Document:

EX-10.6

Exhibit 10.6

PERFORMANCE SHARE PLAN INFORMATION SHEET

PSP   (200_-200_)

Name:

Performance Shares Granted:

Performance shares are contingent grants of Fannie Mae stock, where the actual number of shares you
receive at the end of the performance period will be determined by the extent to which each
performance criterion is achieved.

Performance Cycle — Performance cycles are three years in length. The current cycle (PSP
 ) started January 1, 200   and concludes December 31, 200_.

Performance Criteria — Performance criteria are established for each cycle and are tied to
the corporation’s strategic plan. The performance criteria used for this cycle are shown below;
each measure will have a    percent weighting in the calculation of final award.

	 	 	 	 	 
	n	 	Growth in Earnings Per Share — The compound annual growth targets

	 
	 	 	 	 
	
 
	 	for this cycle are:
	 	

	
 
	 	 	 	Compound Annual EPS Growth Targets
	
 
	 	 	 	 
	
 
	 	 	 	Threshold Target Maximum
	
 
	 	 	 	 
	 
	 	 	 	 
	
 
	 	 	 	PSP   **** **
	 
	 	 	 	 
	n	 	Corporate Performance Assessment — This measure is an assessment by

	 
	 	 	 	 
	 	 	the Compensation Committee of the Board of Directors of the

	 
	 	 	 	 
	 	 	company’s success in the following areas:

	 
	 	 	 	 
	
 
	 	-
	 	[To be inserted]

Calculation of Award Size — When the cycle is completed, the Compensation Committee of the
Board will determine the extent to which each of the performance criteria has been met.
Achievement against each performance measure can range from 40 percent for threshold performance,
to 100 percent for target performance, to a maximum of 150 percent. If performance is below
threshold, no payout will be made. The achievement percentages are then adjusted for their
relative weighting in the cycle and are combined to determine the number of shares in the final
award. (This calculation is governed by the stock price cap discussed on the next page.)

Award Payout — The award will be paid in shares of Fannie Mae common stock in two
installments beginning as soon as practicable after the end of the performance cycle. Fifty percent
of the award will be paid in the January following the end of the performance period (January 200_)
and the balance will be paid in January 200_. Dividend equivalents on the “deferred” shares will
be included in the second payment. You must be employed on the payment dates to receive the amounts
due, except in the case of death, disability, or retirement.

Tax Consequences -There are no taxes due at the time of grant. Taxes are due when awards
are paid. You can elect to satisfy withholding taxes by having shares withheld or by making a cash
payment to Fannie Mae.

Stock Price Cap — The plan limits the extent to which share price appreciation can affect
the calculation of the final award. The share price used for that calculation is capped at three
times the share price on the initial date of grant. If Fannie Mae’s share price at the end of the
performance cycle exceeds the cap, the final award value is adjusted downward to reflect the
limitation of the cap. For this cycle (PSP    ), the share price is capped at $   (3 x $   ).
This figure would be modified for any stock splits or other adjustments.

Treatment Upon Termination — Participants who terminate at least eighteen months after the
beginning of the cycle (i.e., after July 1, 200_) due to Total Disability or having attained at
least age 55 with at least five years of service would receive pro rata payment at the end of the
cycle. If the termination date is after the conclusion of the cycle (i.e., after December 200_),
the pro rata award would be distributed as soon as practical in one lump sum.

Participants who die prior to the end of the performance cycle, but at least eighteen months after
the beginning of the cycle, would receive a pro rata payment of the award as soon as practicable
after the participant’s death. To determine the amount to be paid, the Compensation Committee
would assess achievement against the cycle’s goals for that portion of the performance cycle during
which the participant was employed by the Corporation.

If termination is for any other reason, all awards are cancelled as of the termination date,
including unpaid portions of performance cycles that have concluded.

This award is granted under and otherwise subject to the terms and conditions of the Stock
Compensation Plan of 2003.EX-10.7

Exhibit 10.7

FANNIE MAE

NONQUALIFIED STOCK OPTION GRANT

FOR NONMANAGEMENT DIRECTORS

Award Document

This grant of Nonqualified Stock Options from Fannie Mae (the “Corporation”), is made to
? as a Nonmanagement Director (the “Optionee”) and is effective as of ?,
200?.

WITNESSETH:

	 	1.	 	Grant of Option. Pursuant to the provisions of the Fannie Mae Stock Compensation
Plan of 2003 (hereinafter called the “Plan”), the Corporation hereby grants to the Optionee,
subject to the terms and conditions of the Plan and subject further to the terms and
conditions herein set forth, the option to purchase from the Corporation all or any part of an
aggregate of ? shares of Common Stock ($0.525 stated value) of the Corporation
(hereinafter called “Common Stock”) at the purchase price of $? per share, such
option to be exercised as hereinafter provided.

	 	2.	 	Definitions. All capitalized terms used herein and not otherwise defined have the
meanings given them in the Plan.

	 	3.	 	Terms and Conditions. It is understood and agreed that the option evidenced hereby
is subject to the following terms and conditions:

	 	(a)	 	Option Period and Ability to Exercise. The option shall be for ten
years and shall expire as of the close of business on ? . Subject to
subparagraph (d) of this paragraph 3, this option shall vest and become exercisable
over a four-year period at a rate of 25 percent each year on the anniversary date of
the grant.

	 	(b)	 	Exercise of Option. Subject to the other terms hereof and the Plan
regarding the exercisability of this option, this option may be exercised in whole or
from time to time in part until the date of expiration of this option under either
subparagraph (a) or (d) of this paragraph 3, whichever is earlier. The Optionee may
exercise this option by providing written notice, or any other authorized method
(including in electronic form), to the Corporation or its designee specifying the
number of shares as to which the option is being exercised.

	 	(c)	 	Payment of Purchase Price Upon Exercise. At the time of any exercise,
the purchase price of the shares as to which this option shall be exercised shall be
paid in accordance with Section 6.3 of the Plan.

	 	(d)	 	Exercise in the Event of Termination of Directorship. If the
Optionee’s service as a member of the Board is terminated for any reason, this option
shall immediately vest in full and may be exercised until the earlier of one year after
the date of such termination or the expiration of the stated term of this option.

	 	(e)	 	Transferability of Option. This option shall not be transferable other
than in accordance with the terms of the Plan.

	 	(f)	 	Adjustments in Event of Change in Stock. In the event of any change
in the Common Stock by reason of an event described in Section 8.2(a) of the Plan, the
adjustments provided in Section 8.2(b) of the Plan shall be made. Any adjustment so
made shall be final and binding upon the Optionee.

	 	(g)	 	Optionee Has No Rights as a Shareholder. The Optionee shall have no
rights as a shareholder with respect to any shares of Common Stock subject to this
option prior to the date of issuance to the Optionee of such shares.

	 	(h)	 	Compliance with Law and Regulations. This option and the obligation of
the Corporation to sell and deliver shares of Common Stock hereunder, shall be subject
to all applicable federal and state laws, rules and regulations and to such approvals
by any government or regulatory agency as may be required. The Corporation shall not
be required to issue or deliver any certificates for shares of Common Stock prior to
(i) the listing of such shares on any stock exchange on which the Common Stock may then
be listed and (ii) the completion of any registration or qualification of such shares
under any federal or state law, or any ruling or regulation of any government body
which the Corporation shall, in its sole discretion, determine to be necessary or
advisable.

	 	4.	 	Optionee Bound by Plan. Optionee is bound by all the terms and provisions of the
Plan and the Plan’s administrator’s records. In the event of a conflict between this 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.EX-10.8

Exhibit 10.8

FANNIE MAE

RESTRICTED STOCK AWARD

FOR NONMANAGEMENT DIRECTORS

Award Document

This grant of Restricted Stock from Fannie Mae (the “Award”) is made to you as a Nonmanagement
Director (the “Awardee”) effective as of the date of grant set forth in Exhibit A attached hereto.

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
Exhibit A, attached hereto.

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 Exhibit A or, if
earlier, (i) upon the Awardee’s Total Disability, (ii) death, or (iii) if the Awardee was elected
to the Board by the shareholders, not being renominated after reaching age 70, or at such earlier
time and in such circumstances, if any, as may be determined under the Plan.

(b) Treatment of Restricted Stock Upon Termination of Awardee’s Membership on the
Board. 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 the Awardee’s membership on the Board. 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.

(d) Award Confers No Rights with Respect to Reappointment or Renomination to Serve as a
Member of the Board. This Award shall not confer upon the Awardee any right to be reappointed
or renominated to serve as a member of the Board.

(e) 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.”

EXHIBIT A

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}]]