Deferred Share Award (2008)Full Document 

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( [date] Award For                Deferred Shares)


This Deferred Share Award is made to [CANADA OFFICER/ASSOCIATE] this          day of                         , 20        , by THE HOME DEPOT, INC., a Delaware corporation.


W I T N E S S E T H:


WHEREAS, the Company has adopted The Home Depot, Inc. 2005 Omnibus Stock Incentive Plan which is administered by the Committee; and


WHEREAS, Executive is an employee of a subsidiary of the Company eligible to receive an award of Deferred Shares under the Plan; and


WHEREAS, the Committee conducted its review of Executive’s performance and compensation and approved equity awards for the Executive at its                      meeting,


NOW, THEREFORE, the Committee makes an award of Deferred Shares under the Plan to Executive pursuant to the following terms and conditions:


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


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


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


(c)           “Company means The Home Depot, Inc., a Delaware corporation, with offices at 2455 Paces Ferry Road, Atlanta, Georgia  30339.


(d)           “Change in Control” means the occurrence of a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A under the Securities Exchange Act of 1934 (“1934 Act”) as in effect at the time of such change in control, provided that such a change in control shall be deemed to have occurred at such time as (i) any “person” (as that term is used in Sections 13(d) and 14(d) (2) of the 1934 Act), is or becomes the “beneficial owner,” directly or indirectly, of securities representing 50% or more of the combined voting power for election of directors of the then outstanding securities of the Company or any successor of the Company; (ii) during any period of two (2) consecutive years or less, individuals who at the beginning of such period constituted the Board cease, for any reason, to constitute at least a majority of the Board, unless the election or nomination for election of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period or whose election or nomination for election was so approved; (iii) the consummation of any merger or consolidation, approved by the stockholders of the Company, as a result of which the common stock of the Company shall be changed, converted or exchanged (other than a merger with a wholly owned

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