Document:

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                                                                  Exhibit 10(vi)

                            FIRST AMENDMENT TO THE
                          NORTHERN TRUST CORPORATION
                          DEFERRED COMPENSATION PLAN

     WHEREAS, Northern Trust Corporation (the "Company") has adopted the
Northern Trust Corporation Deferred Compensation Plan (the "Plan") for the
purpose of providing deferred compensation to a select group of management or
highly compensated employees of the Company, effective as May 1, 1998;

     WHEREAS, pursuant to Section 7.1 of the Plan, the Company has the right to
amend the Plan when, in the sole discretion of the Company, such amendment is
advisable; and

     WHEREAS, the Company deems it necessary and advisable to amend the Plan.

     NOW, THEREFORE,  the Plan is hereby amended as follows:

1.   A new Section 1.17 is added to the Plan to read as follows:

           Section 1.17. "Affiliate" shall have the meaning set forth in Rule
     12b-2 under Section 12 of the Exchange Act.

2.   A new Section 1.18 is added to the Plan to read as follows:

           Section 1.18. "Beneficial Owner" shall have the meaning set forth in
     Rule 13d-3 under the Exchange Act, except that a Person shall not be deemed
     to be the Beneficial Owner of any securities with respect to which such
     Person has properly filed a Form 13-G.

3.   A new Section 1.19 is added to the Plan to read as follows:

           Section 1.19. "Change in Control" means the occurrence of any of the
     events set forth in any one of the following paragraphs:

               (1)  any Person is or becomes the Beneficial Owner, directly
     or indirectly, of securities of the Company (not including in the
     securities beneficially owned by such Person any securities acquired
     directly from the
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     Company or its affiliates) representing 20% or more of the combined voting
     power of the Company's then outstanding securities, excluding any Person
     who becomes such a Beneficial Owner in connection with a transaction
     described in clause (i) of paragraph (3) below; or

               (2)  The election to the Board of Directors of the Company,
          without the recommendation or approval of two thirds of the
          incumbent Board of Directors of the Company, of the lesser of: (A)
          three directors; or (B) directors constituting a majority of  the
          number of directors of the Company then in office, provided, however,
                                                             --------  -------
          that directors whose initial assumption of office is in connection
          with an actual or threatened election contest, including but not
          limited to a consent solicitation, relating to the election of
          directors of the Company will not be considered as incumbent members
          of the Board of Directors of the Company for purposes of this section;
          or

               (3)  there is consummated a merger or consolidation of the
          Company or any direct or indirect subsidiary of the Company with any
          other company, other than (i) a merger or consolidation which would
          result in the voting securities of the Company outstanding immediately
          prior to such merger or consolidation continuing to represent (either
          by remaining outstanding or by being converted into voting securities
          of the surviving entity or any parent thereof), at least 60% of the
          combined voting power of the securities of the Company or such
          surviving entity or any parent thereof outstanding immediately after
          such merger or consolidation, or (ii) a merger or consolidation
          effected to implement a recapitalization of the Company (or similar
          transaction) in which no Person is or becomes the Beneficial Owner,
          directly or indirectly, of securities of the Company (not including in
          the securities Beneficially Owned by such Person any securities
          acquired directly from the Company or its Affiliates) representing 20%
          or more of the combined voting power of the Company's then outstanding
          securities; or

               (4)  the stockholders of the Company approve a plan of
          complete liquidation or dissolution of the Company or there is
          consummated an agreement for the sale or disposition by the Company of
          all or substantially all of the Company's assets, other than a sale or
          disposition by the Company of all or substantially all of

                                       2
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          the Company's assets to an entity, at least 60% of the combined voting
          power of the voting securities of which are owned by stockholders of
          the Company in substantially the same proportions as their ownership
          of the Company immediately prior to such sale.

     Notwithstanding the foregoing, a "Change in Control" shall not be deemed to
     have occurred by virtue of the consummation of any transaction or series of
     integrated transactions immediately following which the record holders of
     the common stock of the Company immediately prior to such transaction or
     series of transactions continue to have substantially the same
     proportionate ownership in an entity which owns all or substantially all of
     the assets of the Company immediately following such transaction or series
     of transactions.

4.   A new Section 1.20 is added to the Plan to read as follows:

           Section 1.20. "Exchange Act" shall mean the Securities Exchange Act
     of 1934, as amended from time to time.

5.   A new Section 1.21 is added to the Plan to read as follows:

           Section 1.21. "Person shall have the meaning given in Section 3(a)(9)
     of the Exchange Act, as modified and used in Sections 13(d) and 14(d)
     thereof, except that such terms shall not include (i) the Company or any of
     its Affiliates, (ii) a trustee or other fiduciary holding securities under
     an employee benefit plan of the Company or any of its subsidiaries, (iii)
     an underwriter temporarily holding securities pursuant to an offering of
     such securities or (iv) a corporation owned, directly or indirectly, by the
     stockholders of the Company in substantially the same proportions as their
     ownership of stock of the Company.

6.   A new Section 4.3 is added to the Plan to read as follows:

           Section 4.3.  Minimum Rate of Investment Return.  Following the date
                         ---------------------------------
     of a Change in Control, notwithstanding anything to the contrary herein,
     each Participant's Deferred Compensation Account shall be credited with a
     minimum annual investment return with respect to any calendar year (or
     portion thereof) at least equal to the average yield (as determined at
     auction) with respect to the 52 week United States Treasury bills issued
     during the previous calendar year, plus 50 basis points.

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7.   A new sentence is added to Section 7.2 of the Plan to read as follows:

     Following a Change in Control, no amendment to the Plan shall directly or
     indirectly effect the minimum rate of investment return set forth in
     Section 4.3 hereof.

     This First Amendment to the Northern Trust Corporation Deferred
Compensation Plan shall be effective from and after May 16, 2000.

                              NORTHERN TRUST CORPORATION

                              By: /s/Peter L. Rossiter
                                 ------------------------------
                                  Name:  Peter L. Rossiter
                                  Title: Executive Vice President

                                       4<PAGE>

                                                                 Exhibit 10(vii)
                            AMENDMENT NUMBER ELEVEN
                                      TO
                                NORTHERN TRUST
                         EMPLOYEE STOCK OWNERSHIP PLAN

WHEREAS, The Northern Trust Company (the "Company") maintains the Northern Trust
Employee Stock Ownership Plan, as amended and restated effective January 1, 1989
(the "Plan");

WHEREAS, amendment of the Plan is deemed desirable;

NOW, THEREFORE, by virtue and in exercise of the amending power reserved to the
Company under Section 13.1 of the Plan, and pursuant to the authority delegated
to the undersigned officer by resolutions of the Board of Directors dated
February 15, 2000, the Plan is hereby amended as follows:

Effective April 1, 2000, Schedule A is amended to add "Northern Trust Company of
Connecticut (`NTCC') / Northern Trust Global Advisors, Inc (`NTGA') Acquired:
10/31/95" to the Affiliate Name Column and "DOH w/NTCC or NTGA (before or after
acquisition)" to the ESOP Earliest Vesting Date Column.

IN WITNESS WHEREOF, the Company has caused this amendment to be executed on its
behalf by the undersigned officer this  5/th/ day of April, 2000.

/s/ Martin J. Joyce, Jr.
------------------------
Martin J. Joyce, Jr.
Senior Vice President<PAGE>   1

                                                                    EXHIBIT 10.3

                                                   FACILITY I TO AMENDMENT NO. 1

                                 AMENDMENT NO. 1
                               TO CREDIT AGREEMENT

     THIS AMENDMENT NO. 1 TO CREDIT AGREEMENT (the "Amendment") is made and
entered into as of June 27, 2000, among NEW PLAN EXCEL REALTY TRUST, INC., a
Maryland corporation (the "Borrower"), each lender under the hereinafter defined
Credit Agreement (including each "Designated Lender" existing as of the date
hereof; each a "Lender" and, collectively, the "Lenders"), THE BANK OF NEW YORK,
as administrative agent (in such capacity, the "Administrative Agent"), and BANK
ONE, NA and BANKBOSTON, N.A. (each a "Co-Documentation Agent" and, collectively,
the "Co-Documentation Agents").

                                    RECITALS:

A.   The Borrower, the Lenders, the Administrative Agent and the
     Co-Documentation Agents entered into that certain Credit Agreement dated as
     of November 17, 1999 (as amended, the "Credit Agreement"; capitalized terms
     used in this Amendment which are not otherwise defined herein shall have
     the meaning ascribed to such terms in the Credit Agreement).

B.   The Borrower has requested that Section 8.2 of the Credit Agreement be
     amended as hereinafter set forth.

C.   The Administrative Agent, the Co-Documentation Agent and the Lenders are
     agreeable to such request, subject to the terms of this Amendment.

     NOW, THEREFORE, for and in consideration of the mutual promises and mutual
agreements contained herein, and for other good and valuable consideration, the
receipt of which is hereby acknowledged, the parties hereto do hereby agree as
follows:

     1.   Amendment of Section 8.2. Section 8.2 of the Credit Agreement is
hereby amended by deleting subsection (b) thereof in its entirety and
substituting in its place the following new subsection (b):

     (b)  Sell, transfer, master lease or dispose of any of its Property, either
     directly or indirectly, except that if at the time thereof and immediately
     after giving effect thereto, no Default shall have occurred, (i) any
     Subsidiary of the Borrower may sell, transfer, master lease or otherwise
     dispose of its assets to the Borrower or to any other Subsidiary, (ii) the
     Borrower may sell, transfer, master lease or otherwise dispose of its
     assets to any Subsidiary Guarantor, (iii) in connection with any
     transaction pursuant to which a Real Property asset of Borrower is or will
     be encumbered with a mortgage (as permitted under Section 8.1(vii)), the
     Borrower may transfer such asset to any Subsidiary, and (iv) the Borrower
     or any Subsidiary

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     of the Borrower may sell Property in an arm's length transaction (or, if
     the transaction involves an Affiliate of the Borrower or a Subsidiary of
     the Borrower, if the transaction complies with Section 8.8) for the fair
     market value thereof, as reasonably determined by the Borrower, provided
     that such sale could not reasonably be expected to have a Material Adverse
     Effect and provided further that for any fiscal year of the Borrower, any
     sale, transfer, master lease or disposition of Property in reliance on this
     clause (iv) which when combined with all other such sales, transfers,
     master leases or dispositions made in such fiscal year shall not exceed 25%
     of the total book value of all Property of the Borrower and its
     Subsidiaries determined as of the first day of such fiscal year.

2.   Reaffirmation of Guaranty. Each Subsidiary Guarantor is executing this
Amendment to evidence its consent and agreement to the terms hereof. Each
Subsidiary Guarantor confirms that the Subsidiary Guaranty is in full force and
effect in accordance with the terms thereof and continues to be the binding
obligation of each Subsidiary Guarantor.

3.   Effectiveness of Amendment. The effectiveness of this Amendment is subject
to the receipt by the Administrative Agent, on or before June 27, 2000, of this
Amendment duly executed and delivered by the Borrower, the Administrative Agent,
each Co-Documentation Agent and the Required Lenders, in sufficient copies for
each Lender, the Administrative Agent and each Co-Documentation Agent to receive
an original thereof.

4.   No Other Amendments. Except to the extent amended hereby, all terms,
provisions and conditions of the Credit Agreement shall continue in full force
and effect and shall remain enforceable and binding in accordance with its
terms.

5.   Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of New York.

6.   Counterparts. This Amendment may be executed in any number of counterparts,
all of which when taken together shall constitute one and the same document, and
each party hereto may execute this Amendment by signing any of such
counterparts.

7.   Successors and Assigns. This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns.

8.   Trust Limitation for New Plan Realty Trust. This Amendment and all
documents, agreements, understandings and arrangements relating to this
transaction have been negotiated, executed and delivered on behalf of New Plan
Realty Trust ("NPRT") by the trustees or officers thereof in their
representative capacity under the Declaration of Trust, and not individually,
and bind only the trust estate of NPRT, and no trustee, officer, employee, agent
or shareholder of NPRT shall be bound or held to any

                                      -2-

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personal liability or responsibility in connection with the agreements,
obligations and undertakings of NPRT hereunder, and any person or entity dealing
with NPRT in connection therewith shall look only to the trust estate for the
payment of any claim or for the performance of any agreement, obligation or
undertaking thereunder. The Administrative Agent, the Co-Documentation Agents
and each Lender hereby acknowledge and agree that each agreement and other
document executed by NPRT in accordance with or in respect of this transaction
shall be deemed and treated to include in all respects and for all purposes the
foregoing exculpatory provision.

                                      -3-

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     IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
officers to execute and deliver this Amendment No.1 to Credit Agreement as of
the date first above written.

                                       NEW PLAN EXCEL REALTY TRUST, INC.

                                       By: /s/ Dean Bernstein
                                           -------------------------------------
                                           Dean Bernstein
                                           Senior Vice President

                                       THE BANK OF NEW YORK,
                                       as Administrative Agent and a Lender

                                       By: /s/ Frederick Laudisi
                                           -------------------------------------
                                           Frederick Laudisi
                                           Vice President

                                       BANK ONE, NA
                                       as Co-Documentation Agent
                                       and a Lender

                                       By: /s/ Patricia Leung
                                           -------------------------------------
                                           Name:  Patricia Leung
                                           Title: Senior Vice President

                                       FLEET NATIONAL BANK
                                       F/K/A  BANKBOSTON, N.A.
                                       as Co-Documentation Agent
                                       and a Lender

                                       By: /s/ Daniel P. Stegemoeller
                                           -------------------------------------
                                           Name:  Daniel P. Stegemoeller
                                           Title: Vice President

<PAGE>   5

                                       ARGENTARIA, CAJA POSTAL Y
                                       BANCO HIPOTECARIO S.A.

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       BANK OF AMERICA, N. A.

                                       By: /s/ Thomas E. Schubert
                                           -------------------------------------
                                           Name:
                                           Title:

                                       CHANG HWA COMMERCIAL
                                       BANK, LTD., NEW YORK BRANCH

                                       By: /s/ Wan-Tu Yeh
                                           -------------------------------------
                                           Name:  Wan-Tu Yeh
                                           Title: VP & General Manager

                                       ERSTE BANK

                                       By: /s/ Paul Judicke
                                           -------------------------------------
                                           Name:  Paul Judicke
                                           Title: Vice President

                                       By: /s/ John Runion
                                           -------------------------------------
                                           Name:  John Runion
                                           Title: First Vice President

                                       ISRAEL DISCOUNT BANK OF NEW YORK

                                       By: /s/ Marc G. Cooper
                                           -------------------------------------
                                           Name:  Marc G. Cooper
                                           Title: Vice President

                                       By: /s/ Chet Davis
                                           -------------------------------------
                                           Name:  Chet Davis
                                           Title: First Vice President

<PAGE>   6

                                       PNC BANK, N. A.

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       KEY BANK

                                       By: /s/ Kenneth A. McIntyre, Jr.
                                           -------------------------------------
                                           Name:  Kenneth A. McIntyre, Jr.
                                           Title: Vice President

 Each of the following Subsidiary
 Guarantors consents and agrees to
 the terms of this Amendment and the
 provisions of Section 2 thereof:

 NEW PLAN REALTY TRUST

 By: /s/ Dean Bernstein
     ----------------------------------
     Name:
     Title:

 EXCEL REALTY - ST, INC.

 By: /s/ Dean Bernstein
     ----------------------------------
     Name:
     Title:

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