Amendment to Wells Fargo & Company Directors Stock Compensation and Deferral Plan (February 24, 2009)

Contract Categories: Business Finance › Equity Distribution Agreements
Summary

This amendment updates the Wells Fargo & Company Directors Stock Compensation and Deferral Plan to make an additional 100,000 shares of common stock available for directors. These shares are specifically designated for deferrals of cash compensation and dividend credits into Deferred Stock Accounts, effective February 24, 2009. The amendment clarifies the allocation and use of these shares within the plan.

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EX-10.(A) 2 f52324exv10wxay.htm EX-10.(A) exv10wxay
Exhibit 10(a)
Amendment to Directors Stock Compensation and Deferral Plan
Effective February 24, 2009, Article III of the Wells Fargo & Company Directors Stock Compensation and Deferral Plan (the “Plan”) is amended to insert the following new proviso (ii) and renumber the subsequent proviso as (iii):
“(ii) effective February 24, 2009, an additional 100,000 shares of Common Stock shall be available for, but limited to, deferrals of Cash Compensation and dividend credits to Deferred Stock Accounts;”