Document:

EXHIBIT
10.7

THE HOME DEPOT, INC.

2005 OMNIBUS STOCK INCENTIVE PLAN

PERFORMANCE SHARE
AWARD

THIS PERFORMANCE SHARE AWARD is
made to                                       
on this the            
day of                         ,
          (“Grant Date”) by THE
HOME DEPOT, INC., a Delaware corporation, with corporate headquarters located
at 2455 Paces Ferry Road, Atlanta, Georgia 
30339.

The
Company recognizes the value of your service as a key employee of the Company
and its subsidiaries and has granted you this performance share award under the
Plan, subject to the following terms and conditions.  Capitalized terms shall have the meanings set
forth in Section 13.

1.             Award.
Subject to the conditions set forth herein, the Company hereby grants to you,
as of the Grant Date specified above, a Target Award of               
Performance Shares and a Maximum Award of              
Performance Shares, which may be earned in accordance with Section 2.

2.             Performance Vesting.  Subject to Sections 4, 5 and 6, the Company
shall deliver to you one share of Common Stock for each whole Performance Share
that is earned in accordance with the following schedule, based on the percentile
ranking of the Company’s TSR for the Performance Period relative to the TSR of
the S&P 500 for the Performance Period:

	
  Company’s Relative

  	
   

  	
  Percentage of Target Award

  	
   

  
	
  TSR Percentile Ranking

  	
   

  	
  Performance Shares Earned

  	
   

  
	
  Below Threshold:

  	
  Below 40th

  	
   

  	
  0

  	
  %

  
	
  Threshold:

  	
  40th

  	
   

  	
  50

  	
  %

  
	
  Target:

  	
  50th

  	
   

  	
  100

  	
  %

  
	
  Maximum:

  	
  100th

  	
   

  	
  300

  	
  %

  

 

If the Company’s relative
TSR ranking is between the percentile rankings listed above, the percentage of
the Target Award shall be interpolated, as set forth on Schedule A.  The percentile ranking is the percentage of
S&P 500 companies with TSR for the Performance that is less than or equal
to the Company’s TSR.  If the Company’s
TSR is the same as another company’s TSR, the Company shall be treated as
having the higher TSR.  The percentile ranking
shall be rounded to the nearest whole percentage, with (.50) rounded up.

3.             Delivery
of Shares.  The number of
shares of Common Stock that you earn under Section 2 will be delivered to you as
soon as administratively practicable after the end of the Performance Period.  Before such delivery, the Committee shall certify
in writing the number of Performance Shares that you have earned.  No fractional shares will be delivered pursuant
to this Award and fractional shares shall be rounded down.

4.             Employment
Termination.  Except as
provided in Section 5, if your employment with the Company and its subsidiaries
terminates before the end of the Performance Period, this Performance Share
Award shall be forfeited on the date of such termination.

5.             Death,
Disability or Retirement.  If your employment with the Company and its subsidiaries
terminates during the Performance Period, because of your death, Disability or retirement,
in each case at or after Retirement Eligibility, you will be entitled to all of
the Performance Shares earned in accordance with Section 2, determined at the
end of the Performance Period. If your employment with the Company and its subsidiaries
terminates during the Performance Period due to your death or Disability before
Retirement Eligibility, you will be entitled to a prorated portion of the
Performance Shares earned in accordance with Section 2, determined at the end
of the Performance Period and based on the ratio of the 

number of days you
are employed during the Performance Period to the total number of days in the
Performance Period.  Any payments due on your
death shall be paid to your estate as soon as administratively practicable
after the end of the Performance Period. 
 [OPTIONAL: Notwithstanding the foregoing, the Award shall be
forfeited on the date of your Discharge for Cause during the Performance
Period, or upon your violation of any of the confidentiality, non-competition
or non-solicitation provisions of Sections 10 and 11.]

6. [OPTIONAL:  Change in
Control.  Unless
previously forfeited, the Award shall vest upon the occurrence of a Change in
Control in that number of Performance Shares determined as follows: (i) the
number of Performance Shares that would have been earned under Section 2
treating the date of the Change in Control as the last day of the Performance
Period and prorating the Award based on the ratio of the number of days during
the Performance Period before the Change in Control to the total number of days
in the Performance Period absent such Change in Control; plus (ii) the number
of Performance Shares representing the Target Award and prorating the Target Award
based on the ratio of the number of days during the Performance Period after
the Change in Control to the total number of days in the Performance Period
absent such Change in Control.   As soon
as administratively practicable after the date of the Change in Control, the
Company shall deliver to you one share of Common Stock for each such vested
Performance Shares, which payment shall be in lieu of any payment under Section
2.]

7.             Transferability.  The Performance Shares shall not be
sold, pledged, assigned, hypothecated, transferred or disposed of in any
manner, whether by the operation of law or otherwise.  Any attempted transfer of the Performance Shares
prohibited by this Section 7 shall be null and void.

8.             Adjustments.
 The Performance Shares shall be subject
to adjustment or substitution in accordance with Section 11 of the Plan.

9.             Withholding.
 You are responsible for 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 Performance Shares to satisfy its minimum statutory
withholding requirements.  Such payment
shall be made in full at your election, in cash or check, by withholding from your
next normal payroll check, or by the tender of shares of Common Stock payable
under this Award.  Shares of Common Stock
tendered as payment of required withholding shall be valued at the closing
price per share of Common Stock on the date such withholding obligation arises.

10.           [OPTIONAL:  Confidential
Information.  You acknowledge that through your employment with the
Company that you have acquired and had access to the Company’s confidential and
proprietary business information and trade secrets.  You agree that the Company may prevent the
use or disclosure of its confidential information and proprietary business
information and trade secrets and acknowledges that the Company has taken all
reasonable steps necessary to protect the secrecy of the information. You agree
that you have not and in the future will not use or disclose to any third party
Confidential Information, unless compelled by law and after notice to the
Company.]

11.           [OPTIONAL
(NON-LEGAL):  Non-Competition and
Non-Solicitation.  You
agree that you will not, while you are employed by the Company or any of its
subsidiaries, and for a period of 24 months subsequent to the termination of
such employment, enter into or maintain an employment or contractual
relationship, either directly or indirectly, to provide services to a
Competitor of substantially the same nature as you provided to the Company or
its subsidiaries.  In the event you wish
to enter into any relationship or employment before the end of the
above-referenced 24 month period which would be covered by the above
non-compete provision, you agree to request written permission from the Company’s
Executive Vice President, Human Resources before entering any such relationship
or employment. The Company may approve or not approve of the relationship or
employment at its absolute discretion. You agree that while you are employed by
the Company or any of its subsidiaries, and for a period of 36 months 

 2
 

subsequent to the
termination of your employment, you will not directly or indirectly solicit any
person who is an employee of the Company to terminate his or her relationship
with the Company without prior written approval from the Company’s Executive
Vice President, Human Resources.]

11.           [OPTIONAL
(LEGAL):   Non-Competition and Non-Solicitation.  The Company shall not limit your rights to be
employed by or engaged in any business or other activities except as
specifically set forth herein. You acknowledge that during your employment with
the Company, you have had access to and acquired the Company’s privileged and
Confidential Information on a very wide range of issues and subject matter of
concern to the Company, and that it would
be impossible for you to provide legal services or advice to a Competitor on
the great majority of subjects without creating a conflict of interest with
respect to the Company as your former client by using, relying on or disclosing
this Confidential Information in violation of your ethical obligations referred
to above.  You agree that given these circumstances it is
reasonable that while you are employed by the Company or any of its
subsidiaries, and for 24 months subsequent
to the termination of your employment, you will not provide legal services or
advice, either directly or indirectly, to any Competitor without the
prior written consent of the Company,
regardless of whether the services are provided through a direct employment or
contractual relationship with a Competitor or through a law firm,
consulting firm, or any other entity that provides legal services or advice to
a Competitor of the Company. Nothing in this subsection shall prohibit you from
working for a law firm, consulting firm, or any other entity that represents or
advises a Competitor so long as you personally provide no services or advice to
such competitor, or to other persons working within that entity with respect to
such Competitor, before the end of the above-referenced 24 month period.   In the event you wish to enter into any
relationship or employment before the end of the above-referenced 24 month
period  which would be covered by the
above non-compete and/or non-disclosure or conflict of interest provisions, you
agree to request written consent and a waiver of the aforementioned conflict of
interest from the Company’s General Counsel before entering any such
relationship or employment. The Company may consent or not consent to the
relationship or employment at its absolute discretion.  Alternatively, in the event that you believe
that such new relationship or employment, despite being with or for a
Competitor, is not with respect to any matter that is substantially related to
any work done for the Company and therefore does not implicate the conflict of
interest provisions, or otherwise does not present a situation in which you would
use Confidential Information in such a way as to benefit a person other than
the Company, you agree to inform the Company’s General Counsel of the basis for
that conclusion and to request the Company’s agreement.  The Company may reasonably request further
information, but will not unreasonably withhold its agreement to such a request
by you.  You further agree that while you
are employed by the Company or any of its subsidiaries, and for a period of 36
months subsequent to the termination of your employment, you will not directly
or indirectly solicit any person who is an employee of the Company to terminate
his or her relationship with the Company without prior written approval from
the Company’s Executive Vice President, Human Resources.]

12.           Miscellaneous

(a)           Disclaimer of Rights.  Nothing contained herein shall constitute an
obligation for continued employment.

(b)           Rights Unsecured.  You shall have only the Company’s unfunded,
unsecured promise to pay pursuant to the terms of this Award.  Your rights shall be that of an unsecured
general creditor of the Company and you shall not have any security interest in
any assets of the Company.

(c)           Adjustment 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 earned Award, the number of performance shares
shall be increased by the number obtained by dividing (x) the aggregate amount
of the dividend that would be payable if each performance share were issued and
outstanding and entitled to dividends on the dividend payment date, by (y) the
closing stock price of the common stock on the dividend

 3
 

payment date. The
number of performance shares shall also be entitled to such adjustments as are
determined by the Committee under Section 11 of the Plan.]

(b)           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 earlier of the date the claim arises
or the date the Company provides you notice of denial of your claim.

(c)           Offset.  The Company may deduct from amounts
otherwise payable under this Award all amounts owed by you to the Company and
its affiliates to the maximum extent permitted by applicable law.

(d)           Terms
of Plan.  The Award is
subject to the terms and conditions set forth in the Plan, which are
incorporated into and shall be deemed to be a part of this Award, without
regard to whether such terms and conditions (including, for example, provisions
relating to certain changes in capitalization of the Company) are otherwise set
forth in this Award. In the event that there is any inconsistency between the
provisions of this Award and of the Plan, the provisions of the Plan shall
govern.

(e)           Severability.  If any term, provision, covenant or
restriction contained herein 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 herein shall
remain in full force and effect, and shall in no way be affected, impaired or
invalidated.

(f)            Controlling Law.  The 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. 
You agree to irrevocably submit
any dispute arising out of or relating to this Award to the exclusive
concurrent jurisdiction of the state and federal courts located in
Delaware.  You also irrevocably waive, to
the fullest extent permitted by applicable law, any objection you 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
you agree to accept service of legal process from the courts of Delaware.

(g)           Code
Section 409A Compliance. 
To the extent applicable, it is intended that this Award and the Plan not
be subject to or otherwise comply with the provisions of Code Section 409A, so
that the income inclusion provisions of Code Section 409A(a)(1) do not apply.
This Award and the Plan shall be interpreted and administered in a manner
consistent with this intent, and any provision that would cause the Award or
the Plan to fail to satisfy Code Section 409A shall have no force and effect
until amended to comply with Code Section 409A (which amendment may be
retroactive to the extent permitted by Code Section 409A and may be made by the
Company without your consent).

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

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

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

(c)           [OPTIONAL:  “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

 4
 

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)           “Code” means
the Internal Revenue Code of 1986, as amended.

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

(f)            “Common Stock” means the Company’s $.05
par value common stock.

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

(g)           [OPTIONAL:  “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, its parents, subsidiaries,
affiliates or related entities conduct business before your employment
termination date; businesses that compete with the Company specifically
include, but are not limited to, the following entities and each of their
subsidiaries, affiliates, assigns, or successors in interest: [INSERT LIST OF COMPETITORS HERE] .]

(h)           [OPTIONAL:   “Confidential Information” shall
include any data or information that is valuable to the Company and not
generally known to competitors of the Company or other outsiders, regardless of
whether the confidential information is in printed, written or electronic form,
retained in your memory or has been compiled or created by you, including but
is not limited to technical, financial, personnel, staffing, payroll, computer
systems, marketing, advertising, merchandising, product, vendor, customer or
store planning data, trade secrets, or other information similar to the
foregoing.]

(i)            [OPTIONAL:   “Discharge
for Cause” means the involuntary termination of your employment
with the Company and its subsidiaries or a successor entity because of an event
involving moral turpitude or dishonesty, a gross failure or negligence on your
part in performing your expected duties, a violation of the Company’s substance
abuse or compliance policies, or willful misconduct or action by you that is
damaging or detrimental to the Company. 
A determination by the Company that a termination is a Discharge for
Cause will be conclusive and binding.]

(h)           “Disability” means your inability to
substantially perform your employment duties with the Company and its
Subsidiaries, with reasonable accommodation, as evidenced by a certificate
signed either 

 5
 

by a physician mutually acceptable to you and the
Company or, if we cannot agree upon a physician, by a physician selected by
agreement of a physician designated by the Company and a physician designated
by you; 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.

(i)            “Grant
Date”  means the date this Award is made
to you, as set forth on the first page the Award.

(j)            “Maximum Award” means that maximum number
of Performance Shares awarded to you as set forth in Section 2, representing
Three Hundred Percent (300%) of the Target Award.

(k)           “Performance Period” means the Company’s
three (3) consecutive fiscal years commencing with the fiscal year beginning                               .

(l)            “Performance Share”  means
a bookkeeping entry that records the equivalent of one share of Common Stock.

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

(n)           “Retirement Eligibility” means attainment
of age 60 and completion of at least five (5) years of continuous service with
the Company and its subsidiaries.

(o)           “S&P 500” means the companies
constituting the Standard & Poor’s 500 Index as of the beginning and end of
the Performance Period (including the Company) and which continue to be
actively traded under the same ticker symbol on an established securities
market through the end of the Performance Period.

(p)           “Target Award” means that number of
Performance Shares specified as such in Section 2.

(q)           “Total Shareholder Return”
or “TSR”
means with respect to the Company or other S&P 500 company: (i) the change
in the average closing market price of its common stock (as quoted in the
principal market on which it is traded over the 20 trading days immediately
preceding the beginning and end of the Performance Period) plus dividends and
other distributions paid, divided by (ii) the average closing market price
over the 20 trading days immediately preceding the beginning of the Performance
Period, all of which is adjusted for any changes in equity structure, including
but not limited to stock splits and stock dividends, and assuming that all cash
dividends and cash distributions are immediately reinvested in common stock of
the entity using the closing market price on the dividend payment date.

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

 6EXHIBIT 10.8

Mexico Template

THE HOME DEPOT, INC.

2005 OMNIBUS STOCK INCENTIVE PLAN

PERFORMANCE SHARE
AWARD

THIS PERFORMANCE SHARE AWARD is
made to                     
on this the        day of                  ,
                
(“Grant Date”) by THE HOME DEPOT, INC., a Delaware corporation, with corporate
headquarters located at 2455 Paces Ferry Road, Atlanta, Georgia  30339.

The
Company recognizes the value of your service as a key employee of Asociados
Home Depot, S.A. de C.V. and has granted you this performance share award under
the Plan, subject to the following terms and conditions.  Capitalized terms shall have the meanings set
forth in Section 13.

You
hereby acknowledge that the relationship between the Company and you as a
consequence of the Plan is different and apart from your employment
relationship with Asociados Home Depot, S.A. de C.V.  Being an employee of Asociados Home Depot,
S.A. de C.V. makes you eligible to participate in the Plan but it does not
commit Asociados Home Depot, S.A. de C.V. to provide any particular benefit
under the Plan.

1.             Award.
Subject to the conditions set forth herein, the Company hereby grants to you,
as of the Grant Date specified above, a Target Award of                 
Performance Shares and a Maximum Award of                
Performance Shares, which may be earned in accordance with Section 2.

2.             Performance Vesting.  Subject to Sections 4, 5 and 6, the Company
shall deliver to you one share of Common Stock for each whole Performance Share
that is earned in accordance with the following schedule, based on the percentile
ranking of the Company’s TSR for the Performance Period relative to the TSR of
the S&P 500 for the Performance Period:

	
  Company’s Relative

  TSR Percentile Ranking

  	
   

  	
  Percentage of Target Award

  Performance Shares Earned

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Below Threshold:

  	
   

  	
  Below 40th

  	
   

  	
  0

  	
  %

  
	
  Threshold:

  	
   

  	
  40th

  	
   

  	
  50

  	
  %

  
	
  Target:

  	
   

  	
  50th

  	
   

  	
  100

  	
  %

  
	
  Maximum:

  	
   

  	
  100th

  	
   

  	
  300

  	
  %

  

 

If the Company’s relative
TSR ranking is between the percentile rankings listed above, the percentage of
the Target Award shall be interpolated, as set forth on Schedule A.  The percentile ranking is the percentage of
S&P 500 companies with TSR for the Performance that is less than or equal
to the Company’s TSR.  If the Company’s
TSR is the same as another company’s TSR, the Company shall be treated as
having the higher TSR.  The percentile ranking
shall be rounded to the nearest whole percentage, with (.50) rounded up.

3.             Delivery
of Shares.  The number of
shares of Common Stock that you earn under Section 2 will be delivered to you as
soon as administratively practicable after the end of the Performance Period.  Before such delivery, the Committee shall
certify in writing the number of Performance Shares that you have earned.  No fractional shares will be delivered pursuant
to this Award and fractional shares shall be rounded down.

4.             Employment
Termination.  Except as
provided in Section 5, if your employment with Asociados Home Depot, S.A. de
C.V. or its affiliates terminates before the end of the Performance Period,
this Performance Share Award shall be forfeited on the date of such
termination.

 

5.             Death,
Disability or Retirement.  If your employment with Asociados Home Depot,
S.A. de C.V. or its affiliates terminates during the Performance Period, because
of your death, Disability or retirement, in each case at or after Retirement
Eligibility, you will be entitled to all of the Performance Shares earned in
accordance with Section 2, determined at the end of the Performance Period. If your
employment with Asociados Home Depot, S.A. de C.V. or its affiliates terminates
during the Performance Period due to your death or Disability before Retirement
Eligibility, you will be entitled to a prorated portion of the Performance
Shares earned in accordance with Section 2, determined at the end of the
Performance Period and based on the ratio of the number of days you are employed
during the Performance Period to the total number of days in the Performance
Period.  Any payments due on your death
shall be paid to your estate as soon as administratively practicable after the
end of the Performance Period. [OPTIONAL:
Notwithstanding the foregoing, the Award shall be forfeited on the date of your
Discharge for Cause during the Performance Period, or upon your violation of
any of the confidentiality, non-competition or non-solicitation provisions of
Sections 10 and 11.]

6. [OPTIONAL:  Change in
Control.  Unless
previously forfeited, the Award shall vest upon the occurrence of a Change in
Control in that number of Performance Shares determined as follows: (i) the
number of Performance Shares that would have been earned under Section 2
treating the date of the Change in Control as the last day of the Performance
Period and prorating the Award based on the ratio of the number of days during
the Performance Period before the Change in Control to the total number of days
in the Performance Period absent such Change in Control; plus (ii) the number
of Performance Shares representing the Target Award and prorating the Target Award
based on the ratio of the number of days during the Performance Period after
the Change in Control to the total number of days in the Performance Period
absent such Change in Control.   As soon
as administratively practicable after the date of the Change in Control, the
Company shall deliver to you one share of Common Stock for each such vested
Performance Shares, which payment shall be in lieu of any payment under Section
2.]

7.             Transferability.  The Performance Shares shall not be
sold, pledged, assigned, hypothecated, transferred or disposed of in any
manner, whether by the operation of law or otherwise.  Any attempted transfer of the Performance Shares
prohibited by this Section 7 shall be null and void.

8.             Adjustments.
 The Performance Shares shall be subject
to adjustment or substitution in accordance with Section 11 of the Plan.

9.             Withholding.
 You are responsible for 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 Performance Shares to satisfy its minimum statutory
withholding requirements.  Such payment
shall be made in full at your election, in cash or check, by withholding from your
next normal payroll check, or by the tender of shares of Common Stock payable
under this Award.  Shares of Common Stock
tendered as payment of required withholding shall be valued at the closing
price per share of Common Stock on the date such withholding obligation arises.

10.           [OPTIONAL:  Confidential
Information.  You acknowledge that through your employment with Asociados
Home Depot, S.A. de C.V. or its affiliates that
you have acquired and had access to the Company’s confidential and proprietary
business information and trade secrets.  You
agree that the Company may prevent the use or disclosure of its confidential
information and proprietary business information and trade secrets and
acknowledges that the Company has taken all reasonable steps necessary to
protect the secrecy of the information. You agree that you have not and in the
future will not use or disclose to any third party Confidential Information,
unless compelled by law and after notice to the Company.]

11.           [OPTIONAL
(NON-LEGAL):  Non-Competition
and Non-Solicitation.  In consideration for this Award, you agree
that you will not, while you are employed by Asociados Home Depot, S.A. de C.V.

 2
 

or its affiliates,
and for a period of 24 months subsequent to the termination of such employment,
enter into or maintain an employment or contractual relationship, either
directly or indirectly, to provide services to a Competitor of substantially
the same nature as you provided to the Company or its subsidiaries.  In the event you wish to enter into any
relationship or employment before the end of the above-referenced 24 month
period which would be covered by the above non—compete provision, you agree to
request written permission from the Company’s Executive Vice President, Human
Resources before entering any such relationship or employment. The Company may
approve or not approve of the relationship or employment at its absolute
discretion. You agree that while you are employed by the Company or any of its
subsidiaries, and for a period of 36 months subsequent to the termination of
your employment, you will not directly or indirectly solicit any person who is
an employee of the Company to terminate his or her relationship with the
Company without prior written approval from the Company’s Executive Vice
President, Human Resources.]

11.           [OPTIONAL
(LEGAL):   Non-Competition and Non-Solicitation.  The Company shall not limit your rights to be
employed by or engaged in any business or other activities except as
specifically set forth herein. You acknowledge that during your employment with
Asociados Home Depot, S.A. de C.V. or its affiliates, you have had access to
and acquired the Company’s privileged and Confidential Information on a very
wide range of issues and subject matter of concern to the Company, and that it would be impossible for you to
provide legal services or advice to a Competitor on the great majority of
subjects without creating a conflict of interest with respect to the Company as
your former client by using, relying on or disclosing this Confidential
Information in violation of your ethical obligations referred to above.  You agree
that given these circumstances, and in consideration for this Award, it is
reasonable that while you are employed by Asociados Home Depot, S.A. de
C.V. or its affiliates, and for 24 months
subsequent to the termination of your employment, you will not provide legal
services or advice, either directly or indirectly, to any Competitor without
the prior written consent of the Company,
regardless of whether the services are provided through a direct employment or
contractual relationship with a Competitor or through a law firm,
consulting firm, or any other entity that provides legal services or advice to
a Competitor of the Company. Nothing in this subsection shall prohibit you from
working for a law firm, consulting firm, or any other entity that represents or
advises a Competitor so long as you personally provide no services or advice to
such competitor, or to other persons working within that entity with respect to
such Competitor, before the end of the above-referenced 24 month period.   In the event you wish to enter into any
relationship or employment before the end of the above-referenced 24 month
period  which would be covered by the
above non-compete and/or non-disclosure or conflict of interest provisions, you
agree to request written consent and a waiver of the aforementioned conflict of
interest from the Company’s General Counsel before entering any such
relationship or employment. The Company may consent or not consent to the
relationship or employment at its absolute discretion.  Alternatively, in the event that you believe
that such new relationship or employment, despite being with or for a
Competitor, is not with respect to any matter that is substantially related to
any work done for the Company and therefore does not implicate the conflict of
interest provisions, or otherwise does not present a situation in which you
would use Confidential Information in such a way as to benefit a person other
than the Company, you agree to inform the Company’s General Counsel of the
basis for that conclusion and to request the Company’s agreement.  The Company may reasonably request further
information, but will not unreasonably withhold its agreement to such a request
by you.  You further agree that while you
are employed by Asociados Home Depot, S.A. de C.V. or its affiliates, and for a
period of 36 months subsequent to the termination of your employment, you will
not directly or indirectly solicit any person who is an employee of the Company
and its subsidiaries to terminate his or her relationship with the Company
without prior written approval from the Company’s Executive Vice President,
Human Resources.]

 3
 

 

12.           Miscellaneous

(a)           Disclaimer of Rights.  Nothing contained herein shall constitute an
obligation for continued employment.

(b)           Rights Unsecured.  You shall have only the Company’s unfunded,
unsecured promise to pay pursuant to the terms of this Award.  Your rights shall be that of an unsecured
general creditor of the Company and you shall not have any security interest in
any assets of the Company.

(c)           Adjustment 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 earned Award, the number of performance shares
shall be increased by the number obtained by dividing (x) the aggregate amount
of the dividend that would be payable if each performance share were issued and
outstanding and entitled to dividends on the dividend payment date, by (y) the
closing stock price of the common stock on the dividend payment date. The
number of performance shares shall also be entitled to such adjustments as are
determined by the Committee under Section 11 of the Plan.]

(b)           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 earlier of the date the claim arises
or the date the Company provides you notice of denial of your claim.

(c)           Offset.  The Company may deduct from amounts
otherwise payable under this Award all amounts owed by you to the Company and
its affiliates to the maximum extent permitted by applicable law.

(d)           Terms
of Plan.  The Award is
subject to the terms and conditions set forth in the Plan, which are
incorporated into and shall be deemed to be a part of this Award, without
regard to whether such terms and conditions (including, for example, provisions
relating to certain changes in capitalization of the Company) are otherwise set
forth in this Award. In the event that there is any inconsistency between the
provisions of this Award and of the Plan, the provisions of the Plan shall
govern.

(e)           Severability.  If any term, provision, covenant or
restriction contained herein 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 herein shall
remain in full force and effect, and shall in no way be affected, impaired or
invalidated.

(f)            Controlling Law.  The 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. 
You agree to irrevocably submit
any dispute arising out of or relating to this Award to the exclusive
concurrent jurisdiction of the state and federal courts located in
Delaware.  You also irrevocably waive, to
the fullest extent permitted by applicable law, any objection you 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
you agree to accept service of legal process from the courts of Delaware.

(g)           Code Section 409A Compliance.  To the extent applicable, it is intended that
this Award and the Plan not be subject to or otherwise comply with the provisions of Code Section 409A, so that
the income inclusion provisions of Code Section 409A(a)(1) do not apply. This
Award and the Plan shall be interpreted and administered in a manner consistent
with this intent, and any provision that would cause the Award or the Plan to
fail to satisfy Code Section 409A shall have no force and effect until amended
to 

 4
 

comply with Code Section 409A (which amendment may be retroactive to
the extent permitted by Code Section 409A and may be made by the Company
without your consent).

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

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

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

(c)           [OPTIONAL:  “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)           “Code” means
the Internal Revenue Code of 1986, as amended.

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

(f)            “Common Stock” means the Company’s $.05
par value common stock.

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

(g)           [OPTIONAL:  “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, its parents, subsidiaries,
affiliates or related entities conduct business before your employment
termination date; businesses that compete with the Company specifically
include, but are not limited to, the following entities and each of their
subsidiaries, affiliates, assigns, or successors in interest: [INSERT LIST OF COMPETITORS HERE] .]

 5
 

 

(h)           [OPTIONAL:   “Confidential Information” shall include
any data or information that is valuable to the Company and not generally known
to competitors of the Company or other outsiders, regardless of whether the
confidential information is in printed, written or electronic form, retained in
your memory or has been compiled or created by you, including but is not
limited to technical, financial, personnel, staffing, payroll, computer
systems, marketing, advertising, merchandising, product, vendor, customer or
store planning data, trade secrets, or other information similar to the
foregoing.]

(i)            [OPTIONAL:   “Discharge
for Cause” means the involuntary termination of your employment
with Asociados Home Depot, S.A. de C.V. or its affiliates or a successor entity
because of an event involving moral turpitude or dishonesty, a gross failure or
negligence on your part in performing your expected duties, a violation of the
Company’s or its affiliates substance abuse or compliance policies, or willful
misconduct or action by you that is damaging or detrimental to the Company or
its affiliates.  A determination by the
Company that a termination is a Discharge for Cause will be conclusive and
binding regardless of any action you may file challenging such a Discharge.]

(h)           “Disability” means your inability to
substantially perform your employment duties with Asociados Home Depot, S.A. de
C.V. or its affiliates, with reasonable accommodation, as evidenced by a
certificate signed either by a physician mutually acceptable to you and the
Company or, if we cannot agree upon a physician, by a physician selected by
agreement of a physician designated by the Company and a physician designated
by you; 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.

(i)            “Grant
Date”  means the date this Award is made
to you, as set forth on the first page the Award.

(j)            “Maximum Award” means that maximum number
of Performance Shares awarded to you as set forth in Section 2, representing
Three Hundred Percent (300%) of the Target Award.

(k)           “Performance Period” means the Company’s
three (3) consecutive fiscal years commencing with the fiscal year beginning                     .

(l)            “Performance Share”  means
a bookkeeping entry that records the equivalent of one share of Common Stock.

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

(n)           “Retirement Eligibility” means attainment
of age 60 and completion of at least five (5) years of continuous service with
the Company and its subsidiaries.

(o)           “S&P 500” means the companies
constituting the Standard & Poor’s 500 Index as of the beginning and end of
the Performance Period (including the Company) and which continue to be
actively traded under the same ticker symbol on an established securities
market through the end of the Performance Period.

 6
 

 

(p)           “Target Award” means that number of
Performance Shares specified as such in Section 2.

(q)           “Total Shareholder Return”
or “TSR”
means with respect to the Company or other S&P 500 company: (i) the change
in the average closing market price of its common stock (as quoted in the
principal market on which it is traded over the 20 trading days immediately
preceding the beginning and end of the Performance Period) plus dividends and
other distributions paid, divided by (ii) the average closing market price
over the 20 trading days immediately preceding the beginning of the Performance
Period, all of which is adjusted for any changes in equity structure, including
but not limited to stock splits and stock dividends, and assuming that all cash
dividends and cash distributions are immediately reinvested in common stock of
the entity using the closing market price on the dividend payment date.

	
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  ASSOCIATE
  SIGNATURE

  

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