Exhibit 10.23

AMENDMENT NUMBER ONE
TO THE
LOWE’S COMPANIES, INC. 2006 LONG TERM INCENTIVE PLAN

This Amendment Number One to the Lowe’s Companies, Inc. 2006 Long Term Incentive
Plan (the “Plan”) is adopted by Lowe’s Companies, Inc. (the “Company”) effective
as of December 31, 2008.
 
W I T N E S S E T H:
 
WHEREAS, the Company currently maintains the Lowe’s Companies, Inc. 2006 Long
Term Incentive Plan; and
 
WHEREAS, the Company desire to amend the Plan to eliminate the mandatory
deferral of any currently outstanding stock awards under the Plan or any stock
awards made on or after January 1, 2009; and
 
WHEREAS, under Section 15.1 of the Plan, the Company may amend the Plan at any
time;
 
NOW, THEREFORE, effective as of December 31, 2008, the Company hereby amends
Article XI of the Plan by adding the following new Section 11.5 to the end
thereof:
 
Section 11.5   Termination of Mandatory Deferrals.  Notwithstanding any contrary
provision of the Plan, no Participant shall earn a Deferred Stock Benefit under
the Plan with respect to any Stock Award or award of Performance Shares
outstanding or awarded on and after January 1, 2009.
 
IN WITNESS WHEREOF, the Company has adopted this Amendment Number One to the
Plan effective as of the day and year first above written.
 
LOWE’S COMPANIES, INC.

By: _____________________________
Name: ___________________                                                               
Title: ____________________                                                               

 
 
 

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