HOME DEPOT INC
THE HOME DEPOT, INC. FORM OF RESTRICTED STOCK AWARD
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<DESCRIPTION>THE HOME DEPOT, INC. FORM OF RESTRICTED STOCK AWARD
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<p align="right" style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit
10.1</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE HOME
DEPOT, INC.</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESTRICTED
STOCK AWARD</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Restricted Stock Award (the &#147;Award&#148;) is made as of the <b>&lt;XX&gt;</b> day of <b>&lt;Month&gt;,
&lt;Year&gt;</b>, by THE HOME DEPOT, INC., a Delaware corporation (the &#147;Company&#148;)
to <b>&lt;Associate Name&gt;</b> (&#147;Executive&#148;).</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">W I T N E S S E T H:</font></u></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, the
Company has adopted The Home Depot, Inc. 2005 Omnibus Stock Incentive Plan (the
&#147;Plan&#148;) which is administered by the Leadership Development and Compensation
Committee of the Company&#146;s Board of Directors (the &#147;Committee&#148;); and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, Executive
is an Employee of the Company or its Subsidiary eligible to receive grants of
Awards under the Plan; and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, the
Committee has granted to Executive an award of restricted stock under the terms
of the Plan (the &#147;Award&#148;) to promote Executive&#146;s long-term interests in the
success of the Company; and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>,<b>  </b>to comply with the terms of the Plan and to further the
interests of the Company and Executive, the Company hereby makes an award of
restricted stock under the terms of the Plan to Executive pursuant to the
following terms and conditions:</p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Stock Award</u></b>.&#160; The Company hereby grants to Executive an
award of <b>&lt;XXX,XXX&gt;</b> shares of the $.05 par
value common stock of the Company, subject to the restrictions and other
conditions set forth herein.&#160; Such shares
are hereinafter referred to as the &#147;Restricted Shares.&#148;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Restrictions</u></b> The Restricted Shares
shall vest and become transferable as follows: [<b><u style="font-weight:bold;">OPTION
ONE:</u></b> twenty-five percent (25%) of the shares granted shall vest
and become transferable upon the third (3</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">rd</font>)
anniversary of the date of grant; twenty-five percent (25%) of the shares
granted shall vest and become transferable upon the sixth (6<font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font>) anniversary of the date of grant; and fifty percent (50%) of the
shares granted shall vest and become transferable upon the earlier of the date
on which Executive reaches age 60 or the tenth (10<font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font>)
anniversary of the grant date.] [<b><u style="font-weight:bold;">OPTION TWO:</u></b>&#160; one hundred percent (100%) of the shares
granted shall vest and become transferable upon the [select: third (3<font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">rd</font>) or fourth (4<font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font>) or fifth (5<font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font>)]
anniversary of the date of grant.]&#160; Restricted
Shares that have not vested may not be sold, transferred, pledged, assigned or
otherwise alienated or hypothecated.&#160; Restricted
Shares that have not vested shall be subject to forfeiture as provided in
Section 3.&#160; Upon a Change in Control of
the Company (as defined in Section 9) all unvested Restricted Shares shall
immediately vest and become transferable.&#160;
In the event of death or employment termination due to permanent and
total disability, any unvested Restricted Shares shall immediately vest and
become transferable by Executive or Executive&#146;s estate.</p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Change in Employment Status</u></b>.&#160; If Executive&#146;s employment with the Company
and its subsidiaries terminates for reasons other than <b>[FOR USE
WITH OPTION TWO VESTING ONLY: </b>Retirement,<b>]</b>
death or permanent and total disability, or if Executive&#146;s </font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">employment
status changes to a position which the Company deems to be ineligible for this
restricted stock grant, any Restricted Shares which had been granted to Executive
which have not yet become vested and transferable, as of the date of Executive&#146;s
termination or upon Executive&#146;s commencing employment in a non-eligible
position, shall be immediately forfeited by Executive. <b>[FOR USE
WITH OPTION TWO VESTING ONLY: </b>Upon employment termination due to
Retirement, all Restricted Shares that have not lapsed as of the date of
Executive&#146;s Retirement shall continue to vest according to the vesting schedule
set forth in Section 2 of this Award, provided that a sufficient number of
shares shall vest at the time said Restricted Shares become taxable to
Executive to cover applicable tax withholding required pursuant to Section 6;
further provided, that if after reaching Retirement, Executive becomes, either
directly or indirectly, employed with a Competitor, all unvested Restricted
Shares shall be immediately forfeited.&#160; &#147;Retirement&#148;
means termination of employment with the Company and its Subsidiaries on or
after Executive&#146;s attainment of age sixty (60) and having at least five (5)
years of continuous service with the Company and its Subsidiaries.&#160; &#147;Competitor&#148; means any company or entity in
the home improvement industry engaged in any way in a business that competes
directly or indirectly with the Company, its parents, subsidiaries, affiliates
or related entities, in the United States, Canada, Puerto Rico, Mexico, China
or any other location in which the Company currently conducts business or may
conduct business without the prior written consent of the Company.&#160; Businesses that compete with the Company in
the home improvement industry specifically include, but are not limited to, the
following entities and each of their subsidiaries, affiliates, assigns,
franchisees, or successors in interest: <b>[INSERT LIST OF COMPETITORS]</b></font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Book Entry Account</u>.&#160; </b>Within a reasonable time after the date
of this Award, the Company shall instruct its transfer agent to establish a
book entry account representing the Restricted Shares Executive&#146;s name
effective as of the grant date, provided that the Company shall retain control
of such account until the Restricted Shares have become vested in accordance
with the Award.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Stockholder Rights</u></b>.&#160; Upon the effective date of the book entry
pursuant to Section 4, Executive shall have all of the rights of a stockholder
with respect to the Restricted Shares, including the right to vote the shares
and to receive all dividends or other distributions paid or made available with
respect to such shares.&#160; Notwithstanding
the foregoing, any stock dividends or other in-kind dividends or distributions
shall be held by the Company until the related Restricted Shares have become
vested in accordance with this Award and shall remain subject to the forfeiture
provisions applicable to the Restricted Shares to which such dividends or
distributions relate.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Withholding</u></b>.&#160; Executive shall pay all applicable federal,
state and local income and employment taxes (including taxes of any foreign
jurisdiction) which the Company is required to withhold at any time with
respect to the Restricted Shares.&#160; Such
payment shall be made in full, at Executive&#146;s election, in cash or check, by
withholding from the Executive&#146;s next normal payroll check, or by the tender of
shares of the Company&#146;s common stock (including shares then vesting under this
Award).&#160;&#160; Shares tendered as payment of
required withholding shall be valued at the closing price per share of the
Company&#146;s common stock on the date such withholding obligation arises.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Transferability</u>.</b>&#160; Except as otherwise provided in this Section
7, the Restricted Shares shall not be sold, pledged, assigned, hypothecated,
transferred or disposed of in any </font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">manner, whether by the operation of law or otherwise.&#160; Executive may transfer the Restricted Shares,
in whole or in part, to a spouse or lineal descendant (a &#147;Family Member&#148;), a
trust for the exclusive benefit of Executive and/or Family Members, a
partnership or other entity in which all the beneficial owners are Executive
and/or Family Members, or any other entity affiliated with Executive that may
be approved by the Committee (a &#147;Permitted Transferee&#148;).&#160; Subsequent transfers of the Restricted Shares
shall be prohibited except in accordance with this Section 7. All terms and
conditions of the Restricted Shares, including provisions relating to the
termination of Executive&#146;s employment with the Company, shall continue to apply
following a transfer made in accordance with this Section 7.&#160; Any attempted transfer of the Restricted
Shares prohibited by this Section 7 shall be null and void.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Plan Provisions</u></b>. In addition to the
terms and conditions set forth herein, the Award is subject to and governed by
the terms and conditions set forth in the Plan, which is incorporated herein by
reference.&#160; Unless the context otherwise
requires, capitalized terms used in this Award shall have the meanings set
forth in the Plan.&#160; In the event of any
conflict between the provisions of the Award and the Plan, the Plan shall
control.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Change in Control</u></b>.&#160; For purposes of this agreement, &#147;Change in Control&#148;
shall mean 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 (&#147;1934 Act&#148;) 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 &#147;person&#148; (as that term is used
in Sections 13(d) and 14(d) (2) of the 1934 Act), is or becomes the &#147;beneficial
owner,&#148; 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
subsidiary of the Company) or of any sale or other disposition in one or a
series of related transactions of 50% or more of the assets or earning power of
the Company, or the approval by stockholders of any liquidation of the Company;
or (iv) the consummation of any merger or consolidation, approved by the
stockholders of the Company, to which the Company is a party as a result of
which the persons who were stockholders of the Company immediately prior to the
effective date of the merger or consolidation shall have beneficial ownership
of less than 50% of the combined voting power for election of directors of the
surviving corporation following the effective date of such merger or
consolidation.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Notice</u>.</b>&#160; Any written notice
required or permitted by this Award shall be mailed, certified mail (return
receipt requested) or hand-delivered, addressed to Company&#146;s Executive Vice
President &#151; Human Resources at Company&#146;s corporate headquarters at 2455 Paces
Ferry Road, N.W., Atlanta, Georgia 30339-4024, or to Executive at his most
recent home address on record with the Company.&#160;
Notices are effective upon receipt.</font></p>


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<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Miscellaneous</u></b>.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Limitation
of Rights</u></b>.&#160; The granting
of the Award shall not give Executive any rights to similar grants in future
years or any right to be retained in the employ or service of the Company or
its subsidiary or interfere in any way with the right of the Company or any
such subsidiary to terminate Executive&#146;s services at any time, the right of the
Company or its subsidiary to assign Executive to a position that is ineligible
for this restricted stock grant, or the right of Executive to terminate his
services at any time.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Severability</u></b>.&#160; If any term, provision, covenant or
restriction contained in the Award is held by a court or a federal regulatory
agency of competent jurisdiction to be invalid, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions contained in the
Award shall remain in full force and effect, and shall in no way be affected,
impaired or invalidated.</font></p>

<p align="left" style="line-height:normal;margin:0pt 0pt 12.0pt;text-align:left;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Controlling Law</u></b>.&#160; This Award shall be construed, interpreted
and applied in accordance with the law of the State of Delaware, without giving
effect to the choice of law provisions thereof.&#160;
Executive and the Company hereby irrevocably submit to the exclusive
concurrent jurisdiction of the courts of Delaware.&#160; Executive and the Company also both
irrevocably waive, to the fullest extent permitted by applicable law, any
objection either may now or hereafter have to the laying of venue of any such
dispute brought in such court or any defense of inconvenient forum for the
maintenance of such dispute, and both parties agree to accept service of legal
process in Delaware.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Construction</u></b>.&#160; The Award contains the entire understanding
between the parties and supersedes any prior understanding and agreements
between them representing the subject matter hereof, except that this Award
shall be subject to the terms and conditions set forth in the Employment
Agreement between Executive and Company, if any. There are no other
representations, agreements, arrangements or understandings, oral or written,
between and among the parties hereto relating to the subject matter hereof
which are not fully expressed herein.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">Headings</u></b>.&#160; Section and other headings contained in the
Award are for reference purposes only and are in no way intended to describe,
interpret, define or limit the scope, extent or intent of the Award or any
provision hereof.</font></p>

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