exv10w35







 




    Exhibit
    10.35



 




    FIRST
    AMENDMENT

    TO THE

    FEDERAL HOME LOAN MORTGAGE CORPORATION

    LONG-TERM DISABILITY PLAN



 




    (As Restated
    and Amended January 1, 1997)
    



 



    FIRST AMENDMENT TO THE FEDERAL LONG TERM DISABILITY PLAN (the
    “Plan”) by the FEDERAL HOME LOAN MORTGAGE CORPORATION
    (the “Corporation”), a corporation organized and
    existing under the laws of the United States of America.



 




    W I T N E
    S S E T H:



 



    WHEREAS, the Plan was restated effective January 1,
    1997, and



 



    WHEREAS, the Corporation desires to amend the
    Plan, and



 



    WHEREAS, section 3.6 of the Plan permits the
    Corporation to amend the Plan, and



 



    WHEREAS, the appropriate officer of the Corporation has
    been duly authorized to amend the Plan and to execute this
    amendment,



 



    NOW, THEREFORE, the Plan is hereby amended as follows,
    effective January 1, 2001:



 



    1. Section 2.3 is amended to read as follows:



 



    2.3.  Eligibility and
    Benefits.  The employees or classes of
    employees of the Corporation eligible for coverage under the
    Plan, the effective dates upon which they become eligible, the
    conditions which they must satisfy to become eligible to receive
    disability benefits, the benefits payable, and other provisions
    affecting the Plan are those set forth in the Policy. The term
    “employee” as used in the Plan and Policy shall mean
    an individual who is a Regular Full-Time or Part-Time employee,
    as defined in Freddie Mac Policy
    No. 3-221,
    Employment Classifications Policy (as may be amended, replaced
    or redesignated from time to time), who is on the payroll of the
    Corporation and not paid by accounts payable, and whose wages
    from the Corporation are subject to withholding for the purposes
    of Federal income taxes and the Federal Insurance Contributions
    Act.













 






    For purposes of the Plan, Part-Time Employees include only those
    Employees who are regularly scheduled to work at least
    20 hours per week.



 



    The term Employee shall not include:



 


			
	 	    (a) 
	
    individuals whom the Corporation classifies, pursuant to Freddie
    Mac Policy
    No. 3-221,
    Employment Classifications Policy (as may be amended, replaced
    or redesignated from time to time), as




 



    (i) Co-Op, Work Study Students or Interns,



 



    (ii) Employment Agency Temporaries,



 



    (iii) Independent Contractors/Consultants, or



 



    (iv) Temporary Employees



 



    (or similar classification) regardless of the individuals’
    employment status under applicable law;



 


			
	 	    (b) 
	
    individuals who are retroactively classified as Regular
    Full-Time or Part-Time employees with respect to such period of
    retroactive classification; and

	 
	 	    (c) 
	
    Leased Employees (as defined in the FHLMC Employees’
    Pension Plan).




 



    IN WITNESS WHEREOF, the Corporation has caused this FIRST
    AMENDMENT TO THE FEDERAL HOME LOAN MORTGAGE CORPORATION LONG
    TERM DISABILITY PLAN to be executed by its duly authorized
    officer, this 31st day of December, 2001.



 



    FEDERAL HOME LOAN




    MORTGAGE CORPORATION



 


			
	 	    Signature: 
	
    /s/  C.
    E. Almer








 


			
	 	    Printed Name: 
	
    C. E. Almer







 


		
	    Attest: 	
    /s/  Mollie
    Roy









    Assistant Secretary




    

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