STARWOOD HOTEL & RESORTS WORLDWIDE INC
EX-10.2
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 11pt"><B>AMENDMENT TO THE<BR>
STARWOOD HOTELS &#038; RESORTS WORLDWIDE, INC.<BR>
2004 LONG TERM INCENTIVE COMPENSATION PLAN</B></FONT>



<P align="left" style="font-size: 11pt; text-indent: 4%">Amendment, dated as of May&nbsp;30, 2007 (the &#147;Amendment&#148;), to the Starwood Hotels &#038; Resorts
Worldwide, Inc. 2004 Long Term Incentive Compensation Plan (the &#147;Plan&#148;).


<P align="left" style="font-size: 11pt; text-indent: 4%">WHEREAS, the Compensation and Option Committee of the Board of Directors of Starwood Hotels &#038;
Resorts Worldwide, Inc. (the &#147;Company&#148;) has determined that it is advisable and in the best
interests of the Company that the Plan be amended as set forth in this Amendment.


<P align="left" style="font-size: 11pt; text-indent: 4%">NOW, THEREFORE, the Company hereby amends the plan as follows:


<P align="left" style="font-size: 11pt; text-indent: 4%">1.&nbsp;Section&nbsp;1.3 is hereby amended by deleting it in its entirety and replacing Section&nbsp;1.3 with
the following:



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">&#147;1.3. Types of Awards. Awards under the Plan may be made to Eligible Participants in
the form of (i)&nbsp;Incentive Stock Options, (ii)&nbsp;Nonqualified Stock Options, (iii)&nbsp;Stock
Appreciation Rights, (iv)&nbsp;Stock Awards, (v)&nbsp;Restricted Stock, (vi)&nbsp;Restricted Stock Units,
(vii)&nbsp;Performance Shares, (viii)&nbsp;Performance Unit or any combination of these.


<P align="left" style="font-size: 11pt; text-indent: 4%">2.&nbsp;Section&nbsp;2.33 is hereby amended by deleting it in its entirety and replacing it with the
following:


<P align="left" style="font-size: 11pt; text-indent: 8%">&#147;2.33. &#147;Stock Award&#148; means as Award of Shares, Stock Appreciation Rights, Restricted Stock,
Restricted Stock Units, Performance Shares or Performance Units granted to a Director pursuant to
Article&nbsp;10 under the Plan.


<P align="left" style="font-size: 11pt; text-indent: 4%">3.&nbsp;Section&nbsp;10.1 is hereby amended by deleting the first paragraph thereof and replacing it
with the following:


<P align="left" style="font-size: 11pt; text-indent: 8%">&#147;10.1. Director Awards. On each date that the Company makes its regular, annual grant of
Awards to employees (the &#147;Annual Grant Date&#148;), each Director shall be granted a Stock Award or NQSO
in an amount determined by the Committee; provided, however, that each individual who is first
elected to serve as a Director on a date after an Annual Grant Date and prior to the next Annual
Grant Date (&#147;Prorated Grant Date&#148;) shall be granted a prorated Stock Award and/or NQSO, as follows:
if the Prorated Grant Date is less than 3&nbsp;months after the Annual Grant Date, 100% of the Awards
granted to Directors on the Annual Grant Date; if the Prorated Grant Date is at least 3&nbsp;months but
less than 6&nbsp;months after the Annual Grant Date, 75% of the Awards granted to Directors on the
Annual Grant Date; if the Prorated Grant Date is at least 6&nbsp;months but less than 9&nbsp;months after the
Annual Grant Date, 50% of the Awards granted to Directors on the Annual Grant Date; if the Prorated
Grant Date is at least 9&nbsp;months but less than 12&nbsp;months after the Annual Grant Date, 25% of the
Awards granted to Directors on the Annual Grant Date.&#148;


<P align="left" style="font-size: 11pt; text-indent: 4%">4.&nbsp;Section&nbsp;10.2 is hereby amended by deleting each occurrence of $50,000 and replacing it
with $80,000 and deleting each occurrence of $25,000 and replacing it with $40,000.


<P align="left" style="font-size: 11pt; text-indent: 4%">5.&nbsp;Except as otherwise specifically set forth herein, all terms and provisions of the
Plan shall remain in full force and effect and shall be unmodified by the effectiveness of this
Amendment.


<P align="left" style="font-size: 11pt; text-indent: 4%">6.&nbsp;All capitalized terms used in this Amendment and not otherwise defined herein shall have
the respective meanings assigned thereto in the Plan.



<P align="left" style="margin-left:2%; font-size: 11pt; text-indent: 2%">IN WITNESS WHEREOF, Starwood Hotels &#038; Resorts Worldwide, Inc. has adopted this Amendment
effective as of the date hereof.


<P align="left" style="font-size: 11pt; text-indent: 25%">STARWOOD HOTELS &#038; RESORTS



<P align="left" style="margin-left:17%; font-size: 11pt; text-indent: 8%">WORLDWIDE, INC.


<P align="left" style="font-size: 11pt; text-indent: 25%">By:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:<BR>
Title:<BR>



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