Document:

Exhibit
10.3

DEFERRED SHARE AWARD

( [date] Award
For           Deferred Shares)

This Deferred Share Award is made to [MEXICO OFFICER/ASSOCIATE] this           
day of                    ,
20       , by THE HOME DEPOT, INC., a
Delaware corporation.

W I T N E S S E T H:

WHEREAS, the Company has adopted The Home Depot,
Inc. 2005 Omnibus Stock Incentive Plan; and

WHEREAS, Associate is an employee of a subsidiary of
the Company eligible to receive an award of Deferred Shares under the Plan; and

WHEREAS, the Company
desires to grant to Associate an award of Deferred Shares under the terms of
the Plan to promote Associate’s long-term interests in the success of the
Company and its subsidiaries; and

NOW, THEREFORE, the Company makes an award of Deferred Shares
under the Plan to Associate pursuant to the following terms and conditions:

1.             Definitions. 
As used herein, the
following terms shall be defined as set forth below:

(a)           “Award”
means the Deferred Share Award to Associate, as set forth herein,
and as may be amended as provided herein.

(b)           “Company”
means The Home Depot, Inc., a Delaware corporation, with offices at
2455 Paces Ferry Road, Atlanta, Georgia 
30339.

(c)           “Change
in Control” means the occurrence of a change in control of a
nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A under the Securities Exchange Act of 1934 (“1934
Act”) as in effect at the time of such change in control, provided that such a
change in control shall be deemed to have occurred at such time as (i) any “person”
(as that term is used in Sections 13(d) and 14(d) (2) of the 1934 Act), is or
becomes the “beneficial owner,” directly or indirectly, of securities
representing 50% or more of the combined voting power for election of directors
of the then outstanding securities of the Company or any successor of the
Company; (ii) during any period of two (2) consecutive years or less,
individuals who at the beginning of such period constituted the Board cease,
for any reason, to constitute at least a majority of the Board, unless the
election or nomination for election of each new director was approved by a vote
of at least two-thirds of the directors then still in office who were directors
at the beginning of the period or whose election or nomination for election was
so approved; (iii) the consummation of any merger or consolidation, approved by
the stockholders of the Company, as a result of which the common stock of the
Company shall be changed, converted or exchanged (other than a merger with a
wholly owned subsidiary of the Company) or of any sale or other disposition in
one or a series of related transactions of 50% or more of the assets or earning
power of the Company, or the approval by stockholders of any liquidation of the
Company; or (iv) the 

consummation
of any merger or consolidation, approved by the stockholders of the Company, to
which the Company is a party as a result of which the persons who were
stockholders of the Company immediately prior to the effective date of the merger
or consolidation shall have beneficial ownership of less than 50% of the
combined voting power for election of directors of the surviving corporation
following the effective date of such merger or consolidation.

(d)           “Competitor”
means any company or entity engaged in any way in a business that competes
directly or indirectly with the Company, its parents, subsidiaries, affiliates
or related entities, in the United States, Canada, Puerto Rico, Mexico, China
or any other location in which the Company currently conducts business or may
conduct business.  Businesses that
compete with the Company specifically include, but are not limited to, the
following entities and each of their subsidiaries, affiliates, assigns, franchisees,
or successors in interest:  Lowe’s
Companies, Inc. (including, but not limited to, Eagle Hardware and Garden);
Sears  Holding Corp. (including, but not
limited to, Orchard Supply and Hardware Company); Wal-Mart; Rona Inc.;
Castorama/B&Q; Ace Hardware; True Value Company; Menard, Inc., Construrama,
Todo Fácil and Cómex.

(e)           “Deferred Shares” means
the award of the Company’s common stock to Associate set forth in Section 2, including
any dividend equivalents credited pursuant to Section 3.

(f)            “Associate”
means [INSERT MEXICO ASSOCIATE NAME AND TITLE]

(g)           “Grant Date”
means [INSERT GRANT DATE]

(h)           “Plan” means
The Home Depot, Inc. 2005 Omnibus Stock Incentive Plan, as amended from time to
time.

(i)            “Retirement”
means termination of employment with the Company and its subsidiaries on or
after Associate’s attainment of age sixty (60) and having at least five (5)
years of continuous service with the Company and its subsidiaries.

2.             Deferred Share Award. Company hereby grants to Associate an award
of Deferred Shares under the Plan for                                 
(            )
shares of the $.05 par value common stock of the Company, subject to the restrictions
and other conditions set forth herein.

(a)           Vesting.  The Deferred Shares shall vest and become
payable to Associate as follows provided that, except as provided in Section 2(c),
Associate is employed by the Company or a Company subsidiary on the vesting
date : [OPTION ONE: twenty-five percent (25%)
of the shares granted shall vest and become payable upon the third (3rd) anniversary of the Grant Date; twenty-five percent (25%) of the
shares granted shall vest and become payable upon the sixth (6th) anniversary of the Grant Date; and fifty percent (50%) of the shares
granted shall vest and become payable upon the earlier of the date on which
Associate reaches age 60 or the tenth (10th)
anniversary of the Grant Date.] [OPTION TWO:  one hundred percent (100%) of the shares
granted shall vest and become payable upon the [select: third (3rd) or fourth (4th) or fifth (5th)]
anniversary of the date of grant.]   Deferred Shares that have not vested shall be
subject to forfeiture as provided in Section 2(c).  Upon a Change in Control of the Company all
unvested Deferred Shares shall immediately vest and become payable.  In the event of death or employment 

 2
 

termination
due to permanent and total disability, any unvested Deferred Shares shall
immediately vest and become payable to the Associate or Associate’s estate.

(b)           Delivery
of Shares.  Except as
otherwise provided in Section 2(c), the Company shall cause a stock certificate
representing the vested Deferred Shares to be transferred to Associate as soon
as practicable after the vesting date. 
The Company may satisfy its payment obligation, net of applicable taxes
and other source deductions required to be withheld by the Company or a Company
subsidiary, by having an independent broker acquire shares on the open market
on behalf of the Associate.  The Company
will not be required to deliver any shares pursuant to this Award if, in the
opinion of counsel for the Company, such issuance would violate the Securities
Act of 1933 or any other applicable federal or state securities laws or
regulations.  Prior to the issuance of
any shares pursuant to this Award, the Company may require that Associate (or
Associate’s legal representative upon Associate’s death or disability) enter
into such written representations, warranties and agreements as the Company may
reasonably request in order to comply with applicable securities laws or with
this Award.

(c)           Change in
Employment Status.  If
Associate’s employment with the Company and its subsidiaries terminates for
reasons other than [FOR USE WITH OPTION TWO
VESTING ONLY: Retirement,] death or
permanent and total disability, or if Associate’s employment status changes to
a position which the Company deems to be ineligible for this Deferred Share grant,
any Deferred Shares which had been granted to Associate which have not yet
become vested as of the date of Associate’s termination or upon Associate’s
commencing employment in a non-eligible position, shall be immediately
forfeited by Associate. [FOR USE WITH OPTION TWO
VESTING ONLY: Upon employment termination due to Retirement, all
Deferred Shares that have not lapsed as of the date of Associate’s Retirement
shall continue to vest according to the vesting schedule set forth in Section 2
of this Award, provided that a sufficient number of shares shall vest at the
time said Deferred Shares become taxable to Associate to cover applicable tax
withholding required pursuant to Section 7; further provided, that if after
reaching Retirement, Associate becomes, either directly or indirectly, employed
with a Competitor, all unvested Deferred Shares shall be immediately forfeited.

3.             Adjustments for Dividends.  Upon the payment of any cash dividend on
shares of common stock of the Company before the issuance of a stock
certificate representing the Deferred Shares, the number of Deferred Shares
shall be increased by the number obtained by dividing (x) the aggregate amount
of the dividend that would be payable if each Deferred Share were issued and
outstanding and entitled to dividends on the dividend payment date, by (y) the
Fair Market Value of the common stock on the dividend payment date. The number
of Deferred Shares shall also be entitled to such adjustments as are determined
under Section 11 of the Plan.

4.             Stockholder Rights. The
Deferred Shares shall not be sold, pledged, assigned, hypothecated, transferred
or disposed of in any manner, whether by the operation of law or otherwise before
vesting.  Upon vesting and the issuance
of a stock certificate representing the Deferred Shares, Associate shall have
all of the rights of a stockholder with respect to the Deferred Shares,
including the right to vote the shares and to receive all dividends or other
distributions 

 3
 

paid
or made available with respect to such shares. 
Before the delivery of such stock certificate, Associate shall have none
of the rights of a stockholder with respect to the Deferred Shares.

5.             Adjustments. 
The number of shares
covered by the Deferred Shares and, if applicable, the kind of shares covered
by the Deferred Shares shall be adjusted to reflect any stock dividend, stock
split, or combination of shares of the Company’s Common Stock.  In addition, the Company may make or provide
for such adjustment in the number of shares covered by the Deferred Shares, and
the kind of shares covered by the Deferred Shares, as the Company in its sole
discretion may in good faith determine to be equitably required in order to
prevent dilution or enlargement of Associate’s rights that otherwise would
result from (a) any exchange of shares of the Company’s Common Stock,
recapitalization or other change in the capital structure of the Company,
(b) any merger, consolidation, spin-off, spin-out, split-off, split-up,
reorganization, partial or complete liquidation or other distribution of assets
(other than a normal cash dividend), issuance of rights or warrants to purchase
securities, or (c) any other corporate transaction or event having an effect
similar to any of the foregoing.  No
amount shall be paid to, and no units shall be granted to Associate to
compensate Associate for a downward fluctuation in the price of the common
shares, nor will any benefit be conferred upon, or in respect of, Associate for
such purpose.

6.             Fractional Shares. 
The Company shall not
be required to issue any fractional shares pursuant to this Award, and the Company
may round fractions down.

7.             Withholding.  Associate shall pay all applicable income,
employment or other taxes (including taxes of any foreign jurisdiction) which
the Company or a Company subsidiary is required to withhold at any time with
respect to the Deferred Shares.  Such
payment shall be made in full, at Associate’s election, in cash or check, by
withholding from the Associate’s next normal payroll check, or by the tender of
Deferred Shares payable under this Award. Deferred Shares tendered as payment
of required withholding shall be valued at the closing price per share of the
Company’s common stock on the date such withholding obligation arises.

9.             Plan Provisions. 
In addition to the
terms and conditions set forth herein, this award of Deferred Shares is subject
to and governed by the terms and conditions set forth in the Plan, which are hereby
incorporated by reference.  Unless the
context otherwise requires, capitalized terms used in this Award and not
otherwise defined herein shall have the meanings set forth in the Plan.  In the event of any conflict between the
provisions of the Award and the Plan, the Plan shall control.

10.           Notice. 
Any
written notice required or permitted by this Award shall be mailed, certified
mail (return receipt requested) or hand-delivered, addressed to Company’s Executive
Vice President — Human Resources at Company’s corporate headquarters in
Atlanta, Georgia as set forth in Section 1(b), or to Associate at Associate’s
most recent home address on record with the Company and its subsidiaries.  Notices are effective upon receipt.

 4
 

11.           Miscellaneous.

(a)           Limitation
of Rights.  The granting
of the award of Deferred Shares shall not give Associate any right to similar
grants in future years or any right to be retained in the employ or service of
the Company and its subsidiaries or to interfere in any way with the right of
the Company and its subsidiaries to terminate Associate’s services at any time
or the right of Associate to terminate his or her services at any time.

(b)           Rights
Unsecured.  The Company
shall remain the owner of all amounts deferred pursuant to this Agreement, and Associate
shall have only Company’s unfunded, unsecured promise to pay.  The rights of Associate hereunder shall be
that of an unsecured general creditor of the Company, and Associate shall not
have any security interest in any assets of the Company.

(c)           Resolution
of Disputes.  Any dispute
or disagreement which may arise under, or as a result of, or in any way relate
to, the interpretation, construction or application of this Award shall be
determined by the Company’s Executive Vice President-Human Resources.  Any determination made hereunder shall be
final, binding and conclusive on the Associate, the Associate’s heirs,
executors, administrators and successors, and the Company and its subsidiaries
for all purposes.

(d)           Limitation
of Actions.  Any lawsuit
with respect to any matter arising out of or relating to this Award must be
filed no later than one (1) year after the date that the Company and its
subsidiaries denies the claim made by Associate or any earlier date that the
claim otherwise accrues.

(e)           Offset.  The Company and its subsidiaries shall
have the right to deduct from amounts otherwise payable under this Award all
amounts owed by Associate to Company and its subsidiaries to the maximum extent
permitted by applicable law.

(f)            Controlling Law. By accepting this
Award, Associate agrees that this Award shall be construed, interpreted and
applied in accordance with the law of the State of Delaware, without giving
effect to the choice of law provisions thereof. 
Associate and the Company hereby irrevocably submit to the exclusive
jurisdiction of the courts of Delaware.  Associate
and the Company also both irrevocably waive, to the fullest extent permitted by
applicable law, any objection either may now or hereafter have to the laying of
venue of any such dispute brought in such court or any defense of inconvenient
forum for the maintenance of such dispute, and both parties agree to accept
service of legal process in Delaware.  By
accepting this award, Associate agrees that the Company may seek enforcement in
a Mexican court of any United States judgement obtained pursuant to this Award
and Associate agrees not to raise any objection to the Company and its
subsidiaries seeking enforcement of said judgement in a Mexican court.

(g)           Severability.  If any term, provision, covenant or
restriction contained in this Award is held by a court or a federal regulatory
agency of competent jurisdiction to be invalid, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions contained 

 5
 

in
this Award shall remain in full force and effect, and shall in no way be
affected, impaired or invalidated.

(h)           Construction.  This Award contains the entire
understanding between the parties and supersedes any prior understanding and
agreements between them representing the subject matter hereof, except that
this Award shall be subject to the terms and conditions set forth in any
employment agreement and non-competition/non-solicitation agreement between Associate
and the Company subsidiary that employs Associate.  There are no representations, agreements,
arrangements or understandings, oral or written, between and among the parties
hereto relating to the subject matter hereof which are not fully expressed
herein.

(i)            Headings.  Section and other headings contained in this
Award are for reference purposes only and are in no way intended to describe,
interpret, define or limit the scope, extent or intent of this Award or any
provision hereof.

*********************************

 

 6Exhibit 10.4

DEFERRED
SHARE AWARD

( [date] Award For           
Deferred Shares)

This
Deferred Share Award is made to [CANADIAN OFFICER] this
       day of                 ,
20     , by THE HOME DEPOT, INC., a Delaware
corporation.

W I T N E
S S E T H:

WHEREAS, the
Company has adopted The Home Depot, Inc. 2005 Omnibus Stock Incentive Plan
which is administered by the Committee; and

WHEREAS, Executive
is an officer and employee of the Company and its subsidiaries eligible to
receive an award of Deferred Shares under the Plan; and

WHEREAS, the Committee conducted its review of Executive’s
performance and compensation and approved equity awards for the Executive at
its               
meeting,

NOW, THEREFORE,
the Committee makes an award of Deferred Shares under the Plan to Executive
pursuant to the following terms and conditions:

1.             Definitions.  As used herein, the following terms shall be
defined as set forth below:

(a)           “Award” means the Deferred Share Award to Executive, as set forth
herein, and as may be amended as provided herein.

(b)           “Board” means the Company’s Board of Directors.

(c)           “Company” means The Home Depot, Inc., a Delaware corporation, with
offices at 2455 Paces Ferry Road, Atlanta, Georgia  30339.

(d)           “Cause” means that Executive has been convicted of a felony
involving theft or moral turpitude, or engaged in conduct that constitutes
willful gross neglect or willful gross misconduct with respect to Executive’s
employment duties which results in material economic harm to the Company or its
subsidiaries; provided, however, that for purposes of determining whether
conduct constitutes willful gross misconduct, no act on Executive’s part shall
be considered “willful” unless it is done by Executive in bad faith and without
reasonable belief that the action was in the best interests of the Company and
its subsidiaries; Cause shall not be deemed to exist for purposes of this Award
unless a determination that Cause exists is made and approved by the Committee
and such determination shall be final and binding upon all parties.

(e)           “Change in
Control” means the occurrence of a change
in control of a nature that would be required to be reported in response to
Item 6(e) of Schedule 14A of Regulation 14A under the Securities Exchange Act
of 1934 (“1934 Act”) as in effect at the time of such change in control,
provided that such a change in control shall be deemed to have occurred at such
time as (i) any “person” (as that term is used in Sections 13(d) and 14(d) (2)
of the 1934 Act), is or

becomes the “beneficial
owner,” directly or indirectly, of securities representing 50% or more of the
combined voting power for election of directors of the then outstanding
securities of the Company or any successor of the Company; (ii) during any
period of two (2) consecutive years or less, individuals who at the beginning
of such period constituted the Board cease, for any reason, to constitute at
least a majority of the Board, unless the election or nomination for election
of each new director was approved by a vote of at least two-thirds of the
directors then still in office who were directors at the beginning of the
period or whose election or nomination for election was so approved; (iii) the
consummation of any merger or consolidation, approved by the stockholders of
the Company, as a result of which the common stock of the Company shall be
changed, converted or exchanged (other than a merger with a wholly owned
subsidiary of the Company) or of any sale or other disposition in one or a
series of related transactions of 50% or more of the assets or earning power of
the Company, or the approval by stockholders of any liquidation of the Company;
or (iv) the consummation of any merger or consolidation, approved by the
stockholders of the Company, to which the Company is a party as a result of
which the persons who were stockholders of the Company immediately prior to the
effective date of the merger or consolidation shall have beneficial ownership
of less than 50% of the combined voting power for election of directors of the
surviving corporation following the effective date of such merger or
consolidation.

(f)            “Committee” means the Leadership Development and Compensation
Committee of the Board.

(g)           “Competitor”
means any company or entity in the home improvement industry engaged in any way
in a business that competes directly or indirectly with the Company, its
parents, subsidiaries, affiliates or related entities, in the United States,
Canada, Puerto Rico, Mexico, China or any other location in which the Company
currently conducts business or may conduct business.  Businesses that compete with the Company in
the home improvement industry specifically include, but are not limited to, the
following entities and each of their subsidiaries, affiliates, assigns,
franchisees, or successors in interest:  [ADD LIST OF COMPETITORS]

(h)           “Deferred
Shares” means the award of the Company’s
common stock to Executive set forth in Section 2.

(i)            “Executive” means [INSERT CANADIAN OFFICER
NAME AND TITLE]

(j)             “Disability” means Executive’s inability to substantially perform Executive’s
duties for the Company and its subsidiaries, with reasonable accommodation, as
evidenced by a certificate signed either by a physician mutually acceptable to
the Company and Executive or, if the Company and Executive cannot agree upon a
physician, by a physician selected by agreement of a physician designated by
the Company and a physician designated by Executive; provided, however, that if
such physicians cannot agree upon a third physician within thirty (30) days, such
third physician shall be designated by the American Arbitration Association.

(k)            “Grant Date” means [INSERT GRANT DATE]

 2
 

(l)             “Plan” means The Home Depot, Inc. 2005 Omnibus Stock Incentive
Plan, as amended from time to time.

(m)          “Retirement”
means termination of employment with the Company and its subsidiaries on or
after Executive’s attainment of age sixty (60) and having at least five (5)
years of continuous service with the Company and its subsidiaries.

2.             Deferred Shares Award.
Company hereby grants to Executive an award of Deferred Shares under the Plan
for                          
(          ) shares of the
$.05 par value common stock of the Company, subject to the conditions set forth
herein.

(a)           Vesting.  The Deferred Shares shall vest and become payable
to Executive [OPTION #1: on the third (3rd) anniversary of the Grant
Date provided that, except as provided in Section 2(c), Executive is employed
by the Company or a subsidiary or other affiliate on the applicable vesting
date] [OPTION #2: upon Executive’s
retirement from the Company and its subsidiaries and affiliates on or after the
earlier of attainment of age 60 or the tenth (10th) anniversary of the grant date].

(b)           Delivery of Shares.  The Company shall
cause a stock certificate representing the vested Deferred Shares to be
transferred to Executive as soon as practicable after the vesting date.  The Company may satisfy its payment
obligation, net of applicable taxes and other source deductions required to be
withheld by the Company, by having an independent broker acquire shares on the
open market on behalf of the Executive.

(c)           Termination of Employment; Change
in Control. Upon termination of Executive’s employment for any reason other
than Retirement before the Deferred Shares have vested, all unvested shares
shall be forfeited. Notwithstanding the foregoing, if (1) Executive’s employment
terminates due to death or Disability, or (2) Executive’s employment is
terminated by the Company in connection with a Change in Control that occurs
while Executive is employed by the Company, any Deferred Shares that have not
yet vested shall immediately vest. The Company shall issue such Deferred Shares
to Executive within ten (10) days after the termination of Executive’s
employment or such later time as may be required by insider trading or other
applicable securities laws. Upon employment termination due to Retirement
before the vesting date specified in Section 2(b), all Deferred Shares that
have not lapsed as of the date of Executive’s Retirement shall continue to vest
according to the vesting schedule set forth in Section 2(a) and the Company
shall issue such Deferred Shares to Executive as soon as practicable after the
Deferred Shares vest; provided, however, that if after reaching Retirement,
Executive becomes, either directly or indirectly, employed with a Competitor,
all unvested Deferred Shares shall be immediately forfeited.

3.             Adjustments for Dividends.  Upon the payment of any cash dividend on
shares of common stock of the Company before the issuance of a stock
certificate representing the Deferred Shares, the number of Deferred Shares
shall be increased by the number obtained by dividing (x) the aggregate amount
of the dividend that would be payable if each Deferred

 3
 

Share were issued
and outstanding and entitled to dividends on the dividend payment date, by (y)
the Fair Market Value of the common stock on the dividend payment date. The
number of Deferred Shares shall also be entitled to such adjustments as are
determined by the Committee under Section 11 of the Plan.

4.             Stockholder Rights. The
Deferred Shares shall not be sold, pledged, assigned, hypothecated, transferred
or disposed of in any manner, whether by the operation of law or otherwise
prior to vesting.  Upon vesting and the
issuance of a stock certificate representing the Deferred Shares, Executive
shall have all of the rights of a stockholder with respect to the Deferred
Shares, including the right to vote the shares and to receive all dividends or
other distributions paid or made available with respect to such shares.  Before the delivery of such stock
certificate, Executive shall have none of the rights of a stockholder with
respect to the Deferred Shares.

5.             Adjustments.   The number of
shares covered by the Deferred Shares and, if applicable, the kind of shares
covered by the Deferred Shares shall be adjusted to reflect any stock dividend,
stock split, or combination of shares of the Company’s Common Stock.  In addition, the Committee may make or
provide for such adjustment in the number of shares covered by the Deferred
Shares, and the kind of shares covered by the Deferred Shares, as the Committee
in its sole discretion may in good faith determine to be equitably required in
order to prevent dilution or enlargement of Executive’s rights that otherwise
would result from (a) any exchange of shares of the Company’s Common Stock,
recapitalization or other change in the capital structure of the Company,
(b) any merger, consolidation, spin-off, spin-out, split-off, split-up,
reorganization, partial or complete liquidation or other distribution of assets
(other than a normal cash dividend), issuance of rights or warrants to purchase
securities, or (c) any other corporate transaction or event having an effect
similar to any of the foregoing.  No
amount shall  be paid to, and no units
shall be granted to Executive to compensate Executive for a downward
fluctuation in the price of the common shares, nor will any benefit be
conferred upon, or in respect of, Executive for such purpose.

6.             Fractional Shares.  The Company shall
not be required to issue any fractional shares pursuant to this Award, and the
Committee may round fractions down.

7.             Withholding.  Executive shall pay all applicable federal,
state and local income and employment taxes (including taxes of any foreign
jurisdiction) which the Company is required to withhold at any time with
respect to the Deferred Shares. Such payment shall be made in full, at
Executive’s election, in cash or check, by withholding from the Executive’s
next normal payroll check, or by the tender of Deferred Shares payable under
this Award. Deferred Shares tendered as payment of required withholding shall
be valued at the closing price per share of the Company’s common stock on the
date such withholding obligation arises.

8.             No Impact on Other Benefits and
Employment. 
This Award shall not confer upon Executive any right with respect to
continuance of employment or other service with the Company and shall not
interfere in any way with any right that the Company would

 4
 

otherwise have to
terminate Executive’s employment at any time, subject to the terms of any
employment agreement.  Nothing herein
contained shall affect Executive’s right to participate in and receive benefits
under and in accordance with the then current provisions of any pension,
insurance or other employment plan or program of the Company or any of its
subsidiaries nor constitute an obligation for continued employment.

9.             Plan Provisions.  In addition to the terms and conditions set
forth herein, this award of Deferred Shares is subject to and governed by the
terms and conditions set forth in the Plan, which is hereby incorporated by
reference.  Unless the context otherwise
requires, capitalized terms used in this Award and not otherwise defined herein
shall have the meanings set forth in the Plan. 
In the event of any conflict between the provisions of the Award and the
Plan, the Plan shall control.

10.           Notice.  Any written notice
required or permitted by this Award shall be mailed, certified mail (return
receipt requested) or hand-delivered, addressed to Company’s Executive Vice
President — Human Resources at Company’s corporate headquarters in Atlanta,
Georgia as set forth in Section 1(c), or to Executive at Executive’s most
recent home address on record with the Company. 
Notices are effective upon receipt.

11.           Miscellaneous.

(a)           Limitation of Rights.  The granting of the award of Deferred Shares
shall not give Executive any right to similar grants in future years or any
right to be retained in the employ or service of the Company or to interfere in
any way with the right of the Company to terminate Executive’s services at any
time or the right of Executive to terminate his or her services at any time.

(b)           Claim and Review Procedures.   The claim and review procedures set forth in
the Home Depot U.S.A., Inc. Deferred Compensation Plan For Officers are
incorporated herein by reference.

(c)           Rights Unsecured.  The Company shall remain the owner of all
amounts deferred pursuant to this Agreement, and Executive shall have only
Company’s unfunded, unsecured promise to pay. 
The rights of Executive hereunder shall be that of an unsecured general
creditor of the Company, and Executive shall not have any security interest in
any assets of the Company.

(d)           Limitation of Actions.  Any lawsuit with respect to any matter
arising out of or relating to this Award must be filed no later than the
earlier of the date that the Company denies the claim made by Executive or any
earlier date that the claim otherwise accrues.

(e)           Offset.  The Company shall have the right
to deduct from amounts otherwise payable under this Award all amounts owed by
Executive to Company and its affiliates to the maximum extent permitted by
applicable law.

 5
 

(f)            Controlling Law. Executive
and the Company agree that in light of the Executive being employed in two
different jurisdictions, for purposes of certainty, it is the parties desire
that this Award shall be construed, interpreted and applied in accordance with
the law of the State of Delaware, without giving effect to the choice of law
provisions thereof.  Executive and the
Company hereby irrevocably submit to the exclusive jurisdiction of the courts
of Delaware.  Executive and the Company
also both irrevocably waive, to the fullest extent permitted by applicable law,
any objection either may now or hereafter have to the laying of venue of any
such dispute brought in such court or any defense of inconvenient forum for the
maintenance of such dispute, and both parties agree to accept service of legal
process in Delaware. Executive agrees that the Company may seek enforcement in
a Canadian court of any United States judgement obtained pursuant to this Award
and Executive agrees not to raise any objection to the Company seeking
enforcement of said judgement in a Canadian court.

(g)           Severability.  If any term, provision, covenant or
restriction contained in the Award is held by a court or a federal regulatory
agency of competent jurisdiction to be invalid, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions contained in the
Award shall remain in full force and effect, and shall in no way be affected,
impaired or invalidated.

(h)           Construction.  The Award contains the entire understanding
between the parties and supersedes any prior understanding and agreements
between them representing the subject matter hereof, except that this Award
shall be subject to the terms and conditions set forth in any employment
agreement and non-competition/non-solicitation agreement between Executive and
Company.  There are no representations,
agreements, arrangements or understandings, oral or written, between and among
the parties hereto relating to the subject matter hereof which are not fully
expressed herein.

(i)            Headings.  Section and other headings contained in the
Award are for reference purposes only and are in no way intended to describe,
interpret, define or limit the scope, extent or intent of the Award or any
provision hereof.

****************************************

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]