SECOND AMENDMENT GRACO DEFERRED COMPENSATION PLAN (2005 Restatement)

Exhibit 10.9

SECOND AMENDMENT

GRACO DEFERRED COMPENSATION PLAN

(2005 Restatement)

            Graco Inc. hereby amends the “GRACO DEFERRED COMPENSATION PLAN (2005 Statement)” (as amended, the “Plan Statement”) as follows:

1.            GENERAL ELIGIBILITY RULE. Effective January 1, 2013, Section 2.1(a) of the Plan Statement is amended (i) to delete the “or” at the end of Section 2.1(a)(ii), (ii) to add an “or” at the end of Section 2.1(a)(iii), and (iii) to add a Section 2.1(a)(iv) that reads as follows:

2.            SCHEDULE I. Effective January 1, 2013, the existing Schedule I listing participating employers shall be replaced with the attached Schedule I dated effective January 1, 2013.

3.            SCHEDULE II. Effective January 1, 2013, the existing Schedule II listing salary grade levels and classifications shall be replaced with the attached Schedule II dated effective January 1, 2013.

4.            SAVINGS CLAUSE. Save and except as hereinabove expressly amended, the Plan Statement shall continue in full force and effect.

Exhibit 10.9

SCHEDULE I

EMPLOYERS PARTICIPATING

(Effective January 1, 2013)

Exhibit 10.9

SCHEDULE II

COVERED SALARY GRADE LEVELS AND CLASSIFICATIONS

(Effective January 1, 2013)

Graco global pay grade levels 010 and above and global pay grade level 000.