Document:

Whirlpool Corporation Executive Deferred Savings Plan II

 Exhibit 10(iii)(y) 
 Whirlpool Corporation 
 Executive Deferred Savings Plan II 
 (As Amended and Restated Effective January 1, 2009) 

 Contents 
  

					
		  	  Article 1. Establishment and Purpose	  	1
			
	1.1	  	Establishment	  	1
	1.2	  	Purpose	  	1
			
		  	  Article 2. Definitions	  	1
			
	2.1	  	Definitions	  	1
	2.2	  	Gender and Number	  	3
			
		  	  Article 3. Eligibility for Participation	  	3
			
	3.1	  	Eligibility	  	3
			
		  	  Article 4. U.S. Participant Election to Defer	  	3
			
	4.1	  	Base Salary or Short-Term Incentive Compensation Deferral Amount	  	3
	4.2	  	Deferral of Long-Term Incentive Compensation	  	3
	4.3	  	Time and Form of Payment	  	4
	4.4	  	Cancellation or Changes to Deferral or Payment Elections	  	5
	4.5	  	Cash-Out of Small Account Balances	  	5
	4.6	  	Distributions on Account of Death or Disability	  	6
	4.7	  	Delay of Payment	  	6
			
		  	  Article 5. Non-U.S. Participant Deferral	  	7
			
	5.1	  	Base Salary or Short-Term Incentive Compensation Deferral Amount	  	7
	5.2	  	Long-Term Incentive Compensation Deferral Amount	  	7
	5.3	  	Deferral Period	  	7
	5.4	  	Manner of Payment	  	7
			
		  	  Article 6. Deferred Accounts	  	7
			
	6.1	  	Participant Account(s)	  	7
	6.2	  	Deemed Investment of Accounts	  	7
	6.3	  	Charges Against Accounts	  	8
	6.4	  	Contractual Obligation	  	8
	6.5	  	Unsecured Interest	  	8
			
		  	  Article 7. Payment of Deferred Amounts	  	8
			
	7.1	  	Payment of Deferred Amounts	  	8
	7.2	  	Payment due to Unforeseeable Emergency	  	8
			
		  	  Article 8. Beneficiary	  	9
			
	8.1	  	Beneficiary	  	9
			
		  	  Article 9. Rights of Employees, Participants	  	9
			
	9.1	  	Employment	  	9
	9.2	  	Nontransferability	  	9

  

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		  	  Article 10. Administration	  	10
			
	10.1	  	Administration	  	10
	10.2	  	Conflicting Terms	  	10
			
		  	  Article 11. Claims Procedure	  	10
			
	11.1	  	Claims Procedure	  	10
			
		  	  Article 12. Amendment and Termination of the Plan	  	11
			
	12.1	  	Amendment	  	11
	12.2	  	Termination	  	11
			
		  	  Article 13. Change in Control	  	12
			
	13.1	  	In General	  	12
			
		  	  Article 14. Requirements of Law	  	12
			
	14.1	  	Requirements of Law	  	12
	14.2	  	Section 409A Compliance	  	12
	14.3	  	Governing Law	  	13
			
		  	  Article 15. Employment, State, Local and Foreign Taxes	  	13
			
	15.1	  	Withholding	  	13
	15.2	  	Acceleration of Payment	  	13
			
		  	  Article 16. Effective Date of the Plan	  	14
			
	16.1	  	Effective Date	  	14
			
		  	  Article A-1. Purpose, Eligibility and Effective Date	  	A-1
			
	A-1.1	  	Purpose	  	A-1
	A-1.2	  	Effective Date	  	A-1
	A-1.3	  	Eligibility	  	A-1
	A-1.4	  	Participation	  	A-1
			
		  	  Article A-2. Definitions	  	A-1
			
	A-2.1	  	Definitions	  	A-1
			
		  	  Article A-3. Participant Deferral Elections and Contribution Credits	  	A-3
			
	A-3.1	  	Participant Elections to Defer	  	A-3
	A-3.2	  	Participant Contribution Credits	  	A-3
			
		  	  Article A-4. Employer Matching Contribution Credits	  	A-3
			
	A-4.1	  	Employer Matching Contribution Credits	  	A-3
	A-4.2	  	Timing of Employer Matching Contribution Credits	  	A-4
	A-4.3	  	Special Rule Regarding 2007 Deemed Matching Contribution Credits	  	A-4
			
		  	  Article A-5. Automatic Company Contribution Credits	  	A-4
			
	A-5.1	  	Automatic Company Contribution Credits	  	A-4
	A-5.2	  	Timing of Automatic Company Contribution Credits	  	A-5

  

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		  	  Article A-6. Accounts; Vesting; Earnings and Losses	  	A-5
			
	 A-6.1
	  	Restoration Accounts	  	A-5
	A-6.2	  	Participant Contribution Credit Subaccount	  	A-5
	A-6.3	  	Automatic Company Contribution Credit Subaccount	  	A-5
	A-6.4	  	Employer Matching Contribution Credit Subaccount	  	A-5
	A-6.5	  	Vesting of Contribution Credits	  	A-5
	A-6.6	  	Investment Options	  	A-5
	A-6.7	  	Adjustment of Restoration Accounts	  	A-6
			
		  	  Article A-7. Distributions	  	A-6
			
	 A-7.1
	  	Distribution of Benefits	  	A-6
			
		  	  Article A-8. Amendment or Termination	  	A-6
			
	 A-8.1
	  	Amendment and Termination	  	A-6

  

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 Article 1. Establishment and Purpose 
 1.1 Establishment 
 Whirlpool Corporation (a Delaware corporation hereinafter referred to as the “Company”)
established this nonqualified deferred compensation plan for executives as described herein, known as THE WHIRLPOOL EXECUTIVE DEFERRED SAVINGS PLAN II (hereinafter called the “Plan”) effective January 1, 2005. This Plan is applicable
to deferrals of salary and incentives earned on and after January 1, 2005, and amounts deferred under The Executive Deferred Savings Plan, effective September 1, 1990, as amended (the “Grandfathered Plan”), that were not vested
as of December 31, 2004. The Plan is hereby amended and restated effective January 1, 2009 to make changes to the Plan as required or permitted by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”),
and applicable guidance issued thereunder. 
 1.2 Purpose 
 The purpose of this Plan is to provide a means whereby Participants may elect to defer receipt of the following forms of compensation payable by the Company, subject to Committee approval: (i) Base Salary, (ii) Short-Term
Incentive Compensation, and (iii) Long-Term Incentive Compensation. 
 Article 2. Definitions 
 2.1 Definitions 
 Whenever used herein, the following terms shall have
the meaning set forth below: 
  

	(a)	“Base Salary” means an Employee’s permanent wages; salaries; shift premiums; overtime; sales commissions; vacation and holiday pay; and paid leave for jury
duty, bereavement leave and military duty. 

  

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

  

	(c)	“Change in Control” means an event that would constitute a change in ownership or effective control of the Company, or a change in the ownership of a substantial
portion of the assets of the Company, within the meaning of Section 409A. 

  

	(d)	“Committee” means the Human Resources Committee of the Board empowered to take actions as stated in this Plan. 

  

	(e)	“Company” means Whirlpool Corporation, a Delaware corporation. 

  

	(f)	 “Disability” or “Disabled” means the Participant is, by reason of any medically determinable physical or mental impairment that
can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health
plan covering employees of the Company. The Participant will be deemed to be Disabled if he or she is determined to be totally disabled by 

  

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the Social Security Administration or if he or she is determined to be disabled in accordance with the Company’s (or Subsidiary’s, if applicable)
disability insurance program, provided that the definition of disability applied under such disability insurance program complies with the foregoing definition of Disability. 

  

	(g)	“Employee” means a regular salaried employee (including executives and directors who are also employees) of the Company or its Subsidiaries, or any branch or
division thereof. 

  

	(h)	“Long-Term Incentive Compensation” means such long-term incentives as the Committee may approve from time to time, including long-term incentive compensation that
may qualify as performance-based compensation, as described in Section 409A. 

  

	(i)	“Non-U.S. Participant” means any Participant who is subject to taxation by a country other than the United States of America (“U.S.”) and who is not
subject to taxation by the U.S. Government. 

  

	(j)	“Participant” means an Employee who is designated by the Committee to participate in this Plan or who becomes a Participant under Supplement A.

  

	(k)	“Section 409A” means Code section 409A, the final regulations issued under Code section 409A, and all other Internal Revenue Service guidance that may be issued
thereunder. 

  

	(l)	“Separation from Service” has the meaning given to such term in Section 409A. 

  

	(m)	“Short-Term Incentive Compensation” means such short-term incentives as the Committee may approve from time to time. 

  

	(n)	“Stock Award” means an award granted under a Plan or program maintained by the Company, including but not limited to the Whirlpool Executive Stock Appreciation and
Performance Program, and the Whirlpool Strategic Excellence Program, which provides for the settlement of the award in stock of the Company and which has been deferred in accordance with the provisions of this Plan. 

  

	(o)	“Subsidiary” means any corporation, a majority of the total combined voting power of all the classes of stock of which is directly or indirectly owned by the
Company. 

  

	(p)	“Unforeseeable Emergency” means (i) a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the
Participant’s spouse, the Participant’s beneficiary, or a dependent (as defined in Section 152 of the Code, without regard to Section 152(b)(1), Section 152(b)(2) and Section 152(d)(1)(B) of the Code) of the
Participant; (ii) loss of the Participant’s property due to casualty (including the need to rebuild the Participant a home following damage to a home not otherwise covered by insurance); or (iii) other similar extraordinary and
unforeseeable circumstances arising as a result of events beyond the control of the Participant. Whether an Unforeseeable Emergency exists will be determined by the Committee, in its discretion, in accordance with Section 409A.

  

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	(q)	“U.S. Participant” means any Participant who is subject to taxation by the U.S. Government. 

  

	(r)	“Year” means the 12-month period beginning January 1 and ending December 31. 

 2.2 Gender and Number 
 Except when otherwise indicated by the context, any masculine terminology when used in the
Plan shall also include the feminine gender, and the definition of any term herein in the singular shall also include the plural. 
 Article 3.
Eligibility for Participation 
 3.1 Eligibility 
 Participation in the Plan shall be limited to: (a) those Employees of the Company or any Subsidiary designated as Participants by the Committee; or (b) any Employee of the Company or any Subsidiary who becomes eligible to
participate in Supplement A pursuant to Section 1.3 thereof. In the event an Employee no longer meets the requirements for participation in this Plan, as determined by the Committee in its discretion, he shall become an inactive Participant,
retaining all the rights described under this Plan, except the right to make deferrals under the Plan, until the time that he again becomes an active Participant. Notwithstanding the foregoing, nothing in this Plan shall be construed as requiring or
permitting the cancellation of a Participant’s valid deferral election if such Participant’s ineligibility to continue as an active Participant in the Plan results from such Participant’s transfer to a position that is otherwise not
eligible to participate in the Plan, except as permitted by Section 409A. 
 Article 4. U.S. Participant Election to Defer 
 4.1 Base Salary or Short-Term Incentive Compensation Deferral Amount 
 At any time prior to December 31 of each Year, and subject to the approval of the Committee, a U.S. Participant may elect, in accordance with such procedures as may be established by the Committee, to defer: 
  

	(a)	any part (in 5% increments up to 75%) of his Base Salary to be earned during the immediately following calendar Year, and 

  

	(b)	any part (in 5% increments up to 75%) of any Short-Term Incentive Compensation payable with respect to services to be performed in the immediately following Year.

 4.2 Deferral of Long-Term Incentive Compensation 
  

	(a)	 Long-Term Incentive Compensation. With respect to Long-Term Incentive Compensation that qualifies as performance-based compensation as described in
Section 409A, the Committee may permit eligible Participants to defer any part (in 5% increments up to 75%) of the amount of Long-Term Incentive Compensation to be paid for such performance period provided that the 

  

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election to defer is made no later than the date that is six months before the end of the performance period. In no event will an election to defer Long-Term
Incentive Compensation be permitted after such compensation has become both substantially certain to be paid and readily ascertainable. With respect to Long-Term Incentive Compensation that does not qualify as performance-based compensation as
described in Section 409A, the Committee may establish procedures for the deferral of such compensation provided such procedures comply with the provisions imposed by Section 409A. 

  

	 (b)
	 Elections with respect to unvested amounts. With respect to awards of Long-Term Incentive Compensation that
require the Participant’s continued performance of services for at least twelve months from grant of an award thereunder before the Participant vests in the award, the Committee may permit eligible Participants to defer any part (in 5%
increments up to 75%) of the payment of the award, provided that the election to defer such compensation is made on or before the thirtieth (30th) day after grant of the award and the election is made at least twelve months in advance of the earliest possible vesting date. 

  

	(c)	Stock Awards. Stock Awards shall have no voting rights. Dividend equivalents declared with respect to a Participant’s Stock Awards in accordance with the underlying
program governing the terms of the Stock Award shall be credited to the Participant’s account(s) under the Plan and paid in accordance with the provisions of Section 4.3, Section 4.4, Section 4.5, Section 4.6 or
Section 4.7, as applicable. 

 4.3 Time and Form of Payment 
 Subject to Section 4.4(b), Section 4.5, Section 4.6 and Section 4.7, payment of the amounts deferred under the Plan shall be made to the U.S. Participant as follows: 
  

	(a)	in a lump sum payment on the first regular Company payroll date for salaried exempt employees to occur in the seventh calendar month following such Participant’s Separation
from Service; or 

  

	(b)	if elected by the Participant in accordance with procedures adopted by the Committee, 

  

	 	(1)	in a lump sum payment on the first regular Company payroll date for salaried exempt employees to occur in the seventh calendar month following such Participant’s Separation
from Service, or 

  

	 	(2)	in a lump sum payment on the first regular Company payroll date for salaried exempt employees to occur in April of the calendar year following the first anniversary of the
Participant’s Separation from Service, or 

  

	 	(3)	in ten (10) substantially equal annual installments (based on a declining balance method) with the first installment payable on the first regular Company payroll date for
salaried exempt employees in the seventh calendar month next following the Participant’s Separation from Service and the second through the tenth installments payable in each successive tax year of the Participant on the first regular Company
payroll date for salaried exempt employees after the anniversary of the first installment payment. 

  

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 All payments of deferred compensation hereunder shall be made in cash, except that all Stock Awards which would have been
paid in stock if not deferred shall be paid in stock. In the case of a distribution in stock to a Participant who has elected installment payments in accordance with Section 4.3(b), any installment that would consist of fractional shares of
stock will be rounded down to the next lower number of whole shares of stock. 
 4.4 Cancellation or Changes to Deferral or Payment Elections

 The elections in Sections 4.1, 4.2 and 4.3 (and Section A-3.1 of Supplement A) are irrevocable once made and may not be modified or terminated by the
Participant or his beneficiary, except as follows: 
  

	(a)	Cancellation of Deferral Elections in the Event of Unforeseeable Emergency. A Participant’s deferral election under Sections 4.1 and 4.2 (and Section A-3.1 of Supplement
A) may be cancelled due to an Unforeseeable Emergency or a hardship distribution pursuant to Section 1.401(k)-1(d)(3) of the Treasury Regulations. In the event of cancellation of a Participant’s deferral election under this
Section 4.4(a), any later deferral election must comply with the provisions of Sections 4.1 or 4.2, as applicable. 

  

	(b)	Subsequent Deferral Election Affecting the Time and Form of Payment. Subject to Section 4.5 and Section 4.6, a Participant may make a subsequent election to defer
the time of payment of the amounts deferred under the Plan on his or her behalf, provided that 

  

	 	(1)	the election shall not become effective until at least twelve (12) months after the date on which the election is made; 

  

	 	(2)	the election is made at least twelve (12) months before the date that payment would otherwise have occurred (or in the case of installment payments, at least twelve months
before the date the first installment would otherwise have been paid); and 

  

	 	(3)	payment of the amounts deferred on the Participant’s behalf shall be made in a lump sum on the date that is five (5) years from the date such payment would otherwise have
occurred (or in the case of a participant who had previously elected installment payments, five years from the date the first installment would otherwise have been paid). 

 4.5 Cash-Out of Small Account Balances 
 The Company shall disregard a Participant’s election regarding the time
and form of payment (as described in Section 4.3(b)) and a Participant’s subsequent deferral election (as described in Section 4.4(b)) if the amounts deferred on behalf of the Participant (including earnings) under this Plan and all
other nonqualified deferred compensation plans maintained by the Company which are 

  

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aggregated with this Plan pursuant to Treasury Regulation Section 1.409A-1(c)(2) upon such Participant’s Separation from Service does not exceed
$100,000. In such case, the amounts deferred under the Plan on behalf of the Participant will be paid in a lump sum cash payment on the first regular Company payroll date for salaried exempt employees to occur in the seventh calendar month following
such Participant’s Separation from Service. 
 4.6 Distributions on Account of Death or Disability 
 Notwithstanding Section 4.3 and Section 4.4(b), in the event a Participant dies or becomes Disabled before all amounts deferred on his or her behalf under the
Plan are distributed, all remaining amounts deferred on the Participant’s behalf (including all amounts remaining in the Plan on behalf of a Participant who had commenced to receive installment payments pursuant to Section 4.3(b)) will be
paid in a lump sum payment on the first Company payroll date for salaried exempt employees in the month following the Participant’s death or Disability, as applicable. 
 4.7 Delay of Payment 
 Notwithstanding any other provision in the Plan, payment of the amounts deferred under the Plan
will be delayed as follows: 
  

	(a)	If any Participant is a Specified Employee (as defined in Section 409A), upon a Separation from Service for any reason other than death, commencement of payment to such
Participant shall not be made before the date that is six (6) months after the date of his or her Separation from Service (or, if earlier, the date of death of the Participant). Payments to which a Specified Employee would otherwise be entitled
during this period shall be accumulated and paid, together with earnings that have accrued during this six-month delay, on the first Company payroll date for salaried exempt employees in the seventh calendar month following the date of his
Separation from Service. 

  

	(b)	If the Company reasonably anticipates that any portion of the benefit payable under the Plan to any Participant could be limited or nondeductible under Code section 162(m) (or cause
other amounts payable by the Company to be nondeductible under Code section 162(m)), then the payment of such portion of the benefit to such Participant shall be delayed until the earliest date on which the Company reasonably anticipates that the
deduction will not be limited or eliminated by application of Code section 162(m). 

  

	(c)	Payment of the amounts deferred under the Plan may be delayed as permitted under Section 409A, as if stated in the Plan, for example, if the making of a payment would
jeopardize the ability of the Company to continue as a going concern, or the Company reasonably anticipates that the making of the payment will violate Federal securities or other applicable laws. 

  

	(d)	If the payment of any deferred amount hereunder is delayed for any reason beyond the Participant’s date of Separation from Service, the portion so delayed will be credited with
earnings, if any, from the date of the Participant’s Separation from Service until paid. 

  

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 Article 5. Non-U.S. Participant Deferral 
 5.1 Base Salary or Short-Term Incentive Compensation Deferral Amount 
 At any time prior to December 31 of each
Year, the Company may, by written notice, request any Non-U.S. Participant to defer: 
  

	(a)	any part (in 5% increments up to 75%) of his Base Salary to be earned during the immediately following calendar Year, and 

  

	(b)	any part (in 5% increments up to 75%) of any Short-Term Incentive Compensation, or any bonus plan established for Non-U.S. Participants, or any successor plan, with respect to
services to be performed in the immediately following Year. 

 5.2 Long-Term Incentive Compensation Deferral Amount 
 At any time prior to October 1 of the last Year of any performance period under any Long-Term Incentive Compensation plan, the Company may, by written notice,
request any Non-U.S. Participant to defer any part (in 5% increments up to 75%) of the incentive to be paid for such performance period. 
 5.3 Deferral
Period 
 Payment of the amount deferred under the Plan shall be made to the Non-U.S. Participant as soon as administratively feasible following:
(a) the earliest to occur of his: (i) Disability, (ii) death, or (iii) Separation from Service; or (b) to the extent that the Committee authorizes such an election, a date irrevocably elected by a Participant that is either
five (5) or ten (10) years after the date such Participant elects to defer such amounts in accordance with this Article 5. 
 5.4 Manner of
Payment 
 The Chairman and Chief Executive Officer may determine the manner of payment to any Non-U.S. Participant or beneficiary. 
 Article 6. Deferred Accounts 
 6.1 Participant Account(s) 

 The Company shall establish and maintain a bookkeeping account(s) for each Participant, to be credited as of the date the Long-Term Incentive Compensation,
Short-Term Incentive Compensation, or Base Salary is actually deferred. 
 6.2 Deemed Investment of Accounts 
 The Company shall, from time to time, in its sole discretion, select one or more investment options (which may, but need not, be comparable to the investment options
offered under the Whirlpool 401(k) Retirement Plan) to be made available as the measuring standards for crediting earnings and losses to a Participant’s account(s). A Participant may select from such investment options, in a manner established
by the Company, the investment option or options to apply to his or her account(s) and may change such selections, all in accordance with such rules as the Company may establish. If a Participant fails to make an investment election under this
Section 6.2, his account(s) will be invested in a default investment fund designated by the Company. 
  

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 Accounts shall be adjusted for investment earnings or losses as of each business day. The earnings or losses to be
credited to the portion of any Participant’s account(s) under this Section 6.2 for any period shall be equivalent to the amount of earnings or losses which would have been credited to the account(s) if such portion of such account(s) had
actually been invested in such investment options during such period in the manner selected by the Participant. 
 6.3 Charges Against Accounts

 There shall be charged against each Participant’s account any payments made to the Participant or to his beneficiary in accordance with Article 7
hereof. 
 6.4 Contractual Obligation 
 It is intended
that the Company is under a contractual obligation to make payments from a Participant’s account when due. Account balances shall not be financed through a trust fund or insurance contracts or otherwise unless owned by the Company. Payment of
account balances shall be made out of the general assets of the Company. 
 6.5 Unsecured Interest 
 No Participant or beneficiary shall have any interest whatsoever in any specific asset of the Company. To the extent that any person acquires a right to receive payments
under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Company. 
 Article 7. Payment of Deferred Amounts

 7.1 Payment of Deferred Amounts 
 Payment of a
Participant’s deferred Base Salary or Incentive Compensation, plus accumulated deemed investment earnings and losses attributable thereto, shall be paid, in the time and manner described in Articles 4 and 5 of the Plan. 
 7.2 Payment due to Unforeseeable Emergency 
 Notwithstanding any
provision in the Plan to the contrary, upon a finding that the Participant has suffered an Unforeseeable Emergency, the Committee may, in its sole discretion, allow payment of the Participant’s deferred amounts prior to the time otherwise
specified for payment of benefits under the Plan. Whether a Participant is faced with an Unforeseeable Emergency permitting a payment under this Section shall be determined by the Committee based on the relevant facts and circumstances of each case,
but, in any case, a distribution on account of an Unforeseeable Emergency shall not be made to the extent that such emergency is or may be relieved through reimbursement or compensation from insurance or otherwise, by liquidation of the
Participant’s assets (to the extent the liquidation of such assets would not cause severe financial hardship), or by cessation of deferrals under the Plan. Distributions because of an Unforeseeable Emergency shall be limited to the amount
reasonably necessary to satisfy the emergency need (which may include amounts necessary to pay any Federal, state, or local income taxes or penalties reasonably anticipated to result from the distribution). 
  

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 Article 8. Beneficiary 
 8.1 Beneficiary 
 A Participant may designate a primary beneficiary or beneficiaries who, upon his death, are to receive the distributions
that otherwise would have been paid to him. In addition, the Participant shall designate a contingent beneficiary or beneficiaries who shall receive distributions should the primary beneficiary or beneficiaries predecease the Participant. All
designations shall be in writing and shall be effective only if and when delivered to the Corporate Vice President — Human Resources during the lifetime of the Participant. 
 The designation of a spouse as a beneficiary shall automatically be revoked upon divorce or legal separation. 
 In the
absence of a beneficiary designation or in the event that all of the named beneficiaries predecease the Participant, or if there is doubt as to the right of any beneficiary, the Company shall make payments to the surviving member(s) of the following
classes of beneficiaries, in equal shares, with preference for classes in the order listed below: 
  

	(a)	the Participant’s spouse (unless legally separated by court decree), 

  

	(b)	the Participant’s children (including children by adoption), 

  

	(c)	the Participant’s parents (including parents by adoption), and 

  

	(d)	the Participant’s executor or administrator. 

 Benefits will be paid
exclusively to the member(s) of the first class in the order listed above, which has surviving member(s). If that class has more than one member, payment will be made in equal shares among members of that class. 
 Article 9. Rights of Employees, Participants 
 9.1 Employment 

 Nothing in this Plan shall interfere with or limit in any way the right of the Company or any of its Subsidiaries to terminate any Employee’s or
Participant’s employment at any time, nor confer upon any Employee or Participant any right to continue in the employ of the Company or any of its Subsidiaries. 
 9.2 Nontransferability 
 No right or interest of any Participant in this Plan shall be assignable or transferable, or
subject to any lien, directly, by operation of law, or otherwise, including execution, levy, garnishment, attachment, pledge and bankruptcy. In the event of a Participant’s death, payment of any amounts due under this Plan shall be made to the
Participant’s designated beneficiary, or in the absence of such designation, to the classes of beneficiaries as stated in Section 8.1 herein. 
  

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 Article 10. Administration 
 10.1 Administration 
  

	(a)	The Chairman of the Board and Chief Executive Officer (the “Chairman”) shall be responsible for the day-to-day administration of the Plan, subject to the control and
direction of the Committee. The Chairman is authorized to interpret the Plan; to prescribe, amend, and rescind rules and regulations relating to the Plan; provide for conditions and assurances deemed necessary or advisable to protect the interests
of the Company; and to make all other determinations necessary or advisable for the administration of the Plan, but only to the extent not contrary to the express provisions of the Plan or the directions of the Committee and only to the extent any
such action does not operate to disproportionately advantage the Chairman in the event the Chairman is a Participant in the Plan. 

  

	(b)	The Committee shall determine within the limits of the express provisions of the Plan the Employees to whom, and the time or times at which, participation shall be extended and the
amount which may be deferred. In making such determinations, the Committee may take into account the nature of the services rendered by such Employees or classes of Employees, their present and potential contributions to the Company’s or its
Subsidiaries’ success, and such other factors as the Committee in its discretion shall deem relevant. The determination, interpretation, or other action of the Committee made or taken pursuant to the provisions of the Plan shall be final and
shall be binding and conclusive for all purposes and upon all persons or other interested parties. 

 10.2 Conflicting Terms 

To the extent that the terms of this Plan conflict with the written terms of any annual or long-term incentive plan or program maintained by the Company with respect
to the deferral of amounts under those plans or programs, the terms of this Plan shall control. 
 Article 11. Claims Procedure 
 11.1 Claims Procedure 
 Benefits shall be paid in accordance with the
provisions of this Plan. 
  

	(a)	The Participant, or a designated recipient or any other person claiming through the Participant, shall make a written request for benefits under this Plan. This written claim shall
be mailed or delivered to the Committee. Such claim shall be reviewed by the Committee or a delegate. 

  

	(b)	If the claim is denied, in full or in part, the Committee shall provide a written notice within (90) days setting forth the specific reasons for denial, and any additional
material or information necessary to perfect the claim, and an explanation of why such material or information is necessary, and appropriate information and explanation regarding the steps to be taken if a review of the denial is desired. However,
if special circumstances require an extension of the period of time for considering a claim, the 90-day period can be extended for an additional 90 days by giving the claimant written notice of the extension, the reason why the extension is
necessary, and the date a decision is expected. 

  

 10 

	(c)	If the claim is denied and a review is desired, the Participant (or beneficiary) shall notify the Committee in writing within sixty (60) days after receipt of the written
notice of denial. In requesting a review, the Participant or beneficiary may request a review of pertinent documents with regard to the benefits created under this Plan, may submit any written issues and comments, may request an extension of time
for such written submission of issues and comments, and may request that a hearing be held, but the decision to hold a hearing shall be within the sole discretion of the Committee. 

  

	(d)	The decision on the review of the denied claim shall be rendered by the Committee within sixty (60) days after the receipt of the request for review (if no hearing is held) or
within sixty (60) days after the hearing if one is held. However, if special circumstances require an extension of the period of time for considering an appeal, the 60-day period can be extended for an additional 60 days by giving the claimant
written notice of the extension, the reason why the extension is necessary, and the date a decision is expected. The decision shall be written and shall state the specific reasons for the decision including references to the specific provisions of
this Plan on which the decision is based. 

 Article 12. Amendment and Termination of the Plan 
 12.1 Amendment 
 The Committee, consistent with relevant Board action,
may amend or modify the Plan, at any time and from time to time and in any respect, provided, however, that no such action of the Committee, without approval of the Participant, may adversely affect in any way any amounts already deferred pursuant
to the Plan. 
 12.2 Termination 
 The Company reserves
the right to terminate the Plan in accordance with this Section. 
  

	(a)	Bankruptcy. The Company may terminate the Plan within twelve months of a corporate dissolution taxed under Code section 331, or with the approval of a bankruptcy court
pursuant to 11 U.S.C. section 503(b)(1)(A), provided that the amounts deferred under the Plan are included in the Participants’ gross incomes in the latest of: (i) the calendar year in which the Plan termination occurs; (ii) the
calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year in which the payment is administratively practicable. 

  

	(b)	 Change in Control. The Company may terminate the Plan within the thirty days preceding a Change in Control, or the Company, or a successor company that is
primarily liable for payment of amounts deferred under the Plan immediately after the Change in Control transaction, may terminate the Plan within the twelve months following a Change in Control. The Plan will be treated as terminated only if all
substantially similar arrangements sponsored by the Company (or the successor company, if applicable) and all affiliates are terminated, so that the Participants in the Plan and all participants that experienced the Change 

  

 11 

	 	 
in Control event under substantially similar arrangements are required to receive all amounts of compensation deferred under the terminated arrangements
within twelve months of the date the Company (or the successor company) irrevocably takes all necessary action to terminate the arrangements. 

  

	(c)	Discretionary Termination. The Company may terminate the Plan at any time in its discretion, provided that: (i) the termination does not occur proximate to a downturn in
the financial health of the Company; (ii) all arrangements sponsored by the Company and its affiliates that would be aggregated with any terminated arrangement under Section 409A if the same individual participated in all of the
arrangements, are terminated; (iii) no payments other than payments that would be payable under the terms of the arrangements if the termination had not occurred are made within twelve months of the termination of the arrangements;
(iv) all payments are made within twenty-four months of the termination of the arrangements; and (v) the Company and its affiliates do not adopt a new arrangement that would be aggregated with any terminated arrangement under
Section 409A if the same individual participated in both arrangements, at any time within three years following the date of termination of the Plan. 

  

	(d)	Other. The Company may terminate the Plan upon such other events and in such other conditions as the Commissioner of Internal Revenue may prescribe in generally applicable
published guidance. 

 Article 13. Change in Control 
 13.1 In General 
 In the event of a Change in Control of the Company, all amounts due to Participants under this Plan
shall continue to be deferred, and shall continue to be credited with deemed investment earnings and losses, until scheduled payments would otherwise be made in accordance with the provisions of the Plan, provided that the Company (or a successor
company) may take action to terminate the Plan and provide for payment of all amounts deferred under the Plan in a lump sum payment in accordance with Section 12.2(b). 
 Article 14. Requirements of Law 
 14.1 Requirements of Law 
 The Plan is intended to be an unfunded deferred compensation plan maintained for a select group of management or highly-compensated employees under sections 201(2),
301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The payment of cash pursuant to this Plan shall be subject to all applicable laws, rules, and regulations, and shall not be made except
upon approval of proper government agencies as may be required. 
 14.2 Section 409A Compliance 
 It is intended that any income to a Participant deferred pursuant to this Plan will not be subject to interest and additional tax under Section 409A. The provisions
of the Plan will be interpreted and construed in favor of the Plan meeting any applicable requirements of Section 409A. To the extent that any provision of the Plan would cause a conflict with the requirements of Section 409A, or would

  

 12 

 
cause the administration of the Plan to fail to satisfy Section 409A, such provision shall be deemed null and void to the extent permitted by applicable
law. The Company, in its absolute discretion, may amend (including retroactively) this Plan to conform to Section 409A, including amendments to facilitate the ability of a Participant to avoid the imposition of interest and additional tax under
Section 409A. However, nothing herein shall be construed as a guaranty by the Company of any particular tax effect on any income deferred under the terms of the Plan pursuant to a Participant’s election. In any event, the Company will have
no responsibility for the payment of any applicable taxes on income deferred by the Participant pursuant to the provisions of this Plan. 
 14.3 Governing
Law 
 This Plan shall be governed by, construed and administered in accordance with the applicable provisions of ERISA, and any other applicable Federal
law, including Section 409A, and to the extent not preempted by Federal law, this Plan shall be governed by, construed and administered under the laws of the State of Michigan, other than its laws respecting choice of law. 
 Article 15. Employment, State, Local and Foreign Taxes 
 15.1
Withholding 
 The Company shall deduct from all payments under this Plan an amount necessary to satisfy any Federal, state, local, or foreign withholding
tax requirements. 
 15.2 Acceleration of Payment 
 The
time and schedule of payments that would otherwise occur pursuant to Article 4, may be accelerated as follows: 
  

	(a)	A payment may be made to pay the Federal Insurance Contribution Act (FICA) tax imposed by Code Sections 3101, 3121(a), and 3121(v)(2) on amounts deferred under the Plan (the FICA
amount). 

  

	(b)	A payment may be made to pay state, local, or foreign tax obligations arising from participation in the Plan that apply to amounts deferred under the Plan before the amounts are
paid or made available to the Participant (the state, local, or foreign tax amount). Such payment may not exceed the amount of such taxes due as a result of participation in the Plan. Such payment may be made by distributions to the Participant in
the form of withholding pursuant to provisions of the applicable state, local, or foreign law or by distribution directly to the Participant. 

  

	(c)	A payment may be made to pay the Federal income tax at the source on wages imposed under Code Section 3401, or the corresponding withholding provisions of applicable state,
local, or foreign tax laws, as a result of payment of the FICA amount and/or the state, local, or foreign tax amount, and to pay the additional income tax at source on wages attributable to the pyramiding under Code Section 3401 wages and
taxes. 

  

 13 

 However, the total payment to or on behalf of the Participant pursuant to this acceleration provision may not exceed the
aggregate of the FICA, state, local, and/or foreign tax amount, and the Federal income tax withholding related to such FICA, state, local and/or foreign tax amounts. 
 Article 16. Effective Date of the Plan 
 16.1 Effective Date 
 The Plan was originally effective as of January 1, 2005. The Plan as amended and restated hereby is effective as of January 1, 2009. 
 IN WITNESS WHEREOF, WHIRLPOOL CORPORATION has caused this Plan to be executed below by its duly authorized representatives this _19th day of December,
2008. 
  

			
	WHIRLPOOL CORPORATION
		
	By:	 	 /s/    David A. Binkley

		 	David A. Binkley,
		 	Senior Vice President
		 	Global Human Resources

 ATTEST: 
  

			
	 By:
	 	 /s/    Robert J. LaForest

		 	Robert J. LaForest,
		 	 Associate General Counsel
 and Assistant Secretary

  

 14 

 Supplement A to the Whirlpool Executive Deferred Savings Plan II 
 (As Amended and Restated Effective January 1, 2009) 

 Article A-1. Purpose, Eligibility and Effective Date 
 A-1.1 Purpose 
 This Supplement A to the Whirlpool Executive Deferred
Savings Plan II (“Supplement A”) has been established for the mutual benefit of the Company, its Subsidiaries and Participants with its primary purpose to supplement retirement benefits provided by the Whirlpool Corporation 401(k)
Retirement Plan to the extent that benefits under the 401(k) Retirement Plan are limited by (i) Section 401(a)(17) of the Code regarding limits on the amount of annual compensation that can be recognized under the 401(k) Retirement Plan,
(ii) Section 402(g) of the Code regarding annual limits on elective deferrals under the 401(k) Retirement Plan, and/or (iii) Section 415 of the Code regarding the limitations on contributions and other additions to
Participant’s accounts under the 401(k) Retirement Plan. This Supplement A is intended to be an unfunded deferred compensation arrangement for a select group of management or highly compensated personnel (within the meaning of the applicable
provisions of ERISA) and shall be administered in a manner consistent with this intent. This Supplement A shall also be known as the “Whirlpool Executive Restoration Plan”. 
 A-1.2 Effective Date 
 The Whirlpool Executive Restoration Plan described in this Supplement A was originally
effective January 1, 2007. The provisions of Supplement A as amended and restated hereby are effective as of January 1, 2009. 
 A-1.3
Eligibility 
 An Employee shall be eligible to participate in this Supplement A under Article A-3 and Article A-4 if the Employee: (a) is in Band 4
or above, or its current equivalent under the Company’s position grading system, and (b) makes an irrevocable election to participate in this Supplement A for the Plan Year. 
 An Employee shall be eligible to participate in this Supplement A under Article A-5 if the Employee: (a) is in Band 4 or above, or its current equivalent under the Company’s position grading system, and
(b) has compensation that exceeds the Annual Compensation Limit. Notwithstanding the preceding sentence, no Employee who is a Retirement Zone Participant under the terms of the Whirlpool Employees Pension Plan shall be eligible to participate
in this Supplement A under Article A-5 for Plan Years beginning before January 1, 2010. 
 A-1.4 Participation 
 A person who is eligible to participate in this Supplement A shall become a Participant under this Supplement A as of the first day of the Plan Year next following the
Plan Year during which such person meets the eligibility conditions described in Section A-1.3 above. 
 Article A-2. Definitions 
 A-2.1 Definitions 
 Whenever used in this Supplement A, the following
terms shall have the meaning set forth below unless the context clearly indicates otherwise. Capitalized Terms not defined in this Supplement A shall have the meanings ascribed to such terms in the Plan. 
  

 A-1 

	(a)	“401(k) Retirement Plan” means the Whirlpool Corporation 401(k) Retirement Plan, as amended. 

  

	(b)	“Annual Compensation Limit” means $225,000, as adjusted by the Commissioner of Internal Revenue for increases in the cost-of-living in accordance with Code
Section 401(a)(17)(B). 

  

	(c)	“Automatic Company Contribution Credit Subaccount” means the bookkeeping subaccount established pursuant to Section A-6.3 

  

	(d)	“Bonus Compensation” means short-term bonus payments designated by the Committee, provided, however, that short-term bonus payments shall be considered Bonus
Compensation in the year earned and not in the year paid. Notwithstanding the foregoing, if an Employee is a participant in the Whirlpool Supplemental Executive Retirement Plan, such Employee’s Bonus Compensation shall be deemed to be zero
($0). 

  

	(e)	“Compensation” means an Employee’s permanent wages; salaries; shift premiums; overtime; sales commissions; vacation and holiday pay; and paid leave for jury
duty, bereavement leave and military duty. Compensation shall also include tax-deferred deposits made on behalf of an Employee under the 401(k) Retirement Plan or under a plan of the Company which qualifies under Code Sections 125 or 132(f).
Compensation shall also include amounts an Employee elects to defer under nonqualified deferred compensation plans maintained by the Company. Compensation shall not include cash payments or the value of benefits received under the Employer’s
Flex Choice flexible benefits program, moving expenses, tuition expenses and reimbursements for employee purchases. 

  

	(f)	“Contribution Credits” means Participant Contribution Credits, Automatic Company Contribution Credits, Employer Matching Contribution Credits and Deemed Matching
Contribution Credits. 

  

	(g)	“Employer Matching Contribution Credit Subaccount” means the bookkeeping subaccount established pursuant to Section A-6.4. 

  

	(h)	“Participant” means an Employee who is eligible to receive benefits under this Supplement A. 

  

	(i)	“Participant Contribution Credit Subaccount” means the bookkeeping subaccount established pursuant to Section A-6.2. 

  

	(j)	“Plan Year” means the calendar year. 

  

	(k)	“Restoration Account” means the bookkeeping account created by the Company for the administration of each Participant’s benefits under this Supplement A.

  

	(l)	“Total Compensation” means the sum of a Participant’s Compensation and Bonus Compensation. 

  

 A-2 

 Article A-3. Participant Deferral Elections and Contribution Credits 
 A-3.1 Participant Elections to Defer 
 Prior to the start of each Plan
Year, a Participant shall make an irrevocable election to defer a percentage between zero (0%) and fifteen (15%) percent of such Participant’s Compensation and a percentage between zero (0%) and fifteen (15%) of such
Participant’s Bonus Compensation for that Plan Year under this Supplement A. Such percentages shall be the same percentages that such Participant elects to defer under the 401(k) Retirement Plan but deferrals shall be made under this Supplement
A to the extent that deferrals cannot be made under the 401(k) Retirement Plan because of limits under Code Sections 401(a)(17), 402(g) or 415. A Participant’s election for any Plan Year shall also govern the deferral of such Participant’s
Bonus Compensation earned in the Plan Year but paid in March of the following Plan Year. 
 A-3.2 Participant Contribution Credits 
 Credits (“Participation Contribution Credits”) shall be made to the Restoration Account of a Participant to reflect the amount of Compensation and Bonus
Compensation deferred by such Participant. 
 Article A-4. Employer Matching Contribution Credits 
 A-4.1 Employer Matching Contribution Credits 
  

	(a)	For each Plan Year the Company shall make a contribution credit (an “Employer Matching Contribution Credit”) to the Restoration Account of each Participant in an amount
equal to: (a) one hundred percent (100%) of the first three percent (3%) of such Participant’s Total Compensation that such Participant elects to defer under this Supplement A for such year, and (b) fifty percent
(50%) of the next two percent (2%) of such Participant’s Total Compensation that such Participant elects to defer under this Supplement A for such Plan Year. The amount of the Employer Matching Contribution Credit for a Participant
shall be reduced by the amount of employer matching contributions, if any, made for the Participant under the 401(k) Retirement Plan. 

  

	(b)	 Notwithstanding the preceding paragraph (a) of this section: (i) an Employee who is a Retirement Zone Participant under the terms of the Whirlpool
Employees Pension Plan and who is in Bands 00 – 4a shall not be eligible to receive an Employer Matching Contribution Credit with respect to any portion of the Participant’s Total Compensation deferred by the Participant while an employee
of the Employer in Band 00, 01, 02, 03 or 4a for Plan Years beginning before January 1, 2010, and shall receive an Employer Matching Contribution Credit for Plan Years beginning before January 1, 2010 with respect to any portion of the
Participant’s Total Compensation deferred by the Participant while the Participant was not an employee of the Employer in Band 00, 01, 02, 03 or 4a under the terms described in subparagraph (b)(ii) and paragraph (c) of this section ; and
(ii) a Participant who is a Retirement Zone Participant under the terms of the Whirlpool Employees Pension Plan and who is in Band 4 shall receive an Employer Matching Contribution Credit for Plan Years beginning before January 1, 2010
under a special formula based on the percentage shown in subparagraph (c) (to the extent permitted under Section 409A), which shall be reduced by the amount of employer matching contributions, if any, made for the Participant under the
401(k) Retirement Plan, 

  

 A-3 

	 	 
provided that either (i) the Participant is an Employee on the last day of the Plan Year, or (ii) the Participant terminated employment due to
death, Disability, or retirement during the Plan Year. 

  

	(c)	With respect to Plan Years beginning before January 1, 2010, for a Participant who is a Retirement Zone Participant under the terms of the Whirlpool Employees Pension Plan and
who is in Band 4, the amount of the Employer Matching Contribution Credit for each Plan Year, before reduction as described in paragraph (b) above, shall be determined by applying the Company’s matching percentage for that Plan Year by
that portion of the Participant’s Total Compensation that such Participant elects to defer under this Supplement A for such year, which shall not exceed five percent (5%) of the Participant’s Total Compensation. Management shall
establish performance goals it deems appropriate for paying the Employer Matching Contribution Credit. Once established, management in its sole discretion may revise such performance goals at any time to take into account occurrences other than
those occurring in the ordinary course of business for the Plan Year, or other unusual circumstances, including but not limited to (1) the sale or purchase of some or all of the assets or stock of the Company, (2) a material change in the
Company’s debt-to-equity ratio, (3) repurchase by the Company of its stock, (4) issuance by the Company of new stock, (5) adjustments to earnings and other financial measures to exclude the effect of unusual or extraordinary
items, (6) acquisitions and divestitures, (7) regulatory or legislative changes, and (8) accounting changes. The Company’s actual matching percentage for a Plan Year shall be determined after the end of the Plan Year as the
percentage that applies to the actual performance goal attained by the Company for the Plan Year, provided, however, that the matching percentage shall not be less than twenty-five percent (25%). 

 A-4.2 Timing of Employer Matching Contribution Credits 
 Employer
Matching Contribution Credits for any Plan Year shall be made after the end of such Plan Year, provided, however, that in the Plan Year of a Participant’s Separation from Service, such Contribution Credits shall be made as soon as
administratively practicable after the Participant’s Separation from Service. 
 A-4.3 Special Rule Regarding 2007 Deemed Matching Contribution
Credits 
 The Company will make a Contribution Credit to the Restoration Account of each Participant in the Plan for 2007 in an amount equal to the
Employer Matching Contribution Credit that would have been credited to such Participant’s Restoration Account if such Participant’s bonus paid under the Company’s Performance Excellence Plan in March of 2007 had been Compensation
eligible for deferral in 2007 under this Supplement A (the “Deemed Matching Contribution Credit”). 
 Article A-5. Automatic Company
Contribution Credits 
 A-5.1 Automatic Company Contribution Credits 
 For each Plan Year the Company shall make a contribution credit (an “Automatic Company Contribution Credit”) to the Restoration Account of each Participant in an amount equal to 3% of such Participant’s
Total Compensation in excess of the Annual 

  

 A-4 

 
Compensation Limit for such Plan Year, provided however, that a Participant who is a Retirement Zone Participant, as defined in the Whirlpool Employees
Pension Plan, shall not be eligible to receive the Automatic Company Contribution Credit for Plan Years beginning before January 1, 2010. 
 A-5.2
Timing of Automatic Company Contribution Credits 
 Automatic Company Contribution Credits for any Plan Year shall be made after the end of such Plan
Year, provided, however, that in the Plan Year of a Participant’s Separation from Service, such Contribution Credits shall be made as soon as administratively practicable after the Participant’s Separation from Service. 
 Article A-6. Accounts; Vesting; Earnings and Losses 
 A-6.1
Restoration Accounts 
 All Contribution Credits made on behalf of a Participant pursuant to Articles A-3, A-4 and A-5 of this Plan shall be credited by
the Company to such Participant’s Restoration Account as of the date such Contribution Credit is made. 
 A-6.2 Participant Contribution Credit
Subaccount 
 A Participant Contribution Credit Subaccount shall be maintained for each Participant representing the portion of such Participant’s
Restoration Account resulting from Participant Contribution Credits. 
 A-6.3 Automatic Company Contribution Credit Subaccount 
 An Automatic Company Contribution Credit Subaccount shall be maintained for each Participant representing the portion of such Participant’s Restoration Account
resulting from Automatic Company Contribution Credits. 
 A-6.4 Employer Matching Contribution Credit Subaccount 
 An Employer Matching Contribution Credit Subaccount shall be maintained for each Participant representing the portion of such Participant’s Restoration Account
resulting from Employer Matching Contribution Credits and Deemed Matching Contribution Credits. 
 A-6.5 Vesting of Contribution Credits 

A Participant shall at all times be vested in his or her Participant Contribution Credit Subaccount and Employer Matching Contribution Credit Subaccount. A Participant
will attain a fully vested interest in the portion of his or her Automatic Company Contribution Subaccount attributable to Automatic Company Contribution Credits after the Participant has earned three years of vesting service with the Company or a
Subsidiary as determined under the 401(k) Retirement Plan. Prior to that time, such Participant shall have a zero percent (0%) vested interest in such Automatic Company Contribution Credits. 
 A-6.6 Investment Options 
 The Company shall, from time to time, in
its sole discretion, select one or more investment options (which may, but need not, be comparable to the investment options offered under the 401(k) Retirement Plan and shall not include Whirlpool Corporation stock) to be made available as the
measuring standards for crediting earnings and losses to a Participant’s Restoration Account. A Participant 

  

 A-5 

 
may select from such investment options, in a manner established by the Company, the investment option or options to apply to his or her Restoration Account
and may change such selections, all in accordance with such rules as the Company may establish. If a Participant fails to make an investment election under this Section A-6.6, his Restoration Account will be invested in a default investment fund
designated by the Company. 
 A-6.7 Adjustment of Restoration Accounts 
 Restoration Accounts shall be adjusted for investment earnings or losses as of each business day. The earnings or losses to be credited to the portion of any Participant’s Restoration Account under this Section
A-6.7 for any period shall be equivalent to the amount of earnings or losses which would have been credited to the Restoration Account if such portion of such Account had actually been invested in such investment options during such period in the
manner selected by the Participant. 
 Article A-7. Distributions 
 A-7.1 Distribution of Benefits 
 A Participant’s Restoration Account shall be distributed at the time and in the
form of payment specified in Article 7 and Article 4 of the Plan. 
 Article A-8. Amendment or Termination 
 A-8.1 Amendment and Termination 
 The Board of Directors shall have
the right to amend this Supplement A from time to time or to terminate the accrual of benefits hereunder, but any such amendment or termination shall not reduce any Restoration Account of a Participant as of the date of the amendment. The Board of
Directors may also elect to terminate this Supplement A and liquidate the Restoration Accounts of Participants hereunder in accordance with the provisions of Section 12.2 of the Plan, and in accordance with regulations promulgated by the
Secretary of the Treasury under the Internal Revenue Code, including Section 409A. 
  

 A-6Amendment to Whirlpool Corporation Executive Officer Bonus Plan

 Exhibit 10(iii)(aa) 
 AMENDMENT TO 
 WHIRLPOOL CORPORATION 
 EXECUTIVE OFFICER BONUS PLAN 
 WHEREAS, Whirlpool Corporation (the
“Company”) maintains the Whirlpool Corporation Executive Officer Bonus Plan (the “Plan”) which is a discretionary incentive bonus plan for eligible employees of the Company and its affiliates; and 
 WHEREAS, the Company reserved unto itself the right, pursuant to Section 6.2 of the Plan, to amend the Plan without notice to eligible
employees; and 
 WHEREAS, the Company has previously delegated authority to the Senior Vice President of Global Human Resources of
the Company the authority to amend the Plan and to do such other acts for and on behalf of the Company that in his judgment may appear necessary, appropriate or desirable to conform the Company’s nonqualified deferred compensation plans,
programs and arrangements to the extent necessary to new legal requirements affecting those plans’ programs or arrangements, including but not limited to amendments to the Plan to comply with Section 409A of the Internal Revenue Code of
1986, as amended. 
 NOW THEREFORE, the Plan is hereby amended effective January 1, 2009 as follows: 
 1. Section 1.2 of the Plan is amended by adding a new sentence at the end thereof to read as follows: 
 The Plan is not intended to provide for the deferral of compensation within the meaning of Code Section 409A and is intended to be exempt from Code
Section 409A as providing for only short-term deferrals within the meaning of Treasury Regulation Section 1.409A-1(b)(4). 
 2. Section 4.2 of
the Plan is amended in its entirety to read as follows: 
 4.2 Form and Timing of Payment. 
 Payment of Awards determined pursuant to Section 4.1 herein shall be made in a lump sum cash payment as of the date specified by the Committee, in
its discretion, provided however that in no event shall payment be made later than the 15th day of the third calendar month following the last day of the Company’s fiscal year during which the Participant obtains a nonforfeitable right with
respect to the payment of an award. 
 3. A new Section 4.3 is added to the Plan immediately following Section 4.2 to read as follows: 

4.3 Delay of Payments under Certain Circumstances. 
 A payment may be delayed to a date after the designated payment date described in Section 4.2 under the circumstances described in this Section 4.3, provided that the Company treats all payments to similarly
situated Participants on a reasonably consistent basis. 

	 	(a)	Payments Subject to Code Section 162(m). A payment may be delayed to the extent the Company reasonably anticipates that if the payment were made as scheduled, the
Company’s deduction with respect to such payment would not be permitted due to the application of Code Section 162(m), provided that the payment is made either during the Participant’s first taxable year in which the Company
reasonably anticipates, or should reasonably anticipate, that if the payment is made during such year, the deduction of such payment will not be barred by application of Code Section 162(m) or during the period beginning with the date of the
Participant’s separation from service and ending on the later of the last day of the taxable year of the Company in which the Participant separates from service or the 15th day of the third month following the Participant’s separation from
service, and provided further that all scheduled payments to that Participant that could be delayed in accordance with Treasury Regulation Section 1.409A-2(b)(7)(i) are also delayed. Where the payment is delayed to a date on or after the
Participant’s separation from service, the payment will be considered a payment upon a separation from service for purposes of the rules under Treasury Regulation Section 1.409A-3(i)(2) (payments to specified employees upon a separation
from service) and, in the case of a specified employee (within the meaning of Code Section 409A), the date that is six months after the Participant’s separation from service is substituted for any reference to the Participant’s
separation from service in the first sentence of this Section 4.3(a). No election may be provided to the Participant with respect to the timing of the payment under this Section 4.3(a). 

  

	 	(b)	Payments that would Violate Federal Securities Laws or Other Applicable Law. A payment may be delayed where the Company reasonably anticipates that the making of the payment
will violate Federal securities laws or other applicable law; provided that the payment is made at the earliest date at which the Company reasonably anticipates that the making of the payment will not cause such violation. For this purpose, the
making of a payment that would cause inclusion in gross income or the application of any penalty provision or other provision of the Code is not treated as a violation of applicable law. 

  

	 	(c)	Other Events and Conditions. The Company may delay a payment upon such other events and conditions as the Commissioner may prescribe in generally applicable guidance
published in the Internal Revenue Bulletin. 

  

 2 

 4. A new Section 4.4 is added to the Plan immediately following Section 4.3 to read as follows: 
 4.4 Applications of Code Section 409A: 
 Notwithstanding anything in this Plan to the contrary, if it is determined that any payment hereunder constitutes “nonqualified deferred compensation” that would be paid upon the “separation from service” of a
“specified employee” (as such terms are defined in Code Section 409A), then any such payment that otherwise would have been paid within six (6) months after the Participant’s separation from service, shall be accrued,
without interest, and its payment delayed until the first day of the seventh month following the Participant’s separation from service, or if earlier, the Participant’s death, at which point the accrued amount will be paid as a single,
lump sum cash payment. 
 5. Article 5 of the Plan is amended in its entirety to read as follows: 
 Article 5. Termination of Employment 
 In the event a Participant’s employment is terminated for any reason including death, disability, retirement, reduction-in-force, transfer to an affiliate not included in the Plan, change in control, and voluntary and involuntary
terminations, the Participant shall receive an Award for the Plan Year in which the termination occurs only if the Committee approves the payment of the Award to the terminated Participant, based on criteria it deems appropriate in its sole and
absolute discretion. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized officer on
the 19th day of December, 2008. 
  

			
	Whirlpool Corporation
		
	By:	 	 /s/    David A. Binkley

		 	David A. Binkley,
		 	Senior Vice President
		 	Global Human Resources

  

			
	Attest:
		
	By:	 	 /s/    Robert J. LaForest

		 	Robert J. LaForest,
		 	Associate General Counsel
		 	and Assistant Secretary

  

 3

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