Attached files
Exhibit
10.21
AMENDMENT
NUMBER ONE
TO
THE
LOWE’S
COMPANIES, INC.
DIRECTORS’
DEFERRED COMPENSATION PLAN
THIS AMENDMENT NUMBER ONE to
the Lowe’s Companies, Inc. Directors’ Deferred Compensation Plan, as adopted
effective as of July 1, 1994 (the “Plan”), is adopted by
Lowe’s Companies, Inc. (the “Company”) effective
as of January 31, 2009.
W
I T N E S S E T H:
WHEREAS, the Company wishes to
amend the Plan to change the interest crediting rate on Deferred Cash
Benefits;
NOW THEREFORE, the Section 7
of the Plan is hereby amended effective as of January 31, 2009 to read as
follows:
“7. DEFERRED CASH
BENEFITS.
Deferred Cash Benefits
will be set up in a Deferred Cash Account for each Participant and credited with
interest calculated in the same manner and at the same rate as interest on
amounts invested in the short-term interest fund option available to employees
participating in the Lowe’s 401(k) Plan, a tax-qualified, defined contribution
plan sponsored by the Company. Deferred Cash Benefits are credited to
the applicable Participant’s Deferred Cash Account as of the day they would have
been paid but for the deferral. Interest is credited on the first day
of each month based on the Deferred Cash Account balance at the end of the
preceding day.”
IN WITNESS WHEREOF, this
Amendment Number One has been executed on the 12th day
of November, 2009, effective as of the date specified herein.
LOWE’S
COMPANIES, INC.
By: /s/
Maureen K. Ausura
Maureen K. Ausura
Senior Vice President, Human
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