Document:

exv10wxby

 

Exhibit 10(b)

AMENDMENT TO THE NORWEST CORPORATION

DIRECTORS’ FORMULA STOCK AWARD PLAN

      The Norwest Corporation Directors’ Formula Stock Award Plan (the “Plan”)
is amended effective January 1, 2004 as follows:

      1.     Section 8 of the Plan is amended by the addition of the following
sentence after the first sentence to read in full as follows:

      ” Notwithstanding the foregoing, a participant, while still a member of
the Board, may elect one time to defer commencement of distribution of a
Deferred Stock Account until March 1 of any year so long as the new
distribution commencement date (i.e., March 1 of the year so elected) is at
least 36 months beyond the original March 1 distribution commencement date. To
be effective, the election must be made by the participant at least 12 months
prior to the original March 1 distribution commencement date.”

      2.     Section 9 of the Plan is amended by the addition of the following
sentence after the first sentence to read in full as follows:

      ” Notwithstanding the foregoing, a participant, while still a member of
the Board, may elect one time to defer commencement of distribution of a
Deferred Stock Account until March 1 of any year so long as the new
distribution commencement date (i.e., March 1 of the year so elected) is at
least 36 months beyond the original March 1 distribution commencement date. To
be effective, the election must be made by the participant at least 12 months
prior to the original March 1 distribution commencement date.”

      3.     The Plan is amended by the addition of new Section 19 to read in full
as follows:

               19.     Severability. If any provision of the Plan is determined to be
illegal or invalid (in whole or in part) for any reason, or if legislative,
Internal Revenue Service, Department of Labor, court or other action could in
the opinion of the Plan Administrator cause a provision to be interpreted so as
to cause participants in the Plan to be in constructive receipt of amounts in
their Deferred Stock Accounts for U.S. federal income tax purposes, the Plan
shall be construed and enforced as if the provision had not been included in
the Plan.exv10wxcy

 

Exhibit 10(c)

AMENDMENT TO THE NORWEST CORPORATION

DIRECTORS’ STOCK DEFERRAL PLAN

      The Norwest Corporation Directors’ Stock Deferral Plan (the “Plan”) is
amended effective January 1, 2004 as follows:

      1.     Section 8 of the Plan is amended by the addition of the following
sentence after the second sentence to read in full as follows:

      ” In addition, notwithstanding his or her election pursuant to Section 3,
a participant, while still a member of the Board, may elect one time to defer
commencement of payment of a Deferred Stock Account or Deferred Cash Account
until March 1 of any year so long as the new payment commencement date (i.e.,
March 1 of the year so elected) is at least 36 months beyond the original March
1 payment commencement date. To be effective, the election must be made by the
participant at least 12 months prior to the original March 1 payment
commencement date.”

      2.     Section 9 of the Plan is amended by the addition of the following
sentence after the first sentence to read in full as follows:

      ” Notwithstanding such election, a participant, while still a member of
the Board, may elect one time to defer commencement of payment of a Deferred
Stock Account or Deferred Cash Account until March 1 of any year so long as the
new payment commencement date (i.e., March of the year so elected) is at least
36 months beyond the original March 1 payment commencement date. To be
effective, the election must be made by the participant at least 12 months
prior to the original March 1 payment commencement date.”

      3.     The Plan is amended by the addition of new Section 23 to read in full
as follows:

               23.     Severability. If any provision of the Plan is determined to be
illegal or invalid (in whole or in part) for any reason, or if legislative,
Internal Revenue Service, Department of Labor, court or other action could in
the opinion of the Plan Administrator cause a provision to be interpreted so as
to cause participants in the Plan to be in constructive receipt of amounts in
their Deferred Stock Accounts and Deferred Cash Accounts for U.S. federal
income tax purposes, the Plan shall be construed and enforced as if the
provision had not been included in the Plan.exv10wxdy

 

Exhibit 10(d)

AMENDMENT TO THE WELLS FARGO & COMPANY

DEFERRAL PLAN FOR DIRECTORS

      The Wells Fargo & Company Deferral Plan for Directors (the “Plan”) is
amended effective January 1, 2004 as follows:

      1.     Paragraph III.D. of the Plan is amended to read in full as follows:

      “The designations shall be made at the same time as the deferral election
pursuant to paragraph III and shall be irrevocable with respect to the year in
question except as provided in paragraph V.B.”

      2.     The last sentence of paragraph V. B. of the Plan is amended to read in
full as follows:

      “The designations shall be made at the same time as the deferral election
pursuant to paragraph III and shall be irrevocable with respect to the year in
question except that a participant may while still a member of the Board, elect
one time to defer commencement of the payment until January 1 of any year so
long as the new payment commencement date (i.e., the January 1 of the year so
elected) is at least 36 months beyond the original January 1 payment
commencement date. To be effective, the election must be made by the
participant at least 12 months prior to the original January 1 payment
commencement date. A new payment commencement date election shall not change
the form of payment (lump sum or installments) originally elected by the
participant.”

      3.     The Plan is amended by the addition of new paragraph VI. (E) to read in
full as follows:

      (E)   If any provision of the Plan is determined to be illegal or invalid
(in whole or in part) for any reason, or if legislative, Internal Revenue
Service, Department of Labor, court or other action could in the opinion of the
Plan Administrator cause a provision to be interpreted so as to cause
participants in the Plan to be in constructive receipt of amounts in their
sub-accounts for U.S. federal income tax purposes, the Plan shall be construed
and enforced as if the provision had not been included in the Plan.exv10wxey

 

Exhibit 10(e)

AMENDMENT TO THE WELLS FARGO & COMPANY

DIRECTORS STOCK COMPENSATION AND DEFERRAL PLAN

      The Wells Fargo & Company Directors Stock Compensation and Deferral Plan
(the “Plan”) is amended effective January 1, 2004 as follows:

      1.     Article II. of the Plan is amended by deleting the words “Stock Option
Gains” from the definitions of Deferred Stock Account and Eligible Compensation
and by deleting the definition of Stock Option Gain without replacement.

      2.     Article IV. C. of the Plan is deleted in its entirety without
replacement.

      3.     The second sentence in Article VI. A. of the Plan is amended to read in
full as follows:

      “A Deferral Election, once made, will be irrevocable except as provided
for in Article VI. E. of the Plan with respect to the time distributions will
commence, and will apply to the Deferral Year for which it was made.”

      4.     Article VI. B. 3. of the Plan is deleted in its entirety without
replacement and the remaining subsection are renumbered accordingly.

      5.     Article VI. C. 2. of the Plan is deleted in its entirety without
replacement and the remaining subsections are renumbered accordingly.

      6.     The second sentence of Article VI. D. 1. of the Plan is deleted in its
entirety without replacement.

      7.     The first sentence of Article VI. D. 3. of the Plan is amended to read
in full as follows:

      “Any Cash Compensation, Formula Stock Awards or Retirement Conversion
Amounts that are deferred into the Deferred Stock Account will receive a credit
to the Deferred Stock Account on the date the Cash Compensation, Formula Stock
Award or Retirement Conversion Amount would have otherwise been paid or
realized.”

      8.     Article VI. E. 1. of the Plan is amended to read in full as follows:

               1.     Distribution from the Deferred Cash Account.     A Deferral Participant’s
Deferred Cash Account will be distributed in cash. Distributions will be made
in a lump sum or in up to 10 annual installments, as specified in the Deferral
Participant’s Deferral Election, as of: i) March 1 of the first calendar year
following

 

 

termination of the Deferral Participant’s service as a Non-Employee Director,
or ii) March 1 of any other year elected by the Deferral Participant which
begins at least 12 months following the year in which the deferred compensation
would otherwise have been received, or iii) July 1 of the calendar year in
which the Deferral Participant’s service as a Non-Employee Director terminates
if such termination occurs on or before June 30; provided, however, that if
July 1 installments are elected, subsequent annual installments shall be
payable as of March 1 of each year thereafter. The amount of each installment
distribution will be equal to the total amount of the account divided by the
number of installments remaining to be made, including the current installment.
Notwithstanding the foregoing, a Deferral Participant, while still a member of
the Board, may elect one time to defer commencement of distribution of a
Deferred Cash Account until March 1 of any year so long as the new distribution
commencement date (i.e., March 1 of the year so elected) is at least 36 months
beyond the original March 1 distribution commencement date or 44 months beyond
the original July 1 distribution commencement date, as applicable. To be
effective, the election must be made by the Deferral Participant at least 12
months prior to the original March 1 or July 1 distribution commencement date,
as applicable. A new distribution commencement election shall not change the
form of distribution (lump sum or installments) originally elected by the
Deferral Participant.

      9     Article VI. E. 2. of the Plan is amended to read in full as follows:

               2.     Distribution from the Deferred Stock Account.     A Deferral Participant’s
Deferred Stock Account will be distributed in whole shares of Common Stock.
Distributions will be made in a lump sum or in up to 10 annual installments as
specified in the Deferral Participant’s Deferral Election, as of: i) March 1
of the first calendar year following termination of the Deferral Participant’s
service as a Non-Employee Director, or ii) March 1 of any other year elected by
the Deferral Participant which begins at least 12 months following the year in
which the deferred compensation would otherwise have been received, or iii)
July 1 of the calendar year in which the Deferral Participant’s service as a
Non-Employee Director terminates if such termination occurs on or before June
30; provided, however, that if July 1 installments are elected, subsequent
annual installments shall be payable as of March 1 of each year thereafter.
The amount of each installment distribution will be equal to the total amount
of the account divided by the number of installments remaining to be made,
including the current installment, rounded up to the nearest whole share and
the whole number of shares so distributed shall be deducted from the total
amount of the account. The final distribution will be rounded up to the
nearest whole share. Notwithstanding the foregoing, a Deferral Participant,
while still a member of the Board, may elect one time to defer commencement of
distribution of a Deferred Stock Account until March 1 of any year so long as
the new distribution commencement date (i.e., March 1 of the year so elected)
is at least 36 months beyond the original March 1 distribution commencement
date or 44 months beyond the original July 1 distribution commencement date, as
applicable. To be effective, the election must be made by the Deferral
Participant at least 12 months prior to the original March 1 or July 1
distribution commencement date, as

 

 

applicable. A new distribution commencement election shall not change the form
of distribution (lump sum or installments) originally elected by the Deferral
Participant.

      10.     The last sentence of Article VI. E. 4. of the Plan is amended by
deleting the words “Deferred Formula Stock Award Account and Deferred Stock
Option Gain Account” without replacement.

      11.     Article XI. of the Plan is amended by the addition of new Section C.
to read in full as follows:

               C.      Severability.  If any provision of the Plan is determined to be illegal
or invalid (in whole or in part) for any reason, or if legislative, Internal
Revenue Service, Department of Labor, court or other action could in the
opinion of the Plan Administrator cause a provision to be interpreted so as to
cause Participants in the Plan to be in constructive receipt of amounts in
their Deferred Cash or Stock Accounts for U.S. federal income tax purposes, the
Plan shall be construed and enforced as if the provision had not been included
in the Plan.

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