Document:

The Home Depot, Inc. Form of Nonqualified Stock Option

 Exhibit 10.2 
 [OFFICER] 
 THE HOME DEPOT, INC. 
 NONQUALIFIED STOCK OPTION 
  

							
	GRANTED TO: <NAME>	 	 GRANT DATE: <GRANT
 DATE>
	 	 NUMBER OF SHARES OF THE
 HOME DEPOT, INC. COMMON
 STOCK: <OPTIONS GRANTED>
	 	 OPTION PRICE
 PER SHARE: <OPTION
PRICE>

	Social Security #: <SSN>	 	 EXP. DATE: <EXPIRATION
 DATE>
	 	 	

 THIS NONQUALIFIED STOCK OPTION IS GRANTED by The Home Depot, Inc. a Delaware corporation
(“Company”), to you, an employee of the Company or one of its subsidiaries, pursuant to the terms and conditions of the Company’s 2005 Omnibus Stock Incentive Plan, as amended (“Plan”), a summary of which has been delivered
to you. The terms of the Plan are incorporated herein by this reference. The Company recognizes the value of your continued service as a key employee and has awarded you this nonqualified stock option under the Plan, subject to the following terms
and conditions: 
 1. The Company hereby grants you on and as of the date specified above (“Grant Date”) a nonqualified stock option
(“Option”), subject to the terms and conditions hereof and of the Plan, to purchase from the Company the above-stated number of shares of the Company’s Common Stock, $.05 par value, at the price per share stated above (“Option
Price”), which Option shall expire on the expiration date stated above (“Exp. Date”), unless it expires earlier in accordance with the terms hereof. 
 2. The Option shall be exercisable, pursuant to the terms of the Plan. The Option shall become exercisable in installments, as follows: Twenty-five percent (25%) of the total number of shares subject to this Option shall become
exercisable on each of the second, third, fourth and fifth anniversaries of the Grant Date. 
 3. Upon the termination of your employment (for any
reason other than Retirement, death or permanent and total disability or Discharge for Cause) or if your employment status changes to a position which the Company deems to be ineligible for this nonqualified stock option award, Option shares that
have not become exercisable as of the date of such event shall immediately lapse. Option shares that are exercisable as of the date of termination of employment will lapse unless exercised within a period of three (3) months of the date of
termination of employment. Upon the termination of your employment upon Retirement, all stock options that are not exercisable as of the date of your Retirement shall continue to vest according to the schedule set forth in Paragraph 2 and all stock
options shall remain exercisable until the Exp. Date; provided, however, that if after reaching Retirement you become directly or indirectly employed by a Competitor, all unvested options shall immediately lapse. “Retirement” means
employment termination upon attainment of age 60 with at least five (5) years of continuous service with the Company and its subsidiaries. “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. Upon your death or the termination of your employment by reason of permanent and total disability, all Option shares shall immediately become fully
exercisable as of the date of death or termination and shall lapse unless exercised within a period of one (1) year from the date of death or termination. In no event shall the above time periods extend beyond the Exp. Date. In the event of
Discharge for Cause, all Option shares, whether presently exercisable or not, shall immediately lapse and become null and void on and as of the date of termination. “Discharge for Cause” means the termination from employment 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 policies, or a 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. 
 4. All unvested
options shall vest immediately upon a Change of Control and shall remain exercisable until the Exp. Date. For purposes of this paragraph 4, “Change in Control” means 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 20% 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 of Directors of the Company cease, for any reason, to constitute at least a majority of the Board of Directors, 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; (iii) the stockholders of the Company approve any merger or consolidation 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 any liquidation of the Company or any sale or other disposition of 50% or more of the assets or earning power of the Company; or (iv) the stockholders of the
Company approve any merger or consolidation 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 55% of the combined voting power for election of directors of the surviving corporation following the effective date of such merger or consolidation. 
 5. The exercisable portion of the Option may be exercised in whole or in part but in no event with respect to a fractional share from time to time until the Exp. Date. Exercise shall be by notice of exercise to the Company, specifying the
number of shares to be purchased, the Option Price of each share and the aggregate Option Price for all shares being purchased under said notice. The notice shall be accompanied by payment of the aggregate Option Price for the number of shares
purchased and any applicable withholding taxes. Such exercise (subject to Paragraph 6 hereof) shall be effective upon the actual receipt of such payment and notice to the Company. The aggregate Option Price for all shares purchased pursuant to an
exercise of the Option shall be paid by check payable to the order of the Company, shares of Common Stock of the Company held by you for at least six (6) months, the fair market value of which at the time of such exercise is equal to the
aggregate Option Price (or portion thereof to be paid with previously owned Common Stock). Payment of the Option Price in shares of Common Stock shall be made by delivering properly endorsed stock certificates to the Company or otherwise causing
such Common Stock to be transferred to the account of the Company, either physically or through attestation. In addition, the aggregate Option Price for all shares purchased pursuant to an exercise of the Option may be paid from the proceeds of sale
through a bank or broker on the date of exercise of some or all of the shares to which the exercise relates. There shall be furnished with each notice of the exercise of any portion of the Option such documents as the Company in its discretion may
deem necessary to assure compliance with applicable rules and regulations of any stock exchange or governmental authority. No rights or privileges of a stockholder of the Company in respect to such shares issuable upon the exercise of any part of
the Option shall accrue to you unless and until certificates representing such shares have been registered in your name. 

 6. The Option shall not be exercised in whole or in part and no related share certificates shall be delivered in the sole
discretion of the Company: (a) if such exercise or delivery would constitute a violation of any provision of, or any regulation or order entered pursuant to, any law purporting to regulate wages, salaries or compensation; or (b) if any
requisite approval, consent, registration or other qualification of any stock exchange upon which the securities of the Company may then be listed, the Securities and Exchange Commission or other governmental authority having jurisdiction over the
exercise of the Option or the issuance of shares pursuant thereto, shall not have been secured. 
 7. Except as otherwise provided in the Plan, the Option
shall not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner, other than by will or under the laws of descent and distribution, whether by the operation of law or otherwise. An option may be exercised, during your
lifetime, only by you or your legal representative. Upon any attempt to do anything prohibited by this paragraph, the Option shall immediately become null and void. 
 8. Nothing herein contained shall constitute an obligation for continued employment. 
  

			
	THE HOME DEPOT, INC.
	
	  

	By:	 	Robert L. Nardelli
		 	Chairman, President and
		 	Chief Executive OfficerThe Home Depot, Inc. Form of LTIP Performance Unit Award

 Exhibit 10.3 
 LONG-TERM INCENTIVE PROGRAM 
 PERFORMANCE UNIT AWARD 
 (200__— 200__ Performance Period) 
 This
Performance Unit Award is made to NAME on this the _____ day of _______, 200____, 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 is eligible to receive
Performance Unit Awards under the Plan; and 
 WHEREAS, the Committee approved Executive as an LTIP participant for the 200__-200__
Performance Period; and 
 WHEREAS, the LTIP is the vehicle for establishing Performance Objectives for Performance Unit Awards under
the Plan; and 
 WHEREAS, to comply with the terms of the Plan and to further the interests of the Company and Executive, the Company
herein sets forth the terms of such award as follows: 
 1. Definitions. As used herein, the following terms shall be defined as
set forth below. 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. 
 (a) “Average EPS Growth” means the average increase in the Company’s EPS over the Performance Period, determined by averaging the
percentage increase in EPS for each fiscal year in the Performance Period. The Committee shall certify Average EPS Growth as soon as practicable after the end of the Performance Period. 
 (b) “Award” means the Performance Unit Award to Executive as set forth herein, and as may be amended as provided herein. 
 (c) “Beginning EPS” means EPS for the fiscal year immediately preceding the Performance Period. 
 (d) “Board” means the Company’s Board of Directors. 
 (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 offices at 2455
Paces Ferry Road, Atlanta, Georgia 30339. 
 (h) “Disability” means Executive’s inability to substantially perform his
employment duties with the Company, 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. 
 (i) “Ending EPS” means EPS for last fiscal year of the Performance
Period. 
 (j) “EPS” means, for a fiscal year, the Company’s diluted earnings per share of Common Stock, as set
forth in the Company’s Annual Report on Form 10-K for such fiscal year as filed with the Securities and Exchange Commission. 
 (k)
“Executive” means ____________, the Company’s __________. 
 (l) “LTIP” means the Company’s
Long-Term Incentive Program that is the vehicle for establishing Performance Objectives for Performance Unit Awards under the Plan. 
 (m)
“Maximum Award” means that maximum number of Performance Units awarded to Executive as set forth in Section 2, representing _________ Percent (_____%) of the Target Award. 
 (n) “Performance Period” means the Company’s three (3) consecutive fiscal years commencing with the fiscal year beginning
_____________. 
 (o) “Performance Unit” means a bookkeeping entry that records a unit equal to $1.00 granted pursuant to
this Award and that is payable solely in cash. 
 (p) “Plan” means The Home Depot, Inc. 2005 Omnibus Stock Incentive Plan, as
amended from time to time. 
 (q) “Retirement” means Executive’s termination of employment with the Company and its
Subsidiaries on or after attainment of age 60 and completion of at least five (5) years of continuous service. 
 (r) “Target
Award” means that number of Performance Units awarded to Executive as set forth in Section 2, representing _______ Percent (_____%) of Executive’s base salary in effect on the last day of the Company’s fiscal year immediately
preceding the Performance Period divided by One Dollar ($1.00). 
 2. Performance Unit Award. Subject to the conditions set
forth herein, Company grants to Executive a Target Award of _________ (            ) 

 
Performance Units under the Plan, and a Maximum Award of ________ (            )
Performance Units, earned in accordance with Section 3. 
 3. Determination of Units Earned. Subject to Section 5, and
provided that Ending EPS is greater than Beginning EPS, the Company shall deliver to Executive One Dollar ($1.00) for each whole Performance Unit that is earned in accordance with the following schedule. No Performance Units shall be earned, and
this Award shall be forfeited and cancelled effective as of the last day of the Performance Period, if Ending EPS is less than the Beginning EPS. 
  

			
	 Average EPS Growth
	  	 Percentage of Target Award
 Performance Units Earned

		
	Below Threshold: Below ____%	  	____%
	 Threshold: ___ %
	  	____%
	 Target: ___%
	  	____%
	 Maximum: ___% or above
	  	____%

 The percentage of Target Award Performance Units earned between threshold and target and target and maximum
Average EPS Growth is based on interpolation, as set forth on Schedule A. 
 4. Payment. The amount
determined under Section 3 will be paid to Executive in cash as soon as administratively practicable after the end of the Performance Period. 
 5. Termination of Employment. Except as provided in Section 6, if Executive’s employment with the Company and its Subsidiaries terminates before the end of the Performance Period, this Performance Unit Award shall be
forfeited on the date of such termination. 
 6. Retirement, Death or Disability. If Executive’s employment with the
Company and its Subsidiaries terminates during the final fiscal year in the Performance Period because of Executive’s Retirement, death or Disability, Executive shall be entitled to a prorated portion of the Performance Units earned in
accordance with Section 3, determined at the end of the Performance Period and based on the ratio of the number of complete months Executive is employed during the Performance Period to the total number of months in the Performance Period. Any
payments due on Executive’s death shall be paid to his estate as soon as administratively practicable after the end of the Performance Period. 
 7. Transferability. The Performance Units 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
Units prohibited by this Section 7 shall be null and void. 

 8. Adjustments. The Committee may make or provide for such adjustment in the Performance
Units 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 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. Moreover, in the event of any such transaction or event, the
Committee may provide in substitution for the Performance Units such alternative consideration as it may in good faith determine to be equitable under the circumstances and may require in connection therewith the surrender of the Performance Units
so replaced. 
 9. Withholding. The Company shall have the right to withhold from payments made to Executive pursuant to this
Award, or to withhold from other compensation payable to Executive, 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 Units. 
 10. 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 otherwise have to terminate Executive’s employment at any time. 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. 
 11. Plan Provisions. In addition to the terms and
conditions set forth herein, this Award 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 this Award and the Plan, the Plan shall control. 

 12. Miscellaneous. 
 (a) Limitation of Rights. This Award shall not give Executive any rights 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) Rights Unsecured. Executive shall have only the Company’s unfunded, unsecured promise to pay pursuant to the terms of this Award.
Executive’s rights 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. 
 (c) 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 denies the claim made by Executive or any earlier date that the claim otherwise accrues. 
 (d)
Offset. Company may 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. 
 (e) Controlling Law. This Award shall be governed by, and construed in accordance with, the laws of the State of Georgia (without giving effect to
the choice of law principles) and any action arising out of or related thereto shall be brought in either the United States District Court for the Northern District of Georgia, Atlanta Division, or the Superior Court of Cobb County, Georgia.

 (f) 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. 
 (g) Construction. The Award contains the entire understanding between the parties and supersedes any prior
understanding and agreements between them representing the subject matter hereof. 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. 

 (h) 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. 
 The
undersigned, Chairman, President and Chief Executive Officer of The Home Depot, Inc., has executed this Award at the direction of the Leadership Development and Compensation Committee of the Board of Directors on ________, 200___ effective for the
200___-200__ Performance Period. 
  

			
	THE HOME DEPOT, INC.
		
	By:	 	  
		 	 Chairman, President & CEO

 WHEN AWARD IS MADE TO CEO: 
 The undersigned, Chair of the Leadership Development and Compensation Committee of the Board of Directors of The Home Depot, Inc., has executed this
Award at the direction of the independent members of the Board of Directors on _______, 200___ effective for the 200___-200___ Performance Period. 
  

			
	 LEADERSHIP DEVELOPMENT AND
 COMPENSATION COMMITTEE OF THE
 BOARD OF DIRECTORS OF THE HOME DEPOT, INC.

		
	By:	 	  
		 	 Committee Chair

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