Amendment Number Eleven to Northern Trust Employee Stock Ownership Plan

Summary

This amendment, effective April 1, 2000, updates the Northern Trust Employee Stock Ownership Plan to include Northern Trust Company of Connecticut and Northern Trust Global Advisors, Inc. as affiliates. It clarifies the earliest vesting date for employees of these entities. The amendment is executed by a Senior Vice President of The Northern Trust Company.

EX-10.(VII) 10 0010.txt AMENDED EMPLOYEE STOCK OWNERSHIP PLAN 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