restrictions against transfer) contained
in the Fannie Mae Stock Compensation Plan of 2003 and the Restricted Stock Award
Document. Release from such terms and conditions shall be made only in
accordance with the provisions of the Plan and this Award Document, a copy of
each of which is on file in the office of the Department of Human Resources of
Fannie Mae.”

6. Definition of “For Cause”. “For Cause” means Fannie Mae determines that the
Awardee has:

(a) materially harmed Fannie Mae by, in connection with the Awardee’s
performance of the Awardee’s duties for Fannie Mae, engaging in dishonest or
fraudulent actions or willful misconduct, or performing the Awardee’s duties in
a grossly negligent manner, or

(b) been convicted of, or pleaded nolo contendere with respect to, a felony.

The Awardee will not be deemed to have been terminated For Cause following an
event described in (a) above unless Fannie Mae has provided (i) reasonable
notice to the Awardee setting forth Fannie Mae’s intention to terminate For
Cause, (ii) where remedial action is appropriate and feasible, a reasonable
opportunity for such action, (iii) an opportunity for the Awardee, together with
the Awardee’s counsel, to be heard before the Compensation Committee of the
Board of Directors or its delegate, and (iv) the Awardee with a notice of
termination stating that the Awardee was guilty of the conduct set forth in
(a) above and specifying the particulars thereof in detail. No act or failure to
act by the Awardee will be considered “willful” unless it is done, or omitted to
be done, by the Awardee in bad faith or without reasonable belief that the
Awardee’s action or omission was in the best interests of Fannie Mae.