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Exhibit 10.1

 
FIRST AMENDMENT TO THE
 
BROWN SHOE COMPANY, INC. DEFERRED COMPENSATION PLAN
 

 
WHEREAS, Brown Shoe Company, Inc. (“Company”) previously adopted the Brown Shoe
Company, Inc. Deferred Compensation Plan (“Plan”); and
 
WHEREAS, the Company reserved the right to terminate the Plan pursuant to
Section 14 thereof; and
 
WHEREAS, the Company desires to terminate the Plan effective December 31, 2005;
and
 
WHEREAS, in connection with such termination, the accrued benefits of all
participants in the Plan shall be distributed from the Plan no later than
December 31, 2005;
 
NOW, THEREFORE, Section 14 of the Plan is amended by adding the following to the
end thereof:
 
“The Plan shall be terminated as of December 31, 2005. No deferrals or other
credits may be made to the Plan after that date, and all Elections in effect as
of such date shall be cancelled. In addition, the entire Account of each
Participant shall be distributed to him no later than December 31, 2005, so that
the balance of his entire Account shall be taxable to him in 2005.”

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed
this 1st day of December, 2005.
 
BROWN SHOE COMPANY, INC.
 

 
By __________________________________
 
 

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