Document:

AMENDMENT #1 TO HOME DEPOT 2005M OMNIBUS STOCK INCENTIVE

 Exhibit 10.6 
 AMENDMENT NO. 1 
 (Effective November 16, 2006)

 THE HOME DEPOT, INC. 
 2005 OMNIBUS STOCK INCENTIVE PLAN 
 and 
 THE HOME DEPOT, INC. 
 1997 OMNIBUS STOCK INCENTIVE PLAN 
 WHEREAS, The Home Depot, Inc. (the “Company”) adopted The Home Depot,
Inc. 2005 Omnibus Stock Incentive Plan, which was approved by the Company’s shareholders effective May 25, 2005 (the “2005 Plan”); and 
 WHEREAS, the Company’s 1997 Omnibus Stock Incentive Plan (the “1997 Plan”) terminated upon shareholder approval of the 2005 Plan and while no new awards will be issued, there are previously
issued awards still outstanding under the 1997 Plan; and 
 WHEREAS, at its meeting on November 16, 2006, the Leadership
Development and Compensation Committee of The Home Depot, Inc. Board of Directors adopted a resolution to amend the anti-dilution provisions of the 1997 Plan and the 2005 Plan and directed the Company’s Executive Vice President-Human Resources
to execute this amendment to the plans on the Company’s behalf, 
 NOW, THEREFORE, BE IT: 
 RESOLVED, that Section 11 of the 1997 Plan and Section 11 of the 2005 Plan are amended, effective November 16, 2006, and
shall apply to all awards issued under the plans regardless of when issued, to read as follows: 
 11.
Adjustments. In the event of any stock dividend, stock split, spinoff, rights offering, extraordinary cash dividend, combination or exchange of Shares, recapitalization or other change in the capital structure of the Company constituting an
“equity restructuring” within the meaning of Statement of Financial Accounting Standards No. 123R (“FAS 123R”), the Committee shall make or provide for equitable adjustments in the (a) number of Shares covered by
outstanding Options, Stock Appreciation Rights, Deferred Shares, Restricted Shares and Performance Shares granted hereunder, (b) prices per share applicable to such Options and Stock Appreciation Rights, and (c) kind of shares covered
thereby (including shares of another issuer). The Committee in its sole discretion and in good faith may determine the form of the adjustment required to prevent dilution or enlargement of the rights of Participants. In the event of any merger,
consolidation or any other corporate transaction or event having a similar effect that is not an “equity restructuring” within the meantime of FAS 123R, the Committee in its sole discretion may provide in substitution for any or all
outstanding Awards under this Plan 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 all Awards so replaced. The Committee shall also
make or provide for such adjustments in each of the limitations specified in Section 3 as the Committee in its sole discretion may in good faith determine to be appropriate in order to reflect any transaction or event described in this
Section 11. 
 In all other respects, the 1997 Plan and the 2005 Plan are hereby confirmed and ratified in their entirety.

  

			
	 THE HOME DEPOT, INC.

		
	 By:
	 	/s/ Dennis M. Donovan
		 	 
		 	Dennis M. Donovan
		 	Executive Vice President-Human Resources
	
	 Date Signed:  2/13/07

 *** *** *** *** *** *** *** *** *** *** ***MARVIN R. ELLISON EMPLOYMENT ARRANGEMENT

 Exhibit 10.35 
  

					
	
 

	  	 2455 Paces Ferry Road, N.W. · Atlanta, GA 30339-4024
 (770) 384-3635 · Fax: (770) 384-3264
	  	

 Frank Blake 
 Chairman & Chief Executive Officer 
 August 27, 2008 
 Mr. Marvin R. Ellison 
 4269 Bristlecone
Drive 
 Marietta, GA 30064 
 Dear
Marvin: 
 I am pleased to confirm The Home Depot, Inc.’s (“Home Depot” or the “Company”) offer and your acceptance of a
promotion to Executive Vice President—Stores, effective August 25, 2008, reporting directly to me. Your new base annual salary will be $625,000, payable in equal bi-weekly installments. Your next salary review will be held in April of
2009. 
 In addition to your base salary, you will continue to participate in the Management Incentive Program (MIP) for officers, which
provides an incentive target of up to 100% of your based salary, based upon achieving established goals. The second-half financial FY2008 MIP will be the higher of (a) the second-half financial MIP for the Northern
Division President or (b) the sum of the pro-rated second-half financial MIPs for the Northern Division President and the Executive Vice President Stores based on the time you spent in each position
during the second half of FY2008. The second-half financial MIPs are based on the second-half Northern Division goals set in August 2008 and the U.S. Retail goals set in March 2008. There will be no change to the FY2008
non-financial portion of MIP. To be eligible for payment of any incentive, you must be employed on the day on which the incentive is paid. 
 At
the next meeting of the Leadership Development and Compensation Committee of The Home Depot, Inc. Board of Directors following the effective date of your promotion, you will receive a grant under the 2005 Omnibus Stock Incentive Plan of the greatest
number of whole shares of restricted Home Depot common stock resulting from dividing $250,000 by the closing stock price on the grant date with 50% of shares vesting after 30 months and the remaining 50% of shares vesting after 60 months. Once these
provisions lapse, the shares will be yours, free and clear of restrictions, subject to the applicable provisions of the plan and award document. You will also receive a grant of nonqualified stock options under the 2005 Omnibus Stock Incentive Plan
equal to the greatest number of whole shares of the Company’s common stock resulting from dividing $500,000 by the grant date accounting cost, with an exercise price equal to the closing stock price on the grant date. Twenty-five percent of the
stock options will become exercisable on the second, third, fourth and fifth anniversaries of the grant date. Expiration of all stock options will be the earlier of ten years from the grant date or termination of employment, or any earlier time
provided by your award document. 

 Mr. Marvin R. Ellison 
 August 27, 2008 
 Page 2 
 In addition to the standard benefits package for salaried associates, as an officer of the Company, you will continue to receive a death benefit only insurance policy and will continue to be eligible for
participation in the Company’s executive life insurance and leased car programs. You are also eligible to continue participation in the Supplemental Executive Choice Program, which provides you with an annual supplemental benefit allowance.
Under this program you will receive an annual supplemental benefit allowance of $35,000. You will receive a pro-rated SECP benefit allowance for the remainder of the 2008 calendar year. You can use this annual allowance to purchase additional
disability or life insurance benefits, personal excess liability insurance, or you can use it to reimburse yourself for financial services or health care expenses not covered under our standard health plans. 
 You agree that you shall not, without the prior express written consent of the Executive Vice President—Human Resources of the Company, engage in or
have any financial or other interests in, or render any service in any capacity to any competitor or supplier of the Company or its parents, subsidiaries, affiliates, or related entities during the course of your employment with the Company.
Notwithstanding the foregoing, you shall not be restricted from owning securities of corporations listed on a national securities exchange or regularly traded by national securities dealers, provided that such investment does not exceed 1% of the
market value of the outstanding securities of such corporation. 
 In the event your employment with Home Depot is terminated for any reason,
you agree not to disclose any proprietary or confidential information of Home Depot, its parents, subsidiaries, affiliates or related entities to any future employer or third party or to take any such information, regardless of whether the
information is in printed, written, or electronic form. 
 By accepting this offer you acknowledge that you will be exposed to Company materials
which are proprietary and confidential in nature and/or which constitute trade secrets, and, further, that you will receive training in the Company’s various merchandising, operations, financial, and/or other business processes. You further
acknowledge that such proprietary and confidential information, including trade secrets and other business processes, are utilized by the Company throughout the entire United States and in other locations in which it conducts business. Consequently,
you agree that you will not, for a period of twenty-four (24) months subsequent to your termination from the Company, regardless of the reason for the termination, enter into or maintain an employment or contractual relationship, either
directly or indirectly, to provide executive or managerial services in the same or similar manner as you did for the Company to any company or entity engaged in any way in a business that competes with Home Depot, its parents,
subsidiaries, affiliates or related entities (collectively referred to as the “Company”), in the United States, Canada, Puerto Rico, Mexico, China, or any other location in which the Company conducts business prior to your termination
date, without the prior written consent of the Executive Vice President—Human Resources of the Company. 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: 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); RONA
Inc.; B&Q; OBI; Homemart; Orient Home; Menard, Inc.; Ace Hardware; True Value Company; and Wal-Mart. 
 You agree that you will not, for a
period of thirty-six (36) months subsequent to your termination from Home Depot, regardless of the reason for the termination, directly or indirectly solicit or encourage any person who is an employee of the Company to terminate his or her
relationship with the Company, or refer any such employee to anyone, without prior written approval from the Executive Vice President—Human Resources of the Company. 

 Mr. Marvin R. Ellison 
 August 27, 2008 
 Page 3 
 This letter should not be construed, nor is it intended to be a contract of employment for a specified period of time, and the Company reserves the right to terminate your employment with or without cause
at any time. This letter supersedes any prior employment agreement or understandings, written or oral between you and the Company and contains the entire understanding of the Company and you with respect to the subject matter hereof. 
 This letter 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 letter 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. 
 We are excited about the opportunities that your leadership will bring to this role. Enclosed are
duplicate originals of this letter. Please countersign one original and return it to us. The other original is for you. 
  

	
	 Sincerely,

	
	 /s/ Frank Blake

	 
	 Frank Blake

	 Chairman & Chief Executive Officer

  

			
	 pc:
	  	Tim Crow
		  	 Tim Hourigan

 I accept this promotion to Executive Vice President—Stores pursuant to the foregoing terms and conditions: 
  

					
	 /s/ Marvin R. Ellison
	 		  	8/29/08
	 	 		  	 
	 Mr. Marvin R. Ellison
	 		  	Date Signed

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