exv10w2






Exhibit 10.2




AMENDMENT 2008-1

TO THE

NORDSTROM EXECUTIVE DEFERRED COMPENSATION PLAN

(2007 Restatement)



The Nordstrom Executive Deferred Compensation Plan (2007 Restatement) (“Plan”) is hereby amended to
reflect administrative changes adopted (1) to simplify administration of deferral elections after a
Plan participant receives a hardship distribution under the Nordstrom 401(k) Plan & Profit Sharing,
and (2) to establish a hierarchy of unforeseeable financial emergency withdrawals that complies
with Section 409A of the Internal Revenue Code.





	1.	 	Section 3.7 Applicability of Deferral Agreement is replaced with the following:
	 
	 	 	“3.7 Applicability of Deferral Agreement.






(a) General Rule. Except as provided in this Section 3.7, a Deferral
Agreement shall be irrevocable and remains in effect for the entire Plan Year to
which it applies. A Participant must file a new Deferral Agreement to continue
deferrals in any subsequent Plan Year. The terms of any Deferral Agreement may, but
need not be, similar to the terms of any prior Deferral Agreement.




(b) Exceptions to Irrevocability.




(1) Financial Hardship. A Participant’s Deferral Agreement shall
be automatically canceled and deferrals shall cease for the remainder of the
Plan Year if the Participant:




(A) receives a distribution due to an unforeseeable financial
emergency, as described in Section 6.2(a)(1), or




(B) receives a hardship distribution from the Profit Sharing Plan
pursuant to Treasury Regulation 1.401(k)-1(d)(3).




(2) Disability. A Deferral Agreement shall be canceled if a
Participant becomes Disabled. For purposes of this section, “Disabled”
means that a Participant suffers from a medically determinable physical or
mental impairment resulting in his or her inability to perform the duties of
his or her position or any substantially similar position for a continuous
period of not less than six months.




(c) Resuming Participation. A Participant may elect to resume
deferrals under this Plan at any subsequent Annual Election Period, provided that
the Participant satisfies the Plan’s eligibility requirements in effect at that
time. In addition, effective January 1, 2009, if the reason for revocation of the
Deferral Agreement was receipt of a hardship distribution under the Profit Sharing
Plan, the Participant must wait until an Annual Election Period that begins at least
six



 









 







months after the Participant received the hardship distribution from the Profit
Sharing Plan before electing to resume deferrals under this Plan.”


2. Section 6.2 In-Service Distributions is amended by adding a new subsection 6.2(a)(4) as
follows:





“(4) Distribution Hierarchy. If a Participant qualifies for a distribution due to
unforeseeable financial emergency, the Participant must first exhaust amounts available from
his or her paid-time off bank under the Company’s Sabbatical Program before receiving a
distribution from this Plan.”


IN WITNESS WHEREOF, this Amendment 2008-1 to the Nordstrom Executive Deferred Compensation Plan
(2007 Restatement) is executed this 19th day of November 2008, effective January 1,
2009, except as otherwise provided herein.




	 	 	 	 	 	 	 
	 	 	NORDSTROM, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Delena Sunday
 

	 	 
	 

	 	Title:
	 	Executive Vice President	 	 
	 

	 	 	 	Human Resources and Diversity Affairs	 	 







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